BanColombia (NYSE:CIB) Stock, Quote.Headers.trade-ideas

BanColombia

BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Panama, El Salvador, the United States of America, Puerto Rico, Bermuda, and Guatemala.

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Analyst Ratings

Trading Ideas

Deutsche Bank AG (NYSE: DB) benefits from a strong balance sheet position and revenue growth. Its strong liquidity profile aids sustainable capital distribution activities. However, a rise in expenses and a deterioration in credit quality are concerning.

Deutsche Bank&#39;s Deposit Base Aids, Low Credit Quality Ails

ITUB

Itaú Unibanco Holding S.A. (NYSE: ITUB) has announced a corporate internal restructuring plan. This will include the merger of its wholly-owned subsidiary, Hipercard Banco Múltiplo S.A. (&#34;Hipercard&#34;), subject to approval from the Central Bank of Brazil.

Itau Unibanco Announces Merger Proposal With Hipercard

Short Ideas

On Thursday, shares of Bancolombia Sa (NYSE: CIB) experienced volatile short activity. After the activity, the stock price went down -2.56% to $26.61.

The overall sentiment for CIB has been Bearish.

Short Volatility Alert: Bancolombia Sa

BanColombia SA

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CIBL Inc

JP Morgan analyst Yuri Fernandes maintains BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) with a Underweight and raises the price target from $35 to $36.

Price Target

JP Morgan Maintains Underweight on BanColombia, Raises Price Target to $36

Deutsche Bank AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>) benefits from a strong balance sheet position and revenue growth. Its strong liquidity profile aids sustainable capital distribution activities. However, a rise in expenses and a deterioration in credit quality are concerning.
Deutsche Bank continues to benefit from its deposit balance. The metric has witnessed a 2% CAGR over the last five years (ending in 2023) and the trend continued in the first quarter of 2024. Furthermore, the bank benefits from a diverse deposit base that spans multiple client categories and geographic regions. Also, as of Mar 31, 2024, the company&#39;s loan-to-deposit ratio was 75.7%, indicating a robust and steady capital foundation. We believe that a stable deposit level will benefit its balance sheet.
DB remains focused on strengthening its capital position. As of Mar 31, 2024, the Common Equity Tier 1 (CET 1) ratio was 13.4%. Risk-weighted asset (RWA) reductions and strong organic capital generation enabled the bank to see improvement in the CET1 ratio. As of Mar 31, 2024, &euro;15 billion of RWA reductions have been achieved, out of the target to reach &euro;25-30 billion in reductions by 2025-end. It expects to maintain a CET 1 ratio of approximately 13% by 2025.
Net revenues recorded a CAGR of 2.7% over the last five years (ended 2023), with this upswing persisting in the first quarter of 2024. Management is shifting focus from investment banking to more stable and capital-light businesses, like private bank, corporate bank and asset management units.
Shares of this Zacks Rank #3 (Hold) company have gained 20% on the NYSE over the past three months compared with the industry&#39;s growth of 10.8%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4e/68122.jpg?v=1559669298" />
Image Source: Zacks Investment Research
The bank has seen a deterioration in its credit quality. Its provision for credit losses witnessed a CAGR of 23.4% over the last five years (ended 2023), with the rising trend continuing in the first quarter of 2024. The current volatile economic backdrop is expected to affect credit quality in the near term. We project provisions to be &euro;1.67 billion and &euro;3.91 billion in 2024 and 2025, respectively.
Due to the nature of its business, Deutsche Bank is involved in litigation, arbitration and regulatory processes in Germany as well as a number of other jurisdictions. The bank has already incurred considerable legal settlement fees, which have had a negative impact on its finances.
<h3>Bank Stocks Worth Considering</h3>
Some better-ranked foreign bank stocks are Banco Macro S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bma#NYSE">BMA</a>) and Bancolombia S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cib#NYSE">CIB</a>).
The consensus estimate for Banco Macro&#39;s current-year earnings has been revised 29.6% upward over the past 30 days. Over the past three months, shares of BMA have surged 69.9%. The stock currently sports a Zacks Rank #1 (Strong Buy).
Bancolombia S.A.&#39;s current-year earnings have been revised almost 1% upward over the past 30 days. Shares of CIB have gained 11.6% over the past three months. The stock currently carries a Zacks Rank #2 (Buy).
<a href="https://www.zacks.com/stock/news/2283456/deutsche-bank-s-db-deposit-base-aids-low-credit-quality-ails?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2283456">To read this article on Zacks.com click here.</a>

