Notable Analyst Upgrades and Downgrades for Week of August 21, 2017



Upgrades:


Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report released on Monday. The brokerage currently has a C$73.00 target price on the stock, up from their previous target price of C$71.00. Scotiabank’s target price suggests a potential upside of 14.55% from the stock’s previous close. Other analysts have also issued research reports about the company. Barclays PLC increased their price objective on Toronto-Dominion Bank from C$69.00 to C$70.00 in a report on Friday, August 11th. Read more …

Eaton Vance Corporation (NYSE:EV) was upgraded by equities research analysts at J P Morgan Chase & Co from an “underweight” rating to a “neutral” rating in a report issued on Thursday, The Fly reports. A number of other equities analysts have also recently issued reports on the company. Bank of America Corporation increased their target price on Eaton Vance Corporation from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, May 25th. Read more …


Downgrades:


Royal Bank Of Canada (NYSE:RY) (TSE:RY) was downgraded by stock analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued on Monday. Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Wednesday, August 9th. Canaccord Genuity started coverage on shares of Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating on the stock. Read more …


Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) was downgraded by investment analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report issued on Tuesday. BIP has been the topic of several other research reports. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Friday, June 2nd. Royal Bank Of Canada lifted their price target on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Read more …


Credit Suisse Group lowered shares of Deere & Company (NYSE:DE) from a neutral rating to an outperform rating in a research note released on Tuesday. A number of other research firms have also weighed in on DE. BidaskClub lowered shares of Deere & from a buy rating to a hold rating in a report on Wednesday, June 28th. Barclays PLC upped their target price on shares of Deere & from $82.00 to $90.00 and gave the stock a sell rating in a report on Monday, May 22nd. Read more …



Citigroup Inc. lowered shares of BHP Billiton plc (LON:BLT) to a neutral rating in a research report sent to investors on Wednesday morning. Citigroup Inc. currently has GBX 1,400 ($18.17) price objective on the mining company’s stock, up from their prior price objective of GBX 1,350 ($17.53). Several other brokerages have also recently issued reports on BLT. UBS AG set a GBX 1,375 ($17.85) price target on BHP Billiton plc and gave the company a buy rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) restated a sell rating and issued a GBX 1,075 ($13.96) price target on shares of BHP Billiton plc in a research report on Tuesday. Read more …

Lowe’s Companies, Inc. (NYSE:LOW) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, The Fly reports. Other analysts also recently issued research reports about the stock. Credit Suisse Group set a $94.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, May 2nd. Read more …

Teva Pharmaceutical Industries Limited (NYSE:TEVA) was downgraded by stock analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday, The Fly reports. Several other equities research analysts also recently weighed in on TEVA. Citigroup Inc. decreased their price target on shares of Teva Pharmaceutical Industries Limited from $47.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, April 25th. Read more …


Whole Foods Market, Inc. (NASDAQ:WFM) was downgraded by equities research analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, The Fly reports. Several other analysts have also weighed in on WFM. Royal Bank Of Canada upped their target price on Whole Foods Market from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Read more …



J.M. Smucker Company (The) (NYSE:SJM) was downgraded by equities researchers at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued to investors on Thursday. Other research analysts have also issued research reports about the company. Citigroup Inc. cut their price objective on J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Read more …



Hormel Foods Corp (HRL) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their Clients and Investors in a research report released on Aug 25, 2017. On the company’s financial health, Hormel Foods Corp reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 24, 2017. Analyst had a consensus of $0.37. The company had revenue of $2207.40 million for the quarter, compared to analysts expectations of $2241.84 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS. Read more …

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