Benzinga's Top Ratings Upgrades, Downgrades For January 20, 2023

Upgrades

For Par Pacific Holdings Inc PARR, Piper Sandler upgraded the previous rating of Neutral to Overweight. In the third quarter, Par Pacific Hldgs showed an EPS of $2.88, compared to $0.76 from the year-ago quarter. The stock has a 52-week-high of $25.38 and a 52-week-low of $11.66. At the end of the last trading period, Par Pacific Hldgs closed at $24.54.

For Regeneron Pharmaceuticals Inc REGN, JP Morgan upgraded the previous rating of Neutral to Overweight. Regeneron Pharmaceuticals earned $11.14 in the third quarter, compared to $15.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $779.00 and a 52-week-low of $538.01. Regeneron Pharmaceuticals closed at $715.57 at the end of the last trading period.

For PVH Corp PVH, Barclays upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, PVH showed an EPS of $2.60, compared to $2.67 from the year-ago quarter. The stock has a 52-week-high of $105.43 and a 52-week-low of $43.49. At the end of the last trading period, PVH closed at $83.28.

Barclays upgraded the previous rating for Ralph Lauren Corp RL from Equal-Weight to Overweight. Ralph Lauren earned $2.23 in the second quarter, compared to $2.62 in the year-ago quarter. The stock has a 52-week-high of $135.99 and a 52-week-low of $82.23. At the end of the last trading period, Ralph Lauren closed at $117.34.

For PagerDuty Inc PD, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, PagerDuty showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. The current stock performance of PagerDuty shows a 52-week-high of $38.75 and a 52-week-low of $19.51. Moreover, at the end of the last trading period, the closing price was at $26.38.

For Restaurant Brands International Inc QSR, BMO Capital upgraded the previous rating of Market Perform to Outperform. In the third quarter, Restaurant Brands Intl showed an EPS of $0.96, compared to $0.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $68.54 and a 52-week-low of $46.68. Restaurant Brands Intl closed at $65.59 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Nordstrom Inc JWN, Gordon Haskett downgraded the previous rating of Hold to Reduce. For the third quarter, Nordstrom had an EPS of $0.20, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $29.59 and a 52-week-low of $15.53. At the end of the last trading period, Nordstrom closed at $17.45.

According to Cantor Fitzgerald, the prior rating for Aspira Womens Health Inc AWH was changed from Overweight to Neutral. In the third quarter, Aspira Womens Health showed an EPS of $0.04, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $1.34 and a 52-week-low of $0.28. Aspira Womens Health closed at $0.50 at the end of the last trading period.

For PAVmed Inc PAVM, Cantor Fitzgerald downgraded the previous rating of Overweight to Neutral. For the third quarter, PAVmed had an EPS of $0.15, compared to year-ago quarter EPS of $0.10. The current stock performance of PAVmed shows a 52-week-high of $2.34 and a 52-week-low of $0.40. Moreover, at the end of the last trading period, the closing price was at $0.46.

For The Mosaic Co MOS, Citigroup downgraded the previous rating of Buy to Neutral. For the third quarter, Mosaic had an EPS of $3.22, compared to year-ago quarter EPS of $1.35. At the moment, the stock has a 52-week-high of $79.28 and a 52-week-low of $37.08. Mosaic closed at $46.72 at the end of the last trading period.

JMP Securities downgraded the previous rating for Innovative Industrial Properties Inc IIPR from Market Outperform to Market Perform. For the third quarter, Innovative Ind Props had an EPS of $2.13, compared to year-ago quarter EPS of $1.71. The current stock performance of Innovative Ind Props shows a 52-week-high of $211.17 and a 52-week-low of $87.47. Moreover, at the end of the last trading period, the closing price was at $92.09.

Cowen & Co. downgraded the previous rating for Salesforce Inc CRM from Outperform to Market Perform. In the third quarter, Salesforce showed an EPS of $1.40, compared to $1.27 from the year-ago quarter. The current stock performance of Salesforce shows a 52-week-high of $234.49 and a 52-week-low of $126.34. Moreover, at the end of the last trading period, the closing price was at $146.41.