Deutsche Bank's Deposit Base Aids, Low Credit Quality Ails

Ita&uacute; Unibanco Holding S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/itub#NYSE">ITUB</a>) has announced a corporate internal restructuring plan. This will include the merger of its wholly-owned subsidiary, Hipercard Banco M&uacute;ltiplo S.A. (&quot;Hipercard&quot;), subject to approval from the Central Bank of Brazil. The cost associated with executing and implementing the transaction is estimated to be approximately R$180,000 ($34,843). 
As part of the effort, all activities currently managed by Hipercard, including the administration of bank cards, will be transferred to Ita&uacute; Unibanco. The primary purpose of this merger is to achieve greater synergy among the companies and activities of the ITUB conglomerate. This will help streamline costs and enhance efficiency. 
Following the completion of the transaction, Hipercard will be dissolved as an entity and its assets will be taken over by ITUB. This will lead to a reduction in maintenance costs, rationalization in administrative and commercial activities and an improvement in the overall corporate structure. 
Ita&uacute; Unibanco will take over Hipercard&#39;s equity worth R$2.68 billion ($518 million). The merger will not result in any increase in capital or the issuance of new shares of ITUB. There will be no exchange ratio. Also, rules relating to withdrawal rights for dissenting shareholders will not apply. Overall, the transaction will not have any financial impact on Ita&uacute; Unibanco. 
This strategic move highlights ITUB&#39;s ability to adapt to the trends of the rapidly evolving market and strengthen its competitive placement. Through such efforts, the company is well-poised to improve its market leadership and drive sustainable growth in the long run.
Over the past six months, the company&#39;s shares on the NYSE have lost 3.1% against the industry&#39;s growth of 14.4%. 
&nbsp;&nbsp;<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9d/67596.jpg?v=56193037" /> 
Image Source -&nbsp;Zacks Investment Research
At present, ITUB carries a Zacks Rank #3 (Hold).
<h3>Stocks to Consider</h3>
Some better-ranked foreign finance stocks are Bancolombia S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cib#NYSE">CIB</a>) and Banco Macro S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bma#NYSE">BMA</a>). 
Bancolombia S.A.&#39;s current-year earnings have been revised upward marginally over the past 30 days. Shares of CIB have gained 26.4% over the past six months. The stock currently sports a Zacks Rank #1 (Strong Buy). 
The consensus estimate for Banco Macro&#39;s current-year earnings have been revised 29.6% upward over the past 30 days. Over the past three months, shares of BMA have gained 46.5%. The stock currently flaunts a Zacks Rank #1.
<a href="https://www.zacks.com/stock/news/2280215/itau-unibanco-itub-announces-merger-proposal-with-hipercard?cid=CS-BENZ-FT-analyst_blog|company_news_-_finance_sector-2280215">To read this article on Zacks.com click here.</a>

B of A Securities analyst Ernesto Gabilondo reinstates BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) with a Neutral and announces $38 price target.

Initiation

B of A Securities Reinstates Neutral on BanColombia, Announces $38 Price Target

JP Morgan analyst Yuri Fernandes maintains BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) with a Underweight and raises the price target from $30 to $35.

