Notable Analyst Upgrades and Downgrades for Week of March 29, 2021

 


Upgrades:

 


Franklin Resources (NYSE:BEN) was upgraded by research analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday, Briefing.com reports. The brokerage currently has a $36.00 target price on the closed-end fund's stock, up from their prior target price of $22.00. BMO Capital Markets' target price would suggest a potential upside of 22.45% from the stock's current price.

BEN has been the topic of a number of other research reports. Morgan Stanley raised their target price on shares of Franklin Resources from $21.00 to $22.00 and gave the stock an "underweight" rating in a research note on Thursday, February 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Franklin Resources from $21.00 to $25.00 and gave the company a "hold" rating in a research note on Friday, December 18th. Barclays increased their price target on Franklin Resources from $21.00 to $24.00 and gave the stock an "underweight" rating in a research note on Monday, January 25th. The Goldman Sachs Group downgraded Franklin Resources from a "neutral" rating to a "sell" rating and set a $24.00 price objective on the stock. in a research report on Tuesday, January 5th. Finally, TheStreet upgraded Franklin Resources from a "c+" rating to a "b" rating in a research report on Tuesday, February 2nd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Franklin Resources has an average rating of "Hold" and a consensus price target of $23.77. Read more …

 


ViacomCBS (NASDAQ:VIAC) was upgraded by stock analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report issued on Monday, The Fly reports.

Several other analysts have also commented on VIAC. Rosenblatt Securities boosted their price target on ViacomCBS from $30.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, March 11th. Zacks Investment Research upgraded ViacomCBS from a “sell” rating to a “hold” rating and set a $68.00 price objective on the stock in a research report on Monday, March 1st. Macquarie cut shares of ViacomCBS from a “neutral” rating to an “underperform” rating in a research report on Wednesday, March 17th. Barclays lowered shares of ViacomCBS from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $36.00 to $35.00 in a report on Tuesday, January 19th. Finally, Citigroup cut shares of ViacomCBS from a “buy” rating to a “neutral” rating and upped their target price for the company from $42.00 to $49.00 in a research report on Monday, February 1st. Nine investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. ViacomCBS has a consensus rating of “Hold” and a consensus price target of $46.48. Read more …

 


Johnson Controls International (NYSE:JCI) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, Briefing.com reports. The firm presently has a $73.00 price objective on the stock, up from their prior price objective of $52.00. Morgan Stanley’s target price indicates a potential upside of 21.69% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Monday, December 14th. Deutsche Bank Aktiengesellschaft lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Monday, December 14th. HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research note on Monday, January 11th. Atlantic Securities upgraded shares of Johnson Controls International from a “neutral” rating to an “overweight” rating and set a $56.00 price objective for the company in a research note on Wednesday, December 9th. Finally, Barclays increased their price objective on shares of Johnson Controls International from $42.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, February 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $47.15. Read more …

 

 


Ecolab (NYSE:ECL) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

Other research analysts also recently issued reports about the company. Gabelli raised Ecolab from a “hold” rating to a “buy” rating in a report on Friday, January 15th. Zacks Investment Research downgraded Ecolab from a “buy” rating to a “hold” rating and set a $221.00 price target for the company. in a report on Wednesday, February 17th. G.Research raised Ecolab from a “hold” rating to a “buy” rating in a report on Friday, January 15th. Credit Suisse Group restated a “neutral” rating and issued a $210.00 price objective on shares of Ecolab in a research report on Monday, March 22nd. Finally, Barclays boosted their price objective on Ecolab from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, December 8th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $210.69. Read more …

 


Gilead Sciences (NASDAQ:GILD) was upgraded by investment analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other brokerages have also recently issued reports on GILD. Truist Financial reduced their price objective on Gilead Sciences from $67.00 to $625.00 in a report on Friday, December 18th. TheStreet raised Gilead Sciences from a “c” rating to a “b-” rating in a report on Tuesday. Credit Suisse Group boosted their price target on Gilead Sciences from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, February 5th. BMO Capital Markets cut their price target on Gilead Sciences from $64.00 to $62.00 and set a “market perform” rating for the company in a report on Wednesday, December 16th. Finally, Piper Sandler cut their price target on Gilead Sciences from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, December 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $96.65. Read more …

 


McKesson (NYSE:MCK) was upgraded by Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a $230.00 target price on the stock. Argus’ price target indicates a potential upside of 17.35% from the stock’s current price.

