Notable Analyst Upgrades and Downgrades for Week of October 16, 2017


Upgrades:


Credit Suisse Group upgraded shares of Astrazeneca PLC (NYSE:AZN) from a neutral rating to an outperform rating in a report released on Monday morning, Marketbeat reports. Several other analysts have also recently weighed in on the stock. BidaskClub cut shares of Astrazeneca PLC from a hold rating to a sell rating in a research note on Monday, July 24th. Liberum Capital cut shares of Astrazeneca PLC from a buy rating to a hold rating in a research note on Thursday, September 14th. BNP Paribas raised shares of Astrazeneca PLC from a neutral rating to an outperform rating in a research note on Monday, September 25th. Pareto Securities raised shares of Astrazeneca PLC from a sell rating to a hold rating in a research note on Tuesday, August 1st. Read more …

Bank of America Corporation upgraded shares of Emerson Electric Company (NYSE:EMR) from a neutral rating to a buy rating in a report released on Tuesday. The brokerage currently has $79.00 price target on the industrial products company’s stock, up from their previous price target of $64.44. Other research analysts have also recently issued research reports about the company. Stifel Nicolaus reaffirmed a buy rating on shares of Emerson Electric in a research report on Thursday, October 12th. Morgan Stanley reissued an equal weight rating and issued a $67.00 price objective (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. JMP Securities began coverage on Emerson Electric in a research report on Monday, June 19th. They issued an outperform rating and a $70.00 price objective on the stock. Read more …

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday, The Fly reports. Other analysts also recently issued reports about the company. Deutsche Bank AG upped their price objective on Thomson Reuters Corp from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded Thomson Reuters Corp from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, September 5th. Read more …

Citigroup Inc. upgraded shares of Merck & Company, Inc. (NYSE:MRK) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning. The brokerage currently has $72.00 price objective on the stock. A number of other research firms also recently commented on MRK. BMO Capital Markets reissued an outperform rating and set a $73.00 price objective (down previously from $74.00) on shares of Merck & in a report on Monday, July 24th. BidaskClub downgraded shares of Merck & from a sell rating to a strong sell rating in a report on Wednesday, July 19th. Credit Suisse Group reissued an outperform rating and set a $74.00 price objective (down previously from $75.00) on shares of Merck & in a report on Tuesday, September 5th. HSBC Holdings plc raised shares of Merck & from a reduce rating to a hold rating in a report on Wednesday, August 9th. Read more …

Aqua America, Inc. (NYSE:WTR) was upgraded by equities research analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report released on Thursday. WTR has been the topic of a number of other reports. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. BidaskClub cut Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research note on Friday, August 25th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. Read more …

Philip Morris International Inc (NYSE:PM) was upgraded by research analysts at Societe Generale from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat reports. Several other equities research analysts have also commented on PM. Citigroup Inc. reduced their price target on shares of Philip Morris International from $125.00 to $117.00 and set a “neutral” rating for the company in a report on Friday. Piper Jaffray Companies set a $135.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a report on Sunday, October 15th. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and boosted their price target for the company from $118.00 to $119.00 in a report on Friday, August 11th. Read more …

Harley-Davidson, Inc. (NYSE:HOG) was upgraded by equities researchers at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. UBS AG restated a “neutral” rating and set a $57.00 price target on shares of Harley-Davidson in a research report on Monday, June 26th. Jefferies Group LLC restated a “hold” rating and set a $49.00 price target on shares of Harley-Davidson in a research report on Tuesday, July 4th. Read more …


Downgrades:


Jefferies Group LLC downgraded shares of Bristol-Myers Squibb Company (NYSE:BMY) from a buy rating to a hold rating in a research note issued to investors on Monday morning, MarketBeat Ratings reports. They currently have $72.00 target price on the biopharmaceutical company’s stock. Jefferies Group also issued estimates for Bristol-Myers Squibb’s Q3 2017 earnings at $0.78 EPS, FY2017 earnings at $2.98 EPS, FY2018 earnings at $3.19 EPS, FY2019 earnings at $3.86 EPS, FY2020 earnings at $4.34 EPS and FY2021 earnings at $4.97 EPS. BMY has been the subject of several other reports. UBS AG reaffirmed a buy rating and set a $72.00 price target (up from $62.00) on shares of Bristol-Myers Squibb in a research note on Friday, October 6th. Vetr raised shares of Bristol-Myers Squibb from a hold rating to a buy rating and set a $67.92 price target for the company in a research note on Monday, October 9th. Read more …

