Benzinga's Top Ratings Upgrades, Downgrades For September 8, 2023

Upgrades

Wells Fargo upgraded the previous rating for TC Energy Corp (NYSE:TRP) from Underweight to Equal-Weight. TC Energy earned $0.71 in the second quarter, compared to $0.78 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.54 and a 52-week-low of $33.02. TC Energy closed at $35.48 at the end of the last trading period.

According to Canaccord Genuity, the prior rating for Gatos Silver Inc (NYSE:GATO) was changed from Hold to Buy. For the second quarter, Gatos Silver had an EPS of $0.05, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $7.49 and a 52-week-low of $2.21. At the end of the last trading period, Gatos Silver closed at $4.65.

According to Mizuho, the prior rating for Adobe Inc (NASDAQ:ADBE) was changed from Neutral to Buy. For the second quarter, Adobe had an EPS of $3.91, compared to year-ago quarter EPS of $3.35. At the moment, the stock has a 52-week-high of $569.98 and a 52-week-low of $274.80. Adobe closed at $560.46 at the end of the last trading period.

For First Solar Inc (NASDAQ:FSLR), Deutsche Bank upgraded the previous rating of Hold to Buy. First Solar earned $1.89 in the second quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $232.00 and a 52-week-low of $115.66. At the end of the last trading period, First Solar closed at $180.50.

See all analyst ratings upgrades.

Downgrades

Deutsche Bank downgraded the previous rating for ABM Industries Inc (NYSE:ABM) from Buy to Hold. For the third quarter, ABM Indus had an EPS of $0.79, compared to year-ago quarter EPS of $0.94. The stock has a 52-week-high of $49.58 and a 52-week-low of $37.71. At the end of the last trading period, ABM Indus closed at $38.70.

For Clarivate PLC (NYSE:CLVT), Barclays downgraded the previous rating of Equal-Weight to Underweight. In the second quarter, Clarivate showed an EPS of $0.21, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.45 and a 52-week-low of $6.41. Clarivate closed at $7.04 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

RBC Capital initiated coverage on EVgo Inc (NASDAQ:EVGO) with a Sector Perform rating. The price target for EVgo is set to $5.00. EVgo earned $0.08 in the second quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $10.54 and a 52-week-low of $3.45. At the end of the last trading period, EVgo closed at $3.75.

See all analyst ratings initiations.

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