JP Morgan Maintains Underweight on BanColombia, Raises Price Target to $35

Investors eagerly anticipate the dividend payout from Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) on January 01, 2024. With a payout of $0.71 per share and an annualized dividend yield of 6.61%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on December 14, 2023
<h3>Comerica Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-14</td>
<td style="text-align: right;">4</td>
<td>$0.71</td>
<td>6.61%</td>
<td>2023-11-07</td>
<td>2023-12-15</td>
<td>2024-01-01</td>
</tr>
<tr>
<td>2023-09-14</td>
<td style="text-align: right;">4</td>
<td>$0.71</td>
<td>5.48%</td>
<td>2023-07-25</td>
<td>2023-09-15</td>
<td>2023-10-01</td>
</tr>
<tr>
<td>2023-06-14</td>
<td style="text-align: right;">4</td>
<td>$0.71</td>
<td>6.66%</td>
<td>2023-04-25</td>
<td>2023-06-15</td>
<td>2023-07-01</td>
</tr>
<tr>
<td>2023-03-14</td>
<td style="text-align: right;">4</td>
<td>$0.71</td>
<td>4.05%</td>
<td>2023-02-28</td>
<td>2023-03-15</td>
<td>2023-04-01</td>
</tr>
<tr>
<td>2022-12-14</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>3.87%</td>
<td>2022-11-08</td>
<td>2022-12-15</td>
<td>2023-01-01</td>
</tr>
<tr>
<td>2022-09-14</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>3.44%</td>
<td>2022-07-26</td>
<td>2022-09-15</td>
<td>2022-10-01</td>
</tr>
<tr>
<td>2022-06-14</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>3.25%</td>
<td>2022-04-26</td>
<td>2022-06-15</td>
<td>2022-07-01</td>
</tr>
<tr>
<td>2022-03-14</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>2.84%</td>
<td>2022-02-23</td>
<td>2022-03-15</td>
<td>2022-04-01</td>
</tr>
<tr>
<td>2021-12-14</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>3.12%</td>
<td>2021-11-02</td>
<td>2021-12-15</td>
<td>2022-01-01</td>
</tr>
<tr>
<td>2021-09-14</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>4.01%</td>
<td>2021-07-27</td>
<td>2021-09-15</td>
<td>2021-10-01</td>
</tr>
<tr>
<td>2021-06-14</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>3.83%</td>
<td>2021-04-27</td>
<td>2021-06-15</td>
<td>2021-07-01</td>
</tr>
<tr>
<td>2021-03-12</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>3.99%</td>
<td>2021-02-23</td>
<td>2021-03-15</td>
<td>2021-04-01</td>
</tr>
</tbody>
</table>
When comparing Comerica's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) having the highest annualized dividend yield at 9.31%.
<h3>Analyzing Comerica Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704121531_0.png" alt="dividend chart graph" />
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $2.72 to $2.84. This signifies the company's commitment to consistently increasing shareholder dividends.
<h3>YoY Earnings Growth For Comerica</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704121531_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Comerica's earnings per share, from $3.63 in 2020 to $8.82 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Comerica and its significance for shareholders. The company has decided to distribute a dividend of $0.71 per share today, which equates to an annualized dividend yield of 6.61%.
When comparing Comerica's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer BanColombia having the highest annualized dividend yield at 9.31%.
Given that Comerica has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
\To read more news on Comerica <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Comerica Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards

Tuesday marks the last chance for investors to receive the next dividend payout from BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 88.35 cents per share. On Wednesday, BanColombia will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 88.35 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own CIB as of the end of Tuesday's session are eligible to receive the 88.35 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 12, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on BanColombia's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Tuesday Is Your Last Chance To Buy BanColombia Before The Dividend Payout

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Benzinga's Top Ratings Upgrades, Downgrades For October 16, 2023

BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) has observed the following analyst ratings within the last quarter: 
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
These 5 analysts have an average price target of $31.52 versus the current price of BanColombia at $25.25, implying upside.
Below is a summary of how these 5 analysts rated BanColombia over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1697464858_0.png" alt="price target chart" />
This current average represents a 14.81% decrease from the previous average price target of $37.00. 
<a href="https://www.benzinga.com/quote/CIB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on BanColombia analyst ratings.</a>
<h1>How Are Analyst Ratings Determined?</h1>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations for BanColombia's Future

Jefferies analyst Inigo Vega initiates coverage on BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) with a Hold rating and announces Price Target of $28.6.

Jefferies Initiates Coverage On BanColombia with Hold Rating, Announces Price Target of $28.6

BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) has observed the following analyst ratings within the last quarter: 
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
These 4 analysts have an average price target of $32.25 versus the current price of BanColombia at $27.115, implying upside.
Below is a summary of how these 4 analysts rated BanColombia over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1695308443_0.png" alt="price target chart" />
This current average has decreased by 12.84% from the previous average price target of $37.00. 
<a href="https://www.benzinga.com/quote/CIB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on BanColombia analyst ratings.</a>
<h1>How Are Analyst Ratings Determined?</h1>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where BanColombia Stands With Analysts