According to MKM Partners, the prior rating for Pinterest Inc PINS was changed from Buy to Neutral. For the third quarter, Pinterest had an EPS of $0.11, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $33.79 and a 52-week-low of $16.14. Pinterest closed at $26.77 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Domo Inc DOMO from Overweight to Equal-Weight. For the third quarter, Domo had an EPS of $0.13, compared to year-ago quarter EPS of $0.32. The current stock performance of Domo shows a 52-week-high of $57.41 and a 52-week-low of $12.07. Moreover, at the end of the last trading period, the closing price was at $12.87.

According to Piper Sandler, the prior rating for Delek US Holdings Inc DK was changed from Overweight to Neutral. In the third quarter, Delek US Hldgs showed an EPS of $0.02, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $35.45 and a 52-week-low of $14.71. At the end of the last trading period, Delek US Hldgs closed at $26.73.

Jefferies downgraded the previous rating for LCI Industries Inc LCII from Buy to Hold. In the third quarter, LCI Indus showed an EPS of $2.40, compared to $2.50 from the year-ago quarter. The current stock performance of LCI Indus shows a 52-week-high of $139.89 and a 52-week-low of $89.28. Moreover, at the end of the last trading period, the closing price was at $107.27.

According to JP Morgan, the prior rating for Cyteir Therapeutics Inc CYT was changed from Overweight to Neutral. Cyteir Therapeutics earned $0.31 in the third quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of $7.31 and a 52-week-low of $1.13. At the end of the last trading period, Cyteir Therapeutics closed at $1.53.

Keybanc downgraded the previous rating for Squarespace Inc SQSP from Overweight to Sector Weight. For the third quarter, Squarespace had an EPS of $0.07, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $34.97 and a 52-week-low of $14.43. Squarespace closed at $22.93 at the end of the last trading period.

Keybanc downgraded the previous rating for Riskified Ltd RSKD from Overweight to Sector Weight. For the third quarter, Riskified had an EPS of $0.05, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $7.74 and a 52-week-low of $3.43. At the end of the last trading period, Riskified closed at $5.21.

According to Keybanc, the prior rating for BigCommerce Holdings Inc BIGC was changed from Overweight to Sector Weight. In the third quarter, BigCommerce Holdings showed an EPS of $0.15, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $34.00 and a 52-week-low of $7.75. At the end of the last trading period, BigCommerce Holdings closed at $10.61.

See all analyst ratings downgrades.

Initiations

For Wayfair Inc W, Keybanc initiated coverage, by setting the current rating at Sector Weight. For the third quarter, Wayfair had an EPS of $2.11, compared to year-ago quarter EPS of $0.14. The current stock performance of Wayfair shows a 52-week-high of $164.88 and a 52-week-low of $28.11. Moreover, at the end of the last trading period, the closing price was at $38.91.

With an Outperform rating, RBC Capital initiated coverage on Marinus Pharmaceuticals Inc MRNS. The price target seems to have been set at $23.00 for Marinus Pharma. For the third quarter, Marinus Pharma had an EPS of $0.94, compared to year-ago quarter EPS of $0.53. The stock has a 52-week-high of $12.37 and a 52-week-low of $3.46. At the end of the last trading period, Marinus Pharma closed at $5.21.

With a Market Perform rating, BMO Capital initiated coverage on WR Berkley Corp WRB. The price target seems to have been set at $76.00 for WR Berkley. WR Berkley earned $1.01 in the third quarter, compared to $1.32 in the year-ago quarter. The current stock performance of WR Berkley shows a 52-week-high of $99.68 and a 52-week-low of $60.89. Moreover, at the end of the last trading period, the closing price was at $69.80.

BMO Capital initiated coverage on Sigma Lithium Corp SGML with an Outperform rating. The price target for Sigma Lithium is set to $40.00. The stock has a 52-week-high of $39.93 and a 52-week-low of $8.39. At the end of the last trading period, Sigma Lithium closed at $29.65.

With a Market Perform rating, BMO Capital initiated coverage on Marsh & McLennan Companies Inc MMC. The price target seems to have been set at $168.00 for Marsh & McLennan. Marsh & McLennan earned $1.18 in the third quarter, compared to $1.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $183.14 and a 52-week-low of $142.80. Marsh & McLennan closed at $169.60 at the end of the last trading period.

