Notable Analyst Upgrades and Downgrades for Week of February 13, 2017

Upgrades:

Morgan Stanley upgraded Nucor (NYSE: NUE) from Equalweight to Overweight with a price target of $78.00. Continue reading here.

Morgan Stanley upgraded shares of Under Armour, Inc. (NYSE:UAA) from an underweight rating to an equal weight rating in a research note published on Tuesday morning. Continue reading here.

J P Morgan Chase & Co upgraded shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning. Continue reading here.

Devon Energy Corporation (NYSE:DVN) was upgraded by equities research analysts at Societe Generale from a hold rating to a buy rating in a report released on Wednesday. The firm currently has a $55.00 price target on the energy company’s stock. Societe Generale’s price objective suggests a potential upside of 24.69% from the stock’s previous close. Continue reading here.

Bank of America Corporation upgraded shares of Parker-Hannifin Corporation (NYSE:PH) from a neutral rating to a buy rating in a research note published on Wednesday morning. Bank of America Corporation currently has $180.00 price target on the stock, up from their prior price target of $157.00. Continue reading here.

Fortis Inc. (NYSE:FTS) was upgraded by investment analysts at CIBC from a neutral rating to an outperform rating in a research report issued to clients and investors on Thursday. Continue reading here.

Hershey Company (The) (NYSE:HSY) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. Continue reading here.

Downgrades:

Agrium Inc. (NYSE:AGU) (TSE:AGU) was downgraded by stock analysts at Scotiabank from an outperform rating to a sector perform rating in a research note issued on Monday. Continue reading here.

Reynolds American Inc (NYSE:RAI) was downgraded by stock analysts at Royal Bank Of Canada from an outperform rating to a sector perform rating in a note issued to investors on Monday. They currently have a $60.00 price target on the stock, up from their prior price target of $54.00. Royal Bank Of Canada’s price objective would indicate a potential downside of 0.94% from the company’s current price. Continue reading here.

Jefferies & Co has downgraded Reynolds American Inc. (NYSE:RAI) from Buy to Hold in a report released on Friday February 17, 2017. Continue reading here.

Argus lowered shares of Johnson Controls International PLC (NYSE:JCI) from a buy rating to a hold rating in a report issued on Tuesday morning. Continue reading here.

Wells Fargo & Company (NYSE:WFC) was downgraded by research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday. They presently have a $56.00 target price on the financial services provider’s stock. Credit Suisse Group’s target price suggests a potential downside of 3.65% from the stock’s previous close. Continue reading here.

Illinois Tool Works Inc. (NYSE:ITW) was downgraded by investment analysts at Goldman Sachs Group, Inc. (The) from a neutral rating to a sell rating in a report issued on Friday. They currently have a $121.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential downside of 7.11% from the stock’s current price. Continue reading here.