August 2, 2019

Notable Analyst Upgrades and Downgrades for Week of July 29, 2019



Upgrades:


Anheuser Busch Inbev (NYSE:BUD) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Barclays set a €16.80 ($19.53) price objective on shares of Deutsche Telekom and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Argus lowered shares of Lions Gate Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $83.77. Read more …

Gilead Sciences (NASDAQ:GILD) was upgraded by research analysts at Royal Bank of Canada from an “outperform” rating to a “top pick” rating in a report issued on Monday, The Fly reports.

A number of other equities analysts have also commented on GILD. Mizuho set a $88.00 price objective on Gilead Sciences and gave the stock a “buy” rating in a research note on Monday, July 15th. Cowen set a $150.00 price target on Tesla and gave the company a “sell” rating in a research note on Friday, May 3rd. BMO Capital Markets set a $76.00 price target on Gilead Sciences and gave the company a “buy” rating in a research note on Monday, July 15th. BidaskClub upgraded Zai Lab from a “sell” rating to a “hold” rating in a research note on Wednesday, June 5th. Finally, ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $81.09. Read more …

National-Oilwell Varco (NYSE:NOV) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.

NOV has been the topic of a number of other reports. Johnson Rice lowered National-Oilwell Varco from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Monday, July 15th. Bank of America reaffirmed an “underperform” rating and set a $1.25 target price (down from $4.50) on shares of Superior Energy Services in a report on Tuesday, June 25th. Susquehanna Bancshares set a $23.00 target price on National-Oilwell Varco and gave the stock a “hold” rating in a report on Friday, July 19th. Raymond James reaffirmed an “average” rating and set a $23.00 target price on shares of in a report on Monday, April 15th. Finally, TheStreet lowered Weibo from a “b-” rating to a “c+” rating in a report on Friday, May 31st. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.36. Read more …



Bank of America upgraded shares of Dominion Energy (NYSE:D) from an underperform rating to a neutral rating in a research note issued to investors on Thursday, June 13th, 24/7 WallStreet reports. Bank of America currently has $80.00 price target on the utilities provider’s stock, up from their previous price target of $79.00. The analysts noted that the move was a valuation call.

Several other equities analysts also recently weighed in on D. TheStreet downgraded Dominion Energy from a b rating to a c+ rating in a research report on Friday, May 3rd. Macquarie downgraded Dominion Energy from an outperform rating to a neutral rating in a research report on Monday, March 18th. They noted that the move was a valuation call. Zacks Investment Research raised Dominion Energy from a hold rating to a buy rating and set a $87.00 target price on the stock in a report on Monday, April 8th. ValuEngine cut Dominion Energy from a buy rating to a hold rating in a report on Wednesday, June 12th. Finally, Credit Suisse Group initiated coverage on Dominion Energy in a report on Friday, April 12th. They issued a neutral rating and a $78.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $85.54. Read more …



Western Digital (NASDAQ:WDC) was upgraded by equities researchers at Wedbush from an “underperform” rating to a “neutral” rating in a report released on Thursday, The Fly reports. The brokerage currently has a $54.50 target price on the data storage provider’s stock, up from their previous target price of $32.50. Wedbush’s price target indicates a potential downside of 4.99% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Citigroup reduced their target price on shares of Western Digital from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Deutsche Bank lifted their target price on shares of Western Digital from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Zacks Investment Research lowered shares of Western Digital from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Mizuho restated an “in-line” rating and set a $61.00 target price (up previously from $55.00) on shares of Western Digital in a report on Thursday. Finally, BidaskClub upgraded shares of Western Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 13th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $59.96. Read more …

Kroger (NYSE:KR) was upgraded by stock analysts at Pivotal Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports. The firm currently has a $26.00 price target on the stock. Pivotal Research’s target price would indicate a potential upside of 20.82% from the stock’s current price.

The analysts wrote, “We see a lot of parallels to when Kroger was similarly oversold two years ago based on the massive disruption caused by the Amazon/Whole Foods developments. That sell-off proved to be a useful near-term buying opportunity. We see the same type of valuation anomaly with Kroger today following the extreme disappointment with the recent 1Q19 results. Alternative income streams now a source of cost-free upside – Our thinking around alternative profit streams has evolved. Since the Street doesn’t seem to be giving any credit to these non-traditional growth vehicles, we no longer view alternative streams as a source of earnings risk but rather as a source of free upside for investors. While the core retail operations remain pressured and are set to face more difficult fuel margin comparisons, these headwinds are much better discounted in the stock at this point.”” Read more …

Iron Mountain (NYSE:IRM) was upgraded by equities researchers at Robert W. Baird from an “underperform” rating to a “neutral” rating in a research note issued on Friday, The Fly reports.

