Notable Analyst Upgrades and Downgrades for Week of October 19, 2020

 


Upgrades:

 


Franklin Resources (NYSE:BEN) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report issued on Monday, Briefing.com reports. The firm presently has a $28.00 target price on the closed-end fund’s stock, up from their previous target price of $24.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 19.20% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group reaffirmed a “sell” rating and set a $20.00 price target on shares of Franklin Resources in a research note on Friday, September 11th. Zacks Investment Research downgraded shares of Franklin Resources from a “strong-buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Wednesday, August 5th. Citigroup upped their price target on shares of Franklin Resources from $20.00 to $22.75 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Morgan Stanley started coverage on shares of Franklin Resources in a research note on Thursday, September 3rd. They set an “underweight” rating and a $20.00 price target on the stock. Finally, Barclays reissued a “sell” rating and issued a $19.00 target price on shares of Franklin Resources in a research note on Friday, July 17th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.67. Read more …

 


Kansas City Southern (NYSE:KSU) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Monday, Anlyst Ratings reports. The firm presently has a $205.00 price target on the transportation company’s stock, up from their previous price target of $200.00. BMO Capital Markets’ price objective would suggest a potential upside of 14.52% from the company’s current price.

KSU has been the topic of a number of other reports. Stifel Nicolaus cut Kansas City Southern from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a research report on Wednesday, August 5th. Bank of America increased their target price on Kansas City Southern from $203.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Morgan Stanley upped their price target on shares of Kansas City Southern from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Credit Suisse Group restated a “buy” rating on shares of Kansas City Southern in a research note on Friday, August 7th. Finally, Barclays upped their target price on shares of Kansas City Southern from $150.00 to $175.00 in a research note on Monday, September 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kansas City Southern presently has an average rating of “Hold” and an average target price of $171.40. Read more …

 


Archer Daniels Midland (NYSE:ADM) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Monday, Anlyst Ratings reports. The firm presently has a $60.00 price target on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 20.51% from the company's previous close.

A number of other equities research analysts have also recently commented on ADM. Stifel Nicolaus reduced their target price on shares of Archer Daniels Midland from $48.00 to $47.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Credit Suisse Group cut shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $40.00 to $39.00 in a research report on Monday, July 27th. Stephens started coverage on shares of Archer Daniels Midland in a research report on Thursday, July 9th. They issued a "buy" rating and a $52.00 target price for the company. Morgan Stanley increased their target price on shares of Archer Daniels Midland from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Finally, Seaport Global Securities started coverage on shares of Archer Daniels Midland in a research report on Tuesday, July 28th. They issued a "buy" rating and a $51.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average target price of $46.20. Read more …

 

 


Bristol-Myers Squibb (NYSE:BMY) was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued on Monday, Briefing.com reports. The firm currently has a $70.00 price target on the biopharmaceutical company’s stock. Guggenheim’s target price would indicate a potential upside of 14.30% from the company’s previous close.

A number of other research firms have also issued reports on BMY. Cfra restated a “buy” rating and set a $70.00 price objective on shares of Bristol-Myers Squibb in a research report on Sunday, July 26th. Berenberg Bank started coverage on Bristol-Myers Squibb in a research note on Tuesday, September 29th. They set a “buy” rating and a $73.00 target price on the stock. Seaport Global Securities started coverage on Bristol-Myers Squibb in a research note on Tuesday, July 28th. They set an “outperform” rating and a $75.00 target price on the stock. Raymond James reaffirmed a “buy” rating on shares of Bristol-Myers Squibb in a research note on Friday, September 25th. Finally, Morgan Stanley lifted their target price on Bristol-Myers Squibb from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $70.94. Read more …

 


Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) was upgraded by equities researchers at Smith Barney Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Monday, The Fly reports. The firm presently has a $40.00 target price on the financial services provider's stock. Smith Barney Citigroup's price objective points to a potential upside of 18.45% from the stock's previous close.

