March 24, 2018

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



Upgrades:


Jefferies Group upgraded shares of AstraZeneca (NYSE:AZN) from a hold rating to a buy rating in a research note issued to investors on Monday, MarketBeat reports. The firm currently has $36.70 price target on the stock, up from their prior price target of $28.43. Several other brokerages have also recently issued reports on AZN. BMO Capital Markets restated a buy rating and issued a $38.00 target price on shares of AstraZeneca in a report on Friday, January 26th. Zacks Investment Research upgraded AstraZeneca from a sell rating to a hold rating in a report on Monday, January 22nd. ValuEngine upgraded AstraZeneca from a buy rating to a strong-buy rating in a report on Saturday, February 3rd. Leerink Swann reiterated a market perform rating and set a $36.00 price target (up from $33.00) on shares of AstraZeneca in a report on Thursday, January 18th. Finally, Sanford C. Bernstein increased their price target on AstraZeneca from $40.00 to $42.00 and gave the stock an outperform rating in a report on Monday, February 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $36.32. Read more …

Cummins (NYSE:CMI) was upgraded by Deutsche Bank from a “sell” rating to a “hold” rating in a research note issued on Monday, The Fly reports. A number of other equities research analysts have also weighed in on CMI. Seaport Global Securities reiterated a “neutral” rating on shares of Cummins in a report on Tuesday, January 16th. Morgan Stanley assumed coverage on shares of Cummins in a report on Friday, March 2nd. They set an “equal weight” rating and a $173.00 price objective for the company. Stifel Nicolaus reiterated a “hold” rating and set a $182.00 price objective on shares of Cummins in a report on Monday, February 5th. ValuEngine upgraded shares of Cummins from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet lowered shares of Cummins from a “b” rating to a “c+” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $187.61. Read more …

ONEOK (NYSE:OKE) was upgraded by analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report issued on Tuesday, MarketBeat Ratings reports. A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised ONEOK from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Bank of America initiated coverage on ONEOK in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Royal Bank of Canada raised ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Barclays raised ONEOK from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $58.00 to $67.00 in a research note on Wednesday, January 17th. Finally, TheStreet downgraded ONEOK from a “b” rating to a “c+” rating in a research note on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $61.29. Read more …

Kinder Morgan (NYSE:KMI) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has a $20.00 price objective on the pipeline company’s stock, up from their previous price objective of $15.61. Bank of America’s target price would indicate a potential upside of 25.71% from the stock’s current price. Several other equities analysts have also weighed in on the stock. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Morgan Stanley cut their price objective on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Credit Suisse Group set a $22.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a report on Monday, February 12th. UBS restated a “buy” rating and issued a $26.00 price objective (down from $28.00) on shares of Kinder Morgan in a report on Friday, March 2nd. Finally, Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.37. Read more …



Societe Generale upgraded shares of General Mills (NYSE:GIS) from a sell rating to a hold rating in a report issued on Thursday. They currently have $48.00 target price on the stock. Other equities analysts have also issued research reports about the stock. Jefferies Group raised shares of General Mills from a hold rating to a buy rating and set a $56.00 price objective for the company in a research note on Wednesday, February 14th. Wells Fargo raised shares of General Mills from a market perform rating to an outperform rating and set a $63.00 price objective for the company in a research note on Monday, December 18th. Argus reaffirmed a hold rating on shares of General Mills in a research note on Wednesday, December 27th. Credit Suisse Group set a $62.00 price objective on shares of General Mills and gave the stock a hold rating in a research note on Thursday, January 18th. Finally, Zacks Investment Research raised shares of General Mills from a sell rating to a hold rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. General Mills has a consensus rating of Hold and a consensus price target of $54.32. Read more …

GlaxoSmithKline (LON:GSK) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “equal” rating in a report released on Thursday, MarketBeat.com reports. The brokerage presently has a GBX 1,400 ($19.34) price objective on the stock, up from their previous price objective of GBX 1,300 ($17.96). Morgan Stanley’s price target points to a potential upside of 6.42% from the company’s previous close. A number of other brokerages also recently issued reports on GSK. Deutsche Bank lifted their price objective on shares of GlaxoSmithKline from GBX 1,380 ($19.07) to GBX 1,440 ($19.89) and gave the stock a “hold” rating in a research report on Thursday, January 11th. Jefferies Group set a GBX 1,475 ($20.38) price objective on shares of GlaxoSmithKline and gave the stock a “buy” rating in a research report on Monday, February 26th. Beaufort Securities raised shares of GlaxoSmithKline to a “buy” rating and lifted their price objective for the stock from GBX 1,450 ($20.03) to GBX 1,500 ($20.72) in a research report on Thursday, February 8th. Societe Generale reaffirmed a “sell” rating and issued a GBX 1,130 ($15.61) price objective on shares of GlaxoSmithKline in a research report on Wednesday, March 14th. Finally, Barclays raised shares of GlaxoSmithKline to an “overweight” rating and boosted their target price for the stock from GBX 1,450 ($20.03) to GBX 1,650 ($22.80) in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,529.55 ($21.13). Read more …