Several other research firms have also commented on MCK. Cowen boosted their price objective on McKesson from $210.00 to $224.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 2nd. Mizuho boosted their price objective on McKesson from $178.00 to $190.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 3rd. Credit Suisse Group upped their price target on McKesson from $178.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, February 3rd. Deutsche Bank Aktiengesellschaft upped their price target on McKesson from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Finally, TheStreet lowered McKesson from a “b” rating to a “d” rating in a research report on Tuesday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $193.31. Read more …

 

 


Welltower (NYSE:WELL) was upgraded by equities research analysts at Bank of America from a "neutral" rating to a "buy" rating in a research report issued on Tuesday, The Fly reports.

WELL has been the subject of a number of other research reports. KeyCorp upgraded Welltower from a "sector weight" rating to an "overweight" rating and set a $70.00 price objective for the company in a research note on Monday, December 14th. Mizuho lifted their price target on Welltower from $57.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, February 9th. Scotiabank lowered Welltower from a "sector perform" rating to a "sector underperform" rating and cut their price target for the company from $59.00 to $57.00 in a research note on Thursday, December 3rd. JPMorgan Chase & Co. upgraded Welltower from a "neutral" rating to an "overweight" rating and set a $71.00 price target for the company in a research note on Monday, December 21st. Finally, Berenberg Bank lowered Welltower from a "buy" rating to a "hold" rating in a research note on Wednesday, December 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and an average price target of $60.98. Read more …

 


Canadian Pacific Railway (NYSE:CP) (TSE:CP) was upgraded by stock analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday, FinViz reports.

Several other research analysts also recently commented on CP. Vertical Research initiated coverage on shares of Canadian Pacific Railway in a research note on Friday, March 26th. They issued a “buy” rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Canadian Pacific Railway from $355.00 to $430.00 in a report on Monday, January 11th. Royal Bank of Canada boosted their target price on shares of Canadian Pacific Railway from $509.00 to $587.00 and gave the company an “outperform” rating in a report on Monday, March 22nd. Credit Suisse Group dropped their price target on shares of Canadian Pacific Railway from $411.00 to $393.00 and set an “outperform” rating on the stock in a research note on Thursday, January 28th. Finally, Argus upped their price target on shares of Canadian Pacific Railway from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $421.86. Read more …

 


Apple (NASDAQ:AAPL) was upgraded by equities researchers at UBS Group from a "neutral" rating to a "buy" rating in a research note issued on Wednesday, Briefing.com reports. The brokerage currently has a $142.00 target price on the iPhone maker's stock, up from their prior target price of $115.00. UBS Group's target price would suggest a potential upside of 18.43% from the company's previous close.

AAPL has been the topic of several other research reports. Monness Crespi & Hardt lifted their price target on Apple from $144.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, January 28th. Cascend Securities lifted their target price on shares of Apple from $140.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, January 26th. Barclays reissued a "neutral" rating and set a $136.00 price objective (up from $116.00) on shares of Apple in a research report on Thursday, January 28th. Evercore ISI upped their target price on shares of Apple from $163.00 to $175.00 and gave the company an "outperform" rating in a report on Monday, March 22nd. Finally, Wells Fargo & Company increased their target price on shares of Apple from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, January 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-eight have issued a buy rating to the company. The company currently has an average rating of "Buy" and a consensus price target of $134.83. Read more …

 

 


S&P Global (NYSE:SPGI) was upgraded by Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a $402.00 price objective on the business services provider’s stock. Raymond James’ price target would suggest a potential upside of 11.32% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus raised S&P Global from a “hold” rating to a “buy” rating in a research report on Friday, December 4th. UBS Group raised their price objective on S&P Global from $420.00 to $435.00 and gave the company a “buy” rating in a research report on Wednesday, February 10th. Wells Fargo & Company raised their price objective on S&P Global from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, February 10th. Finally, Morgan Stanley reissued an “overweight” rating and set a $407.00 price objective on shares of S&P Global in a research report on Wednesday, March 24th. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $394.00. Read more …

 

 

Downgrades:

 


Ares Management (NYSE:ARES) was downgraded by equities research analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a report released on Monday, Briefing.com reports. They presently have a $59.00 price objective on the asset manager's stock, down from their previous price objective of $60.00. BMO Capital Markets' price target indicates a potential upside of 9.46% from the stock's current price.

