October 3, 2020

Notable Analyst Upgrades and Downgrades for Week of September 28, 2020

 


Upgrades:



FedEx (NYSE:FDX) was upgraded by Deutsche Bank from a "hold" rating to a "buy" rating in a research note issued to investors on Monday, Briefing.com reports. The firm currently has a $318.00 price objective on the shipping service provider's stock. Deutsche Bank's price target suggests a potential upside of 27.11% from the company's current price.

 

Other equities analysts have also issued reports about the stock. Robert W. Baird raised their price target on shares of FedEx from $232.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Berenberg Bank set a $280.00 price objective on shares of FedEx and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Stifel Nicolaus raised shares of FedEx from a "hold" rating to a "buy" rating and raised their price objective for the stock from $175.00 to $281.00 in a research note on Thursday. Evercore ISI started coverage on shares of FedEx in a research note on Wednesday, September 9th. They set an "outperform" rating and a $300.00 price objective on the stock. Finally, Barclays raised their price objective on shares of FedEx from $205.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 16th. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. FedEx presently has an average rating of "Buy" and a consensus target price of $271.60. Read more …



Chevron (NYSE:CVX) was upgraded by equities research analysts at BofA Securities from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, Briefing.com reports. The firm presently has a $96.00 price target on the oil and gas company's stock. BofA Securities' price objective would indicate a potential upside of 33.65% from the stock's current price.

 

Other research analysts have also issued research reports about the stock. MKM Partners started coverage on shares of Chevron in a research report on Thursday. They issued a "buy" rating and a $121.00 price target for the company. Morgan Stanley increased their price target on shares of Chevron from $104.00 to $108.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st. JPMorgan Chase & Co. increased their price target on shares of Chevron from $103.00 to $109.00 and gave the stock an "overweight" rating in a research report on Monday, June 8th. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and set a $95.00 price target for the company. in a research report on Wednesday, September 23rd. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $108.00 price target on shares of Chevron in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Chevron presently has a consensus rating of "Buy" and a consensus target price of $107.83. Read more …



ONEOK (NYSE:OKE) had its price target lowered by stock analysts at Bank of America from $35.00 to $31.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the utilities provider's stock. Bank of America's target price indicates a potential upside of 15.80% from the stock's current price.

 

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada lifted their price objective on ONEOK from $31.00 to $33.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Mizuho lowered their price objective on ONEOK from $40.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, July 7th. Wells Fargo & Company lowered ONEOK from an "overweight" rating to an "equal weight" rating and set a $33.00 price objective on the stock. in a report on Wednesday, July 22nd. Stifel Nicolaus decreased their price target on ONEOK from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Scotiabank lowered ONEOK from a "sector outperform" rating to a "sector perform" rating and set a $31.00 price target on the stock. in a research note on Monday, September 21st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus price target of $37.60. Read more …



Starbucks (NASDAQ:SBUX) was upgraded by equities researchers at Cowen from a "market perform" rating to an "outperform" rating in a report issued on Wednesday, Briefing.com reports. The firm currently has a $99.00 target price on the coffee company's stock, up from their prior target price of $77.00. Cowen's price objective would suggest a potential upside of 16.75% from the stock's previous close.

 

Several other research firms also recently commented on SBUX. JPMorgan Chase & Co. increased their target price on shares of Starbucks from $76.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, September 21st. Zacks Investment Research upgraded shares of Starbucks from a "sell" rating to a "hold" rating and set a $86.00 price target for the company in a report on Monday, June 8th. Bank of America upped their price target on shares of Starbucks from $82.00 to $88.00 and gave the company a "neutral" rating in a report on Monday. Telsey Advisory Group decreased their price target on shares of Starbucks from $90.00 to $80.00 and set a "market perform" rating for the company in a report on Tuesday, June 23rd. Finally, Atlantic Securities began coverage on shares of Starbucks in a report on Monday, June 15th. They set an "overweight" rating and a $95.00 price target for the company. Fifteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus target price of $85.42. Read more …

 


Two Harbors Investment (NYSE:TWO) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, Briefing.com reports. The brokerage currently has a $6.00 target price on the real estate investment trust’s stock. Raymond James’ price target would suggest a potential upside of 15.38% from the company’s current price.

