Benzinga's Top Ratings Upgrades, Downgrades For January 30, 2023

Upgrades

According to B of A Securities, the prior rating for Flowserve Corp FLS was changed from Neutral to Buy. Flowserve earned $0.09 in the third quarter, compared to $0.29 in the year-ago quarter. The current stock performance of Flowserve shows a 52-week-high of $37.59 and a 52-week-low of $23.89. Moreover, at the end of the last trading period, the closing price was at $33.39.

Compass Point upgraded the previous rating for Federal Realty Investment Trust FRT from Neutral to Buy. Federal Realty Investment earned $1.59 in the third quarter, compared to $1.51 in the year-ago quarter. The stock has a 52-week-high of $128.13 and a 52-week-low of $86.43. At the end of the last trading period, Federal Realty Investment closed at $111.38.

Cowen & Co. upgraded the previous rating for Regeneron Pharmaceuticals Inc REGN from Market Perform to Outperform. In the third quarter, Regeneron Pharmaceuticals showed an EPS of $11.14, compared to $15.37 from the year-ago quarter. The stock has a 52-week-high of $779.00 and a 52-week-low of $538.01. At the end of the last trading period, Regeneron Pharmaceuticals closed at $742.83.

According to DZ Bank, the prior rating for Lockheed Martin Corp LMT was changed from Hold to Buy. For the fourth quarter, Lockheed Martin had an EPS of $7.79, compared to year-ago quarter EPS of $7.47. At the moment, the stock has a 52-week-high of $498.95 and a 52-week-low of $373.67. Lockheed Martin closed at $459.60 at the end of the last trading period.

Roth Capital upgraded the previous rating for Shopify Inc SHOP from Neutral to Buy. Shopify earned $0.02 in the third quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Shopify shows a 52-week-high of $988.50 and a 52-week-low of $23.63. Moreover, at the end of the last trading period, the closing price was at $50.08.

According to Deutsche Bank, the prior rating for Axalta Coating Systems Ltd AXTA was changed from Hold to Buy. For the fourth quarter, Axalta Coating Sys had an EPS of $0.38, compared to year-ago quarter EPS of $0.30. The current stock performance of Axalta Coating Sys shows a 52-week-high of $30.31 and a 52-week-low of $20.66. Moreover, at the end of the last trading period, the closing price was at $29.27.

Piper Sandler upgraded the previous rating for Stellar Bancorp Inc STEL from Neutral to Overweight. The stock has a 52-week-high of $36.09 and a 52-week-low of $25.49. At the end of the last trading period, Stellar Bancorp closed at $25.85.

For Axalta Coating Systems Ltd AXTA, Citigroup upgraded the previous rating of Neutral to Buy. Axalta Coating Sys earned $0.38 in the fourth quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $30.31 and a 52-week-low of $20.66. At the end of the last trading period, Axalta Coating Sys closed at $29.27.

For Okta Inc OKTA, Stifel upgraded the previous rating of Hold to Buy. In the third quarter, Okta showed an EPS of $0.00, compared to $0.07 from the year-ago quarter. The current stock performance of Okta shows a 52-week-high of $203.79 and a 52-week-low of $44.12. Moreover, at the end of the last trading period, the closing price was at $71.38.

Morgan Stanley upgraded the previous rating for Colgate-Palmolive Co CL from Equal-Weight to Overweight. In the fourth quarter, Colgate-Palmolive showed an EPS of $0.77, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $83.81 and a 52-week-low of $67.84. At the end of the last trading period, Colgate-Palmolive closed at $71.59.

For Tesla Inc TSLA, Berenberg upgraded the previous rating of Hold to Buy. In the fourth quarter, Tesla showed an EPS of $1.19, compared to $0.85 from the year-ago quarter. The current stock performance of Tesla shows a 52-week-high of $384.29 and a 52-week-low of $101.81. Moreover, at the end of the last trading period, the closing price was at $177.90.

For Kemper Corp KMPR, Credit Suisse upgraded the previous rating of Underperform to Neutral. In the third quarter, Kemper showed an EPS of $0.48, compared to $1.19 from the year-ago quarter. At the moment, the stock has a 52-week-high of $60.95 and a 52-week-low of $40.65. Kemper closed at $55.88 at the end of the last trading period.

JP Morgan upgraded the previous rating for G1 Therapeutics Inc GTHX from Underweight to Neutral. In the third quarter, G1 Therapeutics showed an EPS of $0.59, compared to $1.00 from the year-ago quarter. The stock has a 52-week-high of $17.49 and a 52-week-low of $3.84. At the end of the last trading period, G1 Therapeutics closed at $6.71.

