Benzinga's Top Ratings Upgrades, Downgrades For January 23, 2023

Upgrades

For ONE Gas Inc OGS, Guggenheim upgraded the previous rating of Sell to Neutral. For the third quarter, ONE Gas had an EPS of $0.44, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $92.26 and a 52-week-low of $68.86. At the end of the last trading period, ONE Gas closed at $76.71.

Guggenheim upgraded the previous rating for FirstEnergy Corp FE from Neutral to Buy. In the third quarter, FirstEnergy showed an EPS of $0.79, compared to $0.82 from the year-ago quarter. The stock has a 52-week-high of $48.85 and a 52-week-low of $35.32. At the end of the last trading period, FirstEnergy closed at $42.20.

For Ribbon Communications Inc RBBN, WestPark Capital upgraded the previous rating of Hold to Buy. In the third quarter, Ribbon Comms showed an EPS of $0.02, compared to $0.11 from the year-ago quarter. The current stock performance of Ribbon Comms shows a 52-week-high of $5.47 and a 52-week-low of $2.19. Moreover, at the end of the last trading period, the closing price was at $3.26.

B of A Securities upgraded the previous rating for Wayfair Inc W from Underperform to Buy. In the third quarter, Wayfair showed an EPS of $2.11, compared to $0.14 from the year-ago quarter. The current stock performance of Wayfair shows a 52-week-high of $163.99 and a 52-week-low of $28.11. Moreover, at the end of the last trading period, the closing price was at $46.79.

According to B of A Securities, the prior rating for Coca-Cola Femsa SAB de CV KOF was changed from Neutral to Buy. Coca-Cola Femsa earned $1.03 in the third quarter, compared to $0.81 in the year-ago quarter. At the moment, the stock has a 52-week-high of $72.99 and a 52-week-low of $50.21. Coca-Cola Femsa closed at $70.81 at the end of the last trading period.

Exane BNP Paribas upgraded the previous rating for Western Digital Corp WDC from Underperform to Neutral. In the first quarter, Western Digital showed an EPS of $0.20, compared to $2.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $63.26 and a 52-week-low of $29.73. Western Digital closed at $38.46 at the end of the last trading period.

For Wayfair Inc W, Wedbush upgraded the previous rating of Neutral to Outperform. For the third quarter, Wayfair had an EPS of $2.11, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $163.99 and a 52-week-low of $28.11. Wayfair closed at $46.79 at the end of the last trading period.

Wells Fargo upgraded the previous rating for Murphy USA Inc MUSA from Equal-Weight to Overweight. In the third quarter, Murphy USA showed an EPS of $9.28, compared to $3.98 from the year-ago quarter. At the moment, the stock has a 52-week-high of $323.00 and a 52-week-low of $164.30. Murphy USA closed at $253.98 at the end of the last trading period.

According to Barclays, the prior rating for Skyworks Solutions Inc SWKS was changed from Equal-Weight to Overweight. In the fourth quarter, Skyworks Solutions showed an EPS of $3.02, compared to $2.62 from the year-ago quarter. The stock has a 52-week-high of $148.82 and a 52-week-low of $76.16. At the end of the last trading period, Skyworks Solutions closed at $103.06.

For Seagate Technology Holdings PLC STX, Barclays upgraded the previous rating of Equal-Weight to Overweight. For the first quarter, Seagate Tech Hldgs had an EPS of $0.48, compared to year-ago quarter EPS of $2.35. At the moment, the stock has a 52-week-high of $117.03 and a 52-week-low of $47.47. Seagate Tech Hldgs closed at $59.34 at the end of the last trading period.

Barclays upgraded the previous rating for Qualcomm Inc QCOM from Equal-Weight to Overweight. In the fourth quarter, Qualcomm showed an EPS of $3.13, compared to $2.55 from the year-ago quarter. The stock has a 52-week-high of $192.10 and a 52-week-low of $101.93. At the end of the last trading period, Qualcomm closed at $122.90.

For Advanced Micro Devices Inc AMD, Barclays upgraded the previous rating of Equal-Weight to Overweight. For the third quarter, Advanced Micro Devices had an EPS of $0.67, compared to year-ago quarter EPS of $0.73. The stock has a 52-week-high of $132.96 and a 52-week-low of $54.57. At the end of the last trading period, Advanced Micro Devices closed at $70.07.

