Notable Analyst Upgrades and Downgrades for Week of March 8, 2021

 


Upgrades:

 


Bank of Montreal (BMO.TO) (TSE:BMO) (NYSE:BMO) was upgraded by equities researchers at National Bank Financial from a "sector perform" rating to an "outperform" rating in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a C$121.00 price objective on the bank's stock, up from their prior price objective of C$113.00. National Bank Financial's target price points to a potential upside of 11.18% from the company's current price.

A number of other brokerages have also recently issued reports on BMO. CSFB increased their price objective on Bank of Montreal (BMO.TO) from C$108.00 to C$113.00 in a report on Wednesday, March 3rd. CIBC upped their target price on Bank of Montreal (BMO.TO) from C$120.00 to C$122.00 in a research note on Tuesday, March 2nd. Scotiabank upped their target price on Bank of Montreal (BMO.TO) from C$111.00 to C$126.00 in a research note on Wednesday, February 24th. Royal Bank of Canada upped their target price on Bank of Montreal (BMO.TO) from C$110.00 to C$125.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 24th. Finally, Cormark upped their target price on Bank of Montreal (BMO.TO) from C$104.00 to C$110.00 and gave the stock a "na" rating in a research note on Thursday, February 25th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Bank of Montreal (BMO.TO) currently has an average rating of "Buy" and a consensus price target of C$110.51. Read more …

 


V.F. (NYSE:VFC) was upgraded by investment analysts at Pivotal Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Briefing.com reports. The firm currently has a $94.00 price objective on the textile maker’s stock, up from their prior price objective of $86.00. Pivotal Research’s price target indicates a potential upside of 19.33% from the company’s previous close.

VFC has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on V.F. from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Piper Sandler upgraded V.F. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $73.00 to $106.00 in a report on Monday, January 4th. Cowen boosted their price target on V.F. from $91.00 to $99.00 and gave the stock an “outperform” rating in a report on Monday, January 25th. They noted that the move was a valuation call. Robert W. Baird boosted their price target on V.F. from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, November 10th. Finally, OTR Global upgraded V.F. to a “positive” rating in a report on Monday, January 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $88.65. Read more …

 


The Coca-Cola (NYSE:KO) was upgraded by equities research analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a research note issued on Monday, Briefing.com reports. The firm currently has a $60.00 price objective on the stock, up from their prior price objective of $55.00. Royal Bank of Canada's price target points to a potential upside of 18.13% from the stock's previous close.

A number of other brokerages also recently commented on KO. Morgan Stanley dropped their price objective on shares of The Coca-Cola from $59.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, January 14th. Sanford C. Bernstein started coverage on shares of The Coca-Cola in a research report on Tuesday, January 19th. They issued an "outperform" rating and a $58.00 price objective on the stock. Wells Fargo & Company started coverage on shares of The Coca-Cola in a research report on Monday, December 7th. They issued an "overweight" rating and a $62.00 price objective on the stock. Guggenheim downgraded shares of The Coca-Cola from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 5th. Finally, JPMorgan Chase & Co. cut shares of The Coca-Cola from an "overweight" rating to a "neutral" rating and set a $55.00 target price for the company. in a report on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of "Buy" and a consensus target price of $54.06. Read more …

 

 


Eaton (NYSE:ETN) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday, Benzinga reports. The firm presently has a $155.00 target price on the industrial products company’s stock, up from their prior target price of $130.00. Morgan Stanley’s target price indicates a potential upside of 11.16% from the company’s current price.

A number of other equities research analysts have also weighed in on ETN. HSBC upgraded shares of Eaton from a “hold” rating to a “buy” rating and raised their price objective for the company from $103.00 to $140.00 in a report on Tuesday, February 16th. Jefferies Financial Group lifted their price target on shares of Eaton from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, January 15th. Berenberg Bank upgraded shares of Eaton from a “hold” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $160.00 in a research note on Monday. Oppenheimer lifted their price target on shares of Eaton from $133.00 to $145.00 in a research note on Tuesday, March 2nd. Finally, Bank of America upgraded shares of Eaton from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, November 11th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $125.17. Read more …

 


NextEra Energy (NYSE:NEE) was upgraded by stock analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Monday, Briefing.com reports. The brokerage presently has a $85.00 price objective on the utilities provider’s stock, down from their prior price objective of $87.00. Credit Suisse Group’s price target indicates a potential upside of 20.23% from the stock’s previous close.

