Notable Analyst Upgrades and Downgrades for Week of September 17, 2018



Upgrades:


Broadcom (NASDAQ:AVGO) was upgraded by investment analysts at Nomura from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a $300.00 price target on the semiconductor manufacturer’s stock, up from their prior price target of $225.00. Nomura’s target price suggests a potential upside of 25.14% from the company’s previous close. Other research analysts have also issued reports about the company. Longbow Research lowered Broadcom from a “buy” rating to a “neutral” rating in a report on Thursday, July 12th. BidaskClub lowered Broadcom from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 28th. B. Riley lowered Broadcom from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $308.00 to $245.00 in a report on Thursday, July 12th. BMO Capital Markets lowered Broadcom from an “outperform” rating to a “market perform” rating and set a $230.00 target price on the stock. in a report on Friday, July 13th. Finally, Goldman Sachs Group cut Broadcom from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $300.00 to $220.00 in a research note on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have assigned a buy rating to the company. Broadcom currently has an average rating of “Buy” and a consensus price target of $290.71. Read more …

Goldman Sachs Group upgraded shares of Mastercard (NYSE:MA) from a buy rating to a conviction-buy rating in a research report report published on Monday, The Fly reports. Other equities research analysts also recently issued reports about the company. Bank of America increased their price target on Mastercard from $210.00 to $230.00 and gave the stock a buy rating in a research report on Tuesday, July 17th. Cowen reaffirmed a buy rating and set a $207.00 price target on shares of Mastercard in a research report on Friday, July 20th. Buckingham Research increased their price target on Mastercard from $194.00 to $222.00 and gave the stock a buy rating in a research report on Tuesday, June 26th. Wells Fargo & Co reaffirmed a buy rating on shares of Mastercard in a research report on Wednesday, May 30th. Finally, Loop Capital increased their price target on Mastercard to $232.00 and gave the stock a buy rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $208.56. Read more …

Edward Jones upgraded shares of Wells Fargo & Co (NYSE:WFC) from a hold rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat.com reports. Several other research analysts also recently weighed in on the company. Macquarie downgraded Wells Fargo & Co from an outperform rating to a neutral rating in a research note on Friday, September 7th. They noted that the move was a valuation call. Morgan Stanley reduced their target price on Wells Fargo & Co from $62.00 to $61.00 and set an equal weight rating for the company in a research note on Monday, July 16th. Susquehanna Bancshares set a $63.00 target price on Wells Fargo & Co and gave the stock a hold rating in a research note on Friday, July 13th. Zacks Investment Research downgraded Wells Fargo & Co from a buy rating to a hold rating in a research note on Monday, July 30th. Finally, Keefe, Bruyette & Woods raised Wells Fargo & Co from a market perform rating to an outperform rating and upped their target price for the stock from $57.00 to $63.00 in a research note on Sunday, July 15th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. Wells Fargo & Co currently has a consensus rating of Hold and an average price target of $63.28. Read more …

Raymond James upgraded shares of Bed Bath & Beyond (NASDAQ:BBBY) from an underperform rating to a market perform rating in a report issued on Monday morning, MarketBeat.com reports. BBBY has been the topic of several other research reports. Zacks Investment Research raised Bed Bath & Beyond from a strong sell rating to a hold rating in a research note on Tuesday, June 12th. Wells Fargo & Co reaffirmed a sell rating and issued a $16.00 price target on shares of Bed Bath & Beyond in a research note on Wednesday, June 27th. BidaskClub raised Bed Bath & Beyond from a buy rating to a strong-buy rating in a research note on Thursday, June 28th. Wedbush set a $18.00 price target on Bed Bath & Beyond and gave the company a hold rating in a research note on Thursday, September 13th. Finally, Credit Suisse Group set a $20.00 price target on Bed Bath & Beyond and gave the company a hold rating in a research note on Friday, June 29th. Eight investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $20.00. Read more …

Robert W. Baird upgraded shares of Caterpillar (NYSE:CAT) from a neutral rating to an outperform rating in a research report released on Thursday, Marketbeat.com reports. Robert W. Baird currently has $158.00 target price on the industrial products company’s stock. Several other equities analysts also recently weighed in on the company. ValuEngine downgraded Caterpillar from a buy rating to a hold rating in a research note on Friday, June 1st. Tigress Financial reaffirmed a buy rating on shares of Caterpillar in a research note on Friday, August 17th. Goldman Sachs Group downgraded Caterpillar from a conviction-buy rating to a buy rating in a research note on Monday, July 16th. UBS Group set a $185.00 price objective on Caterpillar and gave the company a buy rating in a research note on Wednesday, September 5th. Finally, Deutsche Bank set a $177.00 price target on Caterpillar and gave the stock a buy rating in a research report on Wednesday, September 5th. Twelve investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $172.35. Read more…



