February 23, 2018

Notable Analyst Upgrades and Downgrades for Week of February 19, 2018



Upgrades:


American Electric Power (NYSE:AEP) was upgraded by Guggenheim from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday. A number of other brokerages have also recently commented on AEP. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Morgan Stanley raised American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 price target on the stock in a research note on Wednesday, December 13th. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $74.00 price target on shares of American Electric Power in a research note on Monday, October 30th. Finally, Bank of America began coverage on American Electric Power in a research note on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $74.36. Read more …

Baxter International (NYSE:BAX) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $80.00 target price on the medical instruments supplier’s stock. Deutsche Bank’s target price would indicate a potential upside of 19.33% from the stock’s previous close. A number of other analysts have also recently issued reports on BAX. Barclays raised their price objective on Baxter International from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Citigroup raised their price objective on Baxter International from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. BMO Capital Markets raised their price objective on Baxter International from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Baxter International from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Baxter International in a research report on Friday, February 2nd. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $71.00. Read more…

Chevron (NYSE:CVX) was upgraded by investment analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday. Other equities analysts also recently issued reports about the company. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a research report on Thursday, January 11th. Credit Suisse Group assumed coverage on Chevron in a research report on Monday, December 11th. They set a “neutral” rating and a $123.00 price objective for the company. Jefferies Group restated a “buy” rating and set a $140.00 price objective on shares of Chevron in a research report on Wednesday, December 20th. Citigroup raised their price objective on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.30. Read more …

Devon Energy (NYSE:DVN) was upgraded by stock analysts at KLR Group from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. Other research analysts also recently issued research reports about the stock. Capital One Financial downgraded shares of Devon Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 10th. Credit Suisse Group began coverage on shares of Devon Energy in a report on Monday, December 11th. They set an “outperform” rating and a $43.00 price target on the stock. Sanford C. Bernstein set a $35.00 price target on shares of Devon Energy and gave the company a “hold” rating in a report on Thursday. Cowen set a $40.00 price target on shares of Devon Energy and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Citigroup restated a “buy” rating and set a $44.00 price target on shares of Devon Energy in a report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.56. Read more …


Downgrades:


Citigroup cut shares of BHP Billiton (NYSE:BHP) from a buy rating to a neutral rating in a report released on Wednesday morning. A number of other research analysts have also recently weighed in on BHP. Zacks Investment Research cut shares of BHP Billiton from a buy rating to a hold rating in a report on Tuesday, December 12th. JPMorgan Chase & Co. upgraded shares of BHP Billiton from an underweight rating to a neutral rating in a report on Thursday, December 14th. Cowen lifted their price objective on shares of BHP Billiton from $45.00 to $52.00 and gave the company a market perform rating in a report on Wednesday, January 10th. Sanford C. Bernstein cut shares of BHP Billiton from an outperform rating to a market perform rating and dropped their price objective for the company from $49.55 to $47.00 in a report on Monday, January 22nd. Finally, Deutsche Bank cut shares of BHP Billiton from a buy rating to a hold rating in a report on Tuesday. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. BHP Billiton has an average rating of Hold and a consensus target price of $38.97. Read more …

United Parcel Service (NYSE:UPS) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Thursday, The Fly reports. Other equities analysts have also issued reports about the company. Credit Suisse Group reissued a “hold” rating and set a $137.00 price target on shares of United Parcel Service in a research report on Wednesday, January 17th. Goldman Sachs Group began coverage on United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. BMO Capital Markets upped their target price on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 target price on the stock in a research report on Thursday, February 1st. Finally, Vetr raised United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $126.47. Read more …




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