<h3>Upgrades</h3>
According to Truist Securities, the prior rating for International Paper Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IP#NYSE">IP</a>) was changed from Hold to Buy. In the second quarter, International Paper showed an EPS of $0.59, compared to $1.24 from the year-ago quarter. The current stock performance of International Paper shows a 52-week-high of $41.89 and a 52-week-low of $29.00. Moreover, at the end of the last trading period, the closing price was at $33.72. 
According to B of A Securities, the prior rating for Nutanix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) was changed from Neutral to Buy. Nutanix earned $0.24 in the fourth quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $36.71 and a 52-week-low of $19.97. At the end of the last trading period, Nutanix closed at $33.75. 
For Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), Seaport Global upgraded the previous rating of Neutral to Buy. For the second quarter, Enphase Energy had an EPS of $1.47, compared to year-ago quarter EPS of $1.07. The stock has a 52-week-high of $339.88 and a 52-week-low of $116.86. At the end of the last trading period, Enphase Energy closed at $123.97. 
For European Wax Center Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>), Piper Sandler upgraded the previous rating of Neutral to Overweight. European Wax Center earned $0.11 in the second quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $20.70 and a 52-week-low of $12.02. At the end of the last trading period, European Wax Center closed at $17.24. 
Baird upgraded the previous rating for HealthEquity Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) from Neutral to Outperform. HealthEquity earned $0.53 in the second quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.16 and a 52-week-low of $48.86. HealthEquity closed at $70.97 at the end of the last trading period. 
According to JP Morgan, the prior rating for New Jersey Resources Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NJR#NYSE">NJR</a>) was changed from Underweight to Neutral. New Jersey Resources earned $0.10 in the third quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $55.84 and a 52-week-low of $38.23. At the end of the last trading period, New Jersey Resources closed at $42.17. 
For Five9 Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Deutsche Bank upgraded the previous rating of Hold to Buy. For the second quarter, Five9 had an EPS of $0.52, compared to year-ago quarter EPS of $0.34. The current stock performance of Five9 shows a 52-week-high of $89.58 and a 52-week-low of $46.63. Moreover, at the end of the last trading period, the closing price was at $66.42. 
According to Morgan Stanley, the prior rating for Buenaventura Mining Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>) was changed from Equal-Weight to Overweight. Buenaventura Mining Co earned $0.03 in the second quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Buenaventura Mining Co shows a 52-week-high of $8.92 and a 52-week-low of $5.75. Moreover, at the end of the last trading period, the closing price was at $8.26. 
According to Keefe, Bruyette &amp; Woods, the prior rating for Truist Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) was changed from Market Perform to Outperform. Truist Finl earned $0.95 in the second quarter, compared to $1.20 in the year-ago quarter. The current stock performance of Truist Finl shows a 52-week-high of $53.34 and a 52-week-low of $25.56. Moreover, at the end of the last trading period, the closing price was at $28.37. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
According to William Blair, the prior rating for Splunk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPLK#NASDAQ">SPLK</a>) was changed from Outperform to Market Perform. Splunk earned $0.71 in the second quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Splunk shows a 52-week-high of $125.91 and a 52-week-low of $65.00. Moreover, at the end of the last trading period, the closing price was at $119.59. 
For Seelos Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEEL#NASDAQ">SEEL</a>), Guggenheim downgraded the previous rating of Buy to Neutral. In the second quarter, Seelos Therapeutics showed an EPS of $0.22, compared to $0.20 from the year-ago quarter. The current stock performance of Seelos Therapeutics shows a 52-week-high of $1.66 and a 52-week-low of $0.23. Moreover, at the end of the last trading period, the closing price was at $0.31. 
According to Argus Research, the prior rating for Silk Road Medical Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILK#NASDAQ">SILK</a>) was changed from Buy to Hold. Silk Road Medical earned $0.35 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $58.04 and a 52-week-low of $15.94. At the end of the last trading period, Silk Road Medical closed at $15.98. 
Citigroup downgraded the previous rating for Frontier Group Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) from Buy to Neutral. Frontier Group Holdings earned $0.31 in the second quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.34 and a 52-week-low of $4.78. Frontier Group Holdings closed at $4.80 at the end of the last trading period. 
For Brighthouse Financial Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>), Goldman Sachs downgraded the previous rating of Neutral to Sell. Brighthouse Finl earned $4.13 in the second quarter, compared to $3.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $60.54 and a 52-week-low of $39.23. Brighthouse Finl closed at $51.27 at the end of the last trading period. 
According to Cantor Fitzgerald, the prior rating for Seelos Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEEL#NASDAQ">SEEL</a>) was changed from Overweight to Neutral. In the second quarter, Seelos Therapeutics showed an EPS of $0.22, compared to $0.20 from the year-ago quarter. The current stock performance of Seelos Therapeutics shows a 52-week-high of $1.66 and a 52-week-low of $0.23. Moreover, at the end of the last trading period, the closing price was at $0.31. 
Goldman Sachs downgraded the previous rating for BanColombia SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) from Buy to Neutral. For the second quarter, BanColombia had an EPS of $1.37, compared to year-ago quarter EPS of $1.78. The current stock performance of BanColombia shows a 52-week-high of $30.89 and a 52-week-low of $21.55. Moreover, at the end of the last trading period, the closing price was at $28.10. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
B. Riley Securities initiated coverage on YETI Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>) with a Neutral rating. The price target for YETI Holdings is set to $50.00. In the second quarter, YETI Holdings showed an EPS of $0.57, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.27 and a 52-week-low of $27.95. YETI Holdings closed at $49.55 at the end of the last trading period. 
BTIG initiated coverage on Overstock.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSTK#NASDAQ">OSTK</a>) with a Neutral rating. Overstock.com earned $0.02 in the second quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.27 and a 52-week-low of $17.05. Overstock.com closed at $17.95 at the end of the last trading period. 
