Notable Analyst Upgrades and Downgrades for Week of January 8, 2018



Upgrades:


JPMorgan Chase & Co. upgraded shares of Caterpillar (NYSE:CAT) from a neutral rating to an overweight rating in a research note released on Monday, Marketbeat reports. The brokerage currently has $200.00 target price on the industrial products company’s stock, up from their prior target price of $161.96. A number of other equities analysts also recently issued reports on the company. UBS Group set a $180.00 price target on Caterpillar and gave the company a buy rating in a report on Friday, January 5th. They noted that the move was a valuation call. Vetr downgraded Caterpillar from a sell rating to a strong sell rating and set a $141.37 price objective for the company. in a report on Thursday, January 4th. BMO Capital Markets reissued a buy rating and issued a $195.00 price objective (up from $165.00) on shares of Caterpillar in a report on Thursday, January 4th. ValuEngine raised Caterpillar from a hold rating to a buy rating in a research note on Sunday, December 31st. Finally, Citigroup increased their price objective on Caterpillar from $145.00 to $160.00 and gave the company a neutral rating in a research note on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $145.87. Read more …

Bank of America upgraded shares of T. Rowe Price Group (NASDAQ:TROW) from a neutral rating to a buy rating in a research note published on Monday, MarketBeat Ratings reports. They currently have $125.00 target price on the asset manager’s stock, up from their previous target price of $113.00. Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of T. Rowe Price Group from a buy rating to a hold rating in a research note on Wednesday, December 6th. Jefferies Group reissued a buy rating and set a $104.00 target price (up previously from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. Citigroup boosted their target price on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock a neutral rating in a research report on Friday, October 27th. UBS Group boosted their target price on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the stock a sell rating in a research report on Friday, October 27th. Finally, Barclays boosted their target price on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an underweight rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. T. Rowe Price Group has an average rating of Hold and an average price target of $98.70. Read more …

United Technologies (NYSE:UTX) was upgraded by Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Monday, Marketbeat reports. Other analysts have also recently issued reports about the stock. Cowen reiterated a “hold” rating and issued a $120.00 target price on shares of United Technologies in a research note on Friday, November 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $126.00 target price on shares of United Technologies in a research note on Tuesday, October 10th. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Zacks Investment Research cut shares of United Technologies from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Stifel Nicolaus lifted their target price on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $125.63. Read more …



Goldman Sachs Group upgraded shares of Lazard (NYSE:LAZ) from a neutral rating to a buy rating in a report issued on Monday, Marketbeat Ratings reports. Goldman Sachs Group currently has $64.00 price target on the asset manager’s stock. Several other research analysts have also recently issued reports on LAZ. Nomura upgraded shares of Lazard from a neutral rating to a buy rating and increased their target price for the stock from $46.00 to $62.00 in a report on Wednesday, January 3rd. Zacks Investment Research cut shares of Lazard from a buy rating to a hold rating in a report on Wednesday, January 3rd. ValuEngine cut shares of Lazard from a strong-buy rating to a buy rating in a report on Tuesday, October 3rd. Instinet upgraded shares of Lazard from a neutral rating to a buy rating in a report on Wednesday, January 3rd. Finally, Buckingham Research cut shares of Lazard from a buy rating to a neutral rating and set a $54.00 target price on the stock. in a report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $53.80. Read more …

Bank of America upgraded shares of Travelers Companies (NYSE:TRV) from a neutral rating to a buy rating in a research report report published on Tuesday. A number of other analysts have also recently weighed in on TRV. Buckingham Research started coverage on shares of Travelers Companies in a report on Monday, September 11th. They set a buy rating and a $136.00 target price on the stock. Credit Suisse Group dropped their price objective on shares of Travelers Companies from $128.00 to $125.00 and set a neutral rating on the stock in a report on Tuesday, September 12th. Wells Fargo & Co reaffirmed a hold rating and issued a $125.00 price objective on shares of Travelers Companies in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Travelers Companies from a sell rating to a hold rating in a report on Thursday, September 14th. Finally, UBS Group dropped their price objective on shares of Travelers Companies from $126.00 to $125.00 and set a neutral rating on the stock in a report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $134.38. Read more …