A number of other equities research analysts have also weighed in on IRM. Wells Fargo & Co assumed coverage on Iron Mountain in a research report on Wednesday, July 10th. They issued an “outperform” rating and a $31.60 price objective on the stock. Bank of America lowered Iron Mountain from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $33.00 to $25.00 in a research report on Thursday, July 11th. Zacks Investment Research lowered Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. ValuEngine cut Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, TheStreet cut Iron Mountain from a “b-” rating to a “c+” rating in a research note on Tuesday, May 14th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.73. Read more …


Downgrades:


American Airlines Group (NASDAQ:AAL) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating in a report released on Monday, The Fly reports.

Several other analysts have also issued reports on the stock. Imperial Capital reissued an “outperform” rating and issued a $5.50 price target (down previously from $11.00) on shares of Town Sports International in a research report on Tuesday, April 30th. Deutsche Bank set a $129.00 price target on shares of Proofpoint and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. BidaskClub lowered shares of Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Finally, Standpoint Research raised shares of CVS Health from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.38. Read more …

Kinder Morgan (NYSE:KMI) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Monday, MarketBeat.com reports. They presently have a $22.00 price objective on the pipeline company’s stock. BMO Capital Markets’ price objective points to a potential upside of 6.33% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Raymond James assumed coverage on shares of Planet Fitness in a research report on Wednesday, June 26th. They issued an “outperform” rating and a $80.00 price objective on the stock. Jefferies Financial Group upped their price objective on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Johnson Rice assumed coverage on shares of Enterprise Products Partners in a research report on Thursday, May 30th. They issued a “buy” rating and a $35.00 price objective on the stock. Zacks Investment Research restated a “hold” rating on shares of Western New England Bancorp in a research report on Saturday, June 29th. Finally, Stifel Nicolaus upped their price objective on shares of Mondelez International from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.75. Read more …


JPMorgan Chase & Co. lowered shares of Starbucks (NASDAQ:SBUX) from an overweight rating to a neutral rating in a report released on Monday, The Fly reports.

A number of other equities analysts have also recently weighed in on SBUX. Evercore ISI began coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They issued an outperform rating and a $62.00 price objective for the company. Piper Jaffray Companies set a $40.00 price objective on shares of Tapestry and gave the company a buy rating in a research report on Monday, June 10th. Stifel Nicolaus set a $129.00 price objective on shares of Columbia Sportswear and gave the company a buy rating in a research report on Friday. OTR Global cut shares of Check Point Software Technologies to a positive rating in a research report on Tuesday, July 16th. Finally, Barclays set a $82.00 price objective on shares of Baxter International and gave the company a hold rating in a research report on Friday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $89.53. Read more …

United Parcel Service (NYSE:UPS) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Monday, The Fly reports.

UPS has been the topic of several other reports. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a research report on Friday. Bank of America cut shares of TAL Education Group from a “buy” rating to a “neutral” rating in a research report on Thursday. Cowen lifted their price objective on shares of Werner Enterprises from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, July 2nd. Finally, UBS Group reiterated a “hold” rating and set a $20.50 price objective on shares of ABB in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $118.87. Read more …

Pfizer (NYSE:PFE) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, The Fly reports.

A number of other analysts have also recently commented on the company. Barclays reiterated a “buy” rating on shares of Ultragenyx Pharmaceutical in a research report on Thursday, May 9th. Bank of America initiated coverage on Sogou in a report on Monday, April 1st. They set an “underperform” rating and a $5.60 target price for the company. Goldman Sachs Group upgraded Solaredge Technologies from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $52.00 in a report on Monday, June 17th. Credit Suisse Group set a $5.00 price target on Maxar Technologies and gave the stock a “sell” rating in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. set a €7.50 ($8.72) price target on Schaeffler and gave the stock a “sell” rating in a research report on Monday. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Pfizer has a consensus rating of “Hold” and a consensus target price of $46.47. Read more …


Air Products & Chemicals (NYSE:APD) was downgraded by HSBC from a “buy” rating to a “hold” rating in a report released on Thursday, The Fly reports. They presently have a $215.00 price target on the basic materials company’s stock, down from their previous price target of $217.00. HSBC’s price objective would suggest a potential downside of 5.38% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Air Products & Chemicals from $207.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Credit Suisse Group upped their price target on shares of Air Products & Chemicals from $221.00 to $238.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. UBS Group cut shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating and upped their price target for the stock from $224.00 to $240.00 in a report on Thursday, July 11th. Finally, KeyCorp upped their price target on shares of Air Products & Chemicals from $220.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $232.43. Read more …



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