Cowen & Co. upgraded the previous rating for Skechers USA Inc SKX from Market Perform to Outperform. In the third quarter, Skechers USA showed an EPS of $0.55, compared to $0.66 from the year-ago quarter. The stock has a 52-week-high of $49.89 and a 52-week-low of $31.28. At the end of the last trading period, Skechers USA closed at $46.62.

Jefferies upgraded the previous rating for Galapagos NV GLPG from Underperform to Hold. In the third quarter, Galapagos showed an EPS of $0.33, compared to $1.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.11 and a 52-week-low of $37.23. Galapagos closed at $45.82 at the end of the last trading period.

JP Morgan upgraded the previous rating for AssetMark Financial Holdings Inc AMK from Neutral to Overweight. In the third quarter, AssetMark Financial Hldgs showed an EPS of $0.47, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $25.65 and a 52-week-low of $16.88. At the end of the last trading period, AssetMark Financial Hldgs closed at $24.77.

According to JP Morgan, the prior rating for Sotera Health Co SHC was changed from Underweight to Neutral. For the third quarter, Sotera Health had an EPS of $0.23, compared to year-ago quarter EPS of $0.21. The current stock performance of Sotera Health shows a 52-week-high of $24.90 and a 52-week-low of $5.78. Moreover, at the end of the last trading period, the closing price was at $16.92.

According to JP Morgan, the prior rating for Wayfair Inc W was changed from Underweight to Overweight. Wayfair earned $2.11 in the third quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $163.99 and a 52-week-low of $28.11. Wayfair closed at $46.79 at the end of the last trading period.

Deutsche Bank upgraded the previous rating for Shopify Inc SHOP from Hold to Buy. For the third quarter, Shopify had an EPS of $0.02, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $1084.44 and a 52-week-low of $23.63. Shopify closed at $40.48 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Confluent Inc CFLT was changed from Hold to Buy. In the third quarter, Confluent showed an EPS of $0.13, compared to $0.17 from the year-ago quarter. The current stock performance of Confluent shows a 52-week-high of $81.11 and a 52-week-low of $16.48. Moreover, at the end of the last trading period, the closing price was at $21.45.

For PTC Inc PTC, Keybanc upgraded the previous rating of Sector Weight to Overweight. PTC earned $1.27 in the fourth quarter, compared to $1.10 in the year-ago quarter. The stock has a 52-week-high of $133.14 and a 52-week-low of $96.55. At the end of the last trading period, PTC closed at $129.95.

See all analyst ratings upgrades.

Downgrades

For PPG Industries Inc PPG, Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. PPG Indus earned $1.22 in the fourth quarter, compared to $1.26 in the year-ago quarter. The stock has a 52-week-high of $162.78 and a 52-week-low of $107.06. At the end of the last trading period, PPG Indus closed at $131.00.

Guggenheim downgraded the previous rating for NorthWestern Corp NWE from Neutral to Sell. NorthWestern earned $0.42 in the third quarter, compared to $0.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $63.06 and a 52-week-low of $48.68. NorthWestern closed at $55.66 at the end of the last trading period.

For OGE Energy Corp OGE, Guggenheim downgraded the previous rating of Buy to Neutral. For the third quarter, OGE Energy had an EPS of $1.31, compared to year-ago quarter EPS of $1.26. The current stock performance of OGE Energy shows a 52-week-high of $42.91 and a 52-week-low of $33.28. Moreover, at the end of the last trading period, the closing price was at $38.36.

For CenterPoint Energy Inc CNP, Guggenheim downgraded the previous rating of Buy to Neutral. In the third quarter, CenterPoint Energy showed an EPS of $0.32, compared to $0.33 from the year-ago quarter. The current stock performance of CenterPoint Energy shows a 52-week-high of $33.50 and a 52-week-low of $25.03. Moreover, at the end of the last trading period, the closing price was at $30.11.

For Ameren Corp AEE, Guggenheim downgraded the previous rating of Buy to Neutral. Ameren earned $1.74 in the third quarter, compared to $1.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $99.20 and a 52-week-low of $73.28. Ameren closed at $86.68 at the end of the last trading period.

