Benzinga's Top Ratings Upgrades, Downgrades For August 30, 2023

Upgrades

Goldman Sachs upgraded the previous rating for PDD Holdings Inc 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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.

See all analyst ratings initiations.