April 16, 2021

Notable Analyst Upgrades and Downgrades for Week of April 12, 2021

 


Upgrades:

 


Exxon Mobil (NYSE:XOM) was upgraded by research analysts at Raymond James from an "underperform" rating to a "market perform" rating in a research note issued on Wednesday, Analyst Price Targets reports.

XOM has been the subject of a number of other reports. UBS Group reissued a "neutral" rating and set a $62.00 price objective (up from $48.00) on shares of Exxon Mobil in a research note on Monday, March 15th. Exane BNP Paribas raised shares of Exxon Mobil from an "underperform" rating to a "neutral" rating and set a $45.50 target price for the company in a research note on Monday, February 8th. The Goldman Sachs Group restated a "buy" rating and set a $65.00 target price on shares of Exxon Mobil in a research report on Tuesday, March 16th. Wells Fargo & Company raised their price objective on Exxon Mobil from $53.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, March 2nd. Finally, Evercore ISI initiated coverage on Exxon Mobil in a report on Tuesday, February 23rd. They issued an "inline" rating and a $48.00 price target for the company. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. Exxon Mobil has an average rating of "Hold" and a consensus target price of $53.26. Read more …

 


U.S. Bancorp (NYSE:USB) was upgraded by analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has a $62.00 price objective on the financial services provider’s stock, up from their prior price objective of $58.00. Bank of America‘s price target suggests a potential upside of 8.22% from the company’s current price.

Other analysts also recently issued research reports about the company. Barclays lifted their target price on U.S. Bancorp from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th. JPMorgan Chase & Co. raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research note on Thursday. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $53.00 to $55.00 in a report on Friday, January 22nd. Jefferies Financial Group lifted their target price on U.S. Bancorp from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Friday. Finally, Odeon Capital Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, March 24th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $54.28. Read more …

 


Magellan Midstream Partners (NYSE:MMP) was upgraded by research analysts at Wolfe Research from an "underperform" rating to a "peer perform" rating in a report issued on Wednesday, Analyst Ratings Network reports. The firm currently has a $45.00 price objective on the pipeline company's stock. Wolfe Research's price target points to a potential upside of 0.56% from the stock's current price.

MMP has been the topic of several other research reports. Morgan Stanley raised their price objective on shares of Magellan Midstream Partners from $55.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, March 29th. TheStreet lowered Magellan Midstream Partners from a "b-" rating to a "c+" rating in a research note on Friday, March 12th. Truist cut Magellan Midstream Partners from a "buy" rating to a "hold" rating and set a $44.00 price objective for the company. in a report on Tuesday, February 16th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $50.00 price objective on shares of Magellan Midstream Partners in a report on Thursday, March 18th. Finally, TD Securities cut their target price on Magellan Midstream Partners from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Wednesday, February 3rd. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Magellan Midstream Partners currently has a consensus rating of "Hold" and a consensus target price of $48.68. Read more …

 

 


Lowe’s Companies (NYSE:LOW) was upgraded by equities researchers at Atlantic Securities from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday, The Fly reports. The firm currently has a $240.00 price objective on the home improvement retailer’s stock. Atlantic Securities’ target price would indicate a potential upside of 20.17% from the company’s previous close.

LOW has been the topic of a number of other reports. Zelman & Associates raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, February 12th. Loop Capital upped their target price on Lowe’s Companies from $195.00 to $220.00 and gave the company a “buy” rating in a research report on Monday. Gordon Haskett upgraded Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price objective on the stock in a research report on Wednesday, March 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Lowe’s Companies in a report on Monday, March 15th. They set a “buy” rating and a $195.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on Lowe’s Companies from $203.00 to $206.00 in a report on Thursday, February 25th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $181.65. Read more …

 


Yum! Brands (NYSE:YUM) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a $135.00 price objective on the restaurant operator’s stock. Argus’ price target would indicate a potential upside of 14.94% from the company’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Yum! Brands from $106.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on Yum! Brands from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group initiated coverage on Yum! Brands in a research report on Tuesday, January 19th. They set a “sell” rating and a $103.00 price objective on the stock. Atlantic Securities initiated coverage on Yum! Brands in a research report on Tuesday. They set a “neutral” rating and a $118.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on Yum! Brands from $119.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $106.95. Read more …

 


Magna International (NYSE:MGA) (TSE:MG) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a $96.00 target price on the stock, up from their previous target price of $61.00. Morgan Stanley’s target price points to a potential upside of 2.52% from the company’s previous close.