A number of other research firms have also recently commented on BAM. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Brookfield Asset Management from a "neutral" rating to a "buy" rating and increased their target price for the stock from $38.00 to $40.00 in a report on Monday. Keefe, Bruyette & Woods raised Brookfield Asset Management from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $37.00 to $41.00 in a research note on Monday, August 17th. TD Securities upped their price objective on Brookfield Asset Management from $45.00 to $46.00 and gave the company an "action list buy" rating in a research note on Friday, September 25th. ValuEngine raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Thursday, August 13th. Finally, Zacks Investment Research downgraded Brookfield Asset Management from a "hold" rating to a "sell" rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Brookfield Asset Management currently has a consensus rating of "Buy" and a consensus price target of $40.85. Read more …

 


Johnson Controls International (NYSE:JCI) was upgraded by Oppenheimer from a "market perform" rating to an "outperform" rating in a report released on Wednesday, Briefing.com reports. The firm currently has a $48.00 price objective on the stock. Oppenheimer's price target suggests a potential upside of 11.37% from the stock's previous close.

Several other equities analysts have also weighed in on JCI. Morgan Stanley increased their price objective on Johnson Controls International from $39.00 to $42.00 and gave the company an "equal weight" rating in a report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft cut their price target on Johnson Controls International from $48.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. Credit Suisse Group raised their price target on Johnson Controls International from $37.00 to $44.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Wells Fargo & Company raised their price target on Johnson Controls International from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 24th. Finally, Argus raised their price target on Johnson Controls International from $34.00 to $45.00 in a report on Monday, August 10th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of "Buy" and an average price target of $41.56. Read more …

 

 


Albemarle (NYSE:ALB) was upgraded by equities researchers at HSBC from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Briefing.com reports. The brokerage currently has a $121.00 price objective on the specialty chemicals company’s stock. HSBC’s price target indicates a potential upside of 29.33% from the company’s current price.

A number of other research analysts have also recently weighed in on ALB. Royal Bank of Canada cut shares of Albemarle from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $80.00 to $78.00 in a research report on Wednesday, October 14th. Zacks Investment Research cut shares of Albemarle from a “hold” rating to a “sell” rating and set a $99.00 price objective on the stock. in a research report on Tuesday, October 6th. Berenberg Bank cut shares of Albemarle from a “hold” rating to a “sell” rating and boosted their price objective for the company from $65.00 to $68.00 in a research report on Monday, July 27th. Citigroup boosted their price objective on shares of Albemarle from $78.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Truist Financial boosted their price objective on shares of Albemarle from $65.00 to $87.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.48. Read more …

 


Whirlpool (NYSE:WHR) was upgraded by equities researchers at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a note issued to investors on Friday, AR Network reports. The brokerage presently has a $183.00 price target on the stock, up from their previous price target of $163.00. Royal Bank of Canada’s target price indicates a potential downside of 5.57% from the stock’s previous close.

Other research analysts have also issued reports about the stock. TheStreet raised shares of Whirlpool from a “c+” rating to a “b” rating in a report on Wednesday. Zacks Investment Research lowered shares of Whirlpool from a “buy” rating to a “hold” rating and set a $190.00 price objective for the company. in a report on Wednesday, September 23rd. ValuEngine lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James reissued a “hold” rating on shares of Whirlpool in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Whirlpool from $158.00 to $192.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Whirlpool has an average rating of “Hold” and an average price target of $168.25. Read more …

 

 

Downgrades:

 


VF (NYSE:VFC) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Monday, The Fly reports.

A number of other equities research analysts have also recently commented on the stock. Telsey Advisory Group lifted their price target on shares of VF from $72.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. BTIG Research upgraded VF from a “neutral” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft increased their price target on VF from $53.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. They noted that the move was a valuation call. Stifel Nicolaus lowered VF from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Friday, October 9th. Finally, Piper Sandler upped their price objective on shares of VF from $58.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $73.90. Read more …

 

 


Consolidated Edison (NYSE:ED) was downgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, The Fly reports.

