March 5, 2021

Notable Analyst Upgrades and Downgrades for Week of March 1, 2021

 


Upgrades:

 


Morgan Stanley (NYSE:MS) was upgraded by equities research analysts at Daiwa Capital Markets from a "neutral" rating to an "outperform" rating in a report released on Tuesday, Briefing.com reports. The brokerage presently has a $86.00 price target on the financial services provider's stock. Daiwa Capital Markets' target price points to a potential upside of 8.64% from the stock's current price.

A number of other brokerages also recently commented on MS. Barclays boosted their price objective on shares of Morgan Stanley from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 21st. Credit Suisse Group boosted their target price on shares of Morgan Stanley from $74.00 to $84.00 and gave the stock an "outperform" rating in a research report on Monday, January 25th. Piper Sandler upped their price objective on shares of Morgan Stanley from $54.00 to $76.00 and gave the stock a "neutral" rating in a report on Monday, January 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Morgan Stanley from $53.00 to $68.00 and gave the stock a "hold" rating in a report on Wednesday, January 6th. Finally, DA Davidson upped their price objective on shares of Morgan Stanley from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, January 21st. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of "Buy" and a consensus target price of $66.73. Read more …

 


Nestlé (OTCMKTS:NSRGY) was upgraded by analysts at AlphaValue to a “buy” rating in a research note issued on Tuesday, The Fly reports.

A number of other analysts have also commented on NSRGY. Royal Bank of Canada raised Nestlé from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, January 13th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Nestlé in a research note on Wednesday, December 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Nestlé in a research note on Friday, February 19th. Zacks Investment Research raised Nestlé from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Friday, February 5th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Nestlé in a research note on Thursday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $127.00. Read more …

 


Bank of Montreal (NYSE:BMO) (TSE:BMO) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Tuesday, Briefing.com reports.

A number of other research analysts also recently commented on BMO. Canaccord Genuity reiterated a “buy” rating and set a $112.50 target price (up from $106.50) on shares of Bank of Montreal in a research report on Wednesday, February 24th. Barclays increased their target price on Bank of Montreal from $88.00 to $96.00 and gave the company an “underweight” rating in a research report on Tuesday, February 16th. CIBC upgraded Bank of Montreal to an “outperformer” rating and increased their target price for the company from $95.00 to $108.00 in a research report on Thursday, November 19th. Credit Suisse Group upgraded Bank of Montreal from a “neutral” rating to an “outperform” rating and increased their target price for the company from $97.00 to $108.00 in a research report on Wednesday, February 24th. Finally, Zacks Investment Research upgraded Bank of Montreal from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Wednesday, February 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $93.39. Read more …

 

 


The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) was upgraded by analysts at CIBC from a "neutral" rating to an "outperform" rating in a report issued on Tuesday, Analyst Price Targets reports. The brokerage currently has a $86.00 price target on the bank's stock, up from their previous price target of $83.00. CIBC's price objective indicates a potential upside of 41.49% from the company's current price.

A number of other analysts have also weighed in on BNS. Barclays raised their price target on shares of The Bank of Nova Scotia from $60.00 to $69.00 and gave the company an "underweight" rating in a report on Tuesday, February 16th. BMO Capital Markets lifted their target price on shares of The Bank of Nova Scotia from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, February 24th. TD Securities lifted their target price on shares of The Bank of Nova Scotia from $79.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, February 24th. Royal Bank of Canada lifted their target price on shares of The Bank of Nova Scotia from $77.00 to $84.00 and gave the stock an "outperform" rating in a report on Wednesday, February 24th. Finally, Desjardins lifted their target price on shares of The Bank of Nova Scotia from $72.00 to $79.00 and gave the stock a "buy" rating in a report on Thursday, February 25th. Two research analysts have rated the stock with a sell rating and ten have assigned a buy rating to the stock. The company currently has an average rating of "Buy" and a consensus target price of $72.75. Read more …

 


Eaton (NYSE:ETN) was upgraded by stock analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a report released on Wednesday, Briefing.com reports. The firm presently has a $155.00 target price on the industrial products company's stock. Morgan Stanley's price objective indicates a potential upside of 15.70% from the stock's previous close.

ETN has been the topic of several other research reports. Oppenheimer upped their target price on Eaton from $133.00 to $145.00 in a research report on Tuesday. Bank of America raised Eaton from a "neutral" rating to a "buy" rating and set a $135.00 target price on the stock in a research report on Wednesday, November 11th. Deutsche Bank Aktiengesellschaft upped their target price on Eaton from $111.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, November 4th. HSBC raised Eaton from a "hold" rating to a "buy" rating and upped their target price for the company from $103.00 to $140.00 in a research report on Tuesday, February 16th. Finally, Credit Suisse Group upped their target price on Eaton from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, February 3rd. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of "Buy" and a consensus price target of $122.39. Read more …

 


Cummins (NYSE:CMI) was upgraded by Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued on Thursday, Briefing.com reports. The firm presently has a $325.00 price objective on the stock. Jefferies Financial Group's price objective suggests a potential upside of 24.20% from the company's previous close.

