Upgrades:
Phillips 66 (NYSE:PSX) was upgraded by stock analysts at
Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a
research report issued to clients and investors on Tuesday. The firm presently
has a $109.00 price objective on the oil and gas company’s stock, up from their
previous price objective of $88.00. Goldman Sachs Group, Inc. (The)’s target
price would suggest a potential upside of 16.66% from the stock’s current
price. A number of other brokerages have also issued reports on PSX. Howard
Weil upgraded shares of Phillips 66 from a “sector perform” rating to an
“outperform” rating and boosted their price target for the stock from $86.00 to
$98.00 in a research note on Thursday, September 28th. Read more …
T. Rowe Price Group, Inc. (NASDAQ:TROW) was upgraded by
equities researchers at Morgan Stanley from an “underweight” rating to an
“equal weight” rating in a report released on Thursday. TROW has been the topic
of a number of other reports. UBS AG reaffirmed a “sell” rating and issued a
$63.00 price target (up from $62.00) on shares of T. Rowe Price Group in a
research note on Friday, July 14th. Citigroup Inc. upped their price target on
shares of T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral”
rating in a research note on Wednesday, July 26th. BidaskClub downgraded shares
of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a
research note on Tuesday, August 1st. Read more …
Sherwin-Williams Company (The) (NYSE:SHW) was upgraded by
equities researchers at Bank of America Corporation from an “underperform”
rating to a “buy” rating in a report issued on Thursday, MarketBeat.com
reports. The firm presently has a $435.00 target price on the specialty
chemicals company’s stock, up from their previous target price of $325.00. Bank
of America Corporation’s price target points to a potential upside of 14.50%
from the company’s previous close. A number of other analysts have also
recently weighed in on SHW. Goldman Sachs Group, Inc. (The) initiated coverage
on shares of Sherwin-Williams Company (The) in a report on Thursday, June 8th.
They issued a “buy” rating and a $403.00 price objective on the stock. Read more …
Downgrades:
Jefferies Group LLC downgraded shares of Pepsico, Inc.
(NYSE:PEP) from a buy rating to a hold rating in a report released on Monday.
Jefferies Group LLC currently has $108.00 target price on the stock, down from
their previous target price of $133.00. Jefferies Group also issued estimates
for Pepsico’s Q3 2017 earnings at $1.43 EPS. “greater innovation,” Grundy
commented in his downgrade note. In fact, PepsiCo is losing market share in
approximately 85 percent of its beverage portfolio which also compromises a
“key tenet” in holding a bullish stance.Meanwhile, PepsiCo’s once-strong food
division also faces pressure from grocery store weakness trends, Amazon.com,
Inc. (NASDAQ: AMZN)’s growing presence in the food sector, along with “less
M&A froth” to support the valuation. Read more …
HCP, Inc. (NYSE:HCP) was downgraded by equities research
analysts at UBS AG from a “neutral” rating to a “sell” rating in a report
released on Monday. A number of other analysts have also recently issued
reports on the company. Bank of America Corporation cut HCP from a “buy” rating
to a “neutral” rating and dropped their price objective for the stock from
$33.00 to $31.00 in a report on Friday, September 22nd. BidaskClub lowered HCP
from a “buy” rating to a “hold” rating in a report on Thursday, June 29th.
Morgan Stanley reduced their target price on HCP from $31.00 to $29.00 and set
an “equal weight” rating for the company in a report on Monday, September 25th.
Read more …
Goldman Sachs Group, Inc. (The) lowered shares of The Kraft
Heinz Company (NASDAQ:KHC) from a buy rating to a neutral rating in a research
report sent to investors on Wednesday morning. They currently have $87.00
target price on the stock, down from their previous target price of $95.00. A
number of other research firms have also recently commented on KHC. Zacks
Investment Research cut shares of The Kraft Heinz from a hold rating to a sell
rating in a report on Tuesday, August 8th. Susquehanna Bancshares Inc restated
a hold rating on shares of The Kraft Heinz in a report on Tuesday, August 1st.
Berenberg Bank initiated coverage on shares of The Kraft Heinz in a report on
Wednesday, June 7th. They issued a buy rating and a $102.00 price target on the
stock. Read more …
Valero Energy Corporation (NYSE:VLO) was downgraded by
equities research analysts at J P Morgan Chase & Co from an “overweight”
rating to a “neutral” rating in a note issued to investors on Friday,
MarketBeat reports. They currently have a $78.00 price target on the oil and
gas company’s stock, up from their prior price target of $75.00. J P Morgan
Chase & Co’s price target would suggest a potential upside of 0.94% from
the stock’s current price. Other equities analysts have also recently issued
research reports about the company. US Capital Advisors cut Valero Energy
Corporation from an “overweight” rating to a “hold” rating in a report on
Thursday, August 17th. BidaskClub upgraded Valero Energy Corporation from a
“strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Read more …
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