Benzinga's Top Ratings Upgrades, Downgrades For August 21, 2023
Portfolio Pulse from Benzinga Insights
Several companies have seen their ratings upgraded, downgraded, or initiated by various research firms. Upgrades include ArcBest Corp (ARCB), AppFolio Inc (APPF), Liberty SiriusXM Group (LSXMA), Insulet Corp (PODD), XPeng Inc (XPEV), Acushnet Holdings Corp (GOLF), and Cogent Communications Holdings Inc (CCOI). Downgrades include Full House Resorts Inc (FLL), Kanzhun Ltd (BZ), NAPCO Security Technologies Inc (NSSC), TRACON Pharmaceuticals Inc (TCON), Alpha Metallurgical Resources Inc (AMR), Medical Properties Trust Inc (MPW), Sarcos Technology & Robotics Corp (STRC), and Insulet Corp (PODD). Initiations include OptiNose Inc (OPTN), AZZ Inc (AZZ), Merus NV (MRUS), GameSquare Holdings Inc (GAME), Restaurant Brands International Inc (QSR), and FMC Corp (FMC).
August 21, 2023 | 3:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Alpha Metallurgical Resources Inc was downgraded from Outperform to Market Perform by TD Cowen.
The downgrade from TD Cowen could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Kanzhun Ltd was downgraded from Outperform to Neutral by Macquarie.
The downgrade from Macquarie could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Full House Resorts Inc was downgraded from Buy to Hold by CBRE.
The downgrade from CBRE could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Medical Properties Trust Inc was downgraded from Neutral to Underweight by JP Morgan.
The downgrade from JP Morgan could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NAPCO Security Technologies Inc was downgraded from Buy to Hold by Lake Street, B. Riley Securities, and William Blair.
The downgrade from Lake Street, B. Riley Securities, and William Blair could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sarcos Technology & Robotics Corp was downgraded from Buy to Hold by Jefferies.
The downgrade from Jefferies could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
TRACON Pharmaceuticals Inc was downgraded from Buy to Hold by JonesTrading.
The downgrade from JonesTrading could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
JP Morgan initiated coverage on FMC Corp with a Neutral rating.
The initiation of coverage by JP Morgan with a Neutral rating could lead to uncertainty among investors, potentially leading to neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Insulet Corp was upgraded from Neutral to Buy by Citigroup but downgraded from Outperform to Neutral by Baird.
The mixed ratings from Citigroup and Baird could lead to uncertainty among investors, potentially leading to neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AppFolio Inc was upgraded from Equal-Weight to Overweight by Stephens & Co.
The upgrade from Stephens & Co. could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
ArcBest Corp was upgraded from Peer Perform to Outperform by Wolfe Research.
The upgrade from Wolfe Research could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Noble Capital Markets initiated coverage on AZZ Inc with an Outperform rating.
The initiation of coverage by Noble Capital Markets with an Outperform rating could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Cogent Communications Holdings Inc was upgraded from Sell to Neutral by Goldman Sachs.
The upgrade from Goldman Sachs could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Roth MKM initiated coverage on GameSquare Holdings Inc with a Buy rating.
The initiation of coverage by Roth MKM with a Buy rating could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Acushnet Holdings Corp was upgraded from Hold to Buy by Jefferies.
The upgrade from Jefferies could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Liberty SiriusXM Group was upgraded from Neutral to Buy by Seaport Global.
The upgrade from Seaport Global could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
TD Cowen initiated coverage on Merus NV with an Outperform rating.
The initiation of coverage by TD Cowen with an Outperform rating could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Lake Street initiated coverage on OptiNose Inc with a Buy rating.
The initiation of coverage by Lake Street with a Buy rating could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
JP Morgan initiated coverage on Restaurant Brands International Inc with an Overweight rating.
The initiation of coverage by JP Morgan with an Overweight rating could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
XPeng Inc was upgraded from Neutral to Buy by B of A Securities.
The upgrade from B of A Securities could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100