A number of other analysts have also commented on the stock. Bank of America lowered shares of Consolidated Edison from a “buy” rating to a “neutral” rating and set a $82.00 price target for the company. in a research note on Thursday. Mizuho lowered their price target on shares of Consolidated Edison from $78.00 to $73.50 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Credit Suisse Group raised shares of Consolidated Edison from an “underperform” rating to a “neutral” rating in a report on Monday, August 10th. Morgan Stanley lowered their price target on shares of Consolidated Edison from $75.00 to $74.00 and set an “underweight” rating on the stock in a report on Monday, October 5th. Finally, Guggenheim raised shares of Consolidated Edison from a “sell” rating to a “neutral” rating and set a $73.00 price target on the stock in a report on Monday, September 14th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $77.57. Read more …

 


Canadian Pacific Railway Limited (CP.TO) (TSE:CP) (NYSE:CP) was downgraded by research analysts at Benchmark from a “buy” rating to a “hold” rating in a report issued on Wednesday, BayStreet.CA reports.

Several other analysts have also issued reports on CP. BMO Capital Markets upped their price target on shares of Canadian Pacific Railway Limited (CP.TO) from C$450.00 to C$460.00 in a research report on Wednesday. Royal Bank of Canada upped their price target on shares of Canadian Pacific Railway Limited (CP.TO) from C$439.00 to C$451.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities upped their price target on shares of Canadian Pacific Railway Limited (CP.TO) from C$450.00 to C$485.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group upped their price objective on shares of Canadian Pacific Railway Limited (CP.TO) from C$451.00 to C$475.00 in a report on Wednesday. Finally, National Bank Financial upped their price objective on shares of Canadian Pacific Railway Limited (CP.TO) from C$422.00 to C$433.00 and gave the company a “sector perform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Canadian Pacific Railway Limited (CP.TO) currently has an average rating of “Buy” and a consensus price target of C$418.54. Read more …

 


Sonoco Products (NYSE:SON) was downgraded by BofA Securities from a “buy” rating to a “neutral” rating in a research note issued on Friday, Briefing.com reports. They currently have a $57.00 price target on the industrial products company’s stock. BofA Securities’ target price would indicate a potential upside of 6.54% from the stock’s previous close.

Several other equities analysts have also recently weighed in on SON. Seaport Global Securities initiated coverage on shares of Sonoco Products in a research note on Wednesday, October 14th. They issued a “buy” rating and a $60.00 target price for the company. BMO Capital Markets raised their target price on shares of Sonoco Products from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, October 13th. KeyCorp reissued a “hold” rating on shares of Sonoco Products in a research note on Thursday, July 16th. UBS Group initiated coverage on shares of Sonoco Products in a research note on Thursday, September 17th. They issued a “neutral” rating and a $66.00 target price for the company. Finally, Argus cut shares of Sonoco Products from a “buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.90. Read more …

 

 


Intel (NASDAQ:INTC) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Friday, The Fly reports.

Other equities research analysts have also issued research reports about the stock. 140166 raised their price target on shares of Intel from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays downgraded Intel from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $58.00 to $48.00 in a research note on Friday, July 24th. Mizuho reissued a “buy” rating and issued a $63.00 price target on shares of Intel in a research note on Monday, August 10th. Wells Fargo & Company lowered their target price on shares of Intel from $60.00 to $55.00 in a research note on Friday, July 24th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Intel in a research note on Thursday, July 30th. Thirteen investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have assigned a buy rating to the company. Intel currently has a consensus rating of “Hold” and an average target price of $59.31. Read more …

 


Best Buy (NYSE:BBY) was downgraded by investment analysts at Oppenheimer from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Friday, Anlyst Ratings reports. They presently have a $125.00 price target on the technology retailer's stock, up from their previous price target of $120.00. Oppenheimer's price objective would suggest a potential upside of 7.06% from the company's previous close.

Several other brokerages also recently weighed in on BBY. Raymond James reiterated a "buy" rating on shares of Best Buy in a research report on Tuesday, August 25th. DA Davidson raised Best Buy to a "buy" rating in a research note on Wednesday, August 26th. ValuEngine cut Best Buy from a "hold" rating to a "sell" rating in a research note on Friday, August 28th. Wedbush raised Best Buy from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $95.00 to $130.00 in a research note on Monday, August 17th. Finally, Piper Sandler boosted their target price on Best Buy from $112.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company's stock. The stock presently has an average rating of "Buy" and an average price target of $107.09. Read more …

 

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