Notable Analyst Upgrades and Downgrades for Week of July 8, 2019



Upgrades:


Johnson Controls International (NYSE:JCI) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.

A number of other research analysts also recently issued reports on JCI. Wells Fargo & Co upgraded Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Monday, March 18th. Zacks Investment Research raised Johnson Controls International from a “strong sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Tuesday, March 19th. TheStreet raised Johnson Controls International from a “c+” rating to a “b-” rating in a report on Thursday, May 9th. Credit Suisse Group initiated coverage on Johnson Controls International in a report on Monday, May 13th. They set a “neutral” rating and a $42.00 price objective on the stock. Finally, Citigroup initiated coverage on Johnson Controls International in a report on Wednesday, June 5th. They set a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $39.64. Read more …

Comcast (NASDAQ:CMCSA) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports. The firm presently has a $54.00 price objective on the cable giant’s stock, up from their previous price objective of $44.00. Goldman Sachs Group’s target price would indicate a potential upside of 23.61% from the company’s current price.

Several other equities research analysts also recently weighed in on CMCSA. BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Macquarie assumed coverage on Comcast in a research report on Wednesday, June 19th. They issued a “buy” rating and a $50.00 target price for the company. Morgan Stanley upped their target price on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Pivotal Research reaffirmed a “buy” rating and issued a $54.00 target price on shares of Comcast in a research report on Wednesday, June 26th. Finally, Raymond James downgraded Comcast from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $25.00 to $21.00 in a research report on Friday, June 14th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.92. Read more …

Freeport-McMoRan (NYSE:FCX) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has a $13.50 price objective on the natural resource company’s stock, up from their prior price objective of $12.50. Deutsche Bank’s price objective would suggest a potential upside of 21.62% from the company’s current price.

Several other brokerages have also weighed in on FCX. BMO Capital Markets set a $32.00 price objective on Axalta Coating Systems and gave the company a “hold” rating in a report on Friday, April 26th. Barclays set a $192.00 price objective on Tesla and gave the company a “sell” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. initiated coverage on Pinduoduo in a report on Tuesday. They issued an “underweight” rating and a $20.48 price objective for the company. Zacks Investment Research lowered Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.71. Read more …


Altria Group (NYSE:MO) was upgraded by analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.

Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Citigroup set a $221.00 price objective on shares of 3M and gave the company a “buy” rating in a report on Friday, April 26th. TheStreet lowered shares of 22nd Century Group from a “c-” rating to a “d+” rating in a report on Friday, March 29th. Zacks Investment Research lowered shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Finally, Morgan Stanley cut their price objective on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $61.91. Read more …



Downgrades:


Morgan Stanley lowered shares of Bank of New York Mellon (NYSE:BK) from an overweight rating to an underweight rating in a report released on Monday, BenzingaRatingsTable reports.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank upped their target price on shares of Bank of New York Mellon from $57.00 to $58.00 and gave the company a buy rating in a research note on Friday, March 15th. ValuEngine upgraded shares of Bank of New York Mellon from a sell rating to a hold rating in a research note on Friday, May 3rd. Zacks Investment Research cut shares of Bank of New York Mellon from a hold rating to a sell rating in a research note on Monday, April 29th. Royal Bank of Canada cut their target price on shares of Bank of New York Mellon to $52.00 and set a positive rating for the company in a research note on Thursday, April 18th. Finally, Buckingham Research cut their target price on shares of Bank of New York Mellon from $56.00 to $53.00 and set a neutral rating for the company in a research note on Thursday, April 18th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $51.10. Read more …

Royal Bank of Canada downgraded shares of 3M (NYSE:MMM) from an outperform rating to a sector perform rating in a report released on Monday morning, The Fly reports.

MMM has been the topic of a number of other reports. Wolfe Research set a $174.00 price target on shares of 3M and gave the stock a sell rating in a report on Friday, April 26th. Barclays restated a sell rating and issued a $162.00 price target on shares of 3M in a report on Thursday, June 6th. Morgan Stanley cut their price target on shares of 3M from $184.00 to $172.00 and set an equal weight rating on the stock in a report on Friday, May 24th. Citigroup set a $221.00 price target on shares of 3M and gave the stock a buy rating in a report on Friday, April 26th. Finally, Deutsche Bank cut their price target on shares of 3M from $188.00 to $183.00 and set a hold rating on the stock in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $191.15. Read more …

Verizon Communications (NYSE:VZ) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Monday, MarketBeat Ratings reports. They currently have a $62.00 price target on the cell phone carrier’s stock. Citigroup‘s price target would suggest a potential upside of 9.91% from the stock’s current price.