With a Market Perform rating, BMO Capital initiated coverage on Aon PLC AON. The price target seems to have been set at $310.00 for Aon. Aon earned $2.02 in the third quarter, compared to $1.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of $341.98 and a 52-week-low of $246.21. Aon closed at $318.96 at the end of the last trading period.

BMO Capital initiated coverage on Allstate Corp ALL with a Market Perform rating. The price target for Allstate is set to $130.00. Allstate earned $1.56 in the third quarter, compared to $0.73 in the year-ago quarter. The current stock performance of Allstate shows a 52-week-high of $144.46 and a 52-week-low of $111.85. Moreover, at the end of the last trading period, the closing price was at $124.64.

BMO Capital initiated coverage on American International Group Inc AIG with a Market Perform rating. The price target for American Intl Gr is set to $64.00. In the third quarter, American Intl Gr showed an EPS of $0.66, compared to $0.97 from the year-ago quarter. At the moment, the stock has a 52-week-high of $65.73 and a 52-week-low of $47.05. American Intl Gr closed at $61.72 at the end of the last trading period.

With an Outperform rating, BMO Capital initiated coverage on Brown & Brown Inc BRO. The price target seems to have been set at $67.00 for Brown & Brown. In the third quarter, Brown & Brown showed an EPS of $0.50, compared to $0.58 from the year-ago quarter. The current stock performance of Brown & Brown shows a 52-week-high of $74.00 and a 52-week-low of $52.91. Moreover, at the end of the last trading period, the closing price was at $60.25.

BMO Capital initiated coverage on Progressive Corp PGR with an Outperform rating. The price target for Progressive is set to $155.00. For the third quarter, Progressive had an EPS of $0.52, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $135.45 and a 52-week-low of $100.81. At the end of the last trading period, Progressive closed at $125.92.

BMO Capital initiated coverage on The Travelers Companies Inc TRV with an Outperform rating. The price target for Travelers Companies is set to $212.00. For the third quarter, Travelers Companies had an EPS of $2.20, compared to year-ago quarter EPS of $2.60. The stock has a 52-week-high of $194.45 and a 52-week-low of $149.65. At the end of the last trading period, Travelers Companies closed at $184.04.

BMO Capital initiated coverage on Lemonade Inc LMND with an Underperform rating. The price target for Lemonade is set to $10.00. Lemonade earned $1.37 in the third quarter, compared to $1.08 in the year-ago quarter. The stock has a 52-week-high of $34.54 and a 52-week-low of $12.82. At the end of the last trading period, Lemonade closed at $15.12.

BMO Capital initiated coverage on Arthur J. Gallagher & Co AJG with an Outperform rating. The price target for Arthur J. Gallagher is set to $211.00. For the third quarter, Arthur J. Gallagher had an EPS of $1.72, compared to year-ago quarter EPS of $1.33. At the moment, the stock has a 52-week-high of $201.51 and a 52-week-low of $147.32. Arthur J. Gallagher closed at $190.89 at the end of the last trading period.

With a Market Perform rating, BMO Capital initiated coverage on Goosehead Insurance Inc GSHD. The price target seems to have been set at $39.00 for Goosehead Insurance. Goosehead Insurance earned $0.24 in the third quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Goosehead Insurance shows a 52-week-high of $102.06 and a 52-week-low of $29.23. Moreover, at the end of the last trading period, the closing price was at $37.60.

BMO Capital initiated coverage on Ryan Specialty Holdings Inc RYAN with an Outperform rating. The price target for Ryan Specialty Holdings is set to $51.00. Ryan Specialty Holdings earned $0.25 in the third quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $46.40 and a 52-week-low of $32.13. At the end of the last trading period, Ryan Specialty Holdings closed at $41.83.

With a Market Perform rating, BMO Capital initiated coverage on Everest Re Group Ltd RE. The price target seems to have been set at $380.00 for Everest Re Group. For the third quarter, Everest Re Group had an EPS of $5.28, compared to year-ago quarter EPS of $1.34. At the moment, the stock has a 52-week-high of $361.67 and a 52-week-low of $244.57. Everest Re Group closed at $344.49 at the end of the last trading period.

BMO Capital initiated coverage on MediaAlpha Inc MAX with a Market Perform rating. The price target for MediaAlpha is set to $10.00. For the third quarter, MediaAlpha had an EPS of $0.34, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $17.26 and a 52-week-low of $7.59. MediaAlpha closed at $11.82 at the end of the last trading period.

