Notable Analyst Upgrades and Downgrades for Week of August 20, 2018



Upgrades:


Piper Jaffray Companies upgraded shares of Nike (NYSE:NKE) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning, Marketbeat reports. They currently have $93.00 target price on the footwear maker’s stock, up from their prior target price of $72.00. Other equities research analysts have also issued research reports about the stock. Morgan Stanley reissued a buy rating and issued a $88.00 price target on shares of Nike in a report on Friday, August 10th. JPMorgan Chase & Co. boosted their price target on shares of Nike from $76.00 to $81.00 and gave the stock a neutral rating in a report on Wednesday, August 15th. TheStreet raised shares of Nike from a c+ rating to a b+ rating in a report on Thursday, June 28th. Atlantic Securities reissued a buy rating and issued a $85.00 price target on shares of Nike in a report on Friday, June 29th. Finally, Robert W. Baird reissued a buy rating and issued a $90.00 price target on shares of Nike in a report on Friday, June 29th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $79.19. Read more …

Johnson Controls International (NYSE:JCI) was upgraded by Argus from a “hold” rating to a “buy” rating in a report released on Tuesday, The Fly reports. Several other research firms have also recently weighed in on JCI. Morgan Stanley started coverage on Johnson Controls International in a research note on Monday. They set an “equal weight” rating for the company. Citigroup upped their target price on Johnson Controls International from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Royal Bank of Canada restated a “sell” rating and set a $34.00 target price on shares of Johnson Controls International in a research note on Wednesday, August 1st. Finally, Barclays upped their target price on Johnson Controls International from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.55. Read more …

Target (NYSE:TGT) was upgraded by equities researchers at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, The Fly reports. The firm currently has a $100.00 price target on the retailer’s stock, up from their prior price target of $80.00. Telsey Advisory Group’s price target would suggest a potential upside of 16.36% from the stock’s current price. Other research analysts have also recently issued reports about the company. MKM Partners set a $91.00 price objective on Target and gave the company a “buy” rating in a research report on Friday, June 29th. Loop Capital set a $102.00 price objective on Target and gave the company a “hold” rating in a research report on Friday, August 17th. Bank of America set a $90.00 price objective on Target and gave the company a “buy” rating in a research report on Wednesday. Guggenheim reaffirmed a “hold” rating on shares of Target in a research report on Wednesday. Finally, Credit Suisse Group set a $86.00 price objective on Target and gave the company a “buy” rating in a research report on Monday, May 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $81.11. Read more …




The Coca-Cola (NYSE:KO) was upgraded by analysts at Argus to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports. A number of other analysts have also weighed in on KO. TheStreet upgraded The Coca-Cola from a “c+” rating to a “b-” rating in a report on Tuesday, July 17th. Gabelli restated a “hold” rating on shares of The Coca-Cola in a report on Thursday, July 26th. Morningstar set a $49.00 target price on The Coca-Cola and gave the stock a “buy” rating in a report on Wednesday, August 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $50.00 target price on shares of The Coca-Cola in a report on Thursday, July 26th. Finally, Zacks Investment Research upgraded The Coca-Cola from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The Coca-Cola currently has an average rating of “Hold” and a consensus target price of $50.24. Read more …



Downgrades:


Piper Jaffray Companies lowered shares of Starbucks (NASDAQ:SBUX) from an overweight rating to a neutral rating in a research report report published on Tuesday, The Fly reports. SBUX has been the topic of a number of other research reports. ValuEngine raised shares of Starbucks from a strong sell rating to a sell rating in a research note on Saturday, July 14th. BMO Capital Markets lowered their target price on shares of Starbucks from $58.00 to $56.00 and set a market perform rating on the stock in a research note on Wednesday, June 20th. Wedbush lowered their target price on shares of Starbucks from $58.00 to $57.00 and set a neutral rating on the stock in a research note on Wednesday, June 20th. Telsey Advisory Group lowered their target price on shares of Starbucks from $60.00 to $58.00 and set a market perform rating on the stock in a research note on Tuesday, July 17th. Finally, Stephens reduced their price target on shares of Starbucks from $58.00 to $53.00 and set an equal weight rating on the stock in a research report on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $59.75. Read more …

Wells Fargo & Co cut shares of AT&T (NYSE:T) from an outperform rating to a market perform rating in a report issued on Wednesday, Marketbeat.com reports. Wells Fargo & Co currently has $40.00 price objective on the technology company’s stock. Other equities research analysts have also recently issued research reports about the company. Macquarie restated a buy rating and set a $40.00 price objective on shares of AT&T in a report on Sunday, April 29th. Zacks Investment Research upgraded AT&T from a hold rating to a buy rating and set a $35.00 price objective for the company in a report on Tuesday, July 17th. Bank of America upgraded AT&T from a neutral rating to a buy rating and set a $37.00 price objective for the company in a report on Monday, July 30th. They noted that the move was a valuation call. Deutsche Bank reduced their price objective on AT&T from $41.00 to $36.00 and set a hold rating for the company in a report on Tuesday, May 1st. Finally, Jefferies Financial Group cut AT&T from a buy rating to a hold rating and reduced their price objective for the stock from $39.80 to $31.17 in a report on Thursday, June 7th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $38.21. Read more …

