Notable Analyst Upgrades and Downgrades for Week of January 11, 2021 (Part 2)

 


Upgrades:

 


Intel (NASDAQ:INTC) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, Briefing.com reports. The brokerage presently has a $70.00 price target on the chip maker’s stock, up from their previous price target of $50.00. BMO Capital Markets’ target price would indicate a potential upside of 22.91% from the stock’s current price.

A number of other equities analysts have also recently issued reports on INTC. Deutsche Bank Aktiengesellschaft cut their target price on shares of Intel from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. The Goldman Sachs Group raised their target price on shares of Intel from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, December 14th. Bank of America cut shares of Intel to a “sell” rating and set a $45.00 target price on the stock. in a report on Tuesday, December 15th. Smith Barney Citigroup cut their target price on shares of Intel from $53.00 to $50.00 in a report on Friday, October 23rd. Finally, Royal Bank of Canada set a $40.00 target price on shares of Intel and gave the stock a “sell” rating in a report on Wednesday. Eleven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $59.62. Read more …

 


Chevron (NYSE:CVX) was upgraded by investment analysts at HSBC to a “buy” rating in a report issued on Thursday, TipRanks reports. The brokerage currently has a $105.00 price target on the oil and gas company’s stock. HSBC’s price objective suggests a potential upside of 12.60% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company downgraded shares of Chevron from an “overweight” rating to an “equal weight” rating and set a $105.00 price target for the company. in a research note on Tuesday, December 15th. MKM Partners began coverage on shares of Chevron in a research note on Thursday, September 24th. They issued a “buy” rating and a $121.00 price objective for the company. Scotia Howard Weill cut shares of Chevron from a “buy” rating to a “sector perform” rating and set a $121.00 target price for the company. in a report on Thursday, September 24th. BidaskClub raised shares of Chevron from a “strong sell” rating to a “sell” rating in a report on Saturday, January 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $95.00 price target on shares of Chevron in a report on Tuesday, November 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Chevron presently has a consensus rating of “Buy” and a consensus target price of $103.00. Read more …

 


Crown Castle International (NYSE:CCI) was upgraded by analysts at Smith Barney Citigroup from a "neutral" rating to a "buy" rating in a report issued on Thursday, The Fly reports.

Several other analysts also recently weighed in on CCI. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Crown Castle International from a "neutral" rating to a "buy" rating and set a $170.00 target price for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Crown Castle International from a "hold" rating to a "buy" rating and boosted their price target for the company from $177.00 to $180.00 in a research report on Friday, December 11th. Wells Fargo & Company boosted their price target on shares of Crown Castle International from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 16th. Credit Suisse Group reduced their price target on shares of Crown Castle International from $148.00 to $146.00 and set a "neutral" rating for the company in a research report on Friday, October 23rd. Finally, Raymond James raised shares of Crown Castle International from a "market perform" rating to an "outperform" rating and set a $172.00 price target for the company in a research report on Monday, October 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Crown Castle International has a consensus rating of "Buy" and an average target price of $174.82. Read more …

 

 


UBS Group (NYSE:UBS) was upgraded by Berenberg Bank from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Briefing.com reports.

A number of other equities analysts have also commented on UBS. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of UBS Group in a research note on Monday, December 7th. Credit Suisse Group restated a “buy” rating on shares of UBS Group in a research note on Wednesday, October 21st. The Goldman Sachs Group downgraded UBS Group from a “buy” rating to a “neutral” rating in a report on Wednesday, November 18th. Morgan Stanley reaffirmed an “equal weight” rating on shares of UBS Group in a report on Tuesday, November 24th. Finally, Bank of America reaffirmed a “buy” rating on shares of UBS Group in a report on Friday, November 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.00. Read more …

 

 

Downgrades:

 


Automatic Data Processing (NASDAQ:ADP) was downgraded by Evercore ISI from an "outperform" rating to an "underperform" rating in a research note issued to investors on Tuesday, The Fly reports. They presently have a $143.00 target price on the business services provider's stock, down from their previous target price of $197.00. Evercore ISI's target price indicates a potential downside of 15.41% from the company's current price.

A number of other equities research analysts have also recently weighed in on the stock. Credit Suisse Group upped their price objective on shares of Automatic Data Processing from $185.00 to $190.00 and gave the stock an "outperform" rating in a report on Monday, November 9th. Cowen downgraded Automatic Data Processing from an "outperform" rating to a "market perform" rating and cut their price target for the company from $150.00 to $143.00 in a research note on Monday, September 21st. Zacks Investment Research upgraded Automatic Data Processing from a "sell" rating to a "hold" rating and set a $146.00 price target for the company in a research note on Wednesday, September 30th. Wells Fargo & Company started coverage on Automatic Data Processing in a report on Friday, December 18th. They set an "overweight" rating and a $200.00 price objective on the stock. Finally, Jefferies Financial Group upped their price objective on Automatic Data Processing from $135.00 to $168.00 and gave the stock a "hold" rating in a report on Wednesday, October 28th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Automatic Data Processing currently has a consensus rating of "Hold" and a consensus target price of $158.00. Read more …

 


The PNC Financial Services Group (NYSE:PNC) was downgraded by equities research analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research note issued on Wednesday, AnalystRatings.net reports. They presently have a $167.00 target price on the financial services provider’s stock, up from their prior target price of $162.00. Piper Sandler’s price target suggests a potential upside of 3.26% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. TheStreet raised The PNC Financial Services Group from a “c” rating to a “b-” rating in a research report on Wednesday, October 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded The PNC Financial Services Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $179.00 in a research note on Monday. Stephens lowered The PNC Financial Services Group from an “overweight” rating to an “equal weight” rating and set a $135.00 price target on the stock. in a research note on Monday, November 30th. Zacks Investment Research lowered The PNC Financial Services Group from a “hold” rating to a “sell” rating and set a $118.00 price target on the stock. in a research note on Monday, October 5th. Finally, UBS Group upgraded The PNC Financial Services Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $88.00 to $122.00 in a research note on Monday, November 23rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $142.06. Read more …

 

 


American Electric Power (NASDAQ:AEP) was downgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued on Thursday, The Fly reports.

Several other analysts have also commented on AEP. Mizuho started coverage on American Electric Power in a report on Monday, December 14th. They issued a “buy” rating and a $84.00 price objective on the stock. Wolfe Research reissued a “peer perform” rating on shares of American Electric Power in a report on Monday, November 16th. Royal Bank of Canada lifted their price target on American Electric Power from $94.00 to $98.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. Wells Fargo & Company lowered American Electric Power from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $101.00 to $88.00 in a research note on Wednesday, January 6th. Finally, Guggenheim raised American Electric Power from a “sell” rating to a “neutral” rating in a research note on Monday, November 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $95.87. Read more …

 


Duke Energy (NYSE:DUK) was downgraded by equities researchers at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports.

A number of other equities research analysts also recently issued reports on DUK. Scotiabank downgraded Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a research note on Thursday, October 1st. BMO Capital Markets assumed coverage on Duke Energy in a research note on Tuesday, November 24th. They set an “outperform” rating and a $99.00 price objective for the company. Credit Suisse Group boosted their price objective on Duke Energy from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Monday, November 9th. Morgan Stanley cut their price objective on Duke Energy from $101.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 15th. Finally, Barclays boosted their price objective on Duke Energy from $87.00 to $102.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $96.42. Read more …

 

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