May 9, 2020

Notable Analyst Upgrades and Downgrades for Week of May 4, 2020



Upgrades:


Mizuho upgraded shares of Phillips 66 (NYSE:PSX) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. Mizuho currently has $95.00 price target on the oil and gas company’s stock.

A number of other analysts also recently weighed in on the company. Jefferies Financial Group upgraded Phillips 66 from a hold rating to a buy rating and decreased their price target for the company from $110.00 to $73.00 in a research note on Thursday, March 26th. JPMorgan Chase & Co. decreased their price target on Phillips 66 from $118.00 to $106.00 and set an overweight rating on the stock in a research note on Monday, March 2nd. Royal Bank of Canada raised Phillips 66 from a sector perform rating to an outperform rating and set a $67.00 price objective for the company in a report on Sunday, March 29th. Zacks Investment Research cut Phillips 66 from a hold rating to a sell rating and set a $58.00 price objective for the company. in a report on Friday, March 27th. Finally, Barclays reaffirmed a buy rating and set a $94.00 price objective on shares of Phillips 66 in a report on Wednesday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seventeen have issued a buy rating to the stock. Phillips 66 has an average rating of Buy and a consensus price target of $85.93. Read more …

ConocoPhillips (NYSE:COP) was upgraded by Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a report issued on Monday, The Fly reports.

COP has been the topic of a number of other reports. Wells Fargo & Co lifted their price target on ConocoPhillips from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Cfra decreased their target price on ConocoPhillips from $70.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Capital One Financial assumed coverage on ConocoPhillips in a research report on Tuesday, February 11th. They set an “overweight” rating and a $70.00 target price on the stock. UBS Group decreased their target price on ConocoPhillips from $85.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Finally, Scotiabank downgraded ConocoPhillips from a “sector outperform” rating to a “sector perform” rating and set a $74.00 target price on the stock. in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. ConocoPhillips currently has an average rating of “Buy” and an average target price of $57.35. Read more …


Royal Bank of Canada (TSE:RY) (NYSE:RY) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a C$95.00 price objective on the financial services provider’s stock, down from their prior price objective of C$113.00. Citigroup‘s price objective points to a potential upside of 12.00% from the company’s previous close.


A number of other analysts also recently commented on the company. Scotiabank dropped their price objective on Royal Bank of Canada from C$117.00 to C$99.00 in a report on Tuesday, March 31st. TD Securities dropped their price target on shares of Royal Bank of Canada from C$115.00 to C$105.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Finally, National Bank Financial decreased their price target on shares of Royal Bank of Canada from C$119.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$106.55. Read more …



Downgrades:


Wells Fargo & Co (NYSE:WFC) was downgraded by research analysts at UBS Group from a “neutral” rating to a “sell” rating in a research note issued on Monday, Marketbeat.com reports. They presently have a $19.00 price target on the financial services provider’s stock. UBS Group’s price objective would suggest a potential downside of 24.69% from the stock’s current price.


Other equities research analysts have also recently issued research reports about the stock. Odeon Capital Group upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Thursday, March 26th. Cfra upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating and reduced their target price for the company from $48.00 to $42.00 in a research note on Wednesday, March 4th. Nomura Securities reiterated a “buy” rating and issued a $31.00 target price on shares of Wells Fargo & Co in a research note on Thursday, April 16th. Robert W. Baird upgraded shares of Wells Fargo & Co from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Tuesday, January 28th. Finally, ValuEngine upgraded shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the stock. Wells Fargo & Co presently has an average rating of “Hold” and an average price target of $39.60. Read more …


Honeywell International (NYSE:HON) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a $149.00 price target on the conglomerate’s stock, down from their prior price target of $165.00. Deutsche Bank’s price objective indicates a potential upside of 9.70% from the company’s previous close.


A number of other brokerages have also issued reports on HON. Daiwa Capital Markets upgraded Honeywell International from a “neutral” rating to an “outperform” rating and set a $129.00 price target for the company in a report on Sunday, March 22nd. Zacks Investment Research raised shares of Honeywell International from a “sell” rating to a “hold” rating and set a $156.00 price objective for the company in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $184.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Morgan Stanley increased their target price on shares of Honeywell International from $121.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Langenberg & Company reiterated a “buy” rating and issued a $165.00 price objective on shares of Honeywell International in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $162.25. Read more …


Chevron (NYSE:CVX) was downgraded by Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a report issued on Monday, The Fly reports.

A number of other research analysts have also recently commented on CVX. Wells Fargo & Co increased their price target on shares of Chevron from $103.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, April 3rd. Mizuho decreased their price target on Chevron from $140.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. UBS Group reissued a “buy” rating and issued a $95.00 price objective on shares of Chevron in a report on Tuesday, April 7th. Citigroup lowered their target price on Chevron from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Finally, Independent Research downgraded Chevron to a “hold” rating in a research note on Tuesday, April 14th. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $113.05. Read more …


Walt Disney (NYSE:DIS) was downgraded by Moffett Nathanson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. They currently have a $112.00 price target on the entertainment giant’s stock. Moffett Nathanson’s price target indicates a potential upside of 6.16% from the stock’s previous close.


Other equities analysts have also issued research reports about the stock. Imperial Capital cut their price objective on shares of Walt Disney from $118.00 to $107.00 and set an “in-line” rating on the stock in a research report on Thursday, April 2nd. Cowen lifted their price target on shares of Walt Disney from $154.00 to $159.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. BMO Capital Markets lifted their price target on shares of Walt Disney from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Loop Capital dropped their price target on shares of Walt Disney from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, April 3rd. Finally, Morgan Stanley dropped their price target on shares of Walt Disney from $170.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Thirteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $130.92. Read more …

Northcoast Research downgraded shares of Wendys (NASDAQ:WEN) from a buy rating to a neutral rating in a research note published on Monday, BenzingaRatingsTable reports. Northcoast Research also issued estimates for Wendys’ Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.13 EPS and FY2020 earnings at $0.43 EPS.

Several other research firms also recently weighed in on WEN. SunTrust Banks lowered their price target on shares of Wendys from $26.00 to $20.00 and set a buy rating for the company in a research note on Wednesday, April 1st. Longbow Research lowered their price target on shares of Wendys from $25.00 to $19.00 and set a buy rating for the company in a research note on Friday, March 27th. Royal Bank of Canada reissued a hold rating and issued a $22.00 price target on shares of Wendys in a research note on Thursday, January 23rd. Stephens reaffirmed a buy rating and set a $21.00 price objective on shares of Wendys in a research note on Thursday, March 26th. Finally, Credit Suisse Group lowered their price objective on shares of Wendys from $22.00 to $18.00 and set a neutral rating for the company in a research note on Friday, March 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $21.10. Read more …



Tyson Foods (NYSE:TSN) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Briefing.com Automated Import reports. They currently have a $60.00 price objective on the stock, down from their prior price objective of $70.00. Bank of America‘s price target would indicate a potential upside of 8.46% from the company’s previous close.


A number of other equities analysts also recently commented on the stock. Sanford C. Bernstein downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $88.00 to $65.00 in a report on Friday, April 24th. Piper Sandler downgraded Tyson Foods from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $100.00 to $66.00 in a research note on Tuesday, April 28th. JPMorgan Chase & Co. reduced their price objective on Tyson Foods from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Stephens cut their target price on Tyson Foods from $95.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Finally, Buckingham Research reduced their price target on shares of Tyson Foods from $92.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $78.27. Read more …


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