Notable Analyst Upgrades and Downgrades for Week of October 26, 2020

 


Upgrades:

 


Amgen (NASDAQ:AMGN) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Monday, Briefing.com reports. The brokerage presently has a $255.00 price objective on the medical research company’s stock. Raymond James’ price target indicates a potential upside of 12.26% from the company’s previous close.

AMGN has been the subject of several other reports. SunTrust Banks upped their target price on Amgen from $254.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Jefferies Financial Group upped their target price on Amgen from $285.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Oppenheimer reduced their target price on Amgen from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday. Cantor Fitzgerald upped their target price on Amgen from $263.00 to $279.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Amgen in a report on Tuesday, September 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $254.88. Read more …

 


Atlantic Securities assumed coverage on shares of Apple (NASDAQ:AAPL) in a report issued on Monday, The Fly reports. The firm set an “overweight” rating on the iPhone maker’s stock.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group raised their target price on Apple from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a research note on Thursday, October 1st. Wolfe Research began coverage on Apple in a report on Friday, July 24th. They issued an “underperform” rating and a $78.75 price target on the stock. BNP Paribas raised Apple from an “underperform” rating to an “outperform” rating and raised their price target for the company from $77.00 to $140.00 in a report on Friday, September 25th. Finally, Macquarie reaffirmed a “hold” rating and issued a $66.60 price target on shares of Apple in a report on Tuesday, September 8th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Apple currently has an average rating of “Buy” and an average target price of $108.73. Read more …

 


Archer-Daniels-Midland (NYSE:ADM) was upgraded by investment analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a research note issued on Monday, Anlyst Ratings reports. The firm presently has a $60.00 price objective on the stock. Monness Crespi & Hardt’s target price points to a potential upside of 15.67% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Stephens assumed coverage on Archer-Daniels-Midland in a report on Thursday, July 9th. They set a “buy” rating and a $52.00 target price for the company. Seaport Global Securities initiated 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. JPMorgan Chase & Co. raised shares of Archer-Daniels-Midland from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Monday, October 19th. Stifel Nicolaus decreased their price target on shares of Archer-Daniels-Midland from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Morgan Stanley lifted their price objective on 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $48.40. Read more …

 

 

 


American Express (NYSE:AXP) was upgraded by research analysts at DZ Bank from a “hold” rating to a “buy” rating in a report issued on Tuesday, Briefing.com reports. The firm currently has a $118.00 price target on the payment services company’s stock. DZ Bank’s price target would suggest a potential upside of 21.80% from the company’s current price.

A number of other analysts have also weighed in on the stock. Oppenheimer reiterated a “buy” rating on shares of American Express in a research note on Sunday. Morgan Stanley increased their price objective on shares of American Express from $114.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. Bank of America lowered shares of American Express from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $106.00 to $95.00 in a research note on Wednesday, September 23rd. Compass Point increased their price objective on shares of American Express from $78.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Wolfe Research initiated coverage on shares of American Express in a research report on Friday, July 31st. They set an “outperform” rating on the stock. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $105.04. Read more …

 


United Parcel Service (NYSE:UPS) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Briefing.com reports. The brokerage presently has a $214.00 target price on the transportation company’s stock. UBS Group’s price objective points to a potential upside of 27.38% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Stephens lifted their target price on United Parcel Service from $105.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Raymond James lifted their target price on United Parcel Service from $165.00 to $195.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 29th. Goldman Sachs Group lifted their target price on United Parcel Service from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Bank of America lifted their target price on United Parcel Service from $176.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Finally, Morgan Stanley boosted their price target on United Parcel Service from $66.00 to $70.00 and gave the stock an “underweight” rating in a research report on Monday, October 5th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $148.19. Read more …

 


The Sherwin-Williams (NYSE:SHW) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Wednesday, Briefing.com reports. The firm presently has a $740.00 price objective on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 9.88% from the stock’s previous close.

A number of other brokerages have also recently weighed in on SHW. G.Research reissued a “buy” rating on shares of The Sherwin-Williams in a report on Wednesday, July 29th. KeyCorp assumed coverage on shares of The Sherwin-Williams in a report on Thursday, September 10th. They issued an “overweight” rating and a $805.00 price objective on the stock. Credit Suisse Group increased their price objective on shares of The Sherwin-Williams from $734.00 to $765.00 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. Loop Capital increased their price objective on shares of The Sherwin-Williams from $695.00 to $795.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Finally, UBS Group increased their price objective on shares of The Sherwin-Williams from $625.00 to $705.00 and gave the stock a “neutral” rating in a report on Thursday, October 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $696.76. Read more …

 

 


Omnicom Group (NYSE:OMC) was upgraded by Moffett Nathanson from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday, AnalystRatings.net reports. The brokerage presently has a $50.00 price target on the business services provider’s stock, up from their previous price target of $45.00. Moffett Nathanson’s price target indicates a potential upside of 2.42% from the stock’s previous close.

