Notable Analyst Upgrades and Downgrades for Week of November 16, 2020

 


Upgrades:

 


Bristol-Myers Squibb (NYSE:BMY) - Equities research analysts at William Blair cut their Q2 2021 earnings per share estimates for Bristol-Myers Squibb in a report released on Monday, November 16th. William Blair analyst M. Phipps now expects that the biopharmaceutical company will post earnings of $1.86 per share for the quarter, down from their prior estimate of $1.87.

Several other equities analysts also recently weighed in on the company. Sanford C. Bernstein reiterated a "market perform" rating and set a $72.00 target price on shares of Bristol-Myers Squibb in a research report on Tuesday, November 10th. Societe Generale upgraded Bristol-Myers Squibb from a "hold" rating to a "buy" rating and set a $76.00 target price on the stock in a research report on Monday. Raymond James reiterated a "buy" rating on shares of Bristol-Myers Squibb in a research report on Friday, September 25th. Cfra reiterated a "buy" rating and set a $70.00 target price on shares of Bristol-Myers Squibb in a research report on Sunday, July 26th. Finally, Morgan Stanley increased their target price on Bristol-Myers Squibb from $64.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. Bristol-Myers Squibb has an average rating of "Buy" and a consensus target price of $73.69. Read more …

 


International Paper (NYSE:IP) was upgraded by research analysts at Smith Barney Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, The Fly reports.

Other analysts have also recently issued reports about the company. Argus cut International Paper from a “buy” rating to a “hold” rating in a report on Friday, August 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised International Paper from a “neutral” rating to a “buy” rating in a report on Monday. BMO Capital Markets raised International Paper from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $53.00 in a report on Monday, October 12th. DA Davidson reaffirmed a “buy” rating on shares of International Paper in a report on Friday, July 31st. Finally, Morgan Stanley lifted their price objective on International Paper from $29.00 to $37.00 and gave the company an “underweight” rating in a report on Monday, October 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.42. Read more …

 


Chevron (NYSE:CVX)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a note issued to investors on Tuesday, Analyst Ratings Network reports. They currently have a $95.00 price target on the oil and gas company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 6.79% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Piper Sandler cut Chevron from an “overweight” rating to a “neutral” rating and set a $108.00 target price for the company. in a research note on Monday, August 17th. Morgan Stanley decreased their price objective on Chevron from $108.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Scotia Howard Weill downgraded shares of Chevron from a “buy” rating to a “sector perform” rating and set a $121.00 target price on the stock. in a report on Thursday, September 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $97.00 price target on shares of Chevron in a report on Tuesday, October 20th. Finally, Raymond James reiterated a “buy” rating on shares of Chevron in a report on Friday, October 30th. Eleven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $107.28. Read more …

 



The Charles Schwab (NYSE:SCHW) was upgraded by analysts at Smith Barney Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Tuesday, The Fly reports. The firm presently has a $54.00 price objective on the financial services provider's stock, up from their prior price objective of $44.00. Smith Barney Citigroup's target price would suggest a potential upside of 10.84% from the stock's previous close.

A number of other research firms have also commented on SCHW. Bank of America upped their price objective on shares of The Charles Schwab from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Friday, October 16th. Argus upped their price objective on shares of The Charles Schwab from $42.00 to $50.00 in a research note on Friday, October 16th. TheStreet raised shares of The Charles Schwab from a "c" rating to a "b-" rating in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of The Charles Schwab from a "hold" rating to a "buy" rating and upped their price objective for the company from $43.00 to $53.00 in a research note on Wednesday, November 11th. Finally, Morgan Stanley upped their price objective on shares of The Charles Schwab from $51.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. The company has a consensus rating of "Hold" and an average target price of $46.75. Read more …

 


McKesson (NYSE:MCK) was upgraded by research analysts at The Goldman Sachs Group from a "buy" rating to a "conviction-buy" rating in a report issued on Wednesday, The Fly reports.

MCK has been the subject of a number of other research reports. Barclays raised shares of McKesson from an "equal weight" rating to an "overweight" rating and set a $166.00 target price for the company in a research report on Monday, November 2nd. Credit Suisse Group lifted their target price on shares of McKesson from $174.00 to $178.00 and gave the stock a "neutral" rating in a research report on Thursday, November 5th. ValuEngine raised shares of McKesson from a "strong sell" rating to a "sell" rating in a research report on Monday, October 19th. JPMorgan Chase & Co. lifted their target price 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, Deutsche Bank Aktiengesellschaft lifted their price target on shares of McKesson from $202.00 to $222.00 and gave the stock a "buy" rating in a research note on Wednesday, November 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. The stock currently has an average rating of "Buy" and a consensus price target of $183.86. Read more …

 


Target (NYSE:TGT) was upgraded by investment analysts at MKM Partners from a “sell” rating to a “neutral” rating in a report released on Thursday, Briefing.com reports. The firm presently has a $156.00 target price on the retailer’s stock, up from their previous target price of $127.00. MKM Partners’ price objective indicates a potential downside of 6.50% from the stock’s current price.