According to Guggenheim, the prior rating for Alliant Energy Corp LNT was changed from Neutral to Sell. In the third quarter, Alliant Energy showed an EPS of $0.93, compared to $1.02 from the year-ago quarter. The stock has a 52-week-high of $65.37 and a 52-week-low of $47.19. At the end of the last trading period, Alliant Energy closed at $53.89.

For ALLETE Inc ALE, Guggenheim downgraded the previous rating of Neutral to Sell. In the third quarter, ALLETE showed an EPS of $0.59, compared to $0.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $68.46 and a 52-week-low of $47.77. ALLETE closed at $64.19 at the end of the last trading period.

According to Vertical Research, the prior rating for PPG Industries Inc PPG was changed from Buy to Hold. For the fourth quarter, PPG Indus had an EPS of $1.22, compared to year-ago quarter EPS of $1.26. The stock has a 52-week-high of $162.78 and a 52-week-low of $107.06. At the end of the last trading period, PPG Indus closed at $131.00.

According to Cowen & Co., the prior rating for Apollo Endosurgery Inc APEN was changed from Outperform to Market Perform. In the third quarter, Apollo Endosurgery showed an EPS of $0.28, compared to $0.23 from the year-ago quarter. The current stock performance of Apollo Endosurgery shows a 52-week-high of $10.30 and a 52-week-low of $3.49. Moreover, at the end of the last trading period, the closing price was at $9.84.

TD Securities downgraded the previous rating for Altice USA Inc ATUS from Buy to Hold. In the third quarter, Altice USA showed an EPS of $0.19, compared to $0.58 from the year-ago quarter. The stock has a 52-week-high of $16.17 and a 52-week-low of $3.68. At the end of the last trading period, Altice USA closed at $4.80.

Deutsche Bank downgraded the previous rating for Check Point Software Technologies Ltd CHKP from Buy to Hold. Check Point Software earned $1.77 in the third quarter, compared to $1.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $149.62 and a 52-week-low of $107.54. Check Point Software closed at $131.72 at the end of the last trading period.

According to Edward Jones, the prior rating for Motorola Solutions Inc MSI was changed from Buy to Hold. For the third quarter, Motorola Solns had an EPS of $3.00, compared to year-ago quarter EPS of $2.35. The current stock performance of Motorola Solns shows a 52-week-high of $275.16 and a 52-week-low of $195.18. Moreover, at the end of the last trading period, the closing price was at $255.31.

For FirstEnergy Corp FE, B of A Securities downgraded the previous rating of Neutral to Underperform. In the third quarter, FirstEnergy showed an EPS of $0.79, compared to $0.82 from the year-ago quarter. At the moment, the stock has a 52-week-high of $48.85 and a 52-week-low of $35.32. FirstEnergy closed at $42.20 at the end of the last trading period.

According to TD Securities, the prior rating for BCE Inc BCE was changed from Buy to Hold. In the third quarter, BCE showed an EPS of $0.67, compared to $0.65 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.34 and a 52-week-low of $39.88. BCE closed at $46.70 at the end of the last trading period.

Benchmark downgraded the previous rating for Range Resources Corp RRC from Buy to Hold. Range Resources earned $1.37 in the third quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $37.44 and a 52-week-low of $16.71. At the end of the last trading period, Range Resources closed at $26.53.

For Gildan Activewear Inc GIL, TD Securities downgraded the previous rating of Buy to Hold. In the third quarter, Gildan Activewear showed an EPS of $0.84, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $41.91 and a 52-week-low of $25.67. At the end of the last trading period, Gildan Activewear closed at $30.95.

Benchmark downgraded the previous rating for Southwestern Energy Co SWN from Buy to Hold. In the third quarter, Southwestern Energy showed an EPS of $0.32, compared to $0.24 from the year-ago quarter. The current stock performance of Southwestern Energy shows a 52-week-high of $9.87 and a 52-week-low of $3.81. Moreover, at the end of the last trading period, the closing price was at $5.79.

According to Barclays, the prior rating for Tapestry Inc TPR was changed from Overweight to Equal-Weight. Tapestry earned $0.79 in the first quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $44.09 and a 52-week-low of $26.39. Tapestry closed at $43.71 at the end of the last trading period.

