Notable Analyst Upgrades and Downgrades for Week of February 1, 2021

 


Upgrades:

 


Colgate-Palmolive (NYSE:CL) was upgraded by equities research analysts at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a report released on Monday, Briefing.com reports. The firm currently has a $80.00 price target on the stock, up from their previous price target of $70.00. Credit Suisse Group’s price target suggests a potential upside of 2.56% from the stock’s current price.

Other equities analysts have also issued reports about the stock. UBS Group lifted their price target on shares of Colgate-Palmolive from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Stifel Nicolaus lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a report on Thursday. Royal Bank of Canada lowered shares of Colgate-Palmolive from an “outperform” rating to a “sector perform” rating and set a $90.00 price target on the stock. in a report on Monday, January 4th. Truist lifted their price target on shares of Colgate-Palmolive from $80.00 to $85.00 in a report on Monday, October 26th. Finally, Morgan Stanley boosted their price objective on shares of Colgate-Palmolive from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.58. Read more …

 


Nucor (NYSE:NUE) was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Wednesday, Briefing.com reports. The firm currently has a $63.00 price target on the basic materials company’s stock, up from their previous price target of $48.00. Credit Suisse Group’s target price suggests a potential upside of 24.83% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. TheStreet upgraded Nucor from a “c” rating to a “b-” rating in a research note on Thursday, October 22nd. BMO Capital Markets lifted their target price on shares of Nucor from $50.00 to $54.00 and gave the stock a “market perform” rating in a research report on Friday, October 23rd. Exane BNP Paribas downgraded Nucor from an “outperform” rating to a “neutral” rating and set a $48.00 price target on the stock. in a report on Thursday, October 15th. Morgan Stanley started coverage on shares of Nucor in a report on Wednesday, December 9th. They set an “equal weight” rating and a $60.00 price target for the company. Finally, BNP Paribas downgraded Nucor from an “outperform” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a report on Thursday, October 15th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $49.90. Read more …

 


Comcast (NASDAQ:CMCSA) was upgraded by equities researchers at Cowen from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, Briefing.com reports. The firm presently has a $60.00 target price on the cable giant’s stock, up from their previous target price of $56.00. Cowen’s price objective would suggest a potential upside of 17.23% from the company’s current price.

CMCSA has been the topic of several other reports. Smith Barney Citigroup increased their target price on shares of Comcast from $52.00 to $54.00 in a report on Tuesday, November 10th. Barclays boosted their target price on Comcast from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday. Macquarie raised their price target on Comcast from $53.00 to $58.00 in a research report on Thursday, January 14th. TD Securities boosted their target price on Comcast from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Monday. Finally, Pivotal Research increased their price objective on shares of Comcast from $60.00 to $63.00 in a research note on Thursday, January 28th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Comcast has an average rating of “Buy” and a consensus price target of $53.29. Read more …

 

 


3M (NYSE:MMM) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

A number of other analysts have also commented on the stock. TheStreet raised shares of 3M from a “c+” rating to a “b” rating in a report on Tuesday, October 27th. Credit Suisse Group decreased their price target on shares of 3M from $208.00 to $197.00 and set an “outperform” rating for the company in a report on Wednesday, January 27th. Gordon Haskett raised shares of 3M from an “underperform” rating to a “hold” rating and set a $170.00 price target for the company in a report on Wednesday, October 7th. Royal Bank of Canada reissued a “hold” rating on shares of 3M in a report on Sunday, January 24th. Finally, Bank of America lowered shares of 3M from a “neutral” rating to an “underperform” rating and set a $170.00 price target for the company. in a report on Thursday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. 3M presently has an average rating of “Hold” and a consensus target price of $178.58. Read more …

 


Best Buy (NYSE:BBY) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Thursday, The Fly reports.

Several other equities research analysts also recently commented on the stock. Wedbush upgraded shares of Best Buy from an “outperform” rating to a “buy” rating and boosted their target price for the company from $130.00 to $135.00 in a research note on Wednesday, November 25th. Loop Capital raised Best Buy to a “buy” rating in a report on Wednesday, November 25th. The Goldman Sachs Group cut Best Buy from a “neutral” rating to a “sell” rating and cut their price target for the company from $107.00 to $97.00 in a report on Thursday, December 10th. Zacks Investment Research cut Best Buy from a “buy” rating to a “hold” rating and set a $115.00 price target for the company. in a report on Monday. Finally, Piper Sandler raised Best Buy to a “buy” rating in a report on Wednesday, November 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $110.60. Read more …

 


Starbucks (NASDAQ:SBUX) was upgraded by investment analysts at Gordon Haskett from a "hold" rating to a "buy" rating in a note issued to investors on Friday, Briefing.com reports. The firm currently has a $120.00 target price on the coffee company's stock, up from their prior target price of $100.00. Gordon Haskett's price objective suggests a potential upside of 15.79% from the stock's current price.