American Water Works (NYSE:AWK) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a report released on Friday. A number of other brokerages have also commented on AWK. Bank of America set a $84.00 price target on shares of American Water Works and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Guggenheim lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Argus lifted their price target on shares of American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, December 29th. UBS started coverage on shares of American Water Works in a research note on Thursday, March 8th. They issued a “buy” rating and a $89.00 price target for the company. They noted that the move was a valuation call. Finally, Wells Fargo upgraded shares of American Water Works from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $80.63 to $88.00 in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $90.13. Read more …

Cisco Systems (NASDAQ:CSCO) was upgraded by research analysts at Goldman Sachs from a “buy” rating to a “conviction-buy” rating in a research note issued on Friday. CSCO has been the subject of a number of other research reports. Barclays lifted their target price on shares of Cisco Systems from $37.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Nomura raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, February 12th. Stifel Nicolaus reissued a “hold” rating and issued a $40.00 price objective on shares of Cisco Systems in a research report on Thursday, December 14th. Zacks Investment Research raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, February 21st. Finally, Vetr raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $45.11 price objective for the company in a research report on Thursday, February 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $44.25. Read more …

Occidental Petroleum (NYSE:OXY) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Friday. OXY has been the topic of several other reports. Macquarie started coverage on shares of Occidental Petroleum in a report on Wednesday, January 17th. They set a “neutral” rating on the stock. Cowen set a $85.00 target price on shares of Occidental Petroleum and gave the company a “buy” rating in a research note on Thursday, January 18th. Bank of America cut shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. UBS started coverage on shares of Occidental Petroleum in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $71.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Occidental Petroleum from $74.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Occidental Petroleum currently has an average rating of “Hold” and a consensus target price of $71.56. Read more …

Downgrades:


Dominion Energy (NYSE:D) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, MarketBeat.com reports. They presently have a $79.00 price objective on the utilities provider’s stock, up from their prior price objective of $69.15. Bank of America’s target price indicates a potential upside of 15.41% from the stock’s previous close. A number of other equities research analysts have also recently weighed in on D. UBS cut shares of Dominion Energy from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research note on Friday. Hilliard Lyons upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Tuesday, January 30th. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective on the stock in a research note on Thursday, December 14th. Morgan Stanley lifted their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dominion Energy has an average rating of “Hold” and an average price target of $81.36. Read more …

Magna International (NYSE:MGA) (TSE:MG) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Thursday. They currently have a $52.00 target price on the stock. Morgan Stanley’s price objective indicates a potential downside of 2.27% from the stock’s previous close. Other equities research analysts also recently issued reports about the stock. KeyCorp reissued a “buy” rating on shares of Magna International in a research report on Wednesday, January 17th. Deutsche Bank boosted their target price on shares of Magna International from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Citigroup boosted their target price on shares of Magna International from $61.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. Bank of America set a $67.00 target price on shares of Magna International and gave the stock a “buy” rating in a research report on Friday, March 16th. Finally, Susquehanna Bancshares set a $57.00 target price on shares of Magna International and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $63.29. Read more …

Wells Fargo downgraded shares of TransCanada (TSE:TRP) (NYSE:TRP) from an outperform rating to a market perform rating in a research report report published on Thursday. They currently have C$62.00 price objective on the stock, down from their prior price objective of C$76.00. Several other research firms also recently issued reports on TRP. National Bank Financial boosted their price target on TransCanada from C$68.00 to C$69.00 and gave the company a sector perform rating in a research note on Wednesday, November 29th. Citigroup boosted their price target on TransCanada from C$68.00 to C$71.00 in a research note on Friday, December 8th. JPMorgan Chase & Co. boosted their price target on TransCanada from C$74.00 to C$76.00 in a research note on Tuesday, December 5th. CIBC boosted their price target on TransCanada from C$75.00 to C$76.00 in a research note on Thursday, January 11th. Finally, TD Securities reduced their price target on TransCanada from C$81.00 to C$77.00 and set an action list buy rating for the company in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$71.22. Read more …

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