A number of other research firms also recently issued reports on TGT. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Target in a research report on Wednesday, August 12th. Tigress Financial reiterated a “buy” rating on shares of Target in a research report on Wednesday, September 23rd. Raymond James reiterated a “buy” rating and set a $180.00 target price on shares of Target in a research report on Wednesday, August 19th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $163.00 price objective on the stock in a report on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Target in a report on Thursday, October 8th. They set a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Target has an average rating of “Buy” and an average target price of $145.22. Read more …

 



Wells Fargo & Company (NYSE:WFC) was upgraded by DA Davidson from a "neutral" rating to a "buy" rating in a report issued on Thursday, The Fly reports.

Several other research analysts have also issued reports on the company. Royal Bank of Canada reaffirmed a "sell" rating and set a $25.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, September 23rd. Odeon Capital Group raised Wells Fargo & Company from a "hold" rating to a "buy" rating in a research report on Wednesday, September 2nd. Atlantic Securities raised Wells Fargo & Company from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $28.00 to $30.00 in a research report on Wednesday, July 22nd. UBS Group raised Wells Fargo & Company from a "sell" rating to a "neutral" rating and raised their target price for the stock from $21.00 to $24.00 in a research report on Friday, September 11th. Finally, Wolfe Research raised Wells Fargo & Company from a "peer perform" rating to an "outperform" rating and raised their target price for the stock from $31.00 to $34.00 in a research report on Monday, September 14th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company's stock. The company currently has a consensus rating of "Hold" and an average price target of $31.07. Read more …



Leggett & Platt (NYSE:LEG) was upgraded by stock analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research note issued to investors on Thursday, The Fly reports.

A number of other brokerages also recently commented on LEG. Zacks Investment Research raised Leggett & Platt from a "hold" rating to a "buy" rating and set a $46.00 price target for the company in a report on Tuesday, October 6th. TheStreet raised Leggett & Platt from a "c" rating to a "b" rating in a report on Monday, November 2nd. Raymond James increased their target price on Leggett & Platt from $45.00 to $48.00 and gave the stock a "strong-buy" rating in a report on Wednesday, November 4th. Finally, Piper Sandler increased their target price on Leggett & Platt from $39.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 4th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. The company has an average rating of "Buy" and a consensus target price of $40.83. Read more …



Downgrades:

 


Welltower (NYSE:WELL) was downgraded by Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a note issued to investors on Monday, AR Network reports. They currently have a $63.50 price objective on the real estate investment trust's stock, up from their previous price objective of $54.00. Wells Fargo & Company's price objective would suggest a potential downside of 3.67% from the stock's current price.

Several other equities research analysts have also recently weighed in on the company. Desjardins assumed coverage on Welltower in a research note on Wednesday, July 22nd. They set a "buy" rating for the company. Stifel Nicolaus restated a "hold" rating and set a $56.00 target price on shares of Welltower in a research note on Tuesday, September 1st. Evercore ISI cut Welltower from an "outperform" rating to an "in-line" rating and set a $64.00 target price for the company. in a research note on Friday. Jefferies Financial Group upgraded Welltower from an "underperform" rating to a "hold" rating and set a $60.00 target price for the company in a research note on Tuesday, November 10th. Finally, Barclays upped their target price on Welltower from $50.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company's stock. Welltower currently has an average rating of "Hold" and a consensus target price of $55.47. Read more …

 



American Electric Power (NASDAQ:AEP) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued to investors on Monday, Stock Target Advisor reports.

A number of other research analysts have also weighed in on the stock. KeyCorp raised their target price on shares of American Electric Power from $96.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Royal Bank of Canada raised their target price on shares of American Electric Power from $94.00 to $98.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. Morgan Stanley raised their target price on shares of American Electric Power from $99.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. Finally, BidaskClub lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Friday, November 6th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. American Electric Power currently has an average rating of “Buy” and an average price target of $100.33. Read more …

 


Honeywell International (NYSE:HON) was downgraded by stock analysts at HSBC from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports.