A number of other brokerages also recently issued reports on SBUX. Royal Bank of Canada boosted their price objective on Starbucks from $109.00 to $115.00 and gave the company an "outperform" rating in a research note on Thursday, December 10th. Wells Fargo & Company boosted their price objective on Starbucks from $116.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, January 27th. Barclays boosted their price objective on Starbucks from $122.00 to $125.00 in a research note on Wednesday, January 27th. Oppenheimer boosted their price objective on Starbucks from $112.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, December 10th. Finally, Citigroup upped their price target on Starbucks from $111.00 to $119.00 and gave the stock a "buy" rating in a research note on Wednesday, January 27th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of "Buy" and a consensus target price of $101.56. Read more …

 

 


International Paper (NYSE:IP) was upgraded by equities researchers at Seaport Global Securities from a "neutral" rating to a "buy" rating in a note issued to investors on Friday, Analyst Price Targets reports. The brokerage presently has a $57.00 price objective on the basic materials company's stock. Seaport Global Securities' price target would indicate a potential upside of 21.93% from the stock's current price.

A number of other equities analysts have also commented on IP. Jefferies Financial Group initiated coverage on shares of International Paper in a report on Tuesday, January 5th. They issued a "buy" rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of International Paper from a "neutral" rating to a "buy" rating in a report on Monday, November 16th. UBS Group began coverage on shares of International Paper in a report on Tuesday, January 12th. They issued a "sell" rating and a $40.00 price target on the stock. Smith Barney Citigroup raised shares of International Paper from a "neutral" rating to a "buy" rating in a research note on Monday, November 16th. Finally, Morgan Stanley upped their price objective on shares of International Paper from $37.00 to $44.00 and gave the company an "underweight" rating in a research note on Tuesday, January 12th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of "Hold" and an average target price of $47.91. Read more …

 

 

Downgrades:

 


Williams-Sonoma (NYSE:WSM) was downgraded by research analysts at UBS Group from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, Briefing.com reports. They presently have a $110.00 price objective on the specialty retailer’s stock. UBS Group’s price objective suggests a potential downside of 14.68% from the company’s previous close.

Several other equities research analysts also recently weighed in on WSM. Oppenheimer initiated coverage on Williams-Sonoma in a report on Friday, November 20th. They issued a “buy” rating and a $115.00 price objective for the company. Zacks Investment Research downgraded Williams-Sonoma from a “strong-buy” rating to a “hold” rating and set a $133.00 price target for the company. in a report on Friday, January 22nd. Morgan Stanley raised Williams-Sonoma from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 20th. Gordon Haskett downgraded Williams-Sonoma from a “buy” rating to a “neutral” rating and set a $145.00 price target for the company. in a report on Thursday. Finally, Loop Capital increased their price target on Williams-Sonoma from $100.00 to $110.00 in a report on Friday, November 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Williams-Sonoma has an average rating of “Hold” and a consensus price target of $100.94. Read more …

 


Novartis (NYSE:NVS) was downgraded by analysts at Cowen from an “outperform” rating to a “market perform” rating in a research report issued on Monday, The Fly reports.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on Novartis in a research report on Friday, January 15th. They issued a “buy” rating for the company. Barclays reiterated an “underweight” rating on shares of Novartis in a research report on Friday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of Novartis in a research note on Friday, January 8th. UBS Group reaffirmed a “buy” rating on shares of Novartis in a research note on Wednesday, November 25th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Novartis in a research note on Tuesday, November 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Novartis has a consensus rating of “Hold” and a consensus price target of $114.00. Read more …

 

 


Intel (NASDAQ:INTC) was downgraded by research analysts at Northland Securities from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Monday, Analyst Price Targets reports. They presently have a $46.00 target price on the chip maker’s stock, down from their prior target price of $57.00. Northland Securities’ price objective would suggest a potential downside of 17.74% from the company’s current price.

