Notable Analyst Upgrades and Downgrades for Week of June 1, 2020



Upgrades:


W W Grainger (NYSE:GWW) was upgraded by stock analysts at Longbow Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Other equities analysts also recently issued research reports about the company. Robert W. Baird raised W W Grainger from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $340.00 to $300.00 in a research report on Friday, March 27th. Morgan Stanley increased their price target on W W Grainger from $259.00 to $282.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Gordon Haskett downgraded W W Grainger from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $313.00 to $278.00 in a research report on Tuesday, April 7th. Royal Bank of Canada dropped their price target on W W Grainger from $194.00 to $191.00 and set an “underperform” rating on the stock in a research report on Friday, April 24th. Finally, Gabelli raised W W Grainger from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $286.80. Read more …

Eaton Vance (NYSE:EV) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.

Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of Eaton Vance from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 4th. Cfra raised their target price on shares of Eaton Vance from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group lifted their price objective on shares of Eaton Vance from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Citigroup decreased their price objective on shares of Eaton Vance from $50.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Finally, Zacks Investment Research downgraded shares of Eaton Vance from a “hold” rating to a “sell” rating and set a $40.00 price objective for the company. in a research report on Tuesday, May 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $39.13. Read more …

Lowe’s Companies (NYSE:LOW) was upgraded by research analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports. The brokerage currently has a $151.00 price target on the home improvement retailer’s stock, up from their previous price target of $110.00. Gordon Haskett’s target price indicates a potential upside of 16.76% from the stock’s current price.

Several other equities analysts have also commented on LOW. Guggenheim reaffirmed a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 20th. Robert W. Baird upped their price target on Lowe’s Companies from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Wolfe Research raised Lowe’s Companies from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, March 25th. KeyCorp increased their target price on Lowe’s Companies from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Loop Capital increased their target price on Lowe’s Companies from $105.00 to $140.00 in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $133.11. Read more …


Wells Fargo & Co (NYSE:WFC) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $34.00 price objective on the financial services provider’s stock. Deutsche Bank’s target price indicates a potential upside of 12.51% from the company’s current price.

WFC has been the subject of a number of other reports. Credit Suisse Group cut their price objective on Wells Fargo & Co from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Cfra raised Wells Fargo & Co from a “sell” rating to a “hold” rating and cut their price objective for the stock from $48.00 to $42.00 in a research report on Wednesday, March 4th. Citigroup dropped their target price on Wells Fargo & Co from $43.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Nomura Securities reaffirmed a “buy” rating and issued a $31.00 target price on shares of Wells Fargo & Co in a research report on Thursday, April 16th. Finally, BMO Capital Markets dropped their target price on Wells Fargo & Co from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.41. Read more …


SYSCO (NYSE:SYY) was upgraded by analysts at Wells Fargo & Co from an “equal weight” rating to an “overweight” rating in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a $70.00 target price on the stock, up from their prior target price of $50.00. Wells Fargo & Co‘s price objective suggests a potential upside of 10.95% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. ValuEngine raised shares of SYSCO from a “sell” rating to a “hold” rating in a research report on Saturday, February 29th. Argus lowered SYSCO from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Jefferies Financial Group lowered their target price on SYSCO from $66.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on SYSCO from $78.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Finally, BMO Capital Markets downgraded SYSCO from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $88.00 to $51.00 in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $68.73. Read more …

Downgrades:


Abbott Laboratories (NYSE:ABT) was downgraded by research analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report released on Sunday, The Fly reports.

A number of other research firms also recently commented on ABT. SVB Leerink reduced their target price on Abbott Laboratories from $102.00 to $93.00 and set a “market perform” rating on the stock in a report on Wednesday, April 8th. Morgan Stanley reduced their target price on Abbott Laboratories from $101.00 to $96.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. Barclays increased their target price on Abbott Laboratories from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 20th. BTIG Research reaffirmed a “hold” rating on shares of Abbott Laboratories in a report on Thursday, April 16th. Finally, Raymond James raised their price target on Abbott Laboratories from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $99.47. Read more …


Tractor Supply (NASDAQ:TSCO) was downgraded by research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $122.00 price target on the specialty retailer’s stock, up from their prior price target of $104.00. Goldman Sachs Group’s target price would suggest a potential downside of 0.54% from the company’s previous close.

A number of other research firms have also weighed in on TSCO. Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Friday. Guggenheim raised their target price on shares of Tractor Supply from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Northcoast Research cut shares of Tractor Supply from a “buy” rating to a “neutral” rating in a report on Tuesday, May 19th. Nomura raised their target price on shares of Tractor Supply from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Wedbush raised their target price on shares of Tractor Supply from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Fourteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $118.08. Read more …

Accenture (NYSE:ACN) was downgraded by equities researchers at Exane BNP Paribas from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other equities research analysts also recently commented on the stock. Moffett Nathanson upgraded shares of Accenture from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Friday, March 20th. Atlantic Securities assumed coverage on Accenture in a research report on Wednesday, February 19th. They issued an “overweight” rating and a $246.00 price objective for the company. UBS Group lowered their price target on shares of Accenture from $205.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. JPMorgan Chase & Co. reduced their price objective on shares of Accenture from $227.00 to $188.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Finally, Morgan Stanley decreased their price objective on shares of Accenture from $240.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $208.89. Read more …

ONEOK (NYSE:OKE) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat reports. They currently have a $36.00 price objective on the utilities provider’s stock, down from their prior price objective of $80.00. Citigroup‘s price objective would indicate a potential downside of 11.55% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. UBS Group cut ONEOK from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $34.00 in a research note on Wednesday, May 13th. ValuEngine raised ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Stifel Nicolaus lowered their target price on ONEOK from $56.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Raymond James lowered their target price on ONEOK from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Finally, Robert W. Baird cut ONEOK from an “outperform” rating to a “neutral” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.81. Read more …



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