With an Underperform rating, Jefferies initiated coverage on Ecopetrol SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EC#NYSE">EC</a>). The price target seems to have been set at $11.20 for Ecopetrol. Ecopetrol earned $0.45 in the second quarter, compared to $1.30 in the year-ago quarter. The current stock performance of Ecopetrol shows a 52-week-high of $13.08 and a 52-week-low of $8.59. Moreover, at the end of the last trading period, the closing price was at $12.90. 
With a Hold rating, Jefferies initiated coverage on YPF SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>). The price target seems to have been set at $14.50 for YPF. YPF earned $0.82 in the second quarter, compared to $2.01 in the year-ago quarter. The current stock performance of YPF shows a 52-week-high of $16.19 and a 52-week-low of $6.01. Moreover, at the end of the last trading period, the closing price was at $12.79. 
Jefferies initiated coverage on Pampa Energia SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) with a Buy rating. The price target for Pampa Energia is set to $56.00. For the second quarter, Pampa Energia had an EPS of $3.01, compared to year-ago quarter EPS of $1.20. The stock has a 52-week-high of $48.79 and a 52-week-low of $22.05. At the end of the last trading period, Pampa Energia closed at $40.33. 
With a Buy rating, Jefferies initiated coverage on GeoPark Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>). The price target seems to have been set at $14.50 for GeoPark. GeoPark earned $0.59 in the second quarter, compared to $1.13 in the year-ago quarter. The current stock performance of GeoPark shows a 52-week-high of $16.17 and a 52-week-low of $8.83. Moreover, at the end of the last trading period, the closing price was at $10.11. 
Jefferies initiated coverage on Petroleo Brasileiro SA Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) with a Buy rating. The price target for Petrobras Brasileiro is set to $21.20. Petrobras Brasileiro earned $0.90 in the second quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Petrobras Brasileiro shows a 52-week-high of $16.32 and a 52-week-low of $8.88. Moreover, at the end of the last trading period, the closing price was at $15.33. 
Jefferies initiated coverage on Ultrapar Participacoes SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGP#NYSE">UGP</a>) with an Underperform rating. The price target for Ultrapar Participacoes is set to $3.30. In the second quarter, Ultrapar Participacoes showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. The current stock performance of Ultrapar Participacoes shows a 52-week-high of $4.11 and a 52-week-low of $2.13. Moreover, at the end of the last trading period, the closing price was at $3.86. 
Jefferies initiated coverage on Vista Energy SAB de CV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIST#NYSE">VIST</a>) with a Buy rating. The price target for Vista Energy is set to $40.00. For the second quarter, Vista Energy had an EPS of $0.52, compared to year-ago quarter EPS of $1.06. At the moment, the stock has a 52-week-high of $28.37 and a 52-week-low of $8.37. Vista Energy closed at $27.00 at the end of the last trading period. 
Barclays initiated coverage on Organon &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGN#NYSE">OGN</a>) with an Overweight rating. The price target for Organon is set to $28.00. For the second quarter, Organon had an EPS of $1.31, compared to year-ago quarter EPS of $1.25. At the moment, the stock has a 52-week-high of $32.43 and a 52-week-low of $18.87. Organon closed at $18.92 at the end of the last trading period. 
Barclays initiated coverage on Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>) with a Equal-Weight rating. The price target for Alvotech is set to $10.00. At the moment, the stock has a 52-week-high of $14.60 and a 52-week-low of $5.56. Alvotech closed at $9.10 at the end of the last trading period. 
For Broadstone Net Lease Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNL#NYSE">BNL</a>), JMP Securities initiated coverage, by setting the current rating at Market Perform. In the second quarter, Broadstone Net Lease showed an EPS of $0.35, compared to $0.35 from the year-ago quarter. The current stock performance of Broadstone Net Lease shows a 52-week-high of $18.86 and a 52-week-low of $14.99. Moreover, at the end of the last trading period, the closing price was at $15.97. 
Wells Fargo initiated coverage on Realty Income Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) with a Equal-Weight rating. The price target for Realty Income is set to $59.00. For the second quarter, Realty Income had an EPS of $1.00, compared to year-ago quarter EPS of $0.97. The current stock performance of Realty Income shows a 52-week-high of $68.85 and a 52-week-low of $53.65. Moreover, at the end of the last trading period, the closing price was at $53.80. 
Wells Fargo initiated coverage on Agree Realty Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with an Overweight rating. The price target for Agree Realty is set to $70.00. For the second quarter, Agree Realty had an EPS of $0.98, compared to year-ago quarter EPS of $0.97. The current stock performance of Agree Realty shows a 52-week-high of $75.71 and a 52-week-low of $58.65. Moreover, at the end of the last trading period, the closing price was at $58.72. 
Wells Fargo initiated coverage on Four Corners Property Trust Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCPT#NYSE">FCPT</a>) with an Overweight rating. The price target for Four Corners Prop is set to $28.00. For the second quarter, Four Corners Prop had an EPS of $0.42, compared to year-ago quarter EPS of $0.41. The stock has a 52-week-high of $29.30 and a 52-week-low of $22.70. At the end of the last trading period, Four Corners Prop closed at $24.13. 
With an Overweight rating, Wells Fargo initiated coverage on Essential Properties Realty Trust Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPRT#NYSE">EPRT</a>). The price target seems to have been set at $27.00 for Essential Props Realty. Essential Props Realty earned $0.41 in the second quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $26.43 and a 52-week-low of $18.89. At the end of the last trading period, Essential Props Realty closed at $23.48. 
Wells Fargo initiated coverage on VICI Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>) with an Overweight rating. The price target for VICI Props is set to $36.00. In the second quarter, VICI Props showed an EPS of $0.54, compared to $0.48 from the year-ago quarter. The current stock performance of VICI Props shows a 52-week-high of $35.07 and a 52-week-low of $28.49. Moreover, at the end of the last trading period, the closing price was at $30.66. 
With an Underweight rating, Wells Fargo initiated coverage on Spirit Realty Capital Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRC#NYSE">SRC</a>). The price target seems to have been set at $36.00 for Spirit Realty Cap. In the second quarter, Spirit Realty Cap showed an EPS of $0.91, compared to $0.90 from the year-ago quarter. The stock has a 52-week-high of $44.65 and a 52-week-low of $34.44. At the end of the last trading period, Spirit Realty Cap closed at $36.67. 
Wells Fargo initiated coverage on EPR Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPR#NYSE">EPR</a>) with an Underweight rating. The price target for EPR Props is set to $40.00. For the second quarter, EPR Props had an EPS of $1.28, compared to year-ago quarter EPS of $1.17. At the moment, the stock has a 52-week-high of $47.71 and a 52-week-low of $33.92. EPR Props closed at $42.76 at the end of the last trading period. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

