Notable Analyst Upgrades and Downgrades for Week of April 5, 2021

 


Upgrades:

 


The Charles Schwab (NYSE:SCHW) was upgraded by analysts at The Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a note issued to investors on Monday, The Fly reports.

Several other research analysts have also recently weighed in on SCHW. JPMorgan Chase & Co. assumed coverage on The Charles Schwab in a research report on Thursday, March 4th. They issued an “overweight” rating on the stock. Wolfe Research raised The Charles Schwab from an “underperform” rating to a “market perform” rating and set a $67.00 price objective on the stock in a research report on Monday, February 22nd. Zacks Investment Research cut The Charles Schwab from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a research report on Tuesday, March 9th. Wells Fargo & Company boosted their target price on The Charles Schwab from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 20th. Finally, Morgan Stanley boosted their target price on The Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, March 31st. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $57.14. Read more …

 


Freeport-McMoRan (NYSE:FCX) was upgraded by stock analysts at Raymond James from a "market perform" rating to an "outperform" rating in a research note issued to investors on Tuesday, Briefing.com reports. The firm presently has a $41.00 price target on the natural resource company's stock. Raymond James' price objective would suggest a potential upside of 15.95% from the company's current price.

Several other equities analysts also recently issued reports on the stock. B. Riley increased their price objective on shares of Freeport-McMoRan from $32.00 to $42.00 and gave the company a "buy" rating in a report on Tuesday, February 23rd. TheStreet upgraded Freeport-McMoRan from a "c" rating to a "b-" rating in a report on Tuesday, January 26th. Deutsche Bank Aktiengesellschaft increased their target price on Freeport-McMoRan from $20.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, January 13th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Freeport-McMoRan in a research note on Tuesday, March 30th. Finally, Johnson Rice initiated coverage on Freeport-McMoRan in a research note on Wednesday, December 16th. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Freeport-McMoRan presently has an average rating of "Buy" and an average price target of $24.38. Read more …

 


ViacomCBS (NASDAQ:VIAC) was upgraded by Wolfe Research from a "peer perform" rating to an "outperform" rating in a report released on Wednesday, Price Targets.com reports. The brokerage presently has a $70.00 target price on the stock, down from their previous target price of $80.00. Wolfe Research's target price points to a potential upside of 59.49% from the company's previous close.

VIAC has been the topic of several other reports. BMO Capital Markets upgraded shares of ViacomCBS from an "underperform" rating to a "market perform" rating and set a $70.00 price target on the stock in a research note on Monday, March 29th. Loop Capital raised shares of ViacomCBS from a "sell" rating to a "hold" rating and set a $48.00 target price for the company in a report on Monday, March 29th. Citigroup downgraded shares of ViacomCBS from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $42.00 to $49.00 in a report on Monday, February 1st. Morgan Stanley boosted their target price on shares of ViacomCBS from $35.00 to $55.00 and gave the company an "equal weight" rating in a research report on Thursday, February 25th. Finally, Needham & Company LLC boosted their target price on shares of ViacomCBS from $55.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, March 3rd. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. The company has a consensus rating of "Hold" and a consensus target price of $47.46. Read more …

 

 


Tractor Supply (NASDAQ:TSCO) was upgraded by equities research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, The Fly reports.

TSCO has been the topic of several other research reports. The Goldman Sachs Group boosted their target price on shares of Tractor Supply from $170.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Telsey Advisory Group boosted their target price on shares of Tractor Supply from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, January 29th. Royal Bank of Canada boosted their target price on shares of Tractor Supply from $168.00 to $175.00 in a report on Thursday, January 21st. Morgan Stanley boosted their target price on shares of Tractor Supply from $155.00 to $156.00 and gave the stock an “equal weight” rating in a report on Friday, January 29th. Finally, Raymond James upped their price target on shares of Tractor Supply from $170.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Friday, January 29th. Eighteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $148.54. Read more …

 


U.S. Bancorp (NYSE:USB) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage presently has a $60.00 price objective on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 5.62% from the company’s previous close.

A number of other research analysts have also recently issued reports on USB. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 price target on shares of U.S. Bancorp in a report on Thursday, March 25th. Morgan Stanley lifted their price target on U.S. Bancorp from $57.00 to $58.00 and gave the company an “equal weight” rating in a report on Monday, March 8th. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research report on Thursday, December 17th. Royal Bank of Canada lifted their price objective on U.S. Bancorp from $42.00 to $52.00 in a research report on Thursday, December 10th. Finally, Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $55.00 in a research report on Friday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. U.S. Bancorp currently has an average rating of “Buy” and an average target price of $53.28. Read more …

 

 


Honeywell International (NYSE:HON) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.

HON has been the subject of a number of other research reports. Barclays lifted their price target on shares of Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday. Credit Suisse Group upped their target price on shares of Honeywell International from $222.00 to $224.00 and gave the company an “outperform” rating in a research note on Thursday, April 1st. Argus lifted their price target on Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, February 1st. Morgan Stanley upped their price objective on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, March 29th. Finally, Royal Bank of Canada lifted their target price on Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a research report on Monday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $203.87. Read more …

 

 


Philip Morris International (NYSE:PM) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Friday, The Fly reports. The brokerage presently has a $105.00 price objective on the stock, up from their prior price objective of $81.00. JPMorgan Chase & Co.'s price target would suggest a potential upside of 17.40% from the stock's previous close.