OMC has been the topic of several other research reports. Wolfe Research started coverage on Omnicom Group in a report on Thursday, July 23rd. They issued a “market perform” rating and a $60.00 target price on the stock. Evercore ISI started coverage on Omnicom Group in a report on Tuesday, September 8th. They set an “underperform” rating on the stock. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating in a report on Monday, October 12th. Finally, Standpoint Research started coverage on Omnicom Group in a report on Tuesday, September 8th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four 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 $60.00. Read more …

 


Chubb (NYSE:CB) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm currently has a $132.00 price objective on the financial services provider’s stock, up from their previous price objective of $123.00. Bank of America‘s price target suggests a potential upside of 3.59% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Evercore ISI upgraded Chubb from an “in-line” rating to an “outperform” rating and set a $157.00 target price on the stock in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft dropped their target price on Chubb from $138.00 to $135.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Wells Fargo & Company reiterated a “buy” rating and set a $150.00 target price (up from $142.00) on shares of Chubb in a report on Monday, July 6th. JPMorgan Chase & Co. upgraded Chubb from a “neutral” rating to an “overweight” rating and set a $152.00 price objective for the company in a research note on Monday, October 12th. Finally, Royal Bank of Canada raised their price objective on Chubb from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $144.44. Read more …

 


Illinois Tool Works (NYSE:ITW) was upgraded by stock analysts at Bank of America from an "underperform" rating to a "neutral" rating in a note issued to investors on Thursday, Briefing.com reports. The brokerage presently has a $212.00 target price on the industrial products company's stock, up from their prior target price of $175.00. Bank of America's price objective would indicate a potential upside of 10.03% from the stock's previous close.

ITW has been the subject of a number of other reports. BMO Capital Markets lifted their price objective on shares of Illinois Tool Works from $205.00 to $225.00 in a research note on Monday. Smith Barney Citigroup lifted their price objective on shares of Illinois Tool Works from $203.00 to $211.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Illinois Tool Works from $173.00 to $185.00 and gave the company a "hold" rating in a research note on Monday. Wells Fargo & Company lifted their price objective on shares of Illinois Tool Works from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price objective on shares of Illinois Tool Works from $194.00 to $195.00 and gave the company a "hold" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company's stock. Illinois Tool Works has an average rating of "Hold" and an average target price of $184.00. Read more …

 

 


Kraft Heinz (NASDAQ:KHC) was upgraded by Guggenheim from a "neutral" rating to a "buy" rating in a research note issued on Friday, FinViz reports. The brokerage currently has a $35.00 price objective on the stock, up from their prior price objective of $34.00. Guggenheim's target price points to a potential upside of 16.51% from the company's current price.

A number of other research analysts have also recently commented on KHC. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, September 16th. BidaskClub lowered shares of Kraft Heinz from a "hold" rating to a "sell" rating in a report on Saturday, September 19th. B. Riley raised shares of Kraft Heinz from a "hold" rating to a "buy" rating and set a $38.00 price objective for the company in a report on Thursday, September 10th. Bank of America reissued a "buy" rating on shares of Kraft Heinz in a report on Thursday, July 30th. Finally, Piper Sandler raised shares of Kraft Heinz from a "neutral" rating to an "overweight" rating and raised their price target for the company from $30.00 to $39.00 in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company's stock. The company currently has an average rating of "Hold" and an average price target of $34.42. Read more …

 

 

Downgrades:

 


Exelon (NYSE:EXC) was downgraded by equities research analysts at Guggenheim from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Monday, Briefing.com reports. They presently have a $42.00 price objective on the energy giant's stock, down from their previous price objective of $46.00. Guggenheim's price objective would indicate a potential downside of 0.47% from the company's current price.

A number of other analysts have also recently weighed in on the company. Bank of America cut Exelon from a "neutral" rating to an "underperform" rating in a research note on Monday, August 17th. TheStreet upgraded Exelon from a "c+" rating to a "b-" rating in a research note on Wednesday, October 14th. Credit Suisse Group restated a "buy" rating and issued a $46.00 price target on shares of Exelon in a research note on Wednesday, August 5th. Wells Fargo & Company cut their price target on Exelon from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Monday, August 24th. Finally, Zacks Investment Research upgraded Exelon from a "sell" rating to a "hold" rating and set a $39.00 price target on the stock in a research note on Tuesday, October 6th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Exelon has an average rating of "Hold" and a consensus price target of $45.13. Read more …

 


Waste Management (NYSE:WM) was downgraded by analysts at BofA Securities from a "neutral" rating to an "underperform" rating in a report released on Tuesday, Briefing.com reports. They presently have a $116.00 price objective on the business services provider's stock. BofA Securities' price objective would suggest a potential upside of 2.29% from the company's previous close.

WM has been the subject of several other research reports. Bank of America lowered shares of Waste Management from a "neutral" rating to an "underperform" rating in a research report on Tuesday. JPMorgan Chase & Co. lowered shares of Waste Management from a "neutral" rating to an "underweight" rating and set a $99.00 price objective for the company. in a research report on Wednesday, September 23rd. They noted that the move was a valuation call. BMO Capital Markets increased their price objective on shares of Waste Management from $111.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Raymond James increased their price objective on shares of Waste Management from $110.00 to $114.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, CIBC downgraded shares of Waste Management from a "sector outperform" rating to a "neutral" rating in a research note on Tuesday, July 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company's stock. The stock currently has a consensus rating of "Hold" and an average target price of $114.87. Read more …

 

 


C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by Stephens from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, Briefing.com reports. They currently have a $95.00 price objective on the transportation company’s stock. Stephens’ target price indicates a potential upside of 7.25% from the stock’s previous close.

A number of other brokerages also recently weighed in on CHRW. UBS Group lifted their price target on C.H. Robinson Worldwide from $94.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Stifel Nicolaus cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and lifted their price objective for the company from $79.00 to $94.00 in a research report on Thursday, July 30th. They noted that the move was a valuation call. Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Friday, July 31st. Loop Capital cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a research report on Thursday, July 30th. Finally, BidaskClub cut C.H. Robinson Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 13th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $87.44. Read more …

 

Comments