ALVO

Brighthouse Financial, Inc. - Common Stock

EPRT

EWCZ

FCPT

FIVN

GPRK

NTNX

OSTK

SEEL

SILK

SPLK

ULCC

VICI

VIST

YETI

Benzinga's Top Ratings Upgrades, Downgrades For September 21, 2023

Goldman Sachs analyst Tito Labarta downgrades BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) from Buy to Neutral and lowers the price target from $35 to $31.

Goldman Sachs Downgrades BanColombia to Neutral, Lowers Price Target to $31

<h3>Upgrades</h3>
Goldman Sachs upgraded the previous rating for PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) 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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>), 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), 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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTGC#NYSE">HTGC</a>) 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. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
Craig-Hallum downgraded the previous rating for Box Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) 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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) 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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) 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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>), 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABCM#NASDAQ">ABCM</a>) 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRN#NASDAQ">THRN</a>) 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. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
Janney Montgomery Scott initiated coverage on BCB Bancorp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCBP#NASDAQ">BCBP</a>) 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCBC#NASDAQ">MCBC</a>) 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNX#NASDAQ">CGNX</a>) 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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) 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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPOR#NYSE">GPOR</a>) 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) 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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>). 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 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) 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. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

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

Itau BBA analyst Jorge Perez downgrades BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) from Outperform to Market Perform and announces $33 price target.