According to Barclays, the prior rating for Veeco Instruments Inc VECO was changed from Overweight to Equal-Weight. In the third quarter, Veeco Instruments showed an EPS of $0.45, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $30.15 and a 52-week-low of $16.11. At the end of the last trading period, Veeco Instruments closed at $20.12.

According to Barclays, the prior rating for Applied Materials Inc AMAT was changed from Equal-Weight to Underweight. Applied Mat earned $2.03 in the fourth quarter, compared to $1.94 in the year-ago quarter. The current stock performance of Applied Mat shows a 52-week-high of $147.31 and a 52-week-low of $71.12. Moreover, at the end of the last trading period, the closing price was at $109.65.

Barclays downgraded the previous rating for Ingredion Inc INGR from Overweight to Equal-Weight. For the third quarter, Ingredion had an EPS of $1.73, compared to year-ago quarter EPS of $1.67. The stock has a 52-week-high of $105.24 and a 52-week-low of $78.81. At the end of the last trading period, Ingredion closed at $102.15.

According to MKM Partners, the prior rating for Zoom Video Communications Inc ZM was changed from Buy to Neutral. Zoom Video Comms earned $1.07 in the third quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $163.48 and a 52-week-low of $63.55. At the end of the last trading period, Zoom Video Comms closed at $69.50.

Citigroup downgraded the previous rating for Euronet Worldwide Inc EEFT from Buy to Neutral. In the third quarter, Euronet Worldwide showed an EPS of $2.74, compared to $1.77 from the year-ago quarter. The current stock performance of Euronet Worldwide shows a 52-week-high of $149.92 and a 52-week-low of $71.60. Moreover, at the end of the last trading period, the closing price was at $108.98.

For KLA Corp KLAC, Barclays downgraded the previous rating of Equal-Weight to Underweight. KLA earned $7.06 in the first quarter, compared to $4.64 in the year-ago quarter. The current stock performance of KLA shows a 52-week-high of $428.28 and a 52-week-low of $250.20. Moreover, at the end of the last trading period, the closing price was at $413.85.

For CrowdStrike Holdings Inc CRWD, Deutsche Bank downgraded the previous rating of Buy to Hold. CrowdStrike Holdings earned $0.40 in the third quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $242.00 and a 52-week-low of $92.25. At the end of the last trading period, CrowdStrike Holdings closed at $103.41.

According to Deutsche Bank, the prior rating for SentinelOne Inc S was changed from Buy to Hold. For the third quarter, SentinelOne had an EPS of $0.16, compared to year-ago quarter EPS of $0.15. The current stock performance of SentinelOne shows a 52-week-high of $48.46 and a 52-week-low of $12.69. Moreover, at the end of the last trading period, the closing price was at $14.38.

According to Deutsche Bank, the prior rating for Matterport Inc MTTR was changed from Buy to Hold. Matterport earned $0.09 in the third quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.56 and a 52-week-low of $2.37. Matterport closed at $3.06 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Workday Inc WDAY was changed from Buy to Hold. In the third quarter, Workday showed an EPS of $0.99, compared to $1.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $260.46 and a 52-week-low of $128.72. Workday closed at $173.40 at the end of the last trading period.

According to JP Morgan, the prior rating for Levi Strauss & Co LEVI was changed from Overweight to Neutral. Levi Strauss earned $0.40 in the third quarter, compared to $0.48 in the year-ago quarter. The current stock performance of Levi Strauss shows a 52-week-high of $24.22 and a 52-week-low of $13.57. Moreover, at the end of the last trading period, the closing price was at $16.35.

According to Barclays, the prior rating for Warner Music Group Corp WMG was changed from Overweight to Equal-Weight. In the fourth quarter, Warner Music Gr showed an EPS of $0.32, compared to $0.12 from the year-ago quarter. The current stock performance of Warner Music Gr shows a 52-week-high of $44.64 and a 52-week-low of $21.57. Moreover, at the end of the last trading period, the closing price was at $35.57.

