January 8, 2021

Notable Analyst Upgrades and Downgrades for Week of January 4, 2021 (Part 1)

 


Upgrades:

 


Morgan Stanley (NYSE:MS) was upgraded by investment analysts at Barclays from an "equal weight" rating to an "overweight" rating in a note issued to investors on Monday, AR Network reports. The brokerage currently has a $88.00 target price on the financial services provider's stock. Barclays's target price points to a potential upside of 28.41% from the stock's current price.

A number of other equities analysts also recently commented on MS. JPMorgan Chase & Co. assumed coverage on Morgan Stanley in a research note on Tuesday, October 13th. They issued an "overweight" rating and a $57.00 price target for the company. DA Davidson lifted their price target on Morgan Stanley from $64.00 to $68.00 in a research note on Friday, October 16th. ValuEngine downgraded Morgan Stanley from a "sell" rating to a "strong sell" rating in a research note on Wednesday, December 2nd. Berenberg Bank lifted their price target on Morgan Stanley from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, October 19th. Finally, Oppenheimer reissued a "buy" rating on shares of Morgan Stanley in a report on Tuesday, September 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of "Buy" and a consensus price target of $59.52. Read more …

 


The Goldman Sachs Group (NYSE:GS) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Monday, AR Network reports. The brokerage currently has a $362.00 target price on the investment management company’s stock. Barclays‘s price objective would suggest a potential upside of 37.27% from the company’s current price.

GS has been the subject of several other reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of The Goldman Sachs Group in a research report on Monday, December 21st. ValuEngine cut The Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Credit Suisse Group increased their price target on The Goldman Sachs Group from $262.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, December 11th. BMO Capital Markets upped their price target on The Goldman Sachs Group from $267.00 to $274.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Finally, JMP Securities raised their target price on shares of The Goldman Sachs Group from $280.00 to $285.00 and gave the company a “market outperform” rating in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $262.86. Read more …

 


AT&T (NYSE:T) was upgraded by research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a note issued to investors on Monday, Briefing.com reports. The firm currently has a $32.00 target price on the technology company's stock. Raymond James' target price would suggest a potential upside of 11.27% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. KeyCorp cut shares of AT&T from a "sector weight" rating to an "underweight" rating and set a $25.00 price target for the company. in a research report on Monday, October 5th. BidaskClub lowered shares of AT&T from a "sell" rating to a "strong sell" rating in a research note on Friday, December 18th. Barclays initiated coverage on AT&T in a research note on Friday, October 2nd. They issued an "overweight" rating on the stock. Royal Bank of Canada lowered their target price on shares of AT&T from $32.00 to $30.00 in a report on Monday, October 26th. Finally, Morgan Stanley downgraded AT&T from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $36.00 to $34.00 in a research report on Thursday, December 17th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. The stock presently has an average rating of "Hold" and a consensus price target of $32.40. Read more …

 

 


V.F. (NYSE:VFC) was upgraded by equities research analysts at Piper Sandler to an “overweight” rating in a research note issued to investors on Monday, Stock Target Advisor reports. The firm currently has a $106.00 target price on the textile maker’s stock, up from their previous target price of $73.00. Piper Sandler’s price target would suggest a potential upside of 24.11% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company upgraded shares of V.F. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $85.00 to $100.00 in a research note on Tuesday, November 17th. Royal Bank of Canada increased their price objective on shares of V.F. from $84.00 to $94.00 in a research report on Tuesday, November 10th. Robert W. Baird raised their price target on shares of V.F. from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 10th. Cowen raised their price target on shares of V.F. from $64.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Finally, BTIG Research raised shares of V.F. from a “neutral” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, September 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.42. Read more …

 


Gilead Sciences (NASDAQ:GILD) was upgraded by research analysts at Guggenheim from a "neutral" rating to a "buy" rating in a research note issued to investors on Monday, The Fly reports.

