September 1, 2018

Notable Analyst Upgrades and Downgrades for Week of August 27, 2018




Upgrades:



Citigroup upgraded shares of GAP (NYSE:GPS) from a sell rating to a neutral rating in a research note issued to investors on Monday, MarketBeat.com reports. They currently have $28.00 target price on the apparel retailer’s stock. The analysts noted that the move was a valuation call. Several other research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of GAP from a hold rating to a buy rating and set a $33.00 target price for the company in a research note on Tuesday, July 31st. MKM Partners cut their target price on shares of GAP to $32.00 and set a neutral rating for the company in a research note on Tuesday, May 29th. ValuEngine raised shares of GAP from a hold rating to a buy rating in a research note on Thursday, May 24th. Telsey Advisory Group raised shares of GAP from a market perform rating to an outperform rating and set a $39.00 target price for the company in a research note on Tuesday, May 15th. Finally, Deutsche Bank dropped their price objective on shares of GAP from $34.00 to $33.00 and set a hold rating for the company in a research note on Friday, May 25th. Twenty equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. GAP has an average rating of Hold and an average price target of $33.74. Read more …

Bank of Montreal (NYSE:BMO) (TSE:BMO) was upgraded by Canaccord Genuity from a “hold” rating to a “buy” rating in a research report issued on Wednesday. Several other research firms have also recently weighed in on BMO. Zacks Investment Research cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. BMO Capital Markets raised shares of Bank of Montreal to a “$78.97” rating in a report on Wednesday, July 18th. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a report on Wednesday, July 18th. National Bank Financial raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 31st. Finally, ValuEngine cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $101.00. Read more …

Kansas City Southern (NYSE:KSU) was upgraded by Cowen from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a $138.00 target price on the transportation company’s stock, up from their prior target price of $124.00. Cowen’s price objective would suggest a potential upside of 16.59% from the stock’s previous close. Other analysts have also recently issued reports about the company. Loop Capital raised their price target on Kansas City Southern to $140.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley raised their price target on Kansas City Southern from $106.00 to $108.00 and gave the company a “$111.08” rating in a report on Monday, July 23rd. Zacks Investment Research raised Kansas City Southern from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Credit Suisse Group raised their price target on Kansas City Southern from $125.00 to $126.00 and gave the company a “$111.08” rating in a report on Monday, July 23rd. Finally, Stifel Nicolaus started coverage on Kansas City Southern in a report on Thursday, May 24th. They issued a “buy” rating and a $130.00 price target for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $121.83. Read more …

Royal Caribbean Cruises (NYSE:RCL) was upgraded by stock analysts at Deutsche Bank to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $146.00 price objective on the stock. Deutsche Bank’s price target indicates a potential upside of 21.51% from the company’s current price. A number of other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, August 8th. Citigroup dropped their price objective on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a report on Friday, August 17th. Stifel Nicolaus dropped their price objective on shares of Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, July 24th. Morgan Stanley dropped their price objective on shares of Royal Caribbean Cruises from $130.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, June 5th. Finally, ValuEngine raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus price target of $139.07. Read more …

Downgrades:



Wedbush cut shares of Chipotle Mexican Grill (NYSE:CMG) from a neutral rating to an underperform rating in a report released on Monday, Marketbeat.com reports. The firm currently has $445.00 price objective on the restaurant operator’s stock, down from their prior price objective of $450.00. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2018 earnings at $1.64 EPS, FY2018 earnings at $8.64 EPS, Q1 2019 earnings at $2.62 EPS, Q3 2019 earnings at $2.67 EPS, FY2019 earnings at $11.43 EPS, Q1 2020 earnings at $3.16 EPS, Q2 2020 earnings at $4.45 EPS and FY2020 earnings at $14.00 EPS. A number of other brokerages also recently weighed in on CMG. Citigroup increased their price target on Chipotle Mexican Grill from $506.00 to $573.00 and gave the stock a buy rating in a report on Wednesday, August 15th. William Blair reiterated a hold rating on shares of Chipotle Mexican Grill in a report on Thursday, August 23rd. Morgan Stanley upgraded Chipotle Mexican Grill from an equal weight rating to an overweight rating and increased their price target for the stock from $413.00 to $600.00 in a report on Wednesday, August 15th. Stifel Nicolaus increased their price target on Chipotle Mexican Grill from $325.00 to $450.00 and gave the stock a hold rating in a report on Friday, July 27th. Finally, BMO Capital Markets increased their price target on Chipotle Mexican Grill from $350.00 to $420.00 and gave the stock a market perform rating in a report on Friday, July 27th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $417.73. Read more …

Canaccord Genuity cut shares of Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) from a buy rating to a hold rating in a report published on Wednesday, The Fly reports. Several other brokerages have also weighed in on BNS. Zacks Investment Research raised Bank of Nova Scotia from a sell rating to a hold rating and set a $65.00 target price on the stock in a research report on Wednesday, August 8th. Royal Bank of Canada lowered Bank of Nova Scotia from an outperform rating to a sector perform rating in a research report on Monday, June 11th. Bank of America downgraded Bank of Nova Scotia from a buy rating to a neutral rating in a research note on Tuesday, June 5th. Desjardins reiterated a buy rating on shares of Bank of Nova Scotia in a research note on Friday, June 8th. Finally, National Bank Financial downgraded Bank of Nova Scotia from an outperform rating to a sector perform rating in a research note on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $84.33. Read more …



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