See all analyst ratings upgrades.

Downgrades

For Eastman Chemical Co EMN, Vertical Research downgraded the previous rating of Buy to Hold. For the fourth quarter, Eastman Chemical had an EPS of $0.89, compared to year-ago quarter EPS of $1.81. At the moment, the stock has a 52-week-high of $124.84 and a 52-week-low of $69.91. Eastman Chemical closed at $86.82 at the end of the last trading period.

According to Keefe, Bruyette & Woods, the prior rating for First Interstate BancSystem Inc FIBK was changed from Outperform to Market Perform. For the fourth quarter, First Interstate BancSys had an EPS of $0.82, compared to year-ago quarter EPS of $0.83. The current stock performance of First Interstate BancSys shows a 52-week-high of $46.34 and a 52-week-low of $32.40. Moreover, at the end of the last trading period, the closing price was at $33.62.

For Goodyear Tire & Rubber Co GT, Exane BNP Paribas downgraded the previous rating of Neutral to Underperform. Goodyear Tire & Rubber earned $0.40 in the third quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $22.66 and a 52-week-low of $9.66. At the end of the last trading period, Goodyear Tire & Rubber closed at $11.10.

Janney Montgomery Scott downgraded the previous rating for First Interstate BancSystem Inc FIBK from Buy to Neutral. First Interstate BancSys earned $0.82 in the fourth quarter, compared to $0.83 in the year-ago quarter. The stock has a 52-week-high of $46.34 and a 52-week-low of $32.40. At the end of the last trading period, First Interstate BancSys closed at $33.62.

Morgan Stanley downgraded the previous rating for Celularity Inc CELU from Equal-Weight to Underweight. For the third quarter, Celularity had an EPS of $0.03, compared to year-ago quarter EPS of $0.40. At the moment, the stock has a 52-week-high of $13.19 and a 52-week-low of $0.89. Celularity closed at $1.05 at the end of the last trading period.

According to Compass Point, the prior rating for Tanger Factory Outlet Centers Inc SKT was changed from Buy to Neutral. In the third quarter, Tanger Factory Outlet showed an EPS of $0.47, compared to $0.47 from the year-ago quarter. The current stock performance of Tanger Factory Outlet shows a 52-week-high of $19.91 and a 52-week-low of $13.26. Moreover, at the end of the last trading period, the closing price was at $19.26.

According to B of A Securities, the prior rating for The AZEK Co Inc AZEK was changed from Buy to Neutral. In the fourth quarter, AZEK Co showed an EPS of $0.16, compared to $0.32 from the year-ago quarter. The current stock performance of AZEK Co shows a 52-week-high of $35.05 and a 52-week-low of $15.12. Moreover, at the end of the last trading period, the closing price was at $23.95.

According to Janney Montgomery Scott, the prior rating for Eastern Bankshares Inc EBC was changed from Buy to Neutral. For the fourth quarter, Eastern Bankshares had an EPS of $0.31, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $22.35 and a 52-week-low of $15.25. At the end of the last trading period, Eastern Bankshares closed at $16.01.

B of A Securities downgraded the previous rating for Fortune Brands Innovations Inc FBIN from Neutral to Underperform. At the moment, the stock has a 52-week-high of $63.95 and a 52-week-low of $49.51. Fortune Brands closed at $63.06 at the end of the last trading period.

For Kinross Gold Corp KGC, Barclays downgraded the previous rating of Overweight to Equal-Weight. Kinross Gold earned $0.05 in the third quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.34 and a 52-week-low of $3.00. Kinross Gold closed at $4.79 at the end of the last trading period.

According to B of A Securities, the prior rating for Cyteir Therapeutics Inc CYT was changed from Buy to Neutral. Cyteir Therapeutics earned $0.31 in the third quarter, compared to $0.33 in the year-ago quarter. The current stock performance of Cyteir Therapeutics shows a 52-week-high of $7.31 and a 52-week-low of $1.13. Moreover, at the end of the last trading period, the closing price was at $1.71.

Baird downgraded the previous rating for Varonis Systems Inc VRNS from Outperform to Neutral. In the third quarter, Varonis Systems showed an EPS of $0.05, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.60 and a 52-week-low of $15.61. Varonis Systems closed at $26.73 at the end of the last trading period.