A number of other research analysts have also issued reports on GILD. Robert W. Baird boosted their target price on shares of Gilead Sciences from $63.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, December 16th. Royal Bank of Canada boosted their target price on shares of Gilead Sciences from $82.00 to $86.00 in a research note on Friday, September 18th. UBS Group assumed coverage on shares of Gilead Sciences in a research note on Wednesday, October 28th. They set a "neutral" rating and a $61.00 target price for the company. Morgan Stanley reaffirmed an "equal weight" rating and issued a $67.00 price target on shares of Gilead Sciences in a research note on Tuesday, November 3rd. Finally, Credit Suisse Group reduced their price target on shares of Gilead Sciences from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, December 16th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus target price of $92.87. Read more …

 


Illinois Tool Works (NYSE:ITW) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Monday, The Fly reports. The firm presently has a $232.00 price target on the industrial products company’s stock, up from their previous price target of $211.00. UBS Group’s price objective points to a potential upside of 13.79% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. BidaskClub downgraded Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Wednesday, December 30th. Stifel Nicolaus raised their target price on Illinois Tool Works from $194.00 to $195.00 and gave the company a “hold” rating in a report on Monday, October 26th. Smith Barney Citigroup raised their target price on Illinois Tool Works from $203.00 to $211.00 in a report on Monday, October 26th. BMO Capital Markets raised their price objective on Illinois Tool Works from $205.00 to $225.00 in a report on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Illinois Tool Works from $173.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 26th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $187.29. Read more …

 

 


T. Rowe Price Group (NASDAQ:TROW) was upgraded by research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm presently has a $170.00 target price on the asset manager’s stock, up from their prior target price of $134.00. The Goldman Sachs Group’s target price would suggest a potential upside of 15.11% from the stock’s current price.

A number of other equities analysts have also commented on TROW. Morgan Stanley decreased their price target on shares of T. Rowe Price Group from $160.00 to $152.00 and set an “equal weight” rating on the stock in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of T. Rowe Price Group from $145.00 to $150.00 in a research report on Wednesday, November 11th. Bank of America cut shares of T. Rowe Price Group from a “buy” rating to a “neutral” rating and set a $154.00 price target for the company. in a research report on Thursday, November 19th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Friday, December 4th. Finally, BidaskClub lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Thursday, October 29th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $133.75. Read more …

 


Vodafone Group (NASDAQ:VOD) was upgraded by Berenberg Bank from a "hold" rating to a "buy" rating in a report issued on Wednesday, The Fly reports.

Several other equities research analysts have also issued reports on VOD. HSBC reissued a "buy" rating on shares of Vodafone Group in a research report on Thursday, December 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Vodafone Group in a research report on Wednesday, December 16th. Zacks Investment Research raised shares of Vodafone Group from a "hold" rating to a "buy" rating and set a $18.00 price objective for the company in a research report on Friday, November 20th. BidaskClub lowered shares of Vodafone Group from a "sell" rating to a "strong sell" rating in a research report on Saturday, November 7th. Finally, Redburn Partners raised shares of Vodafone Group from a "neutral" rating to a "buy" rating in a research report on Monday, December 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus price target of $17.00. Read more …

 


TELUS (NYSE:TU) (TSE:T) was upgraded by equities research analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports. The brokerage presently has a $27.00 price target on the Wireless communications provider’s stock, up from their prior price target of $24.00. Canaccord Genuity’s price objective indicates a potential upside of 32.94% from the company’s current price.

A number of other brokerages also recently commented on TU. Zacks Investment Research upgraded TELUS from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, October 19th. Scotiabank lifted their price target on shares of TELUS from $27.50 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 10th. BidaskClub cut shares of TELUS from a “buy” rating to a “hold” rating in a research note on Friday, December 18th. Barclays assumed coverage on shares of TELUS in a research report on Friday, October 2nd. They set an “overweight” rating and a $21.00 target price on the stock. Finally, National Bank Financial raised shares of TELUS from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Monday, November 9th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. TELUS has a consensus rating of “Buy” and an average target price of $26.19. Read more …

 

 


Mastercard (NYSE:MA) was upgraded by research analysts at Bank of America from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm presently has a $400.00 target price on the credit services provider's stock. Bank of America's price objective would indicate a potential upside of 15.13% from the stock's previous close.