Macquarie upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a neutral rating to an outperform rating in a research report released on Thursday, Marketbeat.com reports. CNI has been the subject of several other reports. Deutsche Bank upgraded shares of Canadian National Railway from a hold rating to a buy rating and increased their price objective for the stock from $81.00 to $95.00 in a research report on Monday, July 9th. BMO Capital Markets cut shares of Canadian National Railway from an outperform rating to a market perform rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Credit Suisse Group increased their price objective on shares of Canadian National Railway from $85.00 to $89.00 and gave the stock a neutral rating in a research report on Wednesday, July 25th. Loop Capital reiterated a hold rating on shares of Canadian National Railway in a research report on Wednesday, July 25th. Finally, Stifel Nicolaus set a $83.00 price objective on shares of Canadian National Railway and gave the stock a hold rating in a research report on Tuesday, July 24th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $89.80. Read more …

Eaton (NYSE:ETN) was upgraded by stock analysts at UBS Group to a “buy” rating in a research report issued on Friday, www.tipranks.com reports. The firm presently has a $100.00 target price on the industrial products company’s stock. UBS Group’s price objective would indicate a potential upside of 13.22% from the stock’s previous close. Several other brokerages also recently weighed in on ETN. Barclays raised their price target on Eaton from $71.00 to $77.00 and gave the stock an “underweight” rating in a report on Wednesday, August 1st. Wells Fargo & Co set a $92.00 price target on Eaton and gave the stock a “buy” rating in a report on Wednesday, August 1st. Royal Bank of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Eaton in a report on Tuesday, July 31st. Zacks Investment Research downgraded Eaton from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Morgan Stanley assumed coverage on Eaton in a report on Monday, August 20th. They issued an “equal weight” rating and a $86.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Eaton presently has a consensus rating of “Buy” and an average price target of $88.33. Read more …

AT&T (NYSE:T) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports. The firm currently has a $38.00 price target on the technology company’s stock, up from their prior price target of $33.00. UBS Group’s price target points to a potential upside of 11.63% from the stock’s current price. The analysts noted that the move was a valuation call. Several other equities research analysts also recently issued reports on the stock. Jefferies Financial Group downgraded shares of AT&T from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.80 to $31.17 in a research note on Thursday, June 7th. Credit Suisse Group assumed coverage on shares of AT&T in a research note on Tuesday, July 10th. They set an “underperform” rating and a $29.00 price target on the stock. Bank of America reaffirmed a “buy” rating on shares of AT&T in a research note on Tuesday, August 21st. Scotiabank set a $33.00 price target on shares of AT&T and gave the stock a “hold” rating in a research note on Monday, July 23rd. Finally, Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, July 17th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $38.06. Read more …


Downgrades:


Barclays downgraded shares of Costco Wholesale (NASDAQ:COST) from an overweight rating to an equal weight rating in a report published on Monday morning, The Fly reports. They currently have $240.00 price objective on the retailer’s stock. COST has been the topic of several other research reports. Oppenheimer boosted their price target on Costco Wholesale from $210.00 to $250.00 and gave the stock an outperform rating in a research note on Tuesday, August 21st. Wells Fargo & Co cut Costco Wholesale from an outperform rating to a market perform rating and set a $235.00 price target on the stock. in a research note on Friday. Loop Capital set a $265.00 price target on Costco Wholesale and gave the stock a buy rating in a research note on Thursday, September 6th. Royal Bank of Canada boosted their price target on Costco Wholesale to $213.00 and gave the stock an outperform rating in a research note on Tuesday, May 29th. Finally, Robert W. Baird boosted their price target on Costco Wholesale from $230.00 to $250.00 and gave the stock an outperform rating in a research note on Tuesday, September 4th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $225.33. Read more …

BMO Capital Markets cut shares of Hormel Foods (NYSE:HRL) from an outperform rating to a market perform rating in a research note published on Monday, The Fly reports. They currently have $44.00 price target on the stock, up from their prior price target of $38.00. The analysts noted that the move was a valuation call. A number of other research analysts have also commented on HRL. Zacks Investment Research upgraded shares of Hormel Foods from a sell rating to a hold rating in a research note on Tuesday, May 22nd. ValuEngine upgraded shares of Hormel Foods from a hold rating to a buy rating in a research note on Thursday, September 6th. Jefferies Financial Group restated a buy rating and issued a $42.00 price objective on shares of Hormel Foods in a research note on Thursday, May 31st. Buckingham Research dropped their price objective on shares of Hormel Foods from $34.00 to $32.00 and set a neutral rating on the stock in a research note on Friday, May 25th. Finally, Barclays lowered shares of Hormel Foods from an overweight rating to an equal weight rating and set a $38.00 price objective on the stock. in a research note on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $36.90. Read more …