Magna International, Inc. (NYSE:MGA) (TSE:MG) was downgraded by stock analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “sell” rating in a report issued on Monday. They currently have a $41.00 target price on the stock, down from their previous target price of $45.00. Goldman Sachs Group, Inc. (The)’s price objective indicates a potential downside of 23.29% from the stock’s current price. Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada increased their price objective on shares of Magna International from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. Cormark upgraded shares of Magna International from a “buy” rating to a “top pick” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Magna International from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, August 16th. Read more …

Wells Fargo & Company lowered shares of Norfolk Souther Corporation (NYSE:NSC) from an outperform rating to a market perform rating in a research report released on Monday morning, MarketBeat Ratings reports. Several other equities research analysts have also issued reports on NSC. Scotiabank lowered Norfolk Souther Corporation from a sector outperform rating to a sector perform rating in a research report on Thursday, July 6th. Cowen and Company reaffirmed a buy rating and set a $130.00 target price on shares of Norfolk Souther Corporation in a research report on Tuesday, July 11th. Credit Suisse Group reaffirmed an outperform rating and set a $139.00 target price (up from $133.00) on shares of Norfolk Souther Corporation in a research report on Thursday, July 13th. Read more …

Jefferies Group LLC downgraded shares of Valero Energy Corporation (NYSE:VLO) from a buy rating to a hold rating in a research note published on Monday morning, Marketbeat.com reports. Jefferies Group also issued estimates for Valero Energy Corporation’s Q3 2017 earnings at $1.82 EPS, Q4 2017 earnings at $1.10 EPS, FY2017 earnings at $4.83 EPS, Q2 2018 earnings at $1.92 EPS, Q3 2018 earnings at $1.91 EPS, Q4 2018 earnings at $2.01 EPS, FY2018 earnings at $7.41 EPS, FY2019 earnings at $6.94 EPS, FY2020 earnings at $6.79 EPS and FY2021 earnings at $6.40 EPS. A number of other research firms have also recently commented on VLO. Deutsche Bank AG reiterated a hold rating and set a $73.00 target price (up from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. Read more …

Eaton Corporation, PLC (NYSE:ETN) was downgraded by investment analysts at Bank of America Corporation from a “buy” rating to an “underperform” rating in a report released on Tuesday. Several other research firms have also recently issued reports on ETN. Morgan Stanley reissued an “overweight” rating and set a $88.00 target price (up from $87.00) on shares of Eaton Corporation, PLC in a research note on Monday, October 2nd. JMP Securities initiated coverage on Eaton Corporation, PLC in a research note on Monday, June 19th. They set a “market perform” rating on the stock. Zacks Investment Research raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Wednesday, July 5th. Stifel Nicolaus reissued a “hold” rating and set a $82.00 target price on shares of Eaton Corporation, PLC in a research note on Thursday, October 12th. Read more …

Roche Holding Ltd. (NASDAQ:RHHBY) was downgraded by equities research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. Other analysts have also recently issued reports about the stock. Cowen and Company set a $38.00 target price on shares of Roche Holding and gave the stock a “buy” rating in a research note on Monday, July 10th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Roche Holding in a research note on Wednesday, July 26th. Societe Generale cut shares of Roche Holding from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Deutsche Bank AG cut shares of Roche Holding from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Read more …

Nike, Inc. (NYSE:NKE) was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a research note issued on Thursday. They presently have a $54.00 price target on the footwear maker’s stock, up from their previous price target of $52.30. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 3.25% from the stock’s current price. A number of other equities analysts also recently commented on NKE. Piper Jaffray Companies restated a “neutral” rating and set a $50.00 target price on shares of Nike in a report on Wednesday, June 21st. Morgan Stanley restated an “equal weight” rating and set a $56.00 target price on shares of Nike in a report on Wednesday, June 21st. Read more …

Chipotle Mexican Grill, Inc. (NYSE:CMG) was downgraded by investment analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday. They presently have a $285.00 price target on the restaurant operator’s stock, down from their prior price target of $390.00. Bank of America Corporation’s price target would suggest a potential downside of 12.38% from the company’s current price. CMG has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) cut their price objective on shares of Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and set a $435.00 price objective (down previously from $470.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Read more …

Kimberly-Clark Corporation (NYSE:KMB) was downgraded by investment analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a note issued to investors on Friday. They presently have a $100.00 price target on the stock. J P Morgan Chase & Co’s target price points to a potential downside of 13.46% from the stock’s current price. Several other equities research analysts also recently commented on KMB. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $122.00 target price (down from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Read more …



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