Several other research analysts have also issued reports on MA. Morgan Stanley increased their price target on shares of Mastercard from $338.00 to $359.00 and gave the stock an "overweight" rating in a research report on Monday, October 26th. Barclays reaffirmed a "buy" rating and issued a $320.00 price target on shares of Mastercard in a research note on Tuesday, December 22nd. JPMorgan Chase & Co. cut their price objective on Mastercard from $372.00 to $342.00 and set an "overweight" rating for the company in a report on Thursday, October 29th. Keefe, Bruyette & Woods upped their target price on shares of Mastercard from $371.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, September 9th. Finally, Royal Bank of Canada reduced their price target on shares of Mastercard from $350.00 to $372.00 in a research report on Thursday, October 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have given a buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and an average target price of $350.06. Read more …

 

 

Downgrades:

 


Citigroup (NYSE:C) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Monday, AR Network reports. They presently have a $72.00 price target on the stock. Barclays‘s price target indicates a potential upside of 16.77% from the company’s current price. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company dropped their price target on Citigroup from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 15th. They noted that the move was a valuation call. Berenberg Bank cut their price target on shares of Citigroup from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Piper Sandler boosted their price objective on shares of Citigroup from $56.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 16th. Morgan Stanley upped their target price on Citigroup from $58.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, November 30th. Finally, Oppenheimer reissued a “buy” rating and issued a $100.00 price objective on shares of Citigroup in a report on Thursday, October 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.02. Read more …

 


Chubb (NYSE:CB) was downgraded by investment analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued to investors on Monday, Analyst Ratings Network reports. They currently have a $155.00 target price on the financial services provider's stock, up from their previous target price of $152.00. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 0.70% from the company's current price.

CB has been the subject of several other research reports. Morgan Stanley raised their target price on shares of Chubb from $137.00 to $149.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 24th. Smith Barney Citigroup raised shares of Chubb from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $138.00 to $176.00 in a report on Tuesday, December 8th. TheStreet raised shares of Chubb from a "c" rating to a "b-" rating in a report on Thursday, October 29th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Chubb from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $138.00 to $176.00 in a report on Tuesday, December 8th. Finally, Piper Sandler lifted their price objective on shares of Chubb from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, October 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Chubb currently has a consensus rating of "Hold" and an average price target of $154.42. Read more …

 

 


PepsiCo (NASDAQ:PEP) was downgraded by research analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a report issued on Monday, The Fly reports. They currently have a $153.00 price target on the stock. Royal Bank of Canada's price objective suggests a potential upside of 3.17% from the company's previous close. The analysts noted that the move was a valuation call.

A number of other research firms also recently commented on PEP. BidaskClub upgraded shares of PepsiCo from a "sell" rating to a "hold" rating in a research note on Thursday. Truist raised their price target on shares of PepsiCo from $130.00 to $135.00 in a research report on Friday, October 2nd. UBS Group raised their price target on shares of PepsiCo from $140.00 to $146.00 in a research report on Friday, October 2nd. Citigroup upgraded shares of PepsiCo from a "neutral" rating to a "buy" rating and raised their price target for the stock from $148.00 to $169.00 in a research report on Monday, October 12th. Finally, Morgan Stanley increased their price objective on shares of PepsiCo from $155.00 to $158.00 and gave the stock an "overweight" rating in a report on Friday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of "Buy" and an average price target of $144.88. Read more …

 


The Coca-Cola (NYSE:KO) was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Monday, AR Network reports. They presently have a $55.00 target price on the stock. Royal Bank of Canada’s target price points to a potential upside of 0.29% from the company’s current price.

