Benzinga's Top Ratings Upgrades, Downgrades For September 1, 2023

Upgrades

Citigroup upgraded the previous rating for Aramark (NYSE:ARMK) from Neutral to Buy. In the third quarter, Aramark showed an EPS of $0.36, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $45.72 and a 52-week-low of $30.75. At the end of the last trading period, Aramark closed at $37.18.

For Vale SA (NYSE:VALE), JP Morgan upgraded the previous rating of Neutral to Overweight. In the second quarter, Vale showed an EPS of $0.20, compared to $1.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.31 and a 52-week-low of $11.72. Vale closed at $13.17 at the end of the last trading period.

According to DA Davidson, the prior rating for AppFolio Inc (NASDAQ:APPF) was changed from Neutral to Buy. AppFolio earned $0.23 in the second quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $196.80 and a 52-week-low of $93.04. AppFolio closed at $192.77 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Northland Capital Markets downgraded the previous rating for Allot Ltd (NASDAQ:ALLT) from Outperform to Market Perform. Allot earned $0.49 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $4.69 and a 52-week-low of $2.08. At the end of the last trading period, Allot closed at $2.51.

For British American Tobacco PLC (NYSE:BTI), Argus Research downgraded the previous rating of Buy to Hold. At the moment, the stock has a 52-week-high of $42.35 and a 52-week-low of $31.62. British American Tobacco closed at $33.20 at the end of the last trading period.

Evercore ISI Group downgraded the previous rating for Dollar General Corp (NYSE:DG) from Outperform to Neutral. For the second quarter, Dollar Gen had an EPS of $2.13, compared to year-ago quarter EPS of $2.98. At the moment, the stock has a 52-week-high of $261.57 and a 52-week-low of $128.48. Dollar Gen closed at $138.50 at the end of the last trading period.

For PagerDuty Inc (NYSE:PD), Baird downgraded the previous rating of Outperform to Neutral. In the second quarter, PagerDuty showed an EPS of $0.20, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $35.33 and a 52-week-low of $19.53. At the end of the last trading period, PagerDuty closed at $25.76.

According to Loop Capital, the prior rating for Dollar General Corp (NYSE:DG) was changed from Buy to Hold. For the second quarter, Dollar Gen had an EPS of $2.13, compared to year-ago quarter EPS of $2.98. At the moment, the stock has a 52-week-high of $261.57 and a 52-week-low of $128.48. Dollar Gen closed at $138.50 at the end of the last trading period.

For Kanzhun Ltd (NASDAQ:BZ), UBS downgraded the previous rating of Buy to Neutral. Kanzhun earned $0.17 in the second quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Kanzhun shows a 52-week-high of $26.26 and a 52-week-low of $9.75. Moreover, at the end of the last trading period, the closing price was at $14.80.

Telsey Advisory Group downgraded the previous rating for Dollar General Corp (NYSE:DG) from Outperform to Market Perform. Dollar Gen earned $2.13 in the second quarter, compared to $2.98 in the year-ago quarter. The stock has a 52-week-high of $261.57 and a 52-week-low of $128.48. At the end of the last trading period, Dollar Gen closed at $138.50.

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Initiations

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