Bank Of New York Mellon (NYSE:BK) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a report released on Wednesday. Several other research firms have also commented on BK. Vining Sparks reaffirmed a “buy” rating and set a $62.00 target price on shares of Bank Of New York Mellon in a report on Monday. Zacks Investment Research lowered Bank Of New York Mellon from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised Bank Of New York Mellon from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Credit Suisse Group reissued a “hold” rating and issued a $55.00 price objective on shares of Bank Of New York Mellon in a report on Tuesday, October 10th. Finally, Barclays raised their price objective on Bank Of New York Mellon from $55.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.59. Read more …

Deere & Company (NYSE:DE) was upgraded by investment analysts at Barclays from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday. The firm presently has a $171.00 target price on the industrial products company’s stock. Barclays’ price objective points to a potential upside of 3.67% from the company’s current price. Other analysts have also recently issued reports about the company. Wells Fargo & Co restated a “buy” rating and issued a $170.00 price objective on shares of Deere & Company in a research report on Thursday, November 23rd. Deutsche Bank upgraded Deere & Company from a “hold” rating to a “buy” rating and boosted their price objective for the company from $149.00 to $167.00 in a research report on Thursday, November 23rd. Zacks Investment Research upgraded Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Thursday, November 2nd. BMO Capital Markets restated a “buy” rating and issued a $150.00 price objective on shares of Deere & Company in a research report on Thursday, November 2nd. Finally, Argus restated a “buy” rating and issued a $165.00 price objective on shares of Deere & Company in a research report on Monday, November 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $145.38. Read more …

Digital Realty Trust (NYSE:DLR) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. Other equities research analysts also recently issued reports about the company. ValuEngine downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird restated a “neutral” rating and set a $121.00 price target (up from $119.00) on shares of Digital Realty Trust in a research note on Tuesday, October 10th. Royal Bank of Canada boosted their price target on Digital Realty Trust from $127.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Finally, Jefferies Group restated a “hold” rating and set a $120.00 price target on shares of Digital Realty Trust in a research note on Tuesday, October 24th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $125.21. Read more …

Target (NYSE:TGT) was upgraded by analysts at Deutsche Bank from a “neutral” rating to a “positive” rating in a research note issued on Wednesday. The firm presently has a $70.00 price objective on the retailer’s stock, up from their prior price objective of $57.00. Deutsche Bank’s price target indicates a potential downside of 1.03% from the stock’s current price. A number of other research firms have also commented on TGT. Moffett Nathanson started coverage on shares of Target in a report on Monday, December 4th. They set a “neutral” rating for the company. BMO Capital Markets reaffirmed a “market weight” rating on shares of Target in a report on Thursday, September 14th. Telsey Advisory Group lifted their target price on shares of Target from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. Wells Fargo & Co started coverage on shares of Target in a report on Friday, November 3rd. They set a “market perform” rating and a $62.00 target price for the company. Finally, Susquehanna Bancshares raised shares of Target from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $54.00 to $70.00 in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $64.72. Read more …

Chevron (NYSE:CVX) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Thursday. Several other research firms have also recently issued reports on CVX. Jefferies Group reiterated a “buy” rating and issued a $137.00 price objective (up from $113.54) on shares of Chevron in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Friday, November 10th. Citigroup increased their price objective on shares of Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a report on Monday, October 30th. Goldman Sachs Group reiterated a “buy” rating and issued a $123.00 price objective (up from $118.00) on shares of Chevron in a report on Tuesday, September 19th. Finally, Wolfe Research upgraded shares of Chevron from a “market perform” rating to an “outperform” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $125.15. Read more …

ONEOK (NYSE:OKE) was upgraded by stock analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report issued on Thursday. Several other equities research analysts also recently weighed in on OKE. Mizuho initiated coverage on shares of ONEOK in a research note on Tuesday, October 10th. They set a “neutral” rating and a $59.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating and set a $54.00 target price on shares of ONEOK in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a research note on Tuesday, October 17th. BMO Capital Markets set a $62.00 price target on shares of ONEOK and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, UBS Group increased their price target on shares of ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. ONEOK has a consensus rating of “Hold” and an average target price of $59.14. Read more …