Centurylink (NYSE:CTL)‘s stock had its “sell” rating reaffirmed by equities researchers at Moffett Nathanson in a report issued on Wednesday. They currently have a $23.00 price target on the technology company’s stock. Moffett Nathanson’s price target would indicate a potential downside of 4.09% from the stock’s previous close. Other equities analysts also recently issued research reports about the company. Jefferies Financial Group upgraded Centurylink from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. TheStreet upgraded Centurylink from a “c+” rating to a “b” rating in a research note on Friday, July 6th. Bank of America set a $27.00 target price on Centurylink and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Centurylink from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Macquarie downgraded Centurylink from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $27.61 to $18.00 in a research note on Wednesday, May 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Centurylink currently has an average rating of “Hold” and a consensus price target of $21.31. Read more …

ABM Industries (NYSE:ABM) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Thursday, Marketbeat Ratings reports. They currently have a $40.00 price objective on the business services provider’s stock, up from their prior price objective of $36.00. Robert W. Baird’s price target suggests a potential upside of 31.80% from the company’s previous close. The analysts noted that the move was a valuation call. ABM has been the subject of a number of other reports. ValuEngine upgraded shares of ABM Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 28th. Zacks Investment Research upgraded shares of ABM Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.00. Read more …

British American Tobacco (NYSE:BTI) was downgraded by research analysts at Jefferies Financial Group to a “buy” rating in a research note issued to investors on Friday. Several other equities analysts have also weighed in on the stock. Piper Jaffray Companies lowered shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 1st. Zacks Investment Research lowered shares of British American Tobacco from a “hold” rating to a “sell” rating in a research report on Monday, June 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $79.00. Read more …



Cummins (NYSE:CMI) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Friday, The Fly reports. They presently have a $137.00 price objective on the stock, down from their previous price objective of $156.00. JPMorgan Chase & Co.’s target price would indicate a potential downside of 3.13% from the company’s current price. A number of other research analysts also recently commented on CMI. Zacks Investment Research downgraded Cummins from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. TheStreet raised Cummins from a “c+” rating to a “b” rating in a report on Tuesday, May 1st. Argus reduced their target price on Cummins to $175.00 and set a “buy” rating on the stock in a report on Friday, May 11th. They noted that the move was a valuation call. Bank of America increased their target price on Cummins from $154.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, August 1st. Finally, BMO Capital Markets reduced their target price on Cummins from $180.00 to $170.00 and set a “market perform” rating on the stock in a report on Thursday, May 3rd. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company’s stock. Cummins currently has a consensus rating of “Hold” and an average price target of $165.67. Read more …

Hormel Foods (NYSE:HRL) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, The Fly reports. They currently have a $38.00 target price on the stock. Barclays’ price objective indicates a potential upside of 1.79% from the stock’s current price. Other equities analysts have also recently issued reports about the stock. Mizuho cut shares of Hormel Foods from a “neutral” rating to an “underperform” rating and set a $33.00 price objective for the company. in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 22nd. Buckingham Research upped their price objective on shares of Hormel Foods from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th. Stephens cut shares of Hormel Foods from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 17th. They noted that the move was a valuation call. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $42.00 price objective on shares of Hormel Foods in a research report on Thursday, May 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.10. Read more …

Altria Group (NYSE:MO) was downgraded by Jefferies Financial Group to a “hold” rating in a research report issued to clients and investors on Friday. They presently have a $61.00 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 1.97% from the company’s current price. A number of other research firms have also recently commented on MO. Piper Jaffray Companies set a $75.00 price objective on Altria Group and gave the company a “buy” rating in a research report on Monday, July 23rd. Consumer Edge started coverage on Altria Group in a research report on Monday, June 11th. They set an “equal weight” rating and a $69.31 price objective for the company. Royal Bank of Canada upgraded Altria Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, April 30th. They noted that the move was a valuation call. Morgan Stanley reduced their price objective on Altria Group from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, April 27th. Finally, Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $71.01. Read more …

Philip Morris International (NYSE:PM) was downgraded by Jefferies Financial Group to a “hold” rating in a report released on Friday. They currently have a $80.00 price objective on the stock. Jefferies Financial Group’s target price points to a potential downside of 2.82% from the company’s current price. Several other brokerages also recently commented on PM. ValuEngine downgraded Philip Morris International from a “sell” rating to a “strong sell” rating in a research note on Thursday. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Wednesday, July 25th. Societe Generale downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. JPMorgan Chase & Co. downgraded Philip Morris International from an “overweight” rating to a “neutral” rating in a research note on Friday, July 20th. Finally, Stifel Nicolaus cut their target price on Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, July 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $103.36. Read more …


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