A number of other brokerages have also recently weighed in on KO. UBS Group lifted their price target on shares of The Coca-Cola from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Wells Fargo & Company assumed coverage on shares of The Coca-Cola in a report on Monday, December 7th. They set an “overweight” rating and a $62.00 price objective on the stock. BidaskClub raised shares of The Coca-Cola from a “sell” rating to a “hold” rating in a research note on Saturday, December 12th. Zacks Investment Research downgraded The Coca-Cola from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Tuesday, September 22nd. Finally, Morgan Stanley increased their price objective on The Coca-Cola from $57.00 to $59.00 in a report on Thursday, December 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.50. Read more …

 


Stanley Black & Decker (NYSE:SWK) was downgraded by Bank of America from a "neutral" rating to an "underperform" rating in a note issued to investors on Monday, Briefing.com reports. They currently have a $175.00 target price on the industrial products company's stock. Bank of America's price target would suggest a potential downside of 1.99% from the stock's current price.

Several other analysts have also commented on SWK. Barclays lifted their target price on shares of Stanley Black & Decker from $184.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, November 30th. Zacks Investment Research upgraded shares of Stanley Black & Decker from a "hold" rating to a "strong-buy" rating and set a $204.00 target price for the company in a research note on Wednesday, December 30th. UBS Group lifted their target price on shares of Stanley Black & Decker from $173.00 to $184.00 and gave the stock a "buy" rating in a research note on Monday, September 14th. Robert W. Baird lifted their target price on shares of Stanley Black & Decker from $184.00 to $204.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 20th. Finally, Credit Suisse Group lifted their target price on shares of Stanley Black & Decker from $163.00 to $179.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. The stock presently has an average rating of "Buy" and a consensus price target of $179.67. Read more …

 

 


Northern Trust (NASDAQ:NTRS) was downgraded by equities research analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a research note issued to investors on Tuesday, Briefing.com reports. They presently have a $85.00 price objective on the asset manager's stock, down from their prior price objective of $90.00. The Goldman Sachs Group's price objective points to a potential downside of 8.11% from the stock's previous close.

A number of other equities research analysts have also commented on the company. Morgan Stanley decreased their price target on Northern Trust from $132.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 16th. Barclays upped their target price on Northern Trust from $92.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday. ValuEngine upgraded Northern Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, November 10th. BidaskClub upgraded Northern Trust from a "sell" rating to a "hold" rating in a research note on Saturday, October 17th. Finally, JPMorgan Chase & Co. downgraded Northern Trust from a "neutral" rating to an "underweight" rating and set a $90.00 price target for the company. in a research note on Tuesday, December 1st. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company's stock. Northern Trust has an average rating of "Hold" and an average target price of $95.41. Read more …

 


The Charles Schwab (NYSE:SCHW) was downgraded by equities researchers at Wolfe Research from a “peer perform” rating to an “underperform” rating in a report released on Tuesday, Briefing.com reports. They presently have a $56.00 price objective on the financial services provider’s stock, up from their prior price objective of $39.00. Wolfe Research’s target price would suggest a potential upside of 6.14% from the company’s current price.

SCHW has been the subject of a number of other reports. Wells Fargo & Company raised The Charles Schwab from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $44.00 to $58.00 in a research report on Tuesday, December 1st. Argus increased their price target on The Charles Schwab from $42.00 to $50.00 in a report on Friday, October 16th. Morgan Stanley boosted 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, November 17th. Deutsche Bank Aktiengesellschaft upgraded shares of The Charles Schwab from a “hold” rating to a “buy” rating and raised their target price for the stock from $43.00 to $53.00 in a research note on Wednesday, November 11th. Finally, Smith Barney Citigroup raised shares of The Charles Schwab from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $54.00 in a report on Tuesday, November 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.08. Read more …

 


Kellogg (NYSE:K) was downgraded by equities researchers at Piper Sandler from an “overweight” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.

Separately, Credit Suisse Group cut Kellogg from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $77.00 to $68.00 in a report on Monday, November 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $70.57.

Shares of K traded up $0.35 during mid-day trading on Tuesday, reaching $61.80. The company had a trading volume of 1,617,831 shares, compared to its average volume of 2,394,411. The company’s 50-day moving average is $62.76 and its 200-day moving average is $65.73. Kellogg has a twelve month low of $52.66 and a twelve month high of $72.88. The company has a market capitalization of $21.24 billion, a P/E ratio of 17.86, a P/E/G ratio of 4.25 and a beta of 0.59. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.58. Read more …

 

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