Several other research firms have also recently issued reports on NEE. Wells Fargo & Company lifted their price objective on NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 27th. Morgan Stanley decreased their target price on shares of NextEra Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 25th. Piper Sandler began coverage on shares of NextEra Energy in a research note on Thursday, November 19th. They issued an “overweight” rating and a $81.00 target price on the stock. Bank of America reissued a “buy” rating and issued a $81.00 target price on shares of NextEra Energy in a research note on Friday, January 15th. Finally, Sanford C. Bernstein began coverage on shares of NextEra Energy in a research note on Wednesday, March 3rd. They issued an “outperform” rating and a $88.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $77.37. Read more …

 


Target (NYSE:TGT) was upgraded by research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, Briefing.com reports. The brokerage presently has a $200.00 price objective on the retailer’s stock. Guggenheim’s price objective would indicate a potential upside of 15.87% from the stock’s previous close.

Several other brokerages have also commented on TGT. Zacks Investment Research lowered Target from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Friday. Jefferies Financial Group reduced their target price on Target from $205.00 to $188.00 and set a “hold” rating for the company in a research note on Wednesday, March 3rd. DA Davidson reduced their target price on Target from $229.00 to $210.00 and set a “buy” rating for the company in a research note on Wednesday, March 3rd. Robert W. Baird reduced their target price on Target from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, March 3rd. Finally, Stifel Nicolaus reduced their price objective on Target from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, March 3rd. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Target currently has an average rating of “Buy” and an average target price of $175.41. Read more …

 

 


Microsoft (NASDAQ:MSFT) was upgraded by equities researchers at The Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a report issued on Monday, The Fly reports.

Other equities research analysts have also issued reports about the company. Fundamental Research increased their price target on Microsoft from $223.67 to $236.60 and gave the stock a “hold” rating in a research report on Wednesday, February 3rd. Credit Suisse Group upped their target price on shares of Microsoft from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. Mizuho boosted their target price on Microsoft from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, January 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Microsoft from a “neutral” rating to a “buy” rating and raised their price target for the company from $229.00 to $272.00 in a report on Monday, December 21st. Finally, Barclays boosted their price objective on Microsoft from $250.00 to $269.00 and gave the stock an “overweight” rating in a report on Wednesday, January 27th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $268.28. Read more …

 


Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Several other brokerages also recently commented on CNI. Raymond James raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $145.00 to $160.00 in a research report on Tuesday, January 26th. Wells Fargo & Company cut their price objective on shares of Canadian National Railway from $121.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 27th. CIBC cut their price objective on shares of Canadian National Railway from $153.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 27th. BMO Capital Markets cut their price objective on shares of Canadian National Railway from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 27th. Finally, Desjardins cut their price objective on shares of Canadian National Railway from $150.00 to $146.00 and set a “hold” rating on the stock in a research report on Thursday, January 28th. Sixteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $117.00. Read more …

 


D.R. Horton (NYSE:DHI) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Thursday, The Fly reports.

DHI has been the topic of a number of other reports. KeyCorp upped their price target on shares of D.R. Horton from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, January 27th. Raymond James upped their price target on shares of D.R. Horton from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, January 25th. BTIG Research upped their price target on shares of D.R. Horton from $98.00 to $108.00 and gave the stock a "buy" rating in a report on Wednesday, January 27th. Smith Barney Citigroup increased their target price on shares of D.R. Horton from $78.00 to $85.00 in a report on Thursday, November 12th. Finally, Credit Suisse Group increased their target price on shares of D.R. Horton from $88.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, January 27th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. D.R. Horton presently has an average rating of "Buy" and a consensus target price of $84.40. Read more …

 

 


Costco Wholesale (NASDAQ:COST) was upgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued on Thursday, Analyst Ratings Network reports. The brokerage presently has a $370.00 target price on the retailer’s stock, up from their prior target price of $340.00. Wells Fargo & Company‘s target price indicates a potential upside of 12.64% from the stock’s previous close.

Several other research firms have also recently issued reports on COST. Royal Bank of Canada decreased their price target on shares of Costco Wholesale from $435.00 to $399.00 and set an “outperform” rating on the stock in a research note on Friday, March 5th. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $385.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, December 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Costco Wholesale from $344.00 to $347.00 and gave the stock a “hold” rating in a report on Thursday, January 7th. Citigroup cut their price objective on shares of Costco Wholesale from $380.00 to $360.00 and set a “neutral” rating on the stock in a report on Friday, March 5th. Finally, Stifel Nicolaus cut their price objective on shares of Costco Wholesale from $395.00 to $370.00 and set a “buy” rating on the stock in a report on Friday, March 5th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $378.33. Read more …

 


Stanley Black & Decker (NYSE:SWK) was upgraded by investment analysts at Bank of America from an "underperform" rating to a "neutral" rating in a research report issued on Friday, The Fly reports.

