Notable Analyst Upgrades and Downgrades for Week of July 1, 2019



Upgrades:


Western Digital (NASDAQ:WDC) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a research report issued on Monday, The Fly reports. Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Western Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 20th. BidaskClub lowered Western Digital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Goldman Sachs Group upped their target price on Western Digital from $42.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Royal Bank of Canada restated an “outperform” rating and issued a $55.00 target price on shares of Western Digital in a research note on Thursday, March 28th. Finally, ValuEngine cut Western Digital from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Western Digital currently has a consensus rating of “Hold” and a consensus price target of $59.50. Read more …


Downgrades:


Yum! Brands (NYSE:YUM) was downgraded by investment analysts at Longbow Research from a “neutral” rating to an “underperform” rating in a report issued on Monday, The Fly reports. YUM has been the subject of a number of other research reports. UBS Group boosted their target price on Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Citigroup upped their price target on Yum! Brands from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. BTIG Research upped their price target on Yum! Brands to $114.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $112.00 price objective on shares of Yum! Brands in a research report on Monday, April 29th. Finally, Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $101.93. Read more …

BNP Paribas lowered shares of Royal Dutch Shell (NYSE:RDS.A) from an outperform rating to a neutral rating in a research report sent to investors on Wednesday morning, The Fly reports. A number of other analysts have also recently weighed in on RDS.A. Zacks Investment Research cut shares of Royal Dutch Shell from a strong-buy rating to a hold rating in a research note on Tuesday, April 16th. ValuEngine cut shares of Royal Dutch Shell from a hold rating to a sell rating in a research note on Wednesday, April 24th. Morgan Stanley upgraded shares of Royal Dutch Shell from an underweight rating to an equal weight rating in a research note on Thursday, May 9th. Deutsche Bank upgraded shares of Royal Dutch Shell from a hold rating to a buy rating in a research note on Monday, May 13th. Finally, HSBC upgraded shares of Royal Dutch Shell from a hold rating to a buy rating in a research note on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $80.00. Read more …


Domtar (NYSE:UFS) (TSE:UFS) was downgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a note issued to investors on Wednesday, BenzingaRatingsTable reports. They presently have a $39.00 price target on the basic materials company’s stock, down from their previous price target of $52.00. BMO Capital Markets’ target price suggests a potential downside of 10.41% from the stock’s previous close. Several other brokerages have also weighed in on UFS. Raymond James restated a “market perform” rating and issued a $51.00 price objective on shares of Domtar in a report on Thursday, May 2nd. Vertical Research lowered Domtar from a “buy” rating to a “hold” rating in a report on Tuesday. Stephens set a $53.00 price objective on Domtar and gave the company a “buy” rating in a report on Friday, June 28th. Zacks Investment Research upgraded Domtar from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Friday, April 12th. Finally, ValuEngine lowered Domtar from a “hold” rating to a “sell” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $51.31. Read more …

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