 

A number of other brokerages have also issued reports on TWO. ValuEngine lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Zacks Investment Research lowered Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Friday, July 31st. Maxim Group reaffirmed a “hold” rating on shares of Two Harbors Investment in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lowered Two Harbors Investment from an “overweight” rating to a “neutral” rating and set a $5.50 price target on the stock. in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.89. Read more …



L3Harris (NYSE:LHX) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, The Fly reports.

 

Other analysts have also recently issued research reports about the stock. Benchmark cut their price target on shares of L3Harris from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Goldman Sachs Group cut shares of L3Harris from a “conviction-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Citigroup cut their price target on shares of L3Harris from $250.00 to $235.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. ValuEngine raised shares of L3Harris from a “sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Cowen began coverage on shares of L3Harris in a research report on Sunday, August 2nd. They set a “buy” rating and a $240.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. L3Harris presently has an average rating of “Buy” and a consensus price target of $240.11. Read more …

 


Eaton Vance (NYSE:EV) was upgraded by equities researchers at Deutsche Bank from a "hold" rating to a "buy" rating in a research report issued on Wednesday, The Fly reports.

 

EV has been the subject of several other reports. JPMorgan Chase & Co. upgraded shares of Eaton Vance from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $44.00 to $50.00 in a research report on Thursday, August 27th. Citigroup upped their price target on shares of Eaton Vance from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. TheStreet lowered shares of Eaton Vance from a "b-" rating to a "c+" rating in a research report on Monday, September 21st. Bank of America upped their price target on shares of Eaton Vance from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Finally, Credit Suisse Group upped their price target on shares of Eaton Vance from $39.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. The stock currently has an average rating of "Hold" and an average target price of $43.75. Read more …

 


BlackRock (NYSE:BLK) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report released on Wednesday, The Fly reports.

 

Several other research analysts also recently commented on BLK. Wells Fargo & Company raised their price target on shares of BlackRock from $605.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Citigroup raised their price target on shares of BlackRock from $630.00 to $685.00 and gave the company a “buy” rating in a report on Monday, July 20th. Argus raised their price target on shares of BlackRock from $530.00 to $640.00 and gave the company a “buy” rating in a report on Monday, July 20th. Zacks Investment Research downgraded shares of BlackRock from a “strong-buy” rating to a “hold” rating and set a $609.00 price objective for the company. in a report on Tuesday, July 21st. Finally, Barclays lifted their price objective on shares of BlackRock from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $600.17. Read more …

 


Downgrades:



Valero Energy (NYSE:VLO) was downgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued to investors on Thursday, Briefing.com reports. They presently have a $37.00 price objective on the oil and gas company’s stock, down from their prior price objective of $48.00. Goldman Sachs Group’s price objective suggests a potential downside of 14.59% from the stock’s current price.

 

A number of other research firms have also issued reports on VLO. JPMorgan Chase & Co. dropped their price target on Valero Energy from $68.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Raymond James dropped their price target on Valero Energy from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, September 18th. Credit Suisse Group restated a “buy” rating on shares of Valero Energy in a research report on Wednesday. Piper Sandler upped their price target on Valero Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Finally, Morgan Stanley decreased their price objective on Valero Energy from $70.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Valero Energy presently has a consensus rating of “Buy” and a consensus price target of $69.64. Read more …

 


General Dynamics (NYSE:GD) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Friday, Briefing.com reports. They currently have a $149.00 price target on the aerospace company’s stock, down from their prior price target of $167.00. Robert W. Baird’s price objective indicates a potential upside of 7.80% from the company’s current price.

 

Other equities research analysts have also issued reports about the company. Jefferies Financial Group reiterated a “hold” rating and set a $160.00 price target on shares of General Dynamics in a report on Tuesday, August 11th. Stifel Nicolaus reduced their target price on General Dynamics from $180.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, July 30th. TheStreet lowered General Dynamics from a “b-” rating to a “c+” rating in a report on Thursday, July 9th. Goldman Sachs Group lowered General Dynamics from a “buy” rating to a “sell” rating and reduced their target price for the stock from $205.00 to $138.00 in a report on Thursday, September 17th. Finally, Royal Bank of Canada boosted their target price on General Dynamics from $157.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $173.19. Read more …

 

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