Benzinga's Top Ratings Upgrades, Downgrades For August 30, 2023
Portfolio Pulse from Benzinga Insights
Several companies have had their ratings upgraded, downgraded, or initiated by various financial institutions. Upgrades include PDD Holdings, UDR Inc, Sunrun Inc, and Hercules Capital Inc. Downgrades include Box Inc, Ambarella Inc, Highwoods Properties Inc, Peloton Interactive Inc, BanColombia SA, Centene Corp, Texas Instruments Inc, Abcam PLC, and Thorne HealthTech Inc. New coverage has been initiated for BCB Bancorp Inc, Macatawa Bank Corp, Cognex Corp, AZZ Inc, Gulfport Energy Corp, Align Technology Inc, Stem Inc, Fluence Energy Inc, and Atour Lifestyle Holdings Ltd.
August 30, 2023 | 3:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Abcam PLC has been downgraded from Outperform to Market Perform by SVB Leerink.
The downgrade from SVB Leerink could lead to decreased investor confidence and a potential decrease in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Ambarella Inc has been 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.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Box Inc has been downgraded from Buy to Hold by Craig-Hallum.
The downgrade from Craig-Hallum could lead to decreased investor confidence and a potential decrease in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
BanColombia SA has been downgraded from Outperform to Market Perform by Itau BBA.
The downgrade from Itau BBA could lead to decreased investor confidence and a potential decrease in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Centene Corp has been downgraded from Overweight to Equal-Weight by Morgan Stanley.
The downgrade from Morgan Stanley could lead to decreased investor confidence and a potential decrease in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Highwoods Properties Inc has been downgraded from Overweight to Equal-Weight by Wells Fargo.
The downgrade from Wells Fargo could lead to decreased investor confidence and a potential decrease in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Peloton Interactive Inc has been 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.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Thorne HealthTech Inc has been 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.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Texas Instruments Inc has been downgraded from Market Perform to Underperform by Bernstein.
The downgrade from Bernstein could lead to decreased investor confidence and a potential decrease in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Citigroup has initiated coverage on Cognex Corp with a Neutral rating.
The initiation of coverage by Citigroup could lead to increased investor confidence, but the Neutral rating suggests that the stock price may not change significantly.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Barclays has initiated coverage on Stem Inc with a Equal-Weight rating.
The initiation of coverage by Barclays could lead to increased investor confidence, but the Equal-Weight rating suggests that the stock price may not change significantly.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
HSBC has initiated coverage on Align Technology Inc with a Buy rating.
The initiation of coverage by HSBC could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley has initiated coverage on Atour Lifestyle Holdings Ltd with an Overweight rating.
The initiation of coverage by Morgan Stanley could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
B. Riley Securities has initiated coverage on AZZ Inc with a Buy rating.
The initiation of coverage by B. Riley Securities could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Janney Montgomery Scott has initiated coverage on BCB Bancorp Inc with a Buy rating.
The initiation of coverage by Janney Montgomery Scott could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Barclays has initiated coverage on Fluence Energy Inc with an Overweight rating.
The initiation of coverage by Barclays could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Evercore ISI Group has initiated coverage on Gulfport Energy Corp with an Outperform rating.
The initiation of coverage by Evercore ISI Group could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Hercules Capital Inc has been upgraded from Neutral to Buy by Compass Point.
The upgrade from Compass Point could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Janney Montgomery Scott has initiated coverage on Macatawa Bank Corp with a Buy rating.
The initiation of coverage by Janney Montgomery Scott could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
PDD Holdings Inc has been upgraded from Neutral to Buy by Goldman Sachs.
The upgrade from Goldman Sachs could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Sunrun Inc has been upgraded from Neutral to Buy by Citigroup.
The upgrade from Citigroup could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
UDR Inc has been upgraded from Sector Perform to Sector Outperform by Scotiabank.
The upgrade from Scotiabank could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100