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

Upgrades

For ONE Gas Inc (NYSE: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NASDAQ: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 (NASDAQ: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NYSE: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 (NYSE: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 (NYSE: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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NASDAQ: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 (NASDAQ: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NASDAQ: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.