May 2, 2020

Notable Analyst Upgrades and Downgrades for Week of April 27, 2020



Upgrades:


Ross Stores (NASDAQ:ROST) was upgraded by stock analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $108.00 target price on the apparel retailer’s stock, up from their previous target price of $87.00. DA Davidson’s target price would suggest a potential upside of 16.71% from the company’s previous close.

Several other brokerages have also recently issued reports on ROST. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Ross Stores in a research note on Monday, March 2nd. Nomura Securities lowered their target price on shares of Ross Stores from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 31st. Wells Fargo & Co raised shares of Ross Stores from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $110.00 in a research note on Monday, March 30th. Gordon Haskett initiated coverage on shares of Ross Stores in a research report on Wednesday, January 29th. They set an “accumulate” rating and a $132.00 price target on the stock. Finally, Morgan Stanley reissued a “buy” rating and set a $105.00 price target on shares of Ross Stores in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Ross Stores has an average rating of “Buy” and a consensus target price of $113.83. Read more …

TJX Companies (NYSE:TJX) was upgraded by stock analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a $60.00 target price on the apparel and home fashions retailer’s stock. Atlantic Securities’ target price indicates a potential upside of 16.41% from the stock’s previous close.


Other equities research analysts have also recently issued reports about the stock. Deutsche Bank boosted their price target on shares of TJX Companies from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Citigroup cut their price target on shares of TJX Companies from $70.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Cfra raised shares of TJX Companies from a “buy” rating to a “strong-buy” rating and boosted their price target for the stock from $66.00 to $76.00 in a research report on Wednesday, February 26th. Morgan Stanley cut shares of TJX Companies to a “hold” rating in a research report on Friday, April 17th. Finally, Jefferies Financial Group upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $66.04. Read more …

Consolidated Edison (NYSE:ED) was upgraded by equities researchers at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $91.00 target price on the utilities provider’s stock. Bank of America‘s price objective suggests a potential upside of 11.96% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Guggenheim cut shares of Consolidated Edison from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 7th. UBS Group lowered their price objective on shares of Consolidated Edison from $96.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Mizuho cut shares of Consolidated Edison from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $98.00 to $91.00 in a research note on Monday, February 24th. Morgan Stanley lowered their price objective on shares of Consolidated Edison from $89.00 to $84.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th. Finally, Citigroup decreased their target price on shares of Consolidated Edison from $89.00 to $78.50 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Consolidated Edison currently has an average rating of “Hold” and an average target price of $85.83. Read more …

Southwest Airlines (NYSE:LUV) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.


LUV has been the topic of a number of other reports. Susquehanna Bancshares upgraded Southwest Airlines from a “neutral” rating to a “positive” rating and set a $41.00 price target on the stock in a report on Tuesday, April 21st. Evercore ISI upgraded Southwest Airlines from an “in-line” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Monday, March 2nd. Barclays reiterated a “hold” rating on shares of Southwest Airlines in a report on Tuesday, March 24th. Cowen lowered their target price on Southwest Airlines from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Finally, Vertical Research lowered Southwest Airlines from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research note on Thursday, January 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.89. Read more …


California Water Service Group (NYSE:CWT) was upgraded by Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Briefing.com Automated Import reports.


CWT has been the subject of a number of other reports. ValuEngine lowered California Water Service Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Zacks Investment Research upgraded California Water Service Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.00. Read more …

Kellogg (NYSE:K) was upgraded by equities researchers at Consumer Edge from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a $65.00 target price on the stock. Consumer Edge’s target price indicates a potential upside of 0.22% from the stock’s current price.

Other equities analysts also recently issued reports about the company. ValuEngine raised Kellogg from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Investment Research cut Kellogg from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a research report on Tuesday, February 11th. Morgan Stanley dropped their price target on Kellogg from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday, March 23rd. BMO Capital Markets upgraded Kellogg from a “market perform” rating to an “outperform” rating and raised their price target for the company from $70.00 to $79.00 in a research report on Thursday, January 9th. Finally, Credit Suisse Group upgraded Kellogg from a “neutral” rating to an “outperform” rating and raised their price target for the company from $60.00 to $78.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.06. Read more …



Downgrades:


UBS Group lowered shares of Gilead Sciences (NASDAQ:GILD) from a buy rating to a neutral rating in a research note published on Monday morning, Benzinga reports. The brokerage currently has $80.00 price objective on the biopharmaceutical company’s stock, up from their prior price objective of $77.00.

