Notable Analyst Upgrades and Downgrades for Week of December 18, 2017



Upgrades:


Wells Fargo & Company upgraded shares of General Mills (NYSE:GIS) from a market perform rating to an outperform rating in a research note released on Monday, MarketBeat Ratings reports. Wells Fargo & Company currently has $63.00 price target on the stock. A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut General Mills from a hold rating to a sell rating in a report on Tuesday, October 17th. Jefferies Group started coverage on General Mills in a report on Friday, October 20th. They issued a hold rating and a $56.00 target price on the stock. Royal Bank of Canada set a $58.00 target price on General Mills and gave the stock a hold rating in a report on Monday, October 23rd. Societe Generale upgraded General Mills from a sell rating to a hold rating in a report on Wednesday, November 8th. Finally, Consumer Edge upgraded General Mills from a sell rating to a neutral rating in a report on Friday, September 8th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $57.38.  Read more …

Phillips 66 (NYSE:PSX) was upgraded by investment analysts at Goldman Sachs Group to a “buy” rating in a research note issued to investors on Monday. A number of other brokerages have also issued reports on PSX. US Capital Advisors lowered shares of Phillips 66 from an “overweight” rating to a “hold” rating in a research report on Monday, December 4th. Jefferies Group lowered shares of Phillips 66 from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $95.00 to $75.14 in a research report on Monday, October 16th. Zacks Investment Research downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Argus reiterated a “buy” rating and set a $108.00 price target (up previously from $96.00) on shares of Phillips 66 in a research note on Thursday, October 12th. Finally, Piper Jaffray Companies set a $93.00 price target on shares of Phillips 66 and gave the stock a “buy” rating in a research note on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $93.25. Read more …

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) was upgraded by research analysts at Barclays from an “underweight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. A number of other equities research analysts have also recently weighed in on CM. Zacks Investment Research upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Canaccord Genuity restated a “buy” rating and issued a $121.00 price objective on shares of Canadian Imperial Bank of Commerce in a report on Thursday, November 30th. Macquarie began coverage on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, October 24th. They issued an “underperform” rating and a $89.00 price objective on the stock. Credit Suisse Group upgraded shares of Canadian Imperial Bank of Commerce from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $116.00 to $125.00 in a report on Friday, December 1st. Read more …

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued on Tuesday, MarketBeat.com reports. The brokerage presently has a $52.00 target price on the auto manufacturer’s stock, up from their previous target price of $51.00. Royal Bank of Canada’s price objective would suggest a potential upside of 22.38% from the company’s current price. Other research analysts have also recently issued reports about the stock. Jefferies Group boosted their price target on shares of General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Standpoint Research cut shares of General Motors from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Citigroup restated a “buy” rating and set a $53.00 price target on shares of General Motors in a report on Monday, October 2nd. Goldman Sachs Group cut shares of General Motors from a “neutral” rating to a “sell” rating and cut their price target for the stock from $43.16 to $32.00 in a report on Monday, October 30th. Read more …

Wal-Mart Stores (NYSE:WMT) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $117.00 price objective on the retailer’s stock. Citigroup’s price target suggests a potential upside of 19.51% from the company’s previous close. Several other analysts have also issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $100.00 price objective (up from $92.00) on shares of Wal-Mart Stores in a report on Tuesday, December 12th. Moffett Nathanson began coverage on shares of Wal-Mart Stores in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Royal Bank of Canada raised shares of Wal-Mart Stores from an “underperform” rating to a “sector perform” rating and set a $96.00 target price on the stock in a research report on Wednesday, November 29th. Vetr raised shares of Wal-Mart Stores from a “sell” rating to a “hold” rating and set a $96.71 target price on the stock in a research report on Monday, November 27th. Read more …

Realty Income (NYSE:O) was upgraded by stock analysts at Citigroup to a “market perform” rating in a research report issued to clients and investors on Wednesday, The Fly reports. The analysts noted that the move was a valuation call. A number of other brokerages have also weighed in on O. UBS upgraded Realty Income from a “sell” rating to a “neutral” rating and raised their target price for the company from $52.00 to $57.00 in a research note on Friday, September 8th. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a research note on Thursday, October 19th. B. Riley restated a “neutral” rating on shares of Realty Income in a research note on Wednesday, November 1st. Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $64.09. Read more …

Digital Realty Trust (NYSE:DLR) was upgraded by investment analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, The Fly reports. Several other analysts have also issued reports on the stock. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $117.00 price target on shares of Digital Realty Trust in a research report on Thursday, September 14th. SunTrust Banks reaffirmed a “buy” rating and set a $140.00 price target on shares of Digital Realty Trust in a research report on Friday, November 17th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Monday, October 30th. Finally, Deutsche Bank upped their price target on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Digital Realty Trust currently has an average rating of “Hold” and an average price target of $125.07. Read more …


Downgrades:



Amgen (NASDAQ:AMGN) was downgraded by investment analysts at Citigroup to a “neutral” rating in a note issued to investors on Monday, The Fly reports. Other equities research analysts have also issued research reports about the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $198.00 target price on shares of Amgen in a report on Thursday, October 26th. Cann reaffirmed a “buy” rating on shares of Amgen in a report on Monday, August 28th. Oppenheimer reaffirmed a “buy” rating and set a $203.00 target price on shares of Amgen in a report on Thursday, September 7th. Mizuho reaffirmed a “buy” rating and set a $198.00 target price (up previously from $183.00) on shares of Amgen in a report on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Amgen from a “buy” rating to a “hold” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $190.22. Read more …

American States Water (NYSE:AWR) was downgraded by investment analysts at Wells Fargo & Company to an “underperform” rating in a note issued to investors on Monday. Separately, Zacks Investment Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.00. Shares of American States Water (NYSE:AWR) opened at $56.68 on Monday. The firm has a market cap of $2,078.60, a PE ratio of 30.97, a PEG ratio of 8.24 and a beta of 0.48. American States Water has a 1 year low of $41.14 and a 1 year high of $58.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.93. Read more …

Macquarie lowered shares of PPL (NYSE:PPL) from a neutral rating to an underperform rating in a research report sent to investors on Tuesday. The firm currently has $30.00 target price on the utilities provider’s stock. A number of other research firms also recently weighed in on PPL. Zacks Investment Research downgraded PPL from a buy rating to a hold rating in a research report on Monday, September 11th. ValuEngine upgraded PPL from a hold rating to a buy rating in a research report on Friday, September 1st. KeyCorp reiterated a hold rating on shares of PPL in a research report on Friday, October 20th. SunTrust Banks started coverage on PPL in a research report on Tuesday, October 10th. They set a buy rating and a $43.00 price objective for the company. Read more …

Gilead Sciences (NASDAQ:GILD) was downgraded by stock analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report released on Wednesday. They presently have a $80.00 target price on the biopharmaceutical company’s stock, up from their prior target price of $74.35. Credit Suisse Group’s price objective would indicate a potential upside of 7.60% from the company’s previous close. Several other brokerages have also recently issued reports on GILD. ValuEngine raised shares of Gilead Sciences from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. TheStreet raised shares of Gilead Sciences from a “c+” rating to a “b-” rating in a research note on Thursday, September 7th. Zacks Investment Research cut shares of Gilead Sciences from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Vetr cut shares of Gilead Sciences from a “buy” rating to a “hold” rating and set a $86.44 price objective for the company. in a research note on Monday, September 4th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $83.00 price objective (up from $77.00) on shares of Gilead Sciences in a research note on Friday, October 6th. Read more …



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