With a Market Perform rating, BMO Capital initiated coverage on American Financial Group Inc AFG. The price target seems to have been set at $155.00 for American Financial Group. In the third quarter, American Financial Group showed an EPS of $2.24, compared to $2.71 from the year-ago quarter. The stock has a 52-week-high of $152.29 and a 52-week-low of $119.01. At the end of the last trading period, American Financial Group closed at $137.31.

BMO Capital initiated coverage on The Hanover Insurance Group Inc THG with a Market Perform rating. The price target for Hanover Insurance Gr is set to $141.00. In the third quarter, Hanover Insurance Gr showed an EPS of $0.99, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $155.55 and a 52-week-low of $123.36. At the end of the last trading period, Hanover Insurance Gr closed at $128.41.

BMO Capital initiated coverage on RenaissanceRe Holdings Ltd RNR with a Market Perform rating. The price target for RenaissanceRe Holdings is set to $187.00. RenaissanceRe Holdings earned $9.27 in the third quarter, compared to $8.98 in the year-ago quarter. The stock has a 52-week-high of $199.85 and a 52-week-low of $124.18. At the end of the last trading period, RenaissanceRe Holdings closed at $195.07.

BMO Capital initiated coverage on The Hartford Financial Services Group Inc HIG with a Market Perform rating. The price target for Hartford Finl Servs Gr is set to $77.00. In the third quarter, Hartford Finl Servs Gr showed an EPS of $1.44, compared to $1.26 from the year-ago quarter. The stock has a 52-week-high of $79.44 and a 52-week-low of $60.16. At the end of the last trading period, Hartford Finl Servs Gr closed at $74.31.

BMO Capital initiated coverage on Selective Insurance Group Inc SIGI with a Market Perform rating. The price target for Selective Insurance Gr is set to $90.00. For the third quarter, Selective Insurance Gr had an EPS of $0.99, compared to year-ago quarter EPS of $1.18. At the moment, the stock has a 52-week-high of $98.80 and a 52-week-low of $66.81. Selective Insurance Gr closed at $89.75 at the end of the last trading period.

BMO Capital initiated coverage on Arch Capital Group Ltd ACGL with a Market Perform rating. The price target for Arch Capital Group is set to $65.00. Arch Capital Group earned $0.28 in the third quarter, compared to $0.74 in the year-ago quarter. The stock has a 52-week-high of $64.37 and a 52-week-low of $41.05. At the end of the last trading period, Arch Capital Group closed at $63.39.

BMO Capital initiated coverage on Cincinnati Financial Corp CINF with a Market Perform rating. The price target for Cincinnati Financial is set to $106.00. For the third quarter, Cincinnati Financial had an EPS of $0.73, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $143.22 and a 52-week-low of $88.66. At the end of the last trading period, Cincinnati Financial closed at $101.15.

BMO Capital initiated coverage on Chubb Ltd CB with a Market Perform rating. The price target for Chubb is set to $225.00. In the third quarter, Chubb showed an EPS of $3.17, compared to $2.64 from the year-ago quarter. The current stock performance of Chubb shows a 52-week-high of $230.27 and a 52-week-low of $173.78. Moreover, at the end of the last trading period, the closing price was at $219.25.

With a Market Perform rating, BMO Capital initiated coverage on Willis Towers Watson PLC WTW. The price target seems to have been set at $260.00 for Willis Towers Watson. In the third quarter, Willis Towers Watson showed an EPS of $2.20, compared to $1.73 from the year-ago quarter. The stock has a 52-week-high of $258.43 and a 52-week-low of $187.89. At the end of the last trading period, Willis Towers Watson closed at $251.72.

BMO Capital initiated coverage on Kinsale Capital Group Inc KNSL with an Underperform rating. The price target for Kinsale Capital Gr is set to $230.00. For the third quarter, Kinsale Capital Gr had an EPS of $1.64, compared to year-ago quarter EPS of $1.59. The stock has a 52-week-high of $334.99 and a 52-week-low of $180.05. At the end of the last trading period, Kinsale Capital Gr closed at $276.41.

See all analyst ratings initiations.