A number of other brokerages also recently commented on ARES. Credit Suisse Group reissued a "neutral" rating and issued a $54.00 price objective on shares of Ares Management in a research report on Tuesday, March 2nd. Zacks Investment Research cut Ares Management from a "buy" rating to a "hold" rating in a report on Tuesday, January 12th. Barclays upped their price objective on Ares Management from $56.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 12th. Finally, The Goldman Sachs Group downgraded Ares Management from a "conviction-buy" rating to a "buy" rating in a research note on Tuesday, January 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of "Buy" and a consensus target price of $50.75. Read more …

 


T. Rowe Price Group (NASDAQ:TROW) was downgraded by equities researchers at Credit Suisse Group from an "outperform" rating to a "neutral" rating in a report released on Tuesday, Briefing.com reports. They presently have a $181.00 price objective on the asset manager's stock, up from their previous price objective of $179.00. Credit Suisse Group's price objective points to a potential upside of 2.28% from the company's previous close.

TROW has been the topic of several other research reports. The Goldman Sachs Group raised T. Rowe Price Group from a "sell" rating to a "neutral" rating and upped their price objective for the company from $134.00 to $170.00 in a research report on Tuesday, January 5th. Barclays lifted their price objective on shares of T. Rowe Price Group from $145.00 to $150.00 and gave the company an "underweight" rating in a report on Monday, January 25th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a "hold" rating to a "buy" rating and set a $158.00 target price on the stock in a research note on Friday, December 4th. Wells Fargo & Company lifted their price target on shares of T. Rowe Price Group from $170.00 to $200.00 in a research note on Thursday, January 14th. Finally, Morgan Stanley increased their price objective on T. Rowe Price Group from $167.00 to $169.00 and gave the stock an "equal weight" rating in a research note on Friday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of "Hold" and an average price target of $151.50. Read more …

 

 


Phillips 66 (NYSE:PSX) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating in a research note issued to investors on Thursday, Price Targets.com reports. They currently have a $85.00 target price on the oil and gas company's stock, up from their previous target price of $80.00. Piper Sandler's target price indicates a potential upside of 4.24% from the company's current price. The analysts noted that the move was a valuation call.

A number of other research firms have also commented on PSX. Tudor Pickering lowered shares of Phillips 66 from a "buy" rating to a "hold" rating in a research report on Thursday, January 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of Phillips 66 from $81.00 to $99.00 and gave the stock a "buy" rating in a research report on Tuesday, March 23rd. Citigroup upped their target price on shares of Phillips 66 from $81.00 to $99.00 in a research report on Wednesday, March 17th. Morgan Stanley upped their target price on shares of Phillips 66 from $82.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 17th. Finally, Cowen cut their target price on shares of Phillips 66 from $83.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, February 1st. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of "Buy" and an average price target of $82.53. Read more …

 


The Goldman Sachs Group (NYSE:GS) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Thursday, Price Targets.com reports. They currently have a $340.00 target price on the investment management company’s stock, up from their prior target price of $320.00. UBS Group’s price target would suggest a potential upside of 4.03% from the stock’s current price.

Several other research firms have also weighed in on GS. Royal Bank of Canada raised their price objective on The Goldman Sachs Group from $225.00 to $319.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 20th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, February 24th. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $307.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, January 20th. Piper Sandler raised their price objective on The Goldman Sachs Group from $270.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, January 11th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $345.00 price objective (up from $325.00) on shares of The Goldman Sachs Group in a research note on Wednesday, January 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $312.00. Read more …

 

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