A number of other equities analysts have also commented on VZ. Goldman Sachs Group restated a “buy” rating and issued a $65.00 price objective on shares of Verizon Communications in a research report on Tuesday, April 23rd. Bank of America set a $64.00 price objective on shares of Verizon Communications and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Verizon Communications in a research note on Tuesday, April 23rd. Zacks Investment Research downgraded shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Finally, UBS Group downgraded shares of Verizon Communications from a “buy” rating to a “neutral” rating and set a $57.70 target price on the stock. in a research note on Thursday, May 30th. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $59.20. Read more …

BP (LON:BP) was downgraded by analysts at Credit Suisse Group to a “neutral” rating in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also issued reports on BP. Deutsche Bank reissued a “buy” rating and issued a GBX 615 ($8.04) target price on shares of BP in a research report on Wednesday, April 24th. Jefferies Financial Group decreased their target price on BP from GBX 610 ($7.97) to GBX 555 ($7.25) and set a “hold” rating for the company in a research report on Tuesday, April 9th. HSBC decreased their target price on BP from GBX 660 ($8.62) to GBX 650 ($8.49) and set a “buy” rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on BP from GBX 600 ($7.84) to GBX 625 ($8.17) and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 625 ($8.17) target price on shares of BP in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. BP currently has a consensus rating of “Buy” and a consensus target price of GBX 650.59 ($8.50). Read more …

Deere & Company (NYSE:DE) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.

Several other equities analysts have also weighed in on the stock. Macquarie set a $132.00 price objective on shares of Deere & Company and gave the company a “hold” rating in a research report on Monday, May 20th. Robert W. Baird raised shares of Deere & Company from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $129.00 to $175.00 in a research report on Sunday, June 16th. Jefferies Financial Group raised shares of Deere & Company from a “hold” rating to a “buy” rating and raised their price objective for the company from $150.00 to $190.00 in a research report on Monday, June 24th. Royal Bank of Canada dropped their price target on shares of Deere & Company from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, May 20th. Finally, Berenberg Bank assumed coverage on shares of Deere & Company in a research report on Thursday, May 9th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Deere & Company currently has a consensus rating of “Hold” and an average target price of $167.44. Read more …

Parker-Hannifin (NYSE:PH) was downgraded by equities researchers at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, Marketbeat reports. They presently have a $175.00 price target on the industrial products company’s stock. Wells Fargo & Co‘s target price points to a potential upside of 7.09% from the company’s previous close.

Several other analysts also recently weighed in on PH. Stifel Nicolaus raised shares of QUALCOMM from a “hold” rating to a “buy” rating and lifted their target price for the company from $57.00 to $100.00 in a report on Tuesday, April 16th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on shares of Diageo and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the company a “hold” rating in a report on Friday, June 14th. Barclays lifted their target price on shares of Stanley Black & Decker from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, Citigroup lifted their target price on shares of SolarWinds from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $179.12. Read more …

Wells Fargo & Co (NYSE:WFC) was downgraded by equities researchers at Wolfe Research from a “peer perform” rating to an “underperform” rating in a report issued on Wednesday, MarketBeat reports.

A number of other research analysts also recently issued reports on WFC. Buckingham Research downgraded Carnival from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $65.00 to $54.00 in a research note on Monday, April 15th. Deutsche Bank reissued a “buy” rating and issued a $24.00 price objective on shares of ABB in a research note on Tuesday, May 21st. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Goldman Sachs Group lowered Encana to a “buy” rating in a research report on Friday, April 12th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.12. Read more …


Iron Mountain (NYSE:IRM) was downgraded by stock analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, Benzinga’s Daily Ratings Newsletter reports. They currently have a $25.00 price target on the financial services provider’s stock, down from their previous price target of $33.00. Bank of America‘s price objective suggests a potential downside of 15.75% from the company’s previous close.

IRM has been the subject of a number of other research reports. Robert W. Baird set a $120.00 target price on shares of BioMarin Pharmaceutical and gave the stock a “buy” rating in a report on Friday, April 26th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. TheStreet raised shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a report on Tuesday, May 14th. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Co increased their target price on shares of Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Iron Mountain presently has a consensus rating of “Hold” and a consensus price target of $33.73. Read more …

Air Products & Chemicals (NYSE:APD) was downgraded by equities researchers at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

A number of other analysts have also weighed in on the company. Vertical Research lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. UBS Group upped their target price on LyondellBasell Industries from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday. BMO Capital Markets upped their target price on Air Products & Chemicals to $235.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. KeyCorp lowered Steris from an “overweight” rating to a “sector weight” rating in a report on Tuesday. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Air Products & Chemicals has an average rating of “Buy” and an average price target of $216.42. Read more …

International Paper (NYSE:IP) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Benzinga’s Daily Ratings Newsletter reports. They currently have a $45.00 price target on the basic materials company’s stock, down from their previous price target of $53.00. Citigroup‘s price target indicates a potential upside of 5.51% from the stock’s previous close.

Several other brokerages have also weighed in on IP. Barclays reiterated a “sell” rating on shares of easyJet in a research report on Monday, April 1st. KeyCorp reiterated a “hold” rating on shares of International Paper in a research report on Wednesday, July 3rd. UBS Group reiterated a “sell” rating on shares of in a research report on Monday, June 24th. Royal Bank of Canada upgraded shares of Snap from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $10.00 to $17.00 in a research report on Friday, April 5th. Finally, Bank of America lowered shares of Propetro from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.80. Read more …

Old Republic International (NYSE:ORI) was downgraded by equities researchers at JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued on Friday, The Fly reports.


A number of other research analysts have also weighed in on the company. TheStreet raised United States Lime & Minerals from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a report on Tuesday, June 25th. Read more …



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