According to Keybanc, the prior rating for American Tower Corp AMT was changed from Overweight to Sector Weight. For the third quarter, American Tower had an EPS of $2.36, compared to year-ago quarter EPS of $2.49. At the moment, the stock has a 52-week-high of $282.47 and a 52-week-low of $178.17. American Tower closed at $221.41 at the end of the last trading period.

According to Keybanc, the prior rating for Crown Castle Inc CCI was changed from Overweight to Sector Weight. Crown Castle earned $1.85 in the third quarter, compared to $1.77 in the year-ago quarter. The current stock performance of Crown Castle shows a 52-week-high of $199.97 and a 52-week-low of $121.71. Moreover, at the end of the last trading period, the closing price was at $148.12.

See all analyst ratings downgrades.

Initiations

FBN Securities initiated coverage on GitLab Inc GTLB with an Outperform rating. The price target for GitLab is set to $60.00. For the third quarter, GitLab had an EPS of $0.10, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $80.84 and a 52-week-low of $30.74. At the end of the last trading period, GitLab closed at $46.27.

Goldman Sachs initiated coverage on Sapiens International Corp NV SPNS with a Buy rating. The price target for Sapiens Intl Corp is set to $28.00. In the third quarter, Sapiens Intl Corp showed an EPS of $0.30, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.55 and a 52-week-low of $16.18. Sapiens Intl Corp closed at $21.51 at the end of the last trading period.

Goldman Sachs initiated coverage on Guidewire Software Inc GWRE with a Buy rating. The price target for Guidewire Software is set to $88.00. In the first quarter, Guidewire Software showed an EPS of $0.12, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $104.48 and a 52-week-low of $52.08. At the end of the last trading period, Guidewire Software closed at $69.98.

With an In-Line rating, Evercore ISI Group initiated coverage on Quest Diagnostics Inc DGX. The price target seems to have been set at $159.00 for Quest Diagnostics. In the third quarter, Quest Diagnostics showed an EPS of $2.36, compared to $3.96 from the year-ago quarter. The stock has a 52-week-high of $158.34 and a 52-week-low of $120.40. At the end of the last trading period, Quest Diagnostics closed at $145.43.

With a Buy rating, Mizuho initiated coverage on Rain Oncology Inc RAIN. The price target seems to have been set at $18.00 for Rain Oncology. In the third quarter, Rain Oncology showed an EPS of $0.68, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $14.48 and a 52-week-low of $2.15. At the end of the last trading period, Rain Oncology closed at $9.49.

Northland Capital Markets initiated coverage on Northwest Pipe Co NWPX with an Outperform rating. The price target for Northwest Pipe is set to $55.00. In the third quarter, Northwest Pipe showed an EPS of $1.05, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.62 and a 52-week-low of $24.30. Northwest Pipe closed at $34.60 at the end of the last trading period.

Seaport Global initiated coverage on Federal Agricultural Mortgage Corp AGM with a Buy rating. The price target for Federal Agricultural is set to $164.00. For the third quarter, Federal Agricultural had an EPS of $3.07, compared to year-ago quarter EPS of $2.55. The current stock performance of Federal Agricultural shows a 52-week-high of $130.03 and a 52-week-low of $90.38. Moreover, at the end of the last trading period, the closing price was at $123.93.

With a Buy rating, EF Hutton initiated coverage on Monopar Therapeutics Inc MNPR. The price target seems to have been set at $24.00 for Monopar Therapeutics. For the third quarter, Monopar Therapeutics had an EPS of $0.19, compared to year-ago quarter EPS of $0.20. The stock has a 52-week-high of $4.88 and a 52-week-low of $1.39. At the end of the last trading period, Monopar Therapeutics closed at $2.90.

Morgan Stanley initiated coverage on Planet Labs PBC PL with a Equal-Weight rating. The price target for Planet Labs is set to $6.00. For the third quarter, Planet Labs had an EPS of $0.15, compared to year-ago quarter EPS of $1.38. The stock has a 52-week-high of $7.51 and a 52-week-low of $3.70. At the end of the last trading period, Planet Labs closed at $4.93.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Flywire Corp FLYW. The price target seems to have been set at $26.00 for Flywire. Flywire earned $0.04 in the third quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.88 and a 52-week-low of $14.56. Flywire closed at $26.28 at the end of the last trading period.

See all analyst ratings initiations.