Benzinga's Top Ratings Upgrades, Downgrades For September 11, 2023
Portfolio Pulse from Benzinga Insights
Several companies have seen their ratings upgraded, downgraded, or initiated by various financial institutions. Upgrades include Brown-Forman Corp, Nu Holdings Ltd, Kenvue Inc, DoorDash Inc, Tenable Holdings Inc, and Tesla Inc. Downgrades include Brunswick Corp and Rent the Runway Inc. New coverage has been initiated for Itron Inc, Build-A-Bear Workshop Inc, Context Therapeutics Inc, Innovative Eyewear Inc, Mamas Creations Inc, Red Rock Resorts Inc, WEC Energy Group Inc, Forza X1 Inc, Raymond James Financial Inc, Ecovyst Inc, H.B. Fuller Co, SharkNinja Inc, and Blue Bird Corp.

September 11, 2023 | 3:00 pm
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POSITIVE IMPACT
Northland Capital Markets initiated coverage on Build-A-Bear Workshop Inc with an Outperform rating.
The initiation of coverage by Northland Capital Markets with an Outperform rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Brown-Forman Corp's rating was upgraded from Market Perform to Outperform by Bernstein.
The upgrade from Bernstein could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Barclays initiated coverage on Blue Bird Corp with an Overweight rating.
The initiation of coverage by Barclays with an Overweight rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Maxim Group initiated coverage on Context Therapeutics Inc with a Buy rating.
The initiation of coverage by Maxim Group with a Buy rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jefferies changed DoorDash Inc's rating from Underperform to Hold.
The upgrade from Jefferies could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Citigroup initiated coverage on Ecovyst Inc with a Buy rating.
The initiation of coverage by Citigroup with a Buy rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ThinkEquity initiated coverage on Forza X1 Inc with a Buy rating.
The initiation of coverage by ThinkEquity with a Buy rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Deutsche Bank upgraded Kenvue Inc's rating from Hold to Buy.
The upgrade from Deutsche Bank could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Maxim Group initiated coverage on Innovative Eyewear Inc with a Buy rating.
The initiation of coverage by Maxim Group with a Buy rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Craig-Hallum initiated coverage on Mamas Creations Inc with a Buy rating.
The initiation of coverage by Craig-Hallum with a Buy rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JP Morgan upgraded Nu Holdings Ltd's rating from Neutral to Overweight.
The upgrade from JP Morgan could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
B of A Securities initiated coverage on Raymond James Financial Inc with a Buy rating.
The initiation of coverage by B of A Securities with a Buy rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Susquehanna initiated coverage on Red Rock Resorts Inc with a Positive rating.
The initiation of coverage by Susquehanna with a Positive rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jefferies initiated coverage on SharkNinja Inc with a Buy rating.
The initiation of coverage by Jefferies with a Buy rating could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JP Morgan upgraded Tenable Holdings Inc's rating from Neutral to Overweight.
The upgrade from JP Morgan could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley changed Tesla Inc's rating from Equal-Weight to Overweight.
The upgrade from Morgan Stanley could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Citigroup initiated coverage on H.B. Fuller Co with a Neutral rating.
The initiation of coverage by Citigroup with a Neutral rating could lead to increased investor interest, but the Neutral rating suggests the stock price may remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Guggenheim initiated coverage on Itron Inc with a Neutral rating.
The initiation of coverage by Guggenheim could lead to increased investor interest, but the Neutral rating suggests the stock price may remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ladenburg Thalmann initiated coverage on WEC Energy Group Inc with a Neutral rating.
The initiation of coverage by Ladenburg Thalmann with a Neutral rating could lead to increased investor interest, but the Neutral rating suggests the stock price may remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
JP Morgan downgraded Brunswick Corp's rating from Overweight to Neutral.
The downgrade from JP Morgan could lead to decreased investor confidence and potentially a drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wolfe Research downgraded Evergy Inc's rating from Outperform to Peer Perform.
The downgrade from Wolfe Research could lead to decreased investor confidence and potentially a drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Telsey Advisory Group and Raymond James downgraded Rent the Runway Inc's rating from Outperform to Market Perform.
The downgrade from Telsey Advisory Group and Raymond James could lead to decreased investor confidence and potentially a drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100