A number of other equities analysts have also recently weighed in on the stock. Mizuho began coverage on shares of Gilead Sciences in a research report on Thursday, April 23rd. They set a buy rating and a $81.00 price objective for the company. Maxim Group started coverage on shares of Gilead Sciences in a research report on Saturday, April 18th. They set a hold rating for the company. TheStreet upgraded shares of Gilead Sciences from a c rating to a b- rating in a research report on Friday, February 21st. Wolfe Research started coverage on shares of Gilead Sciences in a research report on Tuesday, March 31st. They issued a market perform rating and a $65.00 target price for the company. Finally, Wells Fargo & Co lowered shares of Gilead Sciences from an overweight rating to an equal weight rating and set a $87.00 price objective for the company. in a report on Monday, April 20th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $77.11. Read more …

Johnson & Johnson (NYSE:JNJ) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.

A number of other equities analysts also recently issued reports on the stock. Bank of America upgraded shares of Johnson & Johnson from a “neutral” rating to a “buy” rating and increased their price target for the company from $150.00 to $175.00 in a report on Wednesday, April 22nd. Credit Suisse Group increased their price objective on shares of Johnson & Johnson from $155.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Morgan Stanley lowered their price objective on shares of Johnson & Johnson from $170.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, March 27th. Wells Fargo & Co raised shares of Johnson & Johnson to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $168.00 price objective on shares of Johnson & Johnson in a research note on Friday, April 3rd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $162.36. Read more …
Unilever (NYSE:UN) was downgraded by investment analysts at DZ Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, The Fly reports.

Several other research firms have also commented on UN. Barclays upgraded Unilever from an “underweight” rating to an “equal weight” rating in a report on Thursday, April 2nd. Berenberg Bank downgraded Unilever to a “hold” rating in a research report on Monday, February 3rd. HSBC downgraded Unilever from a “hold” rating to a “reduce” rating in a research report on Tuesday, January 7th. Morgan Stanley cut shares of Unilever from an “overweight” rating to an “underweight” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to a “neutral” rating in a research note on Tuesday, March 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $60.00. Read more …

Tyson Foods (NYSE:TSN) was downgraded by Piper Sandler from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports. They currently have a $66.00 price target on the stock, down from their prior price target of $100.00. Piper Sandler’s price target would suggest a potential upside of 5.10% from the stock’s previous close.


Several other research firms have also issued reports on TSN. Sanford C. Bernstein lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $88.00 to $65.00 in a research report on Friday, April 24th. Cfra raised shares of Tyson Foods to a “buy” rating and set a $105.00 price objective for the company in a research note on Wednesday, January 29th. Buckingham Research decreased their target price on shares of Tyson Foods from $92.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Stephens decreased their target price on shares of Tyson Foods from $95.00 to $84.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, ValuEngine lowered shares of Tyson Foods from a “hold” rating to a “sell” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $80.47. Read more …

Hormel Foods (NYSE:HRL) was downgraded by equities research analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a report released on Tuesday, MarketBeat Ratings reports. They presently have a $47.00 price target on the stock. Piper Sandler’s price target suggests a potential downside of 1.26% from the stock’s current price.


A number of other equities analysts have also weighed in on the stock. Goldman Sachs Group upgraded shares of Hormel Foods from a “sell” rating to a “neutral” rating and lifted their price target for the company from $35.00 to $45.00 in a report on Thursday, March 26th. ValuEngine lowered shares of Hormel Foods from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Cfra upgraded shares of Hormel Foods from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a report on Monday, March 9th. Finally, Barclays lifted their price target on shares of Hormel Foods from $40.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Hormel Foods presently has a consensus rating of “Hold” and a consensus target price of $42.90. Read more …

Walmart (NYSE:WMT) was downgraded by equities researchers at Gordon Haskett from a “buy” rating to an “accumulate” rating in a report released on Wednesday, The Fly reports. They presently have a $140.00 price target on the retailer’s stock, up from their prior price target of $130.00. Gordon Haskett’s target price indicates a potential upside of 9.38% from the stock’s previous close. The analysts noted that the move was a valuation call.

WMT has been the subject of a number of other research reports. Cleveland Research raised shares of Walmart from a “neutral” rating to a “buy” rating in a report on Tuesday, March 24th. Morgan Stanley upped their price objective on shares of Walmart from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 31st. Deutsche Bank upped their price objective on shares of Walmart from $129.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Exane BNP Paribas cut shares of Walmart to an “underperform” rating and set a $98.00 price objective for the company. in a research report on Thursday, March 26th. Finally, Oppenheimer upped their price objective on shares of Walmart from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have given a buy rating to the company’s stock. Walmart currently has an average rating of “Buy” and a consensus target price of $126.79. Read more …

Albemarle (NYSE:ALB) was downgraded by Loop Capital from a “buy” rating to a “sell” rating in a report released on Wednesday, Marketbeat.com reports. They presently have a $48.00 target price on the specialty chemicals company’s stock, down from their prior target price of $99.00. Loop Capital’s price objective would suggest a potential downside of 25.36% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Co dropped their target price on Albemarle from $105.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Royal Bank of Canada lifted their price target on shares of Albemarle from $71.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Friday, February 21st. They noted that the move was a valuation call. Vertical Research lowered shares of Albemarle from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. HSBC lowered shares of Albemarle from a “buy” rating to a “hold” rating and set a $89.00 price target on the stock. in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets lowered their price objective on shares of Albemarle from $115.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $77.46. Read more …


Rockwell Automation (NYSE:ROK) was downgraded by Rosenblatt Securities from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, The Fly reports.