For Eastman Chemical Co EMN, Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. In the fourth quarter, Eastman Chemical showed an EPS of $0.89, compared to $1.81 from the year-ago quarter. The stock has a 52-week-high of $124.84 and a 52-week-low of $69.91. At the end of the last trading period, Eastman Chemical closed at $86.82.

For Boot Barn Holdings Inc BOOT, Baird downgraded the previous rating of Outperform to Neutral. Boot Barn Holdings earned $1.74 in the third quarter, compared to $2.23 in the year-ago quarter. The current stock performance of Boot Barn Holdings shows a 52-week-high of $105.66 and a 52-week-low of $50.20. Moreover, at the end of the last trading period, the closing price was at $86.18.

For General Motors Co GM, Berenberg downgraded the previous rating of Buy to Hold. General Motors earned $2.25 in the third quarter, compared to $1.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.55 and a 52-week-low of $30.33. General Motors closed at $37.95 at the end of the last trading period.

For Edwards Lifesciences Corp EW, Piper Sandler downgraded the previous rating of Overweight to Neutral. Edwards Lifesciences earned $0.61 in the third quarter, compared to $0.54 in the year-ago quarter. The current stock performance of Edwards Lifesciences shows a 52-week-high of $131.10 and a 52-week-low of $67.13. Moreover, at the end of the last trading period, the closing price was at $78.14.

According to Credit Suisse, the prior rating for Saia Inc SAIA was changed from Outperform to Neutral. Saia earned $3.67 in the third quarter, compared to $2.86 in the year-ago quarter. The stock has a 52-week-high of $304.49 and a 52-week-low of $168.03. At the end of the last trading period, Saia closed at $272.75.

Credit Suisse downgraded the previous rating for Old Dominion Freight Line Inc ODFL from Neutral to Underperform. In the third quarter, Old Dominion Freight Line showed an EPS of $3.36, compared to $2.47 from the year-ago quarter. The current stock performance of Old Dominion Freight Line shows a 52-week-high of $337.96 and a 52-week-low of $231.31. Moreover, at the end of the last trading period, the closing price was at $333.79.

Keybanc downgraded the previous rating for Lulus Fashion Lounge Holdings Inc LVLU from Overweight to Sector Weight. Lulus Fashion Lounge earned $0.02 in the third quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $21.29 and a 52-week-low of $2.16. At the end of the last trading period, Lulus Fashion Lounge closed at $3.04.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on Aterian Inc ATER. The price target seems to have been set at $3.00 for Aterian. Aterian earned $0.21 in the third quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $7.26 and a 52-week-low of $0.67. At the end of the last trading period, Aterian closed at $1.36.

With a Buy rating, Lake Street initiated coverage on Tremor International Ltd TRMR. The price target seems to have been set at $12.00 for Tremor Intl. For the third quarter, Tremor Intl had an EPS of $0.11, compared to year-ago quarter EPS of $0.21. The current stock performance of Tremor Intl shows a 52-week-high of $16.73 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $8.16.

With a Neutral rating, Citigroup initiated coverage on BRP Inc DOOO. The price target seems to have been set at $92.00 for BRP. For the third quarter, BRP had an EPS of $2.74, compared to year-ago quarter EPS of $1.18. The stock has a 52-week-high of $85.78 and a 52-week-low of $57.38. At the end of the last trading period, BRP closed at $81.47.

With a Buy rating, Dawson James initiated coverage on Genprex Inc GNPX. The price target seems to have been set at $3.00 for Genprex. Genprex earned $0.13 in the third quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Genprex shows a 52-week-high of $2.67 and a 52-week-low of $0.97. Moreover, at the end of the last trading period, the closing price was at $1.34.

With a Buy rating, Ascendiant Capital initiated coverage on Heart Test Laboratories Inc HSCS. The price target seems to have been set at $3.30 for Heart Test Laboratories. For the second quarter, Heart Test Laboratories had an EPS of $0.22, compared to year-ago quarter EPS of $0.31. The current stock performance of Heart Test Laboratories shows a 52-week-high of $6.00 and a 52-week-low of $0.71. Moreover, at the end of the last trading period, the closing price was at $0.87.

MoffettNathanson initiated coverage on Lyft Inc LYFT with a Market Perform rating. The price target for Lyft is set to $15.00. Lyft earned $0.10 in the third quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.65 and a 52-week-low of $9.66. Lyft closed at $16.18 at the end of the last trading period.

