June 24, 2016

Argus Upgraded Nucor Co. (NUE)


Nucor Co. (NYSE:NUE) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a report issued on Friday.
In other Nucor news, EVP D. Chad Utermark sold 2,050 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $50.65, for a total value of $103,832.50. Following the transaction, the executive vice president now directly owns 56,621 shares of the company’s stock, valued at $2,867,853.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert J. Stratman sold 52,631 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $49.90, for a total value of $2,626,286.90. Following the completion of the transaction, the executive vice president now directly owns 268,246 shares in the company, valued at $13,385,475.40. The disclosure for this sale can be found here.




Buckingham Research Downgraded AT&T Inc. (T)


AT&T Inc. (NYSE:T) was downgraded by Buckingham Research from a “buy” rating to a “neutral” rating in a report released on Friday. They presently have a $39.56 price objective on the stock, up from their previous price objective of $30.97. Buckingham Research’s target price suggests a potential downside of 5.54% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other analysts also recently issued reports on the stock. Vetr downgraded shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target on the stock. in a report on Tuesday. Jefferies Group reiterated a “buy” rating on shares of AT&T in a report on Sunday, June 5th. Bank of America reiterated a “buy” rating on shares of AT&T in a report on Thursday, May 19th. DA Davidson lifted their price target on shares of AT&T from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, May 17th. Finally, Drexel Hamilton restated a “buy” rating and issued a $44.00 target price on shares of AT&T in a report on Thursday, May 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. AT&T has an average rating of “Buy” and a consensus target price of $39.86.



Credit Suisse Downgraded Accenture Plc (ACN)


Accenture Plc (NYSE:ACN) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC raised its position in Accenture Plc by 53.3% in the first quarter. Ropes Wealth Advisors LLC now owns 1,420 shares of the company’s stock worth $164,000 after buying an additional 494 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Accenture Plc by 89.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,662 shares of the company’s stock valued at $192,000 after buying an additional 784 shares during the last quarter. Raab & Moskowitz Asset Management LLC acquired a new stake in shares of Accenture Plc during the first quarter valued at $211,000. Optimum Investment Advisors acquired a new stake in shares of Accenture Plc during the first quarter valued at $239,000. Finally, Iberiabank Corp increased its stake in shares of Accenture Plc by 10.8% in the first quarter. Iberiabank Corp now owns 2,433 shares of the company’s stock valued at $281,000 after buying an additional 237 shares during the last quarter.




June 23, 2016

Nomura Upgraded Home Depot Inc (HD)


Home Depot Inc (NYSE:HD) was upgraded by equities researchers at Nomura from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, The Fly reports.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $143.00 target price on shares of Home Depot in a research note on Friday, June 17th. Jefferies Group restated a “buy” rating and set a $156.00 price objective on shares of Home Depot in a research note on Wednesday, June 15th. Vetr upgraded shares of Home Depot from a “buy” rating to a “strong-buy” rating and set a $148.82 price objective for the company in a research note on Wednesday, June 1st. BTIG Research initiated coverage on shares of Home Depot in a research note on Wednesday, June 1st. They set a “buy” rating and a $155.00 price objective for the company. Finally, Topeka Capital Markets initiated coverage on shares of Home Depot in a research note on Monday, May 23rd. They set a “buy” rating and a $158.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Home Depot currently has a consensus rating of “Buy” and an average target price of $144.45.




Citigroup Upgraded McCormick & Company, Incorporated (MKC)


McCormick & Company, Incorporated (NYSE:MKC) was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a report released on Thursday, StockTargetPrices.com reports. The firm presently has a $102.00 target price on the stock, up from their previous target price of $85.00. Citigroup Inc.’s price objective would suggest a potential upside of 1.83% from the company’s current price.