PM has been the subject of several other research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of Philip Morris International from $100.00 to $105.00 in a research report on Friday, January 8th. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $90.00 to $100.00 in a research report on Friday, February 5th. Zacks Investment Research raised shares of Philip Morris International from a "hold" rating to a "buy" rating and set a $87.00 price objective for the company in a research report on Tuesday, January 12th. Sanford C. Bernstein began coverage on shares of Philip Morris International in a research report on Tuesday, January 19th. They set a "market perform" rating and a $92.00 price objective for the company. Finally, Edward Jones cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Tuesday, December 15th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of "Buy" and a consensus target price of $98.25. Read more …

 

 

Downgrades:

 


Chevron (NYSE:CVX) was downgraded by stock analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Briefing.com reports. They currently have a $113.00 price objective on the oil and gas company’s stock, down from their prior price objective of $117.00. The Goldman Sachs Group’s price target indicates a potential upside of 8.12% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Credit Suisse Group increased their price objective on Chevron from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, March 15th. Morgan Stanley upped their target price on shares of Chevron from $113.00 to $127.00 and gave the company an “overweight” rating in a research note on Wednesday, March 17th. Mizuho started coverage on shares of Chevron in a research note on Tuesday, January 12th. They issued a “buy” rating and a $107.00 price target for the company. Cowen boosted their price objective on shares of Chevron from $111.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, March 10th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Chevron from $69.00 to $90.00 in a report on Wednesday, December 9th. Eleven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Chevron has an average rating of “Buy” and a consensus price target of $110.75. Read more …

 


Paychex (NASDAQ:PAYX) was downgraded by equities researchers at Wolfe Research from a “market perform” rating to an “underperform” rating in a note issued to investors on Wednesday, The Fly reports. They presently have a $94.00 price target on the business services provider’s stock. Wolfe Research’s price objective indicates a potential downside of 1.49% from the company’s current price.

Several other analysts have also recently commented on the company. Moffett Nathanson upped their target price on Paychex from $100.00 to $105.00 in a report on Monday, December 28th. Wells Fargo & Company started coverage on Paychex in a report on Friday, December 18th. They issued an “overweight” rating and a $105.00 target price on the stock. Bank of America upped their target price on Paychex from $70.00 to $81.00 in a report on Monday, December 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $95.00 target price (up from $85.00) on shares of Paychex in a report on Wednesday, December 23rd. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on Paychex from $93.00 to $105.00 in a report on Tuesday, January 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Paychex currently has a consensus rating of “Hold” and an average target price of $91.44. Read more …

 

 


W. P. Carey (NYSE:WPC) was downgraded by research analysts at Bank of America from a "buy" rating to an "underperform" rating in a research note issued on Wednesday, The Fly reports.

Separately, Zacks Investment Research downgraded W. P. Carey from a "hold" rating to a "sell" rating in a report on Thursday, March 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has an average rating of "Hold" and an average price target of $68.00.

W. P. Carey stock opened at $72.44 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.90. W. P. Carey has a 52 week low of $52.22 and a 52 week high of $76.12. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 36.59 and a beta of 0.72. The stock has a 50-day moving average price of $69.50 and a 200 day moving average price of $68.23. Read more …

 


Sonoco Products (NYSE:SON) was downgraded by stock analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a research report issued on Thursday, Briefing.com reports. They currently have a $69.00 target price on the industrial products company's stock. Wells Fargo & Company's price target would indicate a potential upside of 7.86% from the stock's current price.

Several other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Sonoco Products from $52.00 to $61.00 and gave the company a "hold" rating in a research note on Wednesday, January 20th. BMO Capital Markets downgraded shares of Sonoco Products from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $68.00 to $65.00 in a research report on Tuesday, January 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Sonoco Products has a consensus rating of "Hold" and an average target price of $59.20. Read more …

 


L3Harris Technologies (NYSE:LHX) 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, Briefing.com reports. They currently have a $208.00 price target on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 0.31% from the company’s current price.

Several other research firms have also recently weighed in on LHX. Citigroup decreased their price target on shares of L3Harris Technologies from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, February 1st. Cowen restated a “buy” rating and issued a $210.00 target price on shares of L3Harris Technologies in a research note on Friday, February 5th. JPMorgan Chase & Co. downgraded L3Harris Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $220.00 to $215.00 in a research report on Tuesday, December 15th. Susquehanna Bancshares started coverage on shares of L3Harris Technologies in a research report on Monday, December 14th. They issued a “positive” rating and a $230.00 price objective on the stock. Finally, Robert W. Baird lowered shares of L3Harris Technologies from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $242.00 to $210.00 in a research report on Thursday, January 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $225.80. Read more …

 

 


General Dynamics (NYSE:GD) was downgraded by analysts at Wolfe Research from an “outperform” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other equities analysts also recently weighed in on GD. TheStreet raised shares of General Dynamics from a “c+” rating to a “b-” rating in a research note on Thursday, December 17th. Cowen boosted their target price on shares of General Dynamics from $183.00 to $210.00 and gave the stock an “outperform” rating in a research note on Monday, March 29th. Citigroup boosted their target price on shares of General Dynamics from $160.00 to $200.00 in a research note on Thursday, March 25th. Barclays reaffirmed a “buy” rating on shares of General Dynamics in a research note on Friday, April 2nd. Finally, Susquehanna boosted their target price on shares of General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a research note on Friday, January 29th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $169.06. Read more …

 

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