With an Outperform rating, MoffettNathanson initiated coverage on DoorDash Inc DASH. The price target seems to have been set at $79.00 for DoorDash. DoorDash earned $0.77 in the third quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $130.20 and a 52-week-low of $41.37. DoorDash closed at $58.63 at the end of the last trading period.

MoffettNathanson initiated coverage on Uber Technologies Inc UBER with an Outperform rating. The price target for Uber Technologies is set to $47.00. Uber Technologies earned $0.35 in the third quarter, compared to $0.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.56 and a 52-week-low of $19.89. Uber Technologies closed at $30.36 at the end of the last trading period.

JMP Securities initiated coverage on Independence Realty Trust Inc IRT with a Market Perform rating. In the third quarter, Independence Realty Trust showed an EPS of $0.28, compared to $0.21 from the year-ago quarter. The current stock performance of Independence Realty Trust shows a 52-week-high of $28.42 and a 52-week-low of $15.04. Moreover, at the end of the last trading period, the closing price was at $18.90.

Goldman Sachs initiated coverage on Macy's Inc M with a Buy rating. The price target for Macy's is set to $28.00. Macy's earned $0.52 in the third quarter, compared to $1.23 in the year-ago quarter. The stock has a 52-week-high of $28.21 and a 52-week-low of $15.10. At the end of the last trading period, Macy's closed at $23.08.

With a Equal-Weight rating, Wells Fargo initiated coverage on Accenture PLC ACN. The price target seems to have been set at $289.00 for Accenture. Accenture earned $3.08 in the first quarter, compared to $2.78 in the year-ago quarter. At the moment, the stock has a 52-week-high of $360.10 and a 52-week-low of $242.95. Accenture closed at $277.27 at the end of the last trading period.

With a Buy rating, EF Hutton initiated coverage on Xencor Inc XNCR. The price target seems to have been set at $42.00 for Xencor. For the third quarter, Xencor had an EPS of $0.55, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $35.92 and a 52-week-low of $19.36. At the end of the last trading period, Xencor closed at $32.50.

EF Hutton initiated coverage on Onfolio Holdings Inc ONFO with a Buy rating. The price target for Onfolio Holdings is set to $3.00. In the third quarter, Onfolio Holdings showed an EPS of $0.31, compared to $0.30 from the year-ago quarter.

SVB Leerink initiated coverage on Denali Therapeutics Inc DNLI with an Outperform rating. The price target for Denali Therapeutics is set to $50.00. Denali Therapeutics earned $0.84 in the third quarter, compared to $0.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.43 and a 52-week-low of $20.24. Denali Therapeutics closed at $31.47 at the end of the last trading period.

With a Market Perform rating, BMO Capital initiated coverage on Biomarin Pharmaceutical Inc BMRN. The price target seems to have been set at $107.00 for Biomarin Pharmaceutical. For the third quarter, Biomarin Pharmaceutical had an EPS of $0.04, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $117.77 and a 52-week-low of $70.73. Biomarin Pharmaceutical closed at $117.27 at the end of the last trading period.

BMO Capital initiated coverage on 4D Molecular Therapeutics Inc FDMT with an Outperform rating. The price target for 4D Molecular Therapeutics is set to $50.00. For the third quarter, 4D Molecular Therapeutics had an EPS of $0.79, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of $26.49 and a 52-week-low of $5.32. 4D Molecular Therapeutics closed at $21.26 at the end of the last trading period.

Goldman Sachs initiated coverage on Nordstrom Inc JWN with a Neutral rating. The price target for Nordstrom is set to $20.00. In the third quarter, Nordstrom showed an EPS of $0.20, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.59 and a 52-week-low of $15.53. Nordstrom closed at $18.42 at the end of the last trading period.

Goldman Sachs initiated coverage on Kohl's Corp KSS with a Sell rating. The price target for Kohl's is set to $27.00. For the third quarter, Kohl's had an EPS of $0.82, compared to year-ago quarter EPS of $1.65. At the moment, the stock has a 52-week-high of $63.74 and a 52-week-low of $23.38. Kohl's closed at $31.49 at the end of the last trading period.

With an Overweight rating, Piper Sandler initiated coverage on Penumbra Inc PEN. The price target seems to have been set at $275.00 for Penumbra. In the third quarter, Penumbra showed an EPS of $0.01, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $253.22 and a 52-week-low of $114.86. At the end of the last trading period, Penumbra closed at $250.44.

See all analyst ratings initiations.