Magna International (NYSE:MGA) (TSE:MG) was upgraded by stock analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report issued on Friday, The Fly reports. Several other research firms also recently commented on MGA. Macquarie reissued an “outperform” rating and issued a $72.00 price objective (up from $59.00) on shares of Magna International in a research note on Tuesday. Raymond James Financial increased their price objective on Magna International from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday. ValuEngine raised Magna International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded Magna International from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Goldman Sachs Group downgraded Magna International from a “neutral” rating to a “sell” rating and cut their target price for the stock from $45.00 to $41.00 in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Magna International has a consensus rating of “Buy” and a consensus target price of $58.15. Read more …

Norfolk Southern (NYSE:NSC) was upgraded by stock analysts at Scotiabank to a “buy” rating in a research report issued on Friday. A number of other analysts also recently issued reports on NSC. Loop Capital lifted their target price on Norfolk Southern to $144.00 and gave the company a “sell” rating in a research report on Friday. Wells Fargo & Co downgraded Norfolk Southern from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Royal Bank of Canada reaffirmed a “sell” rating and issued a $137.00 target price on shares of Norfolk Southern in a research report on Tuesday. Aegis reaffirmed a “hold” rating and issued a $125.00 target price (up previously from $120.00) on shares of Norfolk Southern in a research report on Tuesday, October 10th. Finally, Citigroup lifted their target price on Norfolk Southern from $124.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. Norfolk Southern has an average rating of “Hold” and an average target price of $131.30. Read more …

Downgrades:


Invesco (NYSE:IVZ) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Monday. They currently have a $42.00 target price on the asset manager’s stock. Bank of America’s target price would suggest a potential upside of 13.70% from the stock’s previous close. Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 price objective on shares of Invesco in a research note on Tuesday, October 3rd. Citigroup boosted their price objective on Invesco from $38.50 to $39.50 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. ValuEngine raised Invesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group boosted their price objective on Invesco from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $41.00 price objective on shares of Invesco in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.79. Read more …

Duke Energy (NYSE:DUK) was downgraded by equities research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports. DUK has been the topic of several other reports. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. SunTrust Banks reaffirmed a “hold” rating and set a $87.00 target price on shares of Duke Energy in a report on Wednesday, October 4th. Guggenheim reaffirmed a “buy” rating and set a $96.00 target price on shares of Duke Energy in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their target price on shares of Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $87.00 target price on shares of Duke Energy in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Duke Energy presently has an average rating of “Hold” and an average price target of $87.26. Read more …

Hershey (NYSE:HSY) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Wednesday. A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets restated a “hold” rating and issued a $105.00 price target on shares of Hershey in a report on Friday, October 27th. Zacks Investment Research cut Hershey from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Citigroup upped their price target on Hershey from $126.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada restated a “hold” rating and issued a $122.00 price target on shares of Hershey in a report on Friday, December 22nd. Finally, UBS Group lowered their price target on Hershey from $110.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Hershey has a consensus rating of “Hold” and a consensus price target of $114.02. Read more …

American Water Works (NYSE:AWK) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Thursday. Other equities research analysts have also issued reports about the company. Argus lifted their target price on American Water Works from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, December 29th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Tuesday, December 19th. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Thursday, November 2nd. Wells Fargo & Co set a $89.00 target price on American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $82.00 target price on shares of American Water Works in a research report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $90.51. Read more …

American Express (NYSE:AXP) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports. Other research analysts also recently issued research reports about the company. Bank of America reaffirmed a “buy” rating and issued a $102.00 price objective on shares of American Express in a research note on Monday, October 9th. Oppenheimer set a $99.00 price objective on American Express and gave the company a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $116.00 price objective on shares of American Express in a research note on Friday, December 22nd. Finally, Deutsche Bank started coverage on American Express in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $118.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $98.96. Read more …


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