Benzinga's Top Ratings Upgrades, Downgrades For August 30, 2023
Upgrades
Goldman Sachs upgraded the previous rating for PDD Holdings Inc (NASDAQ:PDD) from Neutral to Buy. PDD Holdings earned $1.44 in the second quarter, compared to $1.13 in the year-ago quarter. The current stock performance of PDD Holdings shows a 52-week-high of $106.38 and a 52-week-low of $38.80. Moreover, at the end of the last trading period, the closing price was at $93.22.
For UDR Inc (NYSE:UDR), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. For the second quarter, UDR had an EPS of $0.61, compared to year-ago quarter EPS of $0.57. The current stock performance of UDR shows a 52-week-high of $48.31 and a 52-week-low of $37.18. Moreover, at the end of the last trading period, the closing price was at $39.76.
For Sunrun Inc (NASDAQ:RUN), Citigroup upgraded the previous rating of Neutral to Buy. In the second quarter, Sunrun showed an EPS of $0.25, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $39.10 and a 52-week-low of $13.30. At the end of the last trading period, Sunrun closed at $15.16.
Compass Point upgraded the previous rating for Hercules Capital Inc (NYSE:HTGC) from Neutral to Buy. In the second quarter, Hercules Capital showed an EPS of $0.53, compared to $0.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.05 and a 52-week-low of $10.94. Hercules Capital closed at $16.33 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
Craig-Hallum downgraded the previous rating for Box Inc (NYSE:BOX) from Buy to Hold. In the second quarter, Box showed an EPS of $0.36, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.98 and a 52-week-low of $24.01. Box closed at $30.80 at the end of the last trading period.
TD Cowen downgraded the previous rating for Ambarella Inc (NASDAQ:AMBA) from Outperform to Market Perform. For the second quarter, Ambarella had an EPS of $0.15, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $99.86 and a 52-week-low of $49.02. Ambarella closed at $75.78 at the end of the last trading period.
According to Wells Fargo, the prior rating for Highwoods Properties Inc (NYSE:HIW) was changed from Overweight to Equal-Weight. In the second quarter, Highwoods Props showed an EPS of $0.94, compared to $1.00 from the year-ago quarter. The current stock performance of Highwoods Props shows a 52-week-high of $31.96 and a 52-week-low of $19.45. Moreover, at the end of the last trading period, the closing price was at $23.98.
Macquarie downgraded the previous rating for Peloton Interactive Inc (NASDAQ:PTON) from Outperform to Neutral. For the fourth quarter, Peloton Interactive had an EPS of $0.68, compared to year-ago quarter EPS of $1.32. At the moment, the stock has a 52-week-high of $17.83 and a 52-week-low of $5.05. Peloton Interactive closed at $6.08 at the end of the last trading period.
Itau BBA downgraded the previous rating for BanColombia SA (NYSE:CIB) from Outperform to Market Perform. BanColombia earned $1.37 in the second quarter, compared to $1.78 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.89 and a 52-week-low of $21.55. BanColombia closed at $27.63 at the end of the last trading period.
For Centene Corp (NYSE:CNC), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Centene showed an EPS of $2.10, compared to $1.77 from the year-ago quarter. The stock has a 52-week-high of $93.56 and a 52-week-low of $61.34. At the end of the last trading period, Centene closed at $64.44.
According to Bernstein, the prior rating for Texas Instruments Inc (NASDAQ:TXN) was changed from Market Perform to Underperform. Texas Instruments earned $1.87 in the second quarter, compared to $2.45 in the year-ago quarter. The current stock performance of Texas Instruments shows a 52-week-high of $188.12 and a 52-week-low of $145.98. Moreover, at the end of the last trading period, the closing price was at $170.69.
According to SVB Leerink, the prior rating for Abcam PLC (NASDAQ:ABCM) was changed from Outperform to Market Perform. NoneThe current stock performance of Abcam shows a 52-week-high of $25.32 and a 52-week-low of $12.48. Moreover, at the end of the last trading period, the closing price was at $22.67.
According to TD Cowen, the prior rating for Thorne HealthTech Inc (NASDAQ:THRN) was changed from Outperform to Market Perform. Thorne HealthTech earned $0.15 in the second quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $10.14 and a 52-week-low of $3.46. At the end of the last trading period, Thorne HealthTech closed at $10.09.
See all analyst ratings downgrades.
Initiations
Janney Montgomery Scott initiated coverage on BCB Bancorp Inc (NASDAQ:BCBP) with a Buy rating. BCB Bancorp earned $0.50 in the second quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $20.17 and a 52-week-low of $9.97. At the end of the last trading period, BCB Bancorp closed at $11.45.
Janney Montgomery Scott initiated coverage on Macatawa Bank Corp (NASDAQ:MCBC) with a Buy rating. The price target for Macatawa Bank is set to $11.00. Macatawa Bank earned $0.30 in the second quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $11.84 and a 52-week-low of $6.96. At the end of the last trading period, Macatawa Bank closed at $9.13.
Citigroup initiated coverage on Cognex Corp (NASDAQ:CGNX) with a Neutral rating. The price target for Cognex is set to $52.00. Cognex earned $0.32 in the second quarter, compared to $0.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $59.51 and a 52-week-low of $40.25. Cognex closed at $47.84 at the end of the last trading period.
B. Riley Securities initiated coverage on AZZ Inc (NYSE:AZZ) with a Buy rating. The price target for AZZ is set to $64.00. In the first quarter, AZZ showed an EPS of $1.14, compared to $1.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $49.76 and a 52-week-low of $30.24. AZZ closed at $49.68 at the end of the last trading period.
Evercore ISI Group initiated coverage on Gulfport Energy Corp (NYSE:GPOR) with an Outperform rating. The price target for Gulfport Energy is set to $135.00. In the second quarter, Gulfport Energy showed an EPS of $2.66, compared to $5.09 from the year-ago quarter. The current stock performance of Gulfport Energy shows a 52-week-high of $116.04 and a 52-week-low of $60.15. Moreover, at the end of the last trading period, the closing price was at $114.60.
HSBC initiated coverage on Align Technology Inc (NASDAQ:ALGN) with a Buy rating. The price target for Align Tech is set to $450.00. In the second quarter, Align Tech showed an EPS of $2.22, compared to $2.00 from the year-ago quarter. The stock has a 52-week-high of $413.20 and a 52-week-low of $172.29. At the end of the last trading period, Align Tech closed at $367.62.
Barclays initiated coverage on Stem Inc (NYSE:STEM) with a Equal-Weight rating. The price target for Stem is set to $6.00. For the second quarter, Stem had an EPS of $0.26, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $18.01 and a 52-week-low of $3.71. Stem closed at $5.44 at the end of the last trading period.
With an Overweight rating, Barclays initiated coverage on Fluence Energy Inc (NASDAQ:FLNC). The price target seems to have been set at $31.00 for Fluence Energy. For the third quarter, Fluence Energy had an EPS of $0.20, compared to year-ago quarter EPS of $0.86. The stock has a 52-week-high of $31.32 and a 52-week-low of $11.91. At the end of the last trading period, Fluence Energy closed at $26.07.
Morgan Stanley initiated coverage on Atour Lifestyle Holdings Ltd (NASDAQ:ATAT) with an Overweight rating. The price target for Atour Lifestyle Holdings is set to $36.00. The current stock performance of Atour Lifestyle Holdings shows a 52-week-high of $29.40 and a 52-week-low of $11.05. Moreover, at the end of the last trading period, the closing price was at $19.78.