Benzinga's Top Ratings Upgrades, Downgrades For June 27, 2023

Upgrades

According to Evercore ISI Group, the prior rating for Saia Inc (NASDAQ:SAIA) was changed from In-Line to Outperform. Saia earned $2.85 in the first quarter, compared to $2.98 in the year-ago quarter. The stock has a 52-week-high of $330.87 and a 52-week-low of $175.68. At the end of the last trading period, Saia closed at $322.53.

Northcoast Research upgraded the previous rating for Wingstop Inc (NASDAQ:WING) from Neutral to Buy. In the first quarter, Wingstop showed an EPS of $0.59, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $223.77 and a 52-week-low of $72.18. Wingstop closed at $188.75 at the end of the last trading period.

For Guidewire Software Inc (NYSE:GWRE), Stifel upgraded the previous rating of Hold to Buy. For the third quarter, Guidewire Software had an EPS of $0.08, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $83.51 and a 52-week-low of $52.19. At the end of the last trading period, Guidewire Software closed at $69.52.

For Kellogg Co (NYSE:K), Goldman Sachs upgraded the previous rating of Neutral to Buy. Kellogg earned $1.10 in the first quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $77.16 and a 52-week-low of $63.74. Kellogg closed at $65.60 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Truist Securities downgraded the previous rating for Equinix Inc (NASDAQ:EQIX) from Buy to Hold. Equinix earned $8.59 in the first quarter, compared to $7.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $792.02 and a 52-week-low of $495.11. Equinix closed at $759.94 at the end of the last trading period.

B of A Securities downgraded the previous rating for ALLETE Inc (NYSE:ALE) from Neutral to Underperform. In the first quarter, ALLETE showed an EPS of $1.02, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.35 and a 52-week-low of $47.81. ALLETE closed at $59.12 at the end of the last trading period.

JP Morgan downgraded the previous rating for Antero Resources Corp (NYSE:AR) from Overweight to Neutral. For the first quarter, Antero Resources had an EPS of $0.50, compared to year-ago quarter EPS of $1.15. The stock has a 52-week-high of $45.30 and a 52-week-low of $19.91. At the end of the last trading period, Antero Resources closed at $22.10.

For Olin Corp (NYSE:OLN), UBS downgraded the previous rating of Buy to Neutral. Olin earned $1.16 in the first quarter, compared to $2.48 in the year-ago quarter. The current stock performance of Olin shows a 52-week-high of $64.70 and a 52-week-low of $41.34. Moreover, at the end of the last trading period, the closing price was at $49.19.

See all analyst ratings downgrades.

Initiations

Craig-Hallum initiated coverage on Arhaus Inc (NASDAQ:ARHS) with a Buy rating. The price target for Arhaus is set to $15.00. Arhaus earned $0.25 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.27 and a 52-week-low of $4.25. Arhaus closed at $9.45 at the end of the last trading period.

William Blair initiated coverage on Warby Parker Inc (NYSE:WRBY) with a Market Perform rating. For the first quarter, Warby Parker had an EPS of $0.06, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $18.97 and a 52-week-low of $9.50. At the end of the last trading period, Warby Parker closed at $11.37.

See all analyst ratings initiations.

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