Benzinga's Top Ratings Upgrades, Downgrades For September 1, 2023
Portfolio Pulse from Benzinga Insights
Several companies have had their ratings upgraded, downgraded, or initiated by various financial institutions. Upgrades include Eos Energy Enterprises, Papa John's International, MercadoLibre, Aramark, Vale, and AppFolio. Downgrades include Allot, British American Tobacco, Hersha Hospitality Trust, Dollar General, PagerDuty, Acer Therapeutics, and Kanzhun. New coverage was initiated for Ferguson, Camping World Holdings, Confluent, Veeco Instruments, Chicago Atlantic Real Estate Finance, Ecolab, P3 Health Partners, and Alamo Group.
September 01, 2023 | 3:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Acer Therapeutics was downgraded from Buy to Neutral by Roth MKM.
The downgrade from Roth MKM could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Allot was downgraded from Outperform to Market Perform by Northland Capital Markets.
The downgrade from Northland Capital Markets could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
British American Tobacco was downgraded from Buy to Hold by Argus Research.
The downgrade from Argus Research could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Kanzhun was downgraded from Buy to Neutral by UBS.
The downgrade from UBS could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dollar General was downgraded from Outperform to Neutral by Evercore ISI Group, from Buy to Hold by Loop Capital, and from Strong Buy to Outperform by Raymond James.
The multiple downgrades could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Hersha Hospitality Trust was downgraded from Buy to Neutral by B. Riley Securities.
The downgrade from B. Riley Securities could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PagerDuty was downgraded from Outperform to Neutral by Baird.
The downgrade from Baird could lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Berenberg initiated coverage on Ecolab with a Hold rating.
The initiation of coverage by Berenberg could lead to increased investor confidence but is unlikely to significantly impact the stock price due to the Hold rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Piper Sandler initiated coverage on Chicago Atlantic Real Estate Finance with a Neutral rating.
The initiation of coverage by Piper Sandler could lead to increased investor confidence but is unlikely to significantly impact the stock price due to the Neutral rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird initiated coverage on Alamo Group with an Outperform rating.
The initiation of coverage by Baird could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AppFolio was upgraded from Neutral to Buy by DA Davidson.
The upgrade from DA Davidson could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Aramark was upgraded from Neutral to Buy by Citigroup.
The upgrade from Citigroup could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Canaccord Genuity initiated coverage on Confluent with a Buy rating.
The initiation of coverage by Canaccord Genuity could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Citigroup initiated coverage on Camping World Holdings with a Buy rating.
The initiation of coverage by Citigroup could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Eos Energy Enterprises was upgraded from Neutral to Buy by Guggenheim.
The upgrade from Guggenheim could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Raymond James initiated coverage on Ferguson with an Outperform rating.
The initiation of coverage by Raymond James could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MercadoLibre was upgraded from Neutral to Buy by New Street Research.
The upgrade from New Street Research could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BTIG initiated coverage on P3 Health Partners with a Buy rating.
The initiation of coverage by BTIG could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Papa John's International was upgraded from Neutral to Outperform by Wedbush.
The upgrade from Wedbush could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vale was upgraded from Neutral to Overweight by JP Morgan.
The upgrade from JP Morgan could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham initiated coverage on Veeco Instruments with a Buy rating.
The initiation of coverage by Needham could lead to increased investor confidence and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100