A number of other research firms have also issued reports on MKC. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Monday, April 4th. Vetr lowered shares of McCormick & Company, from a “hold” rating to a “sell” rating and set a $96.84 target price on the stock. in a report on Monday, April 4th. Deutsche Bank raised their price objective on shares of McCormick & Company, from $99.00 to $105.00 in a report on Wednesday, March 30th. Sanford C. Bernstein raised their price objective on shares of McCormick & Company, from $100.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. Finally, Credit Suisse restated a “neutral” rating and issued a $95.00 price objective on shares of McCormick & Company, in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. McCormick & Company, presently has an average rating of “Hold” and a consensus target price of $97.99.




Baird Downgraded Illinois Tool Works (ITW)


Illinois Tool Works Downgraded at Baird to Neutral from Outperform (NYSE:ITW)

The stock decreased 0.25% or $0.27 during the last trading session, hitting $105.8. Illinois Tool Works Inc. (NYSE:ITW) has risen 16.16% since November 16, 2015 and is uptrending. It has outperformed by 14.59% the S&P500.




JP Morgan Downgraded Valeant Pharmaceuticals (VRX)


In a a report issued to clients and investors on Thursday morning, equity analysts at JP Morgan’s equities division cut Valeant Pharmaceuticals (NYSE:VRX)’s stock from a Overweight to Neutral. They have a TP of $35.00 on VRX or 61.74% more upside.

Out of 18 analysts covering Valeant Pharmaceuticals Intl (NYSE:VRX), 5 rate it a “Buy”, 5 “Sell”, while 10 “Hold”. This means 25% are positive. $175 is the highest target while $11 is the lowest. The $43.72 average target is 465.71% above today’s ($21.64) stock price. Valeant Pharmaceuticals Intl has been the topic of 67 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained the stock on June 8 with “Buy” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $39 target price in a March 16 report. Rodman & Renshaw maintained the shares of VRX in a report on April 11 with “Buy” rating. Canaccord Genuity maintained the firm’s rating on March 16. Canaccord Genuity has “Hold” rating and $40 price target. Lastly, Barclays Capital downgraded the stock to “Equal-Weight” rating in a March 21 report.



June 22, 2016

Morgan Stanley Downgrades HCP, Inc. (HCP)


HCP, Inc. (NYSE:HCP) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Wednesday, StockTargetPrices.com reports. They presently have a $32.00 target price on the real estate investment trust’s stock. Morgan Stanley’s price objective would indicate a potential downside of 8.60% from the company’s current price.

Other large investors have recently made changes to their positions in the company. Sentry Investment Management raised its stake in shares of HCP by 20.7% in the fourth quarter. Sentry Investment Management now owns 26,435 shares of the real estate investment trust’s stock valued at $1,011,000 after buying an additional 4,538 shares during the period. Russell Frank Co raised its stake in shares of HCP by 86.2% in the fourth quarter. Russell Frank Co now owns 1,638,096 shares of the real estate investment trust’s stock valued at $63,327,000 after buying an additional 758,379 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of HCP by 1.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 615,360 shares of the real estate investment trust’s stock valued at $23,531,000 after buying an additional 9,100 shares during the period. Strs Ohio raised its stake in shares of HCP by 1.7% in the fourth quarter. Strs Ohio now owns 769,313 shares of the real estate investment trust’s stock valued at $29,418,000 after buying an additional 12,935 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of HCP by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 882,741 shares of the real estate investment trust’s stock valued at $33,756,000 after buying an additional 13,943 shares during the period.





Nomura Downgraded Papa John's Int'l, Inc. (PZZA)


Papa John's Int'l, Inc. (NASDAQ:PZZA) was downgraded by investment analysts at Nomura from a “buy” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.

Other large investors have recently added to or reduced their stakes in the company. Magnetar Financial LLC purchased a new stake in Papa John's Int'l during the first quarter worth $214,000. Huntington Asset Advisors Inc. purchased a new stake in Papa John's Int'l during the first quarter worth $257,000. Legal & General Group Plc increased its stake in Papa John's Int'l by 4.1% in the first quarter. Legal & General Group Plc now owns 6,168 shares of the company’s stock worth $336,000 after buying an additional 243 shares during the last quarter. BlackRock Japan Co. Ltd purchased a new stake in Papa John's Int'l during the first quarter worth $524,000. Finally, BlackRock Inc. increased its stake in Papa John's Int'l by 1,126.5% in the first quarter. BlackRock Inc. now owns 10,732 shares of the company’s stock worth $581,000 after buying an additional 9,857 shares during the last quarter.