A number of other equities analysts have also recently issued reports on the company. Deutsche Bank cut their target price on Rockwell Automation from $208.00 to $165.00 and set a “hold” rating on the stock in a report on Thursday, April 9th. Robert W. Baird raised their target price on Rockwell Automation from $134.00 to $167.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Morgan Stanley raised their target price on Rockwell Automation from $129.00 to $162.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Citigroup decreased their target price on Rockwell Automation from $189.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Finally, Gordon Haskett raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Wednesday, March 25th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $174.65. Read more …

ONEOK (NYSE:OKE) was downgraded by equities researchers at Jefferies Financial Group to a “hold” rating in a research note issued on Thursday, AnalystRatings.com reports. They currently have a $32.00 target price on the utilities provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 3.49% from the stock’s current price.


OKE has been the topic of several other research reports. Robert W. Baird cut ONEOK from an “outperform” rating to a “neutral” rating in a report on Monday, March 9th. Wells Fargo & Co boosted their price objective on ONEOK from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. ValuEngine lowered ONEOK from a “hold” rating to a “sell” rating in a research report on Tuesday, March 17th. Stifel Nicolaus dropped their target price on ONEOK from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, Bank of America lowered their price objective on ONEOK from $61.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $60.37. Read more …

Dollar General (NYSE:DG) was downgraded by equities researchers at Loop Capital from a “buy” rating to a “hold” rating in a research report issued on Thursday, The Fly reports. They presently have a $175.00 target price on the stock. Loop Capital’s price target would suggest a potential upside of 0.11% from the stock’s previous close.

A number of other brokerages have also issued reports on DG. Citigroup upped their target price on shares of Dollar General from $184.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Deutsche Bank upped their target price on shares of Dollar General from $153.00 to $159.00 and gave the stock a “hold” rating in a research note on Monday, April 6th. Oppenheimer upped their target price on shares of Dollar General from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Telsey Advisory Group restated an “outperform” rating on shares of Dollar General in a research note on Monday, March 9th. Finally, Edward Jones lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $173.77. Read more …


Halliburton (NYSE:HAL) was downgraded by equities research analysts at HSBC from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat.com reports. They currently have a $9.50 price target on the oilfield services company’s stock, down from their prior price target of $12.00. HSBC’s price target suggests a potential downside of 9.22% from the stock’s current price.


Several other research analysts have also weighed in on HAL. Sanford C. Bernstein started coverage on shares of Halliburton in a report on Monday, January 13th. They set a “market perform” rating and a $15.90 price objective on the stock. Wells Fargo & Co lowered shares of Halliburton from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $18.00 to $8.00 in a report on Monday, April 13th. Barclays cut their price objective on shares of Halliburton from $7.50 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. ValuEngine lowered shares of Halliburton from a “sell” rating to a “strong sell” rating in a report on Thursday, April 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Halliburton in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.74. Read more …


Royal Dutch Shell (NYSE:RDS.A) was downgraded by equities researchers at Berenberg Bank from a “buy” rating to a “hold” rating in a note issued to investors on Friday, The Fly reports.

A number of other research firms have also recently commented on RDS.A. Wells Fargo & Co cut Royal Dutch Shell from an “overweight” rating to an “equal weight” rating and set a $63.00 target price on the stock. in a research note on Monday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Royal Dutch Shell in a research note on Monday, April 20th. HSBC raised Royal Dutch Shell from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Jefferies Financial Group cut Royal Dutch Shell from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Sanford C. Bernstein cut Royal Dutch Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, March 9th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Royal Dutch Shell presently has a consensus rating of “Hold” and a consensus price target of $64.33. Read more …


ConocoPhillips (NYSE:COP) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Friday, Marketbeat reports. They currently have a $46.00 price target on the energy producer’s stock, up from their previous price target of $43.00. Bank of America‘s price objective indicates a potential upside of 17.53% from the stock’s current price. The analysts noted that the move was a valuation call.


Several other research analysts also recently commented on the company. Raymond James reduced their price objective on ConocoPhillips from $63.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Tuesday, January 14th. Morgan Stanley reduced their price objective on ConocoPhillips from $79.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. ValuEngine upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Friday. Finally, TheStreet downgraded ConocoPhillips from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $58.05. Read more …


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