Goldman Sachs Group lowered shares of Visa (NYSE:V) from a conviction-buy rating to a buy rating in a research note issued to investors on Monday, The Fly reports. Goldman Sachs Group currently has $160.00 price target on the credit-card processor’s stock. A number of other research analysts have also recently issued reports on the company. KeyCorp lifted their price objective on Visa from $145.00 to $160.00 and gave the company an overweight rating in a research note on Thursday, July 26th. Zacks Investment Research cut Visa from a buy rating to a hold rating in a research note on Wednesday, August 1st. Buckingham Research lifted their price objective on Visa from $152.00 to $169.00 and gave the company a buy rating in a research note on Tuesday, June 26th. Wedbush lifted their price objective on Visa from $135.00 to $150.00 and gave the company an outperform rating in a research note on Wednesday, June 6th. Finally, Bank of America lifted their price objective on Visa from $146.00 to $155.00 and gave the company a buy rating in a research note on Tuesday, July 17th. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $150.75. Read more …

Royal Bank of Canada downgraded shares of ConocoPhillips (NYSE:COP) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday morning, Marketbeat reports. Royal Bank of Canada currently has $90.00 price objective on the energy producer’s stock. The analysts noted that the move was a valuation call. COP has been the topic of a number of other research reports. Zacks Investment Research upgraded ConocoPhillips from a hold rating to a buy rating and set a $81.00 target price on the stock in a research note on Thursday, August 23rd. Mizuho assumed coverage on ConocoPhillips in a research note on Friday, June 8th. They issued a neutral rating and a $73.00 target price on the stock. Barclays increased their target price on ConocoPhillips from $78.00 to $84.00 and gave the stock an overweight rating in a research note on Wednesday, July 11th. JPMorgan Chase & Co. increased their target price on ConocoPhillips from $82.00 to $85.00 and gave the stock an overweight rating in a research note on Friday, July 27th. Finally, Morgan Stanley increased their target price on ConocoPhillips from $83.00 to $84.00 and gave the stock a buy rating in a research note on Thursday, August 16th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. ConocoPhillips currently has a consensus rating of Buy and an average price target of $72.15. Read more …

Scotiabank cut shares of Nutrien (NYSE:NTR) from a focus list rating to an outperform rating in a research note published on Thursday morning, The Fly reports. Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Nutrien from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Wednesday, July 25th. Royal Bank of Canada set a $63.00 price objective on Nutrien and gave the company a buy rating in a research report on Thursday, August 2nd. ValuEngine upgraded Nutrien from a hold rating to a buy rating in a research report on Tuesday, June 26th. Citigroup raised their price objective on Nutrien from $56.00 to $62.00 and gave the company a buy rating in a research report on Wednesday, July 11th. Finally, Stephens set a $64.00 price objective on Nutrien and gave the company a buy rating in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $61.31. Read more …

Johnson Controls International (NYSE:JCI) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued on Friday, The Fly reports. Several other equities analysts have also commented on JCI. ValuEngine lowered Johnson Controls International from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Zacks Investment Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, June 12th. Wolfe Research started coverage on Johnson Controls International in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Barclays dropped their target price on Johnson Controls International from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, July 9th. Finally, Royal Bank of Canada reissued a “sell” rating and issued a $31.00 target price on shares of Johnson Controls International in a report on Friday, July 13th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $41.67. Read more …

Xcel Energy (NYSE:XEL) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Friday, MarketBeat Ratings reports. They presently have a $50.00 price target on the utilities provider’s stock, down from their previous price target of $52.00. Morgan Stanley’s target price would indicate a potential upside of 5.89% from the company’s previous close. XEL has been the subject of a number of other reports. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, May 24th. Barclays began coverage on shares of Xcel Energy in a research report on Tuesday, July 10th. They set an “overweight” rating and a $53.00 price target for the company. Finally, Bank of America reaffirmed a “neutral” rating on shares of Xcel Energy in a research report on Wednesday, June 27th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Xcel Energy presently has a consensus rating of “Hold” and a consensus price target of $48.00. Read more …


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