Nomura Downgraded Wendys Co (WEN)


Wendys Co (NASDAQ:WEN) was downgraded by stock analysts at Nomura from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, The Fly reports.

Shares of Wendys (NASDAQ:WEN) opened at 9.99 on Wednesday. The firm has a 50-day moving average price of $10.35 and a 200-day moving average price of $10.31. The company has a market capitalization of $2.66 billion and a PE ratio of 19.06. Wendys has a 12 month low of $8.43 and a 12 month high of $11.47.

Wendys (NASDAQ:WEN) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.05. The company earned $378.80 million during the quarter, compared to the consensus estimate of $352.21 million. The firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, equities research analysts predict that Wendys will post $0.39 EPS for the current year.




Nomura Downgrades Domino's Pizza, Inc. (DPZ)


Domino's Pizza, Inc. (NYSE:DPZ) was downgraded by equities researchers at Nomura from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.

DPZ has been the topic of several other research reports. Zacks Investment Research upgraded shares of Domino's Pizza from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Maxim Group reiterated a “hold” rating and issued a $127.00 target price (down previously from $138.00) on shares of Domino's Pizza in a research report on Wednesday, May 4th. Goldman Sachs downgraded shares of Domino's Pizza from a “conviction-buy” rating to a “buy” rating and raised their price target for the stock from $118.00 to $138.00 in a research note on Tuesday, March 1st. Vetr upgraded shares of Domino's Pizza from a “hold” rating to a “buy” rating and set a $140.80 price target on the stock in a research report on Monday, April 25th. Finally, Argus boosted their price target on shares of Domino's Pizza from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 3rd. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Domino's Pizza currently has an average rating of “Hold” and a consensus price target of $129.54.




June 21, 2016

Deutsche Bank Downgraded Statoil ASA (STO)


Statoil ASA (NYSE:STO) was downgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research note issued on Tuesday, StockTargetPrices.com reports.

Shares of Statoil ASA (NYSE:STO) opened at 16.64 on Tuesday. Statoil ASA has a 12 month low of $10.89 and a 12 month high of $18.61. The firm has a market capitalization of $52.92 billion and a P/E ratio of 81.97. The stock has a 50 day moving average price of $16.43 and a 200 day moving average price of $14.94.

Statoil ASA (NYSE:STO) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.22. On average, analysts expect that Statoil ASA will post $0.55 earnings per share for the current year.




June 20, 2016

3 Elite Canadian Banks For Dividends: Bank Of Nova Scotia



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Scotiabank Downgraded Union Pacific Co. (UNP)


Union Pacific Co. (NYSE:UNP) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday, The Fly reports.

Several institutional investors have made changes to their positions in UNP. Nicholas Investment Partners LP acquired a new position in shares of Union Pacific during the first quarter worth about $290,000. Raab & Moskowitz Asset Management LLC raised its position in shares of Union Pacific by 8.0% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 3,879 shares of the railroad operator’s stock worth $308,000 after buying an additional 288 shares during the last quarter. Douglas Lane & Associates LLC acquired a new position in shares of Union Pacific during the first quarter worth about $319,000. Peddock Capital Advisors LLC raised its position in shares of Union Pacific by 17.2% in the first quarter. Peddock Capital Advisors LLC now owns 4,042 shares of the railroad operator’s stock worth $322,000 after buying an additional 594 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in shares of Union Pacific by 60.9% in the first quarter. Duncker Streett & Co. Inc. now owns 4,622 shares of the railroad operator’s stock worth $368,000 after buying an additional 1,750 shares during the last quarter.