Notable Analyst Upgrades and Downgrades for Week of November 2, 2020

 


Upgrades:

 


Cardinal Health (NYSE:CAH) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, Anlyst Ratings reports. The brokerage presently has a $57.00 price target on the stock. Barclays‘s price objective suggests a potential upside of 24.48% from the company’s current price.

Other research analysts have also issued reports about the company. Morgan Stanley upped their price objective on Cardinal Health from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. UBS Group reduced their target price on Cardinal Health from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Bank of America increased their target price on Cardinal Health from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Guggenheim raised Cardinal Health from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Finally, Zacks Investment Research raised Cardinal Health from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $58.90. Read more …

 


McKesson (NYSE:MCK) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, AnalystRatings.net reports. The firm currently has a $166.00 price objective on the stock. Barclays‘s price objective would indicate a potential upside of 12.55% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of McKesson from a “strong sell” rating to a “sell” rating in a research note on Monday, October 19th. Zacks Investment Research downgraded shares of McKesson from a “hold” rating to a “sell” rating and set a $161.00 price objective on the stock. in a research report on Thursday, July 16th. Credit Suisse Group raised their price objective on shares of McKesson from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price objective on shares of McKesson from $187.00 to $198.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, Guggenheim raised their price objective on shares of McKesson from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $178.00. Read more …

 


GlaxoSmithKline (NYSE:GSK) was upgraded by Liberum Capital from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports.

Several other brokerages also recently issued reports on GSK. Societe Generale reiterated a “buy” rating on shares of GlaxoSmithKline in a research report on Friday, September 18th. Berenberg Bank began coverage on GlaxoSmithKline in a research note on Tuesday, September 29th. They issued a “buy” rating for the company. AlphaValue raised shares of GlaxoSmithKline to a “buy” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of GlaxoSmithKline in a research report on Wednesday, October 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of GlaxoSmithKline in a research note on Friday, October 9th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.00. Read more …

 

 

 


Intel (NASDAQ:INTC) was upgraded by stock analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a $38.00 target price on the chip maker’s stock, down from their prior target price of $46.00. The Goldman Sachs Group’s price target would indicate a potential downside of 16.04% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Tuesday, July 7th. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $60.00 to $45.00 in a research report on Friday, October 23rd. SVB Leerink initiated coverage on shares of Intel in a research report on Friday, July 24th. They set a “hold” rating on the stock. Northland Securities raised shares of Intel from an “under perform” rating to a “market perform” rating and set a $46.00 target price on the stock in a research report on Monday. Finally, Roth Capital lowered their target price on shares of Intel from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 23rd. Eleven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $57.69. Read more …

 


Dominion Energy (NYSE:D) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Monday, The Fly reports.

Other equities analysts have also recently issued research reports about the stock. UBS Group restated a “buy” rating and issued a $92.00 price objective on shares of Dominion Energy in a research report on Monday, July 6th. Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $82.00 to $84.00 in a research report on Tuesday, September 29th. TheStreet cut shares of Dominion Energy from a “b-” rating to a “c+” rating in a research report on Friday, July 31st. Finally, KeyCorp cut shares of Dominion Energy to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven 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 $82.06. Read more …

 


Kimco Realty (NYSE:KIM) was upgraded by analysts at Truist from a “hold” rating to a “buy” rating in a report released on Tuesday, Analyst Ratings Network reports. The brokerage presently has a $14.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $12.00. Truist’s price objective points to a potential upside of 33.97% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised shares of Kimco Realty from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Monday, July 6th. Compass Point raised Kimco Realty from a “sell” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Wednesday, July 8th. Piper Sandler raised Kimco Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $13.00 to $15.00 in a report on Tuesday, August 11th. Capital One Financial reissued an “equal weight” rating on shares of Kimco Realty in a report on Wednesday, October 28th. Finally, Zacks Investment Research raised Kimco Realty from a “sell” rating to a “hold” rating and set a $13.00 price target for the company in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $14.37. Read more …

 

 


Sysco (NYSE:SYY) was upgraded by stock analysts at Consumer Edge from an “underweight” rating to an “equal weight” rating in a research report issued on Wednesday, AR Network reports.