Several other research analysts have also recently commented on HON. Robert W. Baird boosted their price target on shares of Honeywell International from $150.00 to $167.00 in a report on Monday, July 27th. Credit Suisse Group boosted their price target on shares of Honeywell International from $170.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $198.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Bank of America boosted their price objective on shares of Honeywell International from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Finally, Jefferies Financial Group boosted their price objective on shares of Honeywell International from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and an average target price of $167.28. Read more …

 


ONEOK (NYSE:OKE) was downgraded by equities research analysts at Bank of America from a "neutral" rating to an "underperform" rating in a report issued on Wednesday, The Fly reports.

Several other research analysts have also recently issued reports on the company. ValuEngine cut ONEOK from a "hold" rating to a "sell" rating in a research note on Monday, August 3rd. Stifel Nicolaus decreased their price target on ONEOK from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Argus cut ONEOK from a "buy" rating to a "hold" rating in a research note on Monday, August 3rd. Credit Suisse Group increased their price target on ONEOK from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Friday, October 30th. Finally, The Goldman Sachs Group cut ONEOK from a "neutral" rating to a "sell" rating and set a $26.00 target price for the company. in a research note on Wednesday, October 14th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company's stock. The company currently has an average rating of "Hold" and a consensus target price of $35.26. Read more …

 



The Bank of New York Mellon (NYSE:BK) was downgraded by equities researchers at Bank of America from a "neutral" rating to an "underperform" rating in a research note issued on Friday, The Fly reports. They currently have a $39.00 target price on the bank's stock, down from their previous target price of $42.00. Bank of America's price objective would suggest a potential upside of 1.33% from the stock's current price.

Several other research firms have also issued reports on BK. Keefe, Bruyette & Woods lowered The Bank of New York Mellon from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $47.00 to $43.00 in a report on Wednesday. Smith Barney Citigroup lowered The Bank of New York Mellon from a "buy" rating to a "neutral" rating in a report on Tuesday, November 10th. Deutsche Bank Aktiengesellschaft upgraded The Bank of New York Mellon from a "hold" rating to a "buy" rating and upped their price objective for the company from $39.00 to $46.00 in a research note on Wednesday, November 11th. UBS Group dropped their price objective on The Bank of New York Mellon from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, October 6th. Finally, Morgan Stanley lowered The Bank of New York Mellon from a "buy" rating to a "neutral" rating in a research note on Tuesday, November 10th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of "Hold" and a consensus target price of $44.56. Read more …

 


T. Rowe Price Group (NASDAQ:TROW) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They presently have a $154.00 price target on the asset manager’s stock. Bank of America‘s price target indicates a potential upside of 10.17% from the stock’s previous close.

A number of other research analysts also recently issued reports on TROW. Morgan Stanley cut their price objective on T. Rowe Price Group from $160.00 to $152.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. Citigroup boosted their price target on T. Rowe Price Group from $135.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Zacks Investment Research cut T. Rowe Price Group from a “strong-buy” rating to a “hold” rating and set a $135.00 price target on the stock. in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft boosted their price target on T. Rowe Price Group from $145.00 to $150.00 in a report on Wednesday, November 11th. Finally, BidaskClub cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Thursday, October 29th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $124.67. Read more …

 


Royal Bank of Canada (NYSE:RY) (TSE:RY) was downgraded by research analysts at CIBC from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.

Several other research firms have also recently commented on RY. Veritas Investment Research upgraded shares of Royal Bank of Canada from a “sell” rating to a “buy” rating in a report on Thursday, October 29th. TD Securities boosted their price target on shares of Royal Bank of Canada from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Canaccord Genuity boosted their price target on shares of Royal Bank of Canada from $95.50 to $104.50 and gave the company a “hold” rating in a report on Thursday, August 27th. Bank of America boosted their price target on shares of Royal Bank of Canada from $113.00 to $114.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, BMO Capital Markets boosted their price target on shares of Royal Bank of Canada from $93.00 to $97.00 and gave the company a “market perform” rating in a report on Thursday, August 27th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $101.29. Read more …




W.W. Grainger (NYSE:GWW) was downgraded by stock analysts at William Blair from an “outperform” rating to a “market perform” rating in a report issued on Friday, AR Network reports.

Other research analysts also recently issued reports about the company. UBS Group upped their price target on W.W. Grainger from $425.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer lifted their price objective on shares of W.W. Grainger from $375.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 30th. Jefferies Financial Group lifted their price objective on shares of W.W. Grainger from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Raymond James lifted their price objective on shares of W.W. Grainger from $390.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Finally, Stephens began coverage on shares of W.W. Grainger in a research report on Thursday, October 15th. They set an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. W.W. Grainger has an average rating of “Hold” and a consensus target price of $359.14. Read more …


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