A number of other equities analysts have also recently issued reports on INTC. Smith Barney Citigroup lowered their target price on Intel from $53.00 to $50.00 in a report on Friday, October 23rd. UBS Group set a $71.00 price target on Intel and gave the company a “buy” rating in a research report on Tuesday, January 19th. Sanford C. Bernstein reissued a “sell” rating and set a $43.00 price objective on shares of Intel in a report on Friday, January 22nd. Atlantic Securities raised Intel from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $36.00 to $55.00 in a report on Thursday, January 14th. Finally, The Goldman Sachs Group lifted their price objective on Intel from $38.00 to $42.00 and gave the company a “sell” rating in a research note on Monday, December 14th. Eleven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Intel currently has a consensus rating of “Hold” and a consensus price target of $61.64. Read more …

 


Canadian Utilities Limited (CU.TO) (TSE:CU) was downgraded by equities research analysts at CSFB from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, BayStreet.CA reports. They currently have a C$36.00 price target on the stock, up from their prior price target of C$35.00. CSFB’s target price indicates a potential upside of 13.64% from the stock’s current price.

CU has been the topic of a number of other research reports. BMO Capital Markets cut their target price on shares of Canadian Utilities Limited (CU.TO) from C$36.00 to C$35.00 in a research note on Friday, October 30th. National Bank Financial cut their target price on shares of Canadian Utilities Limited (CU.TO) from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Sunday, November 8th. CIBC cut their target price on shares of Canadian Utilities Limited (CU.TO) from C$37.00 to C$36.00 and set a “buy” rating on the stock in a research note on Wednesday, January 13th. TD Securities cut their target price on shares of Canadian Utilities Limited (CU.TO) from C$40.00 to C$38.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Finally, Credit Suisse Group dropped their price objective on shares of Canadian Utilities Limited (CU.TO) to C$35.00 and set an “outperform” rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$35.88. Read more …

 


ViacomCBS (NASDAQ:VIAC) was downgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, The Fly reports. The analysts noted that the move was a valuation call.

Several other brokerages have also commented on VIAC. KeyCorp initiated coverage on ViacomCBS in a research report on Tuesday, December 8th. They set an “underweight” rating and a $30.00 price objective on the stock. Bank of America lowered ViacomCBS from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $30.00 to $32.00 in a research report on Friday, December 18th. Moffett Nathanson increased their price objective on ViacomCBS from $26.00 to $50.00 in a research report on Friday, January 15th. Rosenblatt Securities raised their price target on ViacomCBS from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, November 16th. Finally, Needham & Company LLC lifted their price objective on ViacomCBS from $36.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, January 21st. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. ViacomCBS has an average rating of “Hold” and a consensus price target of $37.35. Read more …

 

 


QUALCOMM (NASDAQ:QCOM) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Thursday, Briefing.com reports.

Other equities analysts have also recently issued reports about the stock. Raymond James lifted their price target on shares of QUALCOMM from $150.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 19th. Piper Sandler boosted their price objective on shares of QUALCOMM from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, December 4th. Cowen boosted their price objective on shares of QUALCOMM from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, December 9th. Mizuho boosted their price objective on shares of QUALCOMM from $154.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, December 28th. Finally, Cascend Securities boosted their price objective on shares of QUALCOMM from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. QUALCOMM has a consensus rating of “Buy” and a consensus price target of $152.15. Read more …

 


ABB (NYSE:ABB) was downgraded by equities research analysts at Nordea Equity Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, The Fly reports.

ABB has been the topic of a number of other research reports. Credit Suisse Group assumed coverage on ABB in a research report on Friday, December 18th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of ABB in a research report on Tuesday, January 12th. Barclays downgraded ABB from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 15th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of ABB in a research report on Tuesday, January 12th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of ABB in a research report on Monday, October 26th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.00. Read more …

 


Air Products and Chemicals (NYSE:APD) was downgraded by equities researchers at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Briefing.com reports. They presently have a $277.00 price target on the basic materials company’s stock. Citigroup’s price target would indicate a potential upside of 7.91% from the company’s previous close.

A number of other brokerages have also recently issued reports on APD. Wells Fargo & Company reduced their price objective on shares of Air Products and Chemicals from $340.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, November 12th. BMO Capital Markets lowered their price objective on shares of Air Products and Chemicals from $364.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, November 12th. Zacks Investment Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $297.00 price objective on the stock in a research report on Wednesday, January 13th. Morgan Stanley lowered their price objective on shares of Air Products and Chemicals from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, November 16th. Finally, JPMorgan Chase & Co. lowered shares of Air Products and Chemicals from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $310.00 to $280.00 in a research report on Thursday, November 12th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $295.27. Read more …

 

Comments

  1. Great content. Ark Invest recently bought NVS. Its a good time to add NVS.

    ReplyDelete

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