MGA has been the topic of several other research reports. TD Securities boosted their price target on Magna International from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, February 22nd. Raymond James boosted their price target on Magna International from $61.50 to $85.00 and gave the company a “market perform” rating in a research note on Monday, February 22nd. Credit Suisse Group boosted their price objective on Magna International from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, March 1st. Wells Fargo & Company started coverage on Magna International in a report on Wednesday, March 31st. They issued an “equal weight” rating and a $96.00 price objective for the company. Finally, KeyCorp boosted their price objective on Magna International from $86.00 to $98.00 and gave the company an “overweight” rating in a report on Monday, March 1st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $77.19. Read more …

 

 


Anheuser-Busch InBev SA/NV (NYSE:BUD) was upgraded by stock analysts at Barclays from an "equal weight" rating to an "overweight" rating in a report issued on Thursday, Briefing.com reports.

A number of other analysts have also recently weighed in on BUD. HSBC reiterated a "hold" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, January 22nd. Berenberg Bank reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, January 15th. BNP Paribas raised Anheuser-Busch InBev SA/NV from an "underperform" rating to a "neutral" rating in a research note on Wednesday, January 13th. Exane BNP Paribas upgraded Anheuser-Busch InBev SA/NV from an "underperform" rating to a "neutral" rating in a research note on Wednesday, January 13th. Finally, Zacks Investment Research lowered shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong sell" rating and set a $55.00 price objective on the stock. in a research report on Tuesday, April 6th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of "Hold" and an average price target of $59.20. Read more …

 


The Hershey (NYSE:HSY) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Briefing.com reports. The firm presently has a $181.00 price target on the stock, up from their prior price target of $171.00. The Goldman Sachs Group’s price objective suggests a potential upside of 14.42% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Jefferies Financial Group raised their target price on shares of The Hershey from $157.00 to $162.00 and gave the company a “hold” rating in a research report on Tuesday, January 12th. Credit Suisse Group upped their price objective on shares of The Hershey from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, February 5th. Royal Bank of Canada raised The Hershey from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $157.00 to $170.00 in a research note on Monday, February 8th. Bank of America upgraded shares of The Hershey from a “neutral” rating to a “buy” rating and set a $168.00 target price on the stock in a research report on Wednesday, January 6th. Finally, Piper Sandler upgraded shares of The Hershey from a “neutral” rating to an “overweight” rating in a report on Tuesday, March 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $159.93. Read more …

 


United Parcel Service (NYSE:UPS) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report issued on Thursday, Briefing.com reports. The brokerage presently has a $180.00 price objective on the transportation company’s stock, up from their prior price objective of $155.00. Barclays‘s target price suggests a potential upside of 2.15% from the stock’s current price.

UPS has been the subject of a number of other research reports. Wells Fargo & Company upped their price target on United Parcel Service from $184.00 to $193.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 3rd. TheStreet cut United Parcel Service from an “a-” rating to a “c” rating in a research report on Tuesday, February 2nd. Morgan Stanley upped their price objective on United Parcel Service from $74.00 to $80.00 and gave the stock an “underweight” rating in a report on Wednesday, February 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $215.00 price target on shares of United Parcel Service in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of United Parcel Service from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, February 4th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $161.58. Read more …

 

 


NVIDIA (NASDAQ:NVDA) was upgraded by Raymond James from an "outperform" rating to a "strong-buy" rating in a note issued to investors on Thursday, The Fly reports. The firm currently has a $750.00 target price on the computer hardware maker's stock, up from their prior target price of $700.00. Raymond James' price objective indicates a potential upside of 22.73% from the stock's previous close.

Several other equities research analysts have also issued reports on NVDA. Piper Sandler increased their target price on shares of NVIDIA from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Wednesday, March 3rd. Oppenheimer increased their target price on shares of NVIDIA from $600.00 to $700.00 and gave the stock an "outperform" rating in a report on Thursday, February 25th. JPMorgan Chase & Co. upped their price target on NVIDIA from $605.00 to $660.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 3rd. Wells Fargo & Company upped their price target on NVIDIA from $625.00 to $715.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Credit Suisse Group upped their price target on NVIDIA from $620.00 to $700.00 and gave the stock an "outperform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. NVIDIA presently has an average rating of "Buy" and a consensus price target of $606.61. Read more …

 


Comcast (NASDAQ:CMCSA) was upgraded by Raymond James from a "market perform" rating to an "outperform" rating in a report released on Friday, Briefing.com reports. The brokerage currently has a $61.00 price target on the cable giant's stock. Raymond James' price objective points to a potential upside of 12.67% from the company's previous close.

