Notable Analyst Upgrades and Downgrades for Week of June 24, 2019

Upgrades:

Nike (NYSE:NKE) was upgraded by Bank of America to an “underperform” rating in a research note issued to investors on Monday, The Fly reports. A number of other equities research analysts also recently weighed in on the company. Morgan Stanley set a $103.00 price objective on Nike and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity reaffirmed a “buy” rating and set a $96.00 price objective on shares of Nike in a report on Wednesday, June 19th. UBS Group set a $85.00 price objective on Nike and gave the company a “neutral” rating in a report on Monday, June 17th. Zacks Investment Research raised Nike from a “sell” rating to a “hold” rating and set a $95.00 price objective on the stock in a report on Monday, May 27th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $90.00 price objective on shares of Nike in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $87.58. Read more …

Deere & Company (NYSE:DE) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports. A number of other analysts have also issued reports on DE. Zacks Investment Research lowered Deere & Company from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. UBS Group initiated coverage on Deere & Company in a research note on Tuesday, April 23rd. They issued a “neutral” rating and a $238.00 price target on the stock. Macquarie initiated coverage on Deere & Company in a research note on Wednesday, May 1st. They issued an “outperform” rating on the stock. Berenberg Bank initiated coverage on Deere & Company in a research note on Thursday, May 9th. They issued a “hold” rating on the stock. Finally, Robert W. Baird lowered Deere & Company from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $166.00 to $150.00 in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Deere & Company currently has an average rating of “Buy” and a consensus target price of $165.82. Read more …

United Technologies (NYSE:UTX) was upgraded by investment analysts at Cowen from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a $150.00 target price on the conglomerate’s stock, up from their prior target price of $135.00. Cowen’s price target points to a potential upside of 15.23% from the company’s previous close. Several other brokerages have also recently weighed in on UTX. Zacks Investment Research raised shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Morgan Stanley boosted their price objective on shares of United Technologies from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Vertical Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Friday, June 14th. Barclays boosted their price objective on shares of United Technologies from $142.00 to $149.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $159.00 price objective on shares of United Technologies in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $150.50. Read more …

ConocoPhillips (NYSE:COP) was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports. Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Credit Suisse Group lowered shares of ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 price target on the stock. in a research note on Wednesday, May 1st. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Wednesday, March 13th. Piper Jaffray Companies upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $68.00 to $75.00 in a research note on Thursday, March 21st. Finally, Morgan Stanley increased their price target on shares of ConocoPhillips from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $78.36. Read more …

Centurylink (NYSE:CTL) was upgraded by equities research analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $14.00 price objective on the technology company’s stock, up from their prior price objective of $12.00. Wells Fargo & Co‘s price target suggests a potential upside of 20.27% from the company’s current price. A number of other research firms have also recently issued reports on CTL. Bank of America cut Centurylink from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Tuesday, February 26th. Zacks Investment Research upgraded Centurylink from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, March 13th. Edward Jones cut Centurylink to a “sell” rating in a report on Tuesday, March 5th. Citigroup upgraded Centurylink from a “sell” rating to a “neutral” rating in a report on Thursday, May 9th. Finally, Guggenheim upgraded Centurylink from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a report on Thursday, May 23rd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.39. Read more …

Wolfe Research upgraded shares of AbbVie (NYSE:ABBV) from an underperform rating to a peer perform rating in a research note issued to investors on Thursday morning, Briefing.com Automated Import reports. Other analysts have also issued reports about the stock. Argus lowered shares of AbbVie from a buy rating to a hold rating in a research note on Monday, March 25th. BMO Capital Markets raised shares of AbbVie from an underperform rating to a market perform rating and upped their price objective for the stock from $71.00 to $79.00 in a research note on Sunday, April 28th. Credit Suisse Group set a $78.00 target price on shares of AbbVie and gave the stock a sell rating in a report on Friday, April 26th. Citigroup reiterated a hold rating on shares of AbbVie in a report on Wednesday. Finally, Goldman Sachs Group assumed coverage on shares of AbbVie in a report on Tuesday, May 28th. They issued a neutral rating and a $84.00 target price for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $95.73. Read more …

