November 4, 2017

Notable Analyst Upgrades and Downgrades for Week of October 30, 2017



Upgrades:



Intel Corporation (NASDAQ:INTC) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday. Other equities analysts have also recently issued reports about the company. Canaccord Genuity restated a “buy” rating and set a $38.00 price objective on shares of Intel Corporation in a research note on Wednesday, July 12th. Hilliard Lyons initiated coverage on Intel Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $41.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Intel Corporation in a research note on Wednesday, July 12th. Read more …

Merck & Company, Inc. (NYSE:MRK) was upgraded by equities researchers at Citigroup Inc. to a “buy” rating in a report released on Monday. A number of other research firms have also recently weighed in on MRK. Zacks Investment Research cut Merck & from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price target on shares of Merck & in a report on Friday, September 8th. UBS AG raised their price target on Merck & from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 31st. Piper Jaffray Companies set a $70.00 price target on Merck & and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, BidaskClub raised Merck & from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.21. Read more …

Goldman Sachs Group, Inc. (The) upgraded shares of ABB Ltd (NYSE:ABB) from a neutral rating to a conviction-buy rating in a research note issued to investors on Tuesday morning. A number of other research analysts have also recently commented on ABB. BidaskClub cut shares of ABB from a buy rating to a hold rating in a research report on Tuesday, August 1st. Robert W. Baird reaffirmed a buy rating and issued a $29.00 target price on shares of ABB in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of ABB from a hold rating to a sell rating in a research report on Tuesday, September 19th. UBS AG reaffirmed a sell rating on shares of ABB in a research report on Monday, July 24th. Read more …

Kimberly-Clark Corporation (NYSE:KMB) was upgraded by research analysts at Societe Generale from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a $144.00 price objective on the stock, up from their prior price objective of $112.05. Societe Generale’s price objective suggests a potential upside of 27.99% from the stock’s previous close. A number of other analysts have also weighed in on the company. J P Morgan Chase & Co lowered Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Macquarie initiated coverage on Kimberly-Clark Corporation in a report on Friday, September 15th. Read more …


Downgrades:



General Motors Company (NYSE:GM) (TSE:GMM.U) was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “sell” rating in a research report issued on Monday. They presently have a $32.00 price target on the auto manufacturer’s stock, down from their previous price target of $43.16. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential downside of 25.55% from the stock’s current price. A number of other equities analysts have also issued reports on the stock. Deutsche Bank AG boosted their target price on shares of General Motors from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. BMO Capital Markets raised shares of General Motors to a “market perform” rating and boosted their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 25th. Read more …

Merck & Company, Inc. (NYSE:MRK) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday, Marketbeat reports. They currently have a $56.00 target price on the stock. Morgan Stanley’s target price points to a potential downside of 3.85% from the company’s current price. Other equities research analysts also recently issued reports about the company. BMO Capital Markets restated an “outperform” rating and issued a $73.00 price target (down from $74.00) on shares of Merck & in a report on Monday, July 24th. Read more …


Statoil ASA (NYSE:STO) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report issued on Monday. Several other brokerages have also recently commented on STO. BNP Paribas upgraded shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 26th. Tudor Pickering cut shares of Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Deutsche Bank AG upgraded shares of Statoil ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Scotiabank set a $17.00 target price on shares of Statoil ASA and gave the company a “hold” rating in a research report on Friday, August 25th. Read more …

Nokia Corporation (NYSE:NOK) was downgraded by equities research analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. NOK has been the subject of several other reports. Zacks Investment Research lowered Nokia Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Vetr raised Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.28 target price for the company in a research report on Friday, July 14th. Read more …


Bank of America Corporation downgraded shares of Under Armour Inc (NYSE:UAA) from a neutral rating to an underperform rating in a report issued on Monday. They currently have $12.00 price target on the stock, down from their prior price target of $21.00. Several other research firms also recently weighed in on UAA. Zacks Investment Research upgraded Under Armour from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Tuesday, July 4th. Vetr upgraded Under Armour from a hold rating to a buy rating and set a $22.36 price objective on the stock in a research report on Monday, July 3rd. Susquehanna Bancshares Inc lifted their price objective on Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Read more …

Under Armour Inc (NYSE:UAA) was downgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a report released on Tuesday. Read more …

Argus downgraded shares of Amgen Inc. (NASDAQ:AMGN) from a buy rating to a hold rating in a research report report published on Wednesday. The brokerage currently has $195.00 price objective on the medical research company’s stock, up from their prior price objective of $175.22. “We would consider a more constructive stance on AMGN on signs of stronger contributions from the company’s new drug pipeline or from its biosimilars portfolio,” the firm said.”We note, however, that Amgen may not generate commercial revenue from biosimilars until 2019 due to regulatory and legal hurdles.,” Argus’ analyst wrote. Read more …

Teva Pharmaceutical Industries Limited (NYSE:TEVA) was downgraded by research analysts at Wells Fargo & Company to a “market perform” rating in a research note issued to investors on Thursday, The Fly reports. They presently have a $11.36 target price on the stock, down from their previous target price of $17.00. Wells Fargo & Company’s price objective suggests a potential downside of 17.68% from the stock’s current price. A number of other research firms have also issued reports on TEVA. TheStreet lowered shares of Teva Pharmaceutical Industries Limited from a “c-” rating to a “d+” rating in a research note on Friday, August 25th. Read more …

Teva Pharmaceutical Industries Limited (NYSE:TEVA) was downgraded by equities researchers at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. Read more …

Royal Dutch Shell PLC (NYSE:RDS.B) was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating in a research note issued on Friday, The Fly reports. Read more …






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