A number of other brokerages have also issued reports on SWK. Barclays boosted their target price on Stanley Black & Decker from $184.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, November 30th. JPMorgan Chase & Co. downgraded Stanley Black & Decker from an "overweight" rating to a "neutral" rating and set a $184.00 price objective on the stock. in a report on Thursday, December 3rd. Credit Suisse Group lifted their target price on Stanley Black & Decker from $177.00 to $188.00 and gave the company a "neutral" rating in a research report on Friday, January 29th. Morgan Stanley reduced their price target on shares of Stanley Black & Decker from $220.00 to $217.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 12th. Finally, Citigroup lifted their price objective on shares of Stanley Black & Decker from $203.00 to $215.00 in a report on Friday, January 29th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of "Buy" and an average price target of $185.36. Read more …

 

 

Downgrades:

 


Kinder Morgan (NYSE:KMI) was downgraded by investment analysts at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a research report issued on Tuesday, The Fly reports.

KMI has been the topic of several other research reports. TheStreet upgraded shares of Kinder Morgan from a "c" rating to a "b-" rating in a research note on Wednesday, January 20th. Zacks Investment Research lowered shares of Kinder Morgan from a "hold" rating to a "sell" rating and set a $16.00 price objective on the stock. in a research note on Monday, January 25th. Raymond James lowered shares of Kinder Morgan from an "outperform" rating to a "market perform" rating in a research note on Monday, January 11th. Wolfe Research lowered shares of Kinder Morgan from a "peer perform" rating to an "underperform" rating and upped their price objective for the company from $13.00 to $14.00 in a research note on Monday, November 23rd. Finally, Credit Suisse Group lowered shares of Kinder Morgan from an "outperform" rating to a "neutral" rating and set a $16.00 price objective on the stock. in a research note on Thursday, December 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and a consensus target price of $16.53. Read more …

 

 


PPL (NYSE:PPL) was downgraded by equities researchers at Wolfe Research from an “outperform” rating to a “peer perform” rating in a note issued to investors on Tuesday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company cut their price objective on PPL from $42.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, November 16th. Morgan Stanley lowered their target price on PPL from $34.00 to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 15th. Stifel Nicolaus lowered PPL to a “market perform” rating and lowered their target price for the stock from $36.00 to $34.00 in a research report on Tuesday, December 15th. National Bank Financial lowered PPL to a “sector perform” rating in a research report on Monday, November 9th. Finally, Bank of America lowered PPL from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Monday, November 30th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. PPL presently has an average rating of “Hold” and a consensus target price of $34.54. Read more …

 


Chevron (NYSE:CVX) was downgraded by investment analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday, Price Targets.com reports. They presently have a $115.00 target price on the oil and gas company’s stock. Scotiabank’s price target suggests a potential upside of 5.02% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Chevron from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Monday, February 1st. Tudor Pickering lowered shares of Chevron from a “buy” rating to a “hold” rating in a research note on Monday, December 7th. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and lifted their price objective for the company from $103.00 to $105.00 in a research note on Thursday, January 14th. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating and set a $102.00 price target on the stock in a research note on Friday, January 29th. Finally, Piper Sandler upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $108.00 to $113.00 in a research note on Friday, January 8th. Ten research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $105.96. Read more …

 


Novartis (NYSE:NVS) was downgraded by equities researchers at Argus from a "buy" rating to a "hold" rating in a report released on Wednesday, The Fly reports.

A number of other research analysts also recently issued reports on the company. Cowen downgraded Novartis from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $110.00 to $105.00 in a research note on Monday, February 1st. Barclays restated an "underweight" rating on shares of Novartis in a research note on Friday, January 22nd. Morgan Stanley restated an "overweight" rating on shares of Novartis in a research note on Tuesday, February 2nd. UBS Group reiterated a "buy" rating on shares of Novartis in a research note on Wednesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Novartis in a research note on Friday, January 15th. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. Novartis currently has an average rating of "Hold" and a consensus price target of $111.00. Read more …

 

 


Magellan Midstream Partners (NYSE:MMP) was downgraded by equities research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Magellan Midstream Partners from a “sell” rating to a “hold” rating and set a $46.00 price target for the company in a research report on Tuesday, March 2nd. Truist downgraded shares of Magellan Midstream Partners from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research report on Tuesday, February 16th. Wolfe Research downgraded shares of Magellan Midstream Partners from a “market perform” rating to an “underperform” rating in a research report on Monday, February 1st. TD Securities cut their price objective on Magellan Midstream Partners from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, February 3rd. Finally, Wells Fargo & Company downgraded Magellan Midstream Partners from an “overweight” rating to an “equal weight” rating and set a $48.00 price objective for the company. in a research report on Monday, November 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.85. Read more …

 

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