A number of other research analysts have also recently weighed in on CMI. Cowen lifted their target price on Cummins from $239.00 to $243.00 and gave the company a "market perform" rating in a report on Tuesday, February 9th. Vertical Research assumed coverage on Cummins in a research note on Wednesday, January 20th. They issued a "hold" rating on the stock. Citigroup increased their target price on shares of Cummins from $260.00 to $275.00 in a research report on Monday, February 8th. Morgan Stanley reduced their price target on shares of Cummins from $258.00 to $238.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Argus increased their price objective on shares of Cummins from $246.00 to $281.00 and gave the stock a "buy" rating in a research report on Thursday, February 11th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of "Hold" and an average target price of $225.24. Read more …

 

 


Atmos Energy (NYSE:ATO) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Price Targets.com reports. The firm presently has a $99.00 price target on the utilities provider’s stock. Mizuho’s price target points to a potential upside of 11.49% from the company’s previous close.

Separately, Morgan Stanley cut their target price on shares of Atmos Energy from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, February 25th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Atmos Energy has an average rating of “Buy” and a consensus price target of $105.64. Read more …

 


QUALCOMM (NASDAQ:QCOM) was upgraded by research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report issued on Thursday, Briefing.com reports. The firm currently has a $160.00 target price on the wireless technology company’s stock, up from their previous target price of $150.00. Piper Sandler’s target price suggests a potential upside of 21.53% from the company’s current price.

Several other brokerages have also recently weighed in on QCOM. Cowen raised their target price on shares of QUALCOMM from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, December 9th. Canaccord Genuity lifted their price target on QUALCOMM from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 5th. Rosenblatt Securities boosted their target price on shares of QUALCOMM from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Sanford C. Bernstein reissued a “buy” rating and issued a $165.00 target price on shares of QUALCOMM in a research note on Thursday, November 5th. Finally, Royal Bank of Canada boosted their target price on shares of QUALCOMM from $126.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, February 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. QUALCOMM has an average rating of “Buy” and an average price target of $158.19. Read more …

 


WEC Energy Group (NYSE:WEC) was upgraded by equities research analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a note issued to investors on Thursday, Briefing.com reports. The firm currently has a $93.00 target price on the utilities provider's stock, down from their prior target price of $94.00. Wells Fargo & Company's price target indicates a potential upside of 13.06% from the stock's current price.

Separately, Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and set a $107.00 price objective for the company in a research report on Wednesday, January 13th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. WEC Energy Group has a consensus rating of "Hold" and a consensus target price of $94.09.

Shares of NYSE WEC opened at $82.26 on Thursday. The stock has a market cap of $25.95 billion, a P/E ratio of 22.23, a PEG ratio of 4.51 and a beta of 0.18. The business's fifty day simple moving average is $85.68 and its 200-day simple moving average is $93.29. WEC Energy Group has a 12-month low of $68.01 and a 12-month high of $109.53. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02. Read more …

 

 


Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) was upgraded by Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a $42.00 price objective on the utilities provider’s stock, down from their prior price objective of $44.00. Wells Fargo & Company‘s price objective would suggest a potential upside of 3.24% from the stock’s current price.

A number of other brokerages have also issued reports on BEP. Credit Suisse Group reiterated a “neutral” rating and issued a $47.00 price target on shares of Brookfield Renewable Partners in a research note on Wednesday, February 17th. TD Securities cut Brookfield Renewable Partners from a “buy” rating to a “hold” rating and set a $39.33 price target on the stock. in a report on Thursday, November 5th. They noted that the move was a valuation call. Piper Sandler initiated coverage on Brookfield Renewable Partners in a research note on Thursday, November 19th. They issued a “neutral” rating and a $36.67 price target for the company. Barclays lifted their price objective on shares of Brookfield Renewable Partners from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, November 6th. Finally, Raymond James upped their target price on shares of Brookfield Renewable Partners from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, February 8th. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Brookfield Renewable Partners has an average rating of “Hold” and an average target price of $40.07. Read more …

 


American Water Works (NYSE:AWK) was upgraded by stock analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a report released on Thursday, The Fly reports.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Monday, November 9th. HSBC upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Monday, November 9th. Atlantic Securities assumed coverage on shares of American Water Works in a report on Thursday, January 7th. They set an “overweight” rating and a $173.00 price target on the stock. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating in a report on Monday, December 14th. Finally, Barclays upped their price target on shares of American Water Works from $173.00 to $184.00 and gave the company an “equal weight” rating in a report on Friday, January 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $152.10. Read more …

 


Cisco Systems (NASDAQ:CSCO) was upgraded by equities researchers at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Friday, The Fly reports.

