December 15, 2017

Notable Analyst Upgrades and Downgrades for Week of December 11, 2017



Upgrades:


Automatic Data Processing (NASDAQ:ADP) was upgraded by research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $135.00 price target on the business services provider’s stock, up from their prior price target of $116.02. Goldman Sachs Group’s price objective would suggest a potential upside of 15.34% from the company’s previous close. Other equities research analysts have also recently issued reports about the stock. BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research report on Monday, October 16th. Bank of America raised shares of Automatic Data Processing from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Morgan Stanley raised shares of Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 price target on the stock in a research report on Tuesday, November 14th. Read more …

Abbott Laboratories (NYSE:ABT) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday. A number of other research firms have also recently commented on ABT. ValuEngine cut Abbott Laboratories from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus upped their price objective on Abbott Laboratories from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded Abbott Laboratories from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, October 31st. Cowen reiterated a “buy” rating and set a $55.00 price objective on shares of Abbott Laboratories in a research report on Thursday, August 17th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price objective on shares of Abbott Laboratories in a research report on Tuesday, October 3rd. Read more …

Verizon Communications (NYSE:VZ) was upgraded by equities research analysts at Nomura from a “neutral” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $61.00 price target on the cell phone carrier’s stock, up from their prior price target of $47.00. Nomura’s price target points to a potential upside of 15.33% from the stock’s previous close. Several other analysts also recently weighed in on the company. ValuEngine raised Verizon Communications from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Wells Fargo & Company raised Verizon Communications from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, November 20th. Macquarie reissued a “hold” rating and issued a $52.00 price objective on shares of Verizon Communications in a research note on Sunday, October 22nd. Read more …

Morgan Stanley upgraded shares of American Electric Power (NYSE:AEP) from an equal weight rating to an overweight rating in a research report released on Wednesday. The brokerage currently has $83.00 price objective on the utilities provider’s stock. Other equities analysts have also recently issued reports about the stock. Bank of America started coverage on shares of American Electric Power in a research note on Tuesday, October 24th. They issued a buy rating and a $79.00 price objective on the stock. ValuEngine raised shares of American Electric Power from a hold rating to a buy rating in a research note on Tuesday, November 14th. KeyCorp reiterated a buy rating and issued a $73.00 target price on shares of American Electric Power in a report on Friday, September 1st. BidaskClub upgraded shares of American Electric Power from a hold rating to a buy rating in a report on Tuesday, August 22nd. Finally, Royal Bank of Canada reiterated a hold rating and issued a $71.00 target price on shares of American Electric Power in a report on Monday, September 4th. Read more …

ConocoPhillips (NYSE:COP) was upgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a $60.00 price target on the energy producer’s stock. Goldman Sachs Group’s price target indicates a potential upside of 14.70% from the company’s previous close. COP has been the subject of several other reports. Royal Bank of Canada set a $54.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, August 24th. Wells Fargo & Company raised their price objective on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Piper Jaffray Companies restated a “buy” rating and set a $53.00 price objective on shares of ConocoPhillips in a research note on Friday, November 3rd. Scotiabank restated a “buy” rating and set a $53.00 price objective on shares of ConocoPhillips in a research note on Wednesday, November 1st. Read more …

BHP Billiton (NYSE:BHP) was upgraded by J P Morgan Chase & Co from an “underweight” rating to a “neutral” rating in a report issued on Thursday, The Fly reports. BHP has been the topic of a number of other reports. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered BHP Billiton from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Exane BNP Paribas lowered BHP Billiton from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 7th. BNP Paribas lowered BHP Billiton from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 6th. Finally, Raymond James Financial lowered BHP Billiton from a “market perform” rating to an “underperform” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $36.52. Read more …

Dominion Energy (NYSE:D) was upgraded by equities research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a $82.00 price target on the utilities provider’s stock. J P Morgan Chase & Co’s price objective suggests a potential downside of 2.82% from the stock’s previous close. Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Tuesday, October 3rd. Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Morgan Stanley boosted their price objective on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a research report on Monday, August 21st. Read more …

Nike (NYSE:NKE) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research note issued on Thursday, The Fly reports. NKE has been the topic of several other reports. Morgan Stanley reaffirmed a “buy” rating and set a $64.00 price objective (down from $68.00) on shares of Nike in a report on Tuesday, August 29th. Vetr raised shares of Nike from a “buy” rating to a “strong-buy” rating and set a $59.09 price objective on the stock in a report on Wednesday, September 6th. Telsey Advisory Group decreased their price objective on shares of Nike from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Wells Fargo & Company reissued a “market perform” rating and issued a $55.00 price target (down from $56.00) on shares of Nike in a research note on Tuesday, September 19th. Read more …

AmerisourceBergen (NYSE:ABC) was upgraded by Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Friday, Marketbeat Ratings reports. A number of other research firms also recently weighed in on ABC. Cowen set a $107.00 target price on AmerisourceBergen and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird set a $99.00 target price on AmerisourceBergen and gave the stock a “buy” rating in a report on Friday, December 1st. Deutsche Bank began coverage on AmerisourceBergen in a report on Monday, December 4th. They set a “buy” rating and a $97.00 target price on the stock. Morgan Stanley downgraded AmerisourceBergen from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. Read more …

CenturyLink (NYSE:CTL) was upgraded by stock analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has a $16.00 price objective on the technology company’s stock. Barclays’ target price indicates a potential downside of 5.83% from the stock’s previous close. A number of other equities analysts also recently commented on CTL. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded CenturyLink from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Bank of America decreased their price target on CenturyLink from $42.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Oppenheimer decreased their price target on CenturyLink from $28.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Read more …