Goldman Sachs Group upgraded shares of Procter & Gamble (NYSE:PG) from a neutral rating to a buy rating in a research note released on Thursday, The Fly reports. Several other analysts have also recently weighed in on the company. Wells Fargo & Co raised Procter & Gamble from a market perform rating to an outperform rating and lifted their price target for the stock from $78.00 to $115.00 in a report on Monday, April 8th. Zacks Investment Research lowered Procter & Gamble from a buy rating to a hold rating in a research note on Tuesday, March 26th. Morgan Stanley set a $111.00 price objective on Procter & Gamble and gave the stock a buy rating in a research note on Thursday, March 28th. Barclays upgraded Procter & Gamble from an equal weight rating to an overweight rating and raised their price objective for the stock from $94.00 to $112.00 in a research note on Wednesday, April 24th. Finally, Credit Suisse Group restated a neutral rating and set a $100.00 price objective on shares of Procter & Gamble in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Procter & Gamble currently has an average rating of Hold and a consensus price target of $101.58. Read more …

Downgrades:

International Paper (NYSE:IP) was downgraded by stock analysts at Stephens from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday, MarketBeat reports. They presently have a $60.00 price objective on the basic materials company’s stock. Stephens’ price target suggests a potential upside of 41.74% from the company’s current price. IP has been the topic of several other research reports. Citigroup upped their price objective on International Paper from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Bank of America downgraded International Paper from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. UBS Group reduced their price objective on International Paper from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Royal Bank of Canada downgraded International Paper from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $54.00 to $47.00 in a report on Friday, April 5th. Finally, Barclays reduced their price objective on International Paper from $40.00 to $39.00 and set an “underweight” rating on the stock in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.64. Read more …

WEC Energy Group (NYSE:WEC) was downgraded by stock analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Monday, The Fly reports. Several other equities analysts have also recently weighed in on the stock. Argus increased their price objective on shares of WEC Energy Group to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Goldman Sachs Group cut shares of WEC Energy Group from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $71.00 to $70.00 in a research note on Monday, April 8th. KeyCorp assumed coverage on shares of WEC Energy Group in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Scotiabank lowered shares of WEC Energy Group from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $76.00 to $78.00 in a report on Wednesday, May 8th. Finally, Wolfe Research set a $77.00 target price on shares of WEC Energy Group and gave the stock a “sell” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $74.33. Read more …

Sherwin-Williams (NYSE:SHW) was downgraded by research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, The Fly reports. Several other research analysts also recently issued reports on SHW. Zacks Investment Research upgraded shares of Sherwin-Williams from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Evercore ISI started coverage on shares of Sherwin-Williams in a report on Wednesday, March 20th. They set an “outperform” rating and a $495.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Sherwin-Williams from an “overweight” rating to a “neutral” rating and set a $435.00 price objective on the stock. in a report on Friday, March 22nd. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $455.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Wells Fargo & Co boosted their price objective on shares of Sherwin-Williams from $475.00 to $510.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus target price of $480.05. Read more …

Ross Stores (NASDAQ:ROST) was downgraded by Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report released on Thursday, The Fly reports. ROST has been the subject of a number of other research reports. Guggenheim reaffirmed a “buy” rating and issued a $105.00 price target on shares of Ross Stores in a report on Tuesday, March 5th. BidaskClub raised Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 22nd. Wells Fargo & Co increased their target price on Ross Stores from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. DA Davidson increased their target price on Ross Stores to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Finally, Robert W. Baird began coverage on Ross Stores in a report on Monday, May 13th. They set an “outperform” rating and a $108.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $99.23. Read more …

Travelers Companies (NYSE:TRV) was downgraded by analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a report released on Thursday, The Fly reports. A number of other equities research analysts have also recently weighed in on TRV. Barclays upped their price target on Travelers Companies from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Tuesday, March 26th. UBS Group upped their price target on Travelers Companies from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Royal Bank of Canada restated a “neutral” rating and issued a $145.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. Finally, Morgan Stanley upped their price target on Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $142.31. Read more …

Stephens lowered shares of Darden Restaurants (NYSE:DRI) from an overweight rating to an equal weight rating in a research report sent to investors on Friday morning, 24/7 WallStreet reports. They currently have $121.75 price objective on the restaurant operator’s stock. DRI has been the subject of a number of other reports. Zacks Investment Research lowered shares of Darden Restaurants from a buy rating to a hold rating and set a $125.00 price target for the company. in a research note on Wednesday, June 12th. SunTrust Banks lifted their price target on shares of Darden Restaurants to $141.00 and gave the stock a buy rating in a research note on Friday, March 22nd. Wells Fargo & Co reduced their price target on shares of Darden Restaurants from $120.00 to $117.00 and set a market perform rating for the company in a research note on Tuesday, June 11th. BTIG Research lifted their price target on shares of Darden Restaurants to $134.00 and gave the stock a buy rating in a research note on Friday, March 22nd. Finally, Evercore ISI initiated coverage on shares of Darden Restaurants in a research note on Tuesday, June 11th. They issued an outperform rating and a $135.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $130.39. Read more …