A number of other equities analysts have also issued reports on CSCO. Smith Barney Citigroup increased their target price on shares of Cisco Systems from $43.00 to $45.00 in a research report on Friday, November 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of Cisco Systems from $43.00 to $45.00 in a research report on Friday, November 13th. Oppenheimer reiterated a "buy" rating and issued a $50.00 target price on shares of Cisco Systems in a research report on Tuesday, February 9th. New Street Research raised shares of Cisco Systems from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a report on Friday, November 13th. Finally, DZ Bank raised shares of Cisco Systems from a "hold" rating to a "buy" rating and set a $52.00 price objective for the company in a research note on Thursday, February 11th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. The company currently has an average rating of "Hold" and an average target price of $48.63. Read more …

 

 


Exxon Mobil (NYSE:XOM) was upgraded by research analysts at DZ Bank from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a $58.00 target price on the oil and gas company’s stock. DZ Bank’s target price suggests a potential downside of 1.21% from the company’s current price.

Several other equities research analysts have also commented on the company. Exane BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 price objective for the company in a research note on Monday, February 8th. Credit Suisse Group increased their price target on Exxon Mobil from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday. Jefferies Financial Group began coverage on Exxon Mobil in a research note on Thursday, January 21st. They issued an “underperform” rating and a $39.00 price target for the company. Royal Bank of Canada set a $60.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research note on Thursday. Finally, Zacks Investment Research lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research note on Monday, January 18th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.34. Read more …

 

 

Downgrades:

 


Prudential Financial (NYSE:PRU) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Wednesday, Briefing.com reports. They currently have a $91.00 target price on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.22% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Morgan Stanley lifted their price objective on Prudential Financial from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 25th. Barclays began coverage on Prudential Financial in a research report on Tuesday, November 17th. They set an “equal weight” rating and a $76.00 price objective for the company. TheStreet cut Prudential Financial from a “b-” rating to a “c” rating in a report on Thursday, February 4th. Credit Suisse Group lifted their price target on Prudential Financial from $64.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, December 1st. Finally, Zacks Investment Research upgraded Prudential Financial from a “sell” rating to a “hold” rating and set a $94.00 price target for the company in a report on Thursday, February 25th. Twelve investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $78.23. Read more …

 


Black Hills (NYSE:BKH) was downgraded by stock analysts at Mizuho from a “buy” rating to a “neutral” rating in a report issued on Wednesday, Briefing.com reports.

Several other research analysts also recently weighed in on BKH. Credit Suisse Group boosted their target price on shares of Black Hills from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, January 19th. Bank of America raised shares of Black Hills from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Friday, November 13th. Scotiabank raised shares of Black Hills from a “sector perform” rating to a “sector outperform” rating and set a $77.00 price objective for the company in a research note on Tuesday, December 15th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Black Hills from a “buy” rating to a “hold” rating in a research note on Thursday, February 18th. Finally, TheStreet raised shares of Black Hills from a “c+” rating to a “b-” rating in a research note on Tuesday, November 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.44. Read more …

 

 


Realty Income (NYSE:O) was downgraded by equities research analysts at Mizuho from a "buy" rating to a "neutral" rating in a research note issued on Thursday, Briefing.com reports. They presently have a $62.00 target price on the real estate investment trust's stock, down from their previous target price of $64.00. Mizuho's price objective would indicate a potential upside of 2.01% from the stock's current price.

O has been the subject of a number of other research reports. Morgan Stanley upped their target price on Realty Income from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Tuesday, December 15th. The Goldman Sachs Group began coverage on Realty Income in a research note on Friday, January 22nd. They set a "conviction-buy" rating for the company. Finally, Robert W. Baird began coverage on Realty Income in a research report on Wednesday, December 16th. They set a "neutral" rating on the stock. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of "Buy" and a consensus target price of $67.25.

O stock opened at $60.78 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.77 and a quick ratio of 4.77. The company has a market capitalization of $22.69 billion, a PE ratio of 50.23, a P/E/G ratio of 4.80 and a beta of 0.64. The firm's 50-day moving average is $60.49 and its 200 day moving average is $61.15. Realty Income has a 12 month low of $38.00 and a 12 month high of $78.33. Read more …

 


Caterpillar (NYSE:CAT) was downgraded by analysts at Daiwa Capital Markets from an "outperform" rating to a "neutral" rating in a research note issued on Friday, The Fly reports.

A number of other research firms have also issued reports on CAT. Robert W. Baird lifted their target price on Caterpillar to $220.00 in a report on Wednesday, December 30th. Vertical Research assumed coverage on Caterpillar in a research note on Wednesday, January 20th. They issued a "buy" rating and a $230.00 price target on the stock. Jefferies Financial Group raised their price target on Caterpillar from $160.00 to $200.00 and gave the company a "hold" rating in a research note on Friday, January 15th. Credit Suisse Group raised their price target on Caterpillar from $228.00 to $235.00 and gave the company an "outperform" rating in a research note on Monday, February 1st. Finally, Citigroup cut Caterpillar from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 20th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. Caterpillar currently has a consensus rating of "Hold" and an average target price of $175.40.

CAT opened at $212.77 on Friday. The firm has a market cap of $116.02 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.14 and a beta of 0.97. The business has a fifty day simple moving average of $199.03 and a 200-day simple moving average of $172.92. Caterpillar has a 52 week low of $87.50 and a 52 week high of $226.67. The company has a quick ratio of 1.08, a current ratio of 1.54 and a debt-to-equity ratio of 1.74. Read more …

 

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