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

Upgrades

For Sunrun Inc (NASDAQ: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.

See all analyst ratings upgrades.

Downgrades

Craig-Hallum downgraded the previous rating for Box Inc (NYSE: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 (NASDAQ: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.

Itau BBA downgraded the previous rating for BanColombia SA (NYSE: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 (NYSE: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 SVB Leerink, the prior rating for Abcam PLC (NASDAQ: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.

See all analyst ratings downgrades.

Initiations

Janney Montgomery Scott initiated coverage on BCB Bancorp Inc (NASDAQ: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.

Citigroup initiated coverage on Cognex Corp (NASDAQ: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 (NYSE: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.

Barclays initiated coverage on Stem Inc (NYSE: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.

See all analyst ratings initiations.

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