Several other analysts have also recently issued reports on SYY. JPMorgan Chase & Co. upped their target price on Sysco from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, October 20th. Zacks Investment Research raised Sysco from a “sell” rating to a “hold” rating and set a $71.00 price target on the stock in a research note on Tuesday, October 13th. BMO Capital Markets upped their price target on Sysco from $51.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Edward Jones raised Sysco from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Finally, Wolfe Research assumed coverage on Sysco in a research note on Wednesday, September 23rd. They issued a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $71.44. Read more …

 


Verizon Communications (NYSE:VZ) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Thursday, AnalystRatings.net reports. The firm presently has a $65.00 price target on the cell phone carrier's stock, up from their prior price target of $61.00. JPMorgan Chase & Co.'s target price indicates a potential upside of 13.60% from the company's previous close.

VZ has been the subject of a number of other research reports. Argus upgraded shares of Verizon Communications from a "hold" rating to a "buy" rating and set a $68.00 target price for the company in a research report on Tuesday, September 8th. Oppenheimer assumed coverage on shares of Verizon Communications in a research report on Tuesday, September 15th. They issued a "buy" rating and a $70.00 price objective for the company. Scotiabank boosted their price objective on shares of Verizon Communications from $63.00 to $64.00 and gave the company a "sector outperform" rating in a research report on Monday, July 27th. UBS Group boosted their price objective on shares of Verizon Communications from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Finally, Raymond James boosted their price objective on shares of Verizon Communications from $61.00 to $64.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and an average price target of $62.05. Read more …

 


The Western Union (NYSE:WU) was upgraded by equities research analysts at Smith Barney Citigroup from a "sell" rating to a "neutral" rating in a research report issued on Thursday, The Fly reports. The brokerage presently has a $22.00 price objective on the credit services provider's stock, up from their prior price objective of $21.00. Smith Barney Citigroup's price objective would indicate a potential upside of 4.71% from the stock's previous close.

A number of other equities analysts have also recently commented on WU. Bank of America raised shares of The Western Union from a "neutral" rating to a "buy" rating and set a $26.00 price objective for the company in a research note on Tuesday, September 15th. Zacks Investment Research upgraded The Western Union from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on The Western Union from $20.00 to $25.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised The Western Union from a "sell" rating to a "neutral" rating and raised their price objective for the company from $21.00 to $22.00 in a research note on Thursday. Finally, BTIG Research reiterated a "buy" rating and issued a $28.00 target price on shares of The Western Union in a report on Tuesday, August 4th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of "Hold" and an average price target of $22.76. Read more …

 

 


Microsoft (NASDAQ:MSFT) was upgraded by investment analysts at Oppenheimer from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm presently has a $260.00 price objective on the software giant's stock. Oppenheimer's price target would indicate a potential upside of 20.15% from the stock's previous close. Oppenheimer also issued estimates for Microsoft's FY2022 earnings at $7.24 EPS.

Other analysts have also issued reports about the company. Mizuho raised their price target on Microsoft from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Microsoft from $245.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Citigroup upped their price target on shares of Microsoft from $179.00 to $216.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $255.00 price target (up previously from $235.00) on shares of Microsoft in a research note on Wednesday, October 28th. Finally, Fundamental Research boosted their price objective on shares of Microsoft from $220.41 to $223.67 and gave the company a "top pick" rating in a research note on Wednesday, October 28th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company's stock. Microsoft has a consensus rating of "Buy" and a consensus price target of $230.46. Read more …

 

 

Downgrades:

 


Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) was downgraded by investment analysts at Raymond James to a “market perform” rating in a report issued on Thursday, The Fly reports.

Several other equities analysts have also issued reports on BEP. National Bank Financial lowered their price target on Brookfield Renewable Partners from $59.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Scotiabank boosted their price target on Brookfield Renewable Partners from $44.00 to $46.00 and gave the company a “sector perform” rating in a research note on Friday, September 25th. Royal Bank of Canada boosted their price target on Brookfield Renewable Partners from $43.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Industrial Alliance Securities lowered Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, CSFB reiterated a “hold” rating on shares of Brookfield Renewable Partners in a research note on Tuesday, September 29th. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $53.56. Read more …


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