Itau BBA Downgrades BanColombia to Market Perform, Announces $33 Price Target

Goldman Sachs analyst Tito Labarta maintains BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) with a Buy and lowers the price target from $39 to $35.

Goldman Sachs Maintains Buy on BanColombia, Lowers Price Target to $35

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Sunlight Financial Holdings, Inc. Class A Common Stock

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Benzinga's Top Ratings Upgrades, Downgrades For August 10, 2023

JP Morgan analyst Yuri Fernandes downgrades BanColombia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIB#NYSE">CIB</a>) from Neutral to Underweight and announces $30 price target.

JP Morgan Downgrades BanColombia to Underweight, Announces $30 Price Target

On Thursday, shares of Bancolombia Sa (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cib#NYSE">CIB</a>) experienced volatile short activity. After the activity, the stock price went down -2.56% to $26.61.
The overall sentiment for CIB has been Bearish.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.
The volatility alert was produced on the prior trading date, 6/29/2023 with a volatility change of +296.42%. The current volatility indicator stands at 31.338.
Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

On Friday, shares of Bancolombia Sa (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cib#NYSE">CIB</a>) experienced volatile short activity. After the activity, the stock price went up +0.14% to $28.75.
The overall sentiment for CIB has been Bullish.
The signal from the volatility alert is trending Bullish. Therefore, the recommendation is to Strong Buy.
The volatility alert was produced on the prior trading date, 6/9/2023 with a volatility change of +59.61%. The current volatility indicator stands at 10.12.
Overview: 
The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: 
Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

Bancolombia (CIB) has released an update. Bancolombia S.A. has successfully priced a public offering of $800 million in subordinated notes due in D...

Bancolombia Announces $800 Million Notes Offering

70 All-Star And Graham Value Stocks: 57 Fit To Buy In June

Bancolombia (CIB) has released an update. Bancolombia S.A., a major Colombian banking institution, has entered into an underwriting agreement to is...

Bancolombia Issues $800M Subordinated Notes

Bancolombia S.A. goes ex dividend tomorrow

Bancolombia (CIB) has released an update. Bancolombia has announced a significant revision to its Bylaws following an extraordinary General Shareho...

Bancolombia Enhances Governance with Bylaws Amendment

Bancolombia (CIB) has released an update. Bancolombia S.A. has successfully conducted its extraordinary General Shareholders' Meeting, resulting in...

Bancolombia Holds Productive Shareholders' Meeting

Bancolombia (CIB) has released an update. Bancolombia S.A. has announced the appointment of its new Board of Directors, with a term from July 2024 ...

Bancolombia Announces Diverse Board Appointments

Bancolombia (CIB) has released an update. Bancolombia S.A. has successfully concluded the cash purchase offers for their outstanding 3.000% Senior ...

Bancolombia Completes Tender Offers for Notes

Warning: CIB is at high risk of cutting its dividend

Bancolombia (CIB) has released an update. Bancolombia S.A. has officially announced the cancellation of its Ordinary Green Bonds previously registe...

Bancolombia Finalizes Green Bond Cancellation

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INSW

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VALE

Press Releases

BANCOLOMBIA S.A. ANNOUNCES FILING OF THE 2023 ANNUAL REPORT ON FORM 20-F

Bancolombia S.A. Accepts to Purchase All Tendered and Not Validly Withdrawn Offers of Bancolombia S.A.'s Outstanding 3.000% Senior Notes Due 2025 and 6.909% Subordinated Notes Due 2027

Grupo Aval Acciones y Valores S.A. ADR (Each representing 20 preferred shares)

Grupo Aval Acciones

Credicorp

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Bank Bradesco

Banco Bradesco Sa American Depositary Shares (each representing one Common Share)

Banco De Chile

Banco Macro S.A. ADR (representing Ten Class B Common Shares)

Banco Macro

Banco Santander Chile

Comerica

First Citizens BancShares, Inc. - Class A Common Stock

First Citizens BancShares

Fifth Third Bancorp

Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying

Grupo Financiero Galicia

Intercorp Financial Services Inc. Common Shares

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BanColombia (CIB) Forecast

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