HCP (NYSE:HCP) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a $29.00 price objective on the real estate investment trust’s stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 8.09% from the stock’s current price. A number of other research firms have also weighed in on HCP. BMO Capital Markets reissued a “hold” rating and set a $32.00 target price on shares of HCP in a report on Wednesday, September 6th. KeyCorp reaffirmed a “hold” rating on shares of HCP in a research note on Sunday, September 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price objective on shares of HCP in a research note on Tuesday, August 22nd. Bank of America lowered shares of HCP from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $31.00 in a research note on Friday, September 22nd. Read more …

Stag Industrial (NYSE:STAG) was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report released on Friday, MarketBeat Ratings reports. The firm currently has a $30.00 price target on the real estate investment trust’s stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 7.18% from the stock’s previous close. Several other research analysts have also recently weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a $32.00 price target (up from $31.00) on shares of Stag Industrial in a report on Tuesday, August 22nd. TheStreet raised shares of Stag Industrial from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a report on Friday, November 3rd. Read more …


Downgrades:


Kimberly Clark (NYSE:KMB) was downgraded by equities research analysts at Citigroup from a “neutral” rating to a “sell” rating in a report released on Monday. They presently have a $113.00 price objective on the stock. Citigroup’s price objective would suggest a potential downside of 2.92% from the company’s previous close. Several other research firms also recently weighed in on KMB. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Macquarie assumed coverage on shares of Kimberly Clark in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 price objective for the company. Jefferies Group reaffirmed a “hold” rating and issued a $119.00 price objective on shares of Kimberly Clark in a report on Thursday, September 7th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Kimberly Clark in a report on Friday, September 8th. Finally, J P Morgan Chase & Co downgraded shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price target for the company from $115.55 to $100.00 in a report on Friday, October 20th. Read more …

J P Morgan Chase & Co cut shares of General Dynamics (NYSE:GD) from a neutral rating to an underweight rating in a research report sent to investors on Tuesday morning. The firm currently has $215.00 target price on the aerospace company’s stock, down from their prior target price of $225.00. Several other equities research analysts have also issued reports on the stock. Credit Suisse Group reissued an outperform rating and issued a $238.00 price target (up previously from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. ValuEngine raised shares of General Dynamics from a hold rating to a buy rating in a report on Friday, September 1st. Stifel Nicolaus boosted their price target on shares of General Dynamics from $200.00 to $210.00 and gave the company a hold rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of General Dynamics from a buy rating to a hold rating in a report on Monday, October 16th. Finally, Royal Bank of Canada set a $239.00 price target on shares of General Dynamics and gave the company a buy rating in a report on Wednesday, November 15th. Read more …

Raytheon (NYSE:RTN) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a note issued to investors on Tuesday. They currently have a $210.00 price objective on the aerospace company’s stock, up from their prior price objective of $190.00. J P Morgan Chase & Co’s price target would suggest a potential upside of 11.32% from the stock’s previous close. RTN has been the subject of a number of other reports. Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a research note on Thursday, September 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $199.00 price target (up from $188.00) on shares of Raytheon in a research note on Monday, October 30th. They noted that the move was a valuation call. Vetr cut Raytheon from a “buy” rating to a “hold” rating and set a $187.08 price target for the company. in a research note on Tuesday, August 15th. Wells Fargo & Company decreased their price target on Raytheon from $200.00 to $195.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Read more …

Rio Tinto (NYSE:RIO) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued on Thursday. RIO has been the subject of a number of other research reports. ValuEngine lowered shares of Rio Tinto from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup reiterated a “buy” rating on shares of Rio Tinto in a research report on Tuesday, December 5th. Royal Bank of Canada downgraded shares of Rio Tinto from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $47.87 to $48.37 in a report on Monday, October 23rd. Cowen set a $47.00 price target on shares of Rio Tinto and gave the company a “hold” rating in a report on Monday, October 16th. Read more …

Amgen (NASDAQ:AMGN) was downgraded by equities researchers at Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports. Other research analysts have also recently issued reports about the company. Oppenheimer restated a “buy” rating and set a $203.00 price target on shares of Amgen in a research note on Friday, October 6th. Mizuho restated a “buy” rating and set a $198.00 price target on shares of Amgen in a research note on Friday, October 6th. Cann reiterated a “buy” rating on shares of Amgen in a research note on Monday, August 28th. Bank of America increased their price objective on Amgen to $210.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $200.00 price objective on shares of Amgen in a research note on Monday, September 25th. Read more …

Noble Energy (NYSE:NBL) was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $30.00 price objective on the oil and gas development company’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 16.91% from the company’s previous close. NBL has been the subject of several other research reports. Barclays lowered their price target on Noble Energy from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, November 16th. Jefferies Group cut Noble Energy from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research note on Monday, October 9th. BMO Capital Markets set a $33.00 price target on Noble Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Read more …

Kimco Realty (NYSE:KIM) was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report released on Friday, Marketbeat reports. They currently have a $20.00 price target on the real estate investment trust’s stock. J P Morgan Chase & Co’s target price indicates a potential upside of 8.93% from the company’s previous close. Several other brokerages also recently weighed in on KIM. BMO Capital Markets assumed coverage on Kimco Realty in a research note on Monday, September 11th. They issued a “market perform” rating and a $21.00 target price on the stock. Argus downgraded Kimco Realty from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. They noted that the move was a valuation call. Read more …


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