A number of other equities analysts also recently weighed in on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on Comcast from $59.00 to $62.00 in a research report on Friday, April 9th. Cowen upgraded Comcast from a "market perform" rating to an "outperform" rating and increased their price target for the company from $56.00 to $60.00 in a research note on Wednesday, February 3rd. Wells Fargo & Company assumed coverage on shares of Comcast in a research report on Monday, March 22nd. They set an "underweight" rating and a $48.00 price objective for the company. Barclays increased their price objective on shares of Comcast from $53.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, February 1st. Finally, Benchmark lifted their target price on shares of Comcast from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, February 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Comcast presently has a consensus rating of "Buy" and an average price target of $57.68. Read more …

 


Simon Property Group (NYSE:SPG) was upgraded by stock analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a note issued to investors on Friday, The Fly reports. The firm presently has a $130.00 price target on the real estate investment trust's stock, up from their prior price target of $112.00. Jefferies Financial Group's target price points to a potential upside of 13.47% from the stock's current price. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Simon Property Group from $120.00 to $125.00 and gave the company a "market perform" rating in a research note on Thursday. Evercore ISI started coverage on shares of Simon Property Group in a research note on Wednesday, January 6th. They set an "inline" rating and a $89.00 price objective on the stock. Citigroup began coverage on shares of Simon Property Group in a research note on Tuesday, February 23rd. They set a "neutral" rating on the stock. Compass Point raised their target price on shares of Simon Property Group from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Simon Property Group from $104.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, February 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of "Hold" and an average price target of $102.12. Read more …

 

 


Cisco Systems (NASDAQ:CSCO) was upgraded by research analysts at Wolfe Research from a "market perform" rating to an "outperform" rating in a research note issued on Friday, Analyst Price Targets reports. The brokerage currently has a $63.00 price target on the network equipment provider's stock. Wolfe Research's price target indicates a potential upside of 22.00% from the stock's previous close.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. raised Cisco Systems from a "neutral" rating to an "overweight" rating and set a $55.00 target price on the stock in a research report on Thursday, March 11th. Raymond James lifted their price objective on Cisco Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, February 10th. Piper Sandler raised their price target on shares of Cisco Systems from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Wednesday, February 10th. The Goldman Sachs Group upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $50.00 to $59.00 in a research note on Wednesday, March 31st. Finally, Citigroup raised their target price on shares of Cisco Systems from $45.00 to $50.00 in a research note on Wednesday, February 10th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of "Hold" and an average price target of $50.52. Read more …

 

 

Downgrades:

 


AstraZeneca (NASDAQ:AZN) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a research note issued on Monday, The Fly reports.

Other analysts have also issued research reports about the stock. Berenberg Bank reissued a “buy” rating on shares of AstraZeneca in a research report on Tuesday, March 9th. Jefferies Financial Group raised shares of AstraZeneca from a “hold” rating to a “buy” rating in a research report on Monday, March 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of AstraZeneca in a report on Thursday, March 18th. UBS Group raised shares of AstraZeneca from a “neutral” rating to a “buy” rating in a report on Wednesday, March 3rd. Finally, Societe Generale reaffirmed a “buy” rating on shares of AstraZeneca in a report on Tuesday, March 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.40. Read more …

 


Middlesex Water (NASDAQ:MSEX) was downgraded by analysts at Janney Montgomery Scott from a "buy" rating to a "neutral" rating in a report released on Wednesday, Analyst Price Targets reports. The analysts noted that the move was a valuation call.

Separately, Zacks Investment Research cut shares of Middlesex Water from a "buy" rating to a "hold" rating in a research report on Friday, April 2nd.

Shares of MSEX stock opened at $81.87 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.44. Middlesex Water has a fifty-two week low of $56.44 and a fifty-two week high of $85.92. The firm has a market cap of $1.43 billion, a P/E ratio of 37.73 and a beta of 0.24. The business's 50 day moving average price is $76.01 and its 200-day moving average price is $72.50.

Middlesex Water (NASDAQ:MSEX) last announced its quarterly earnings results on Thursday, February 25th. The utilities provider reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.04. The company had revenue of $34.63 million during the quarter, compared to analyst estimates of $34.00 million. Middlesex Water had a return on equity of 11.51% and a net margin of 27.34%. As a group, equities analysts predict that Middlesex Water will post 2.14 EPS for the current year. Read more …

 

 


Intel (NASDAQ:INTC) was downgraded by investment analysts at Raymond James from a “market perform” rating to an “underperform” rating in a report issued on Thursday, The Fly reports.

A number of other equities research analysts have also weighed in on INTC. Loop Capital lifted their price objective on shares of Intel from $50.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, March 30th. Oppenheimer reiterated a “hold” rating on shares of Intel in a report on Friday, January 22nd. Wedbush boosted their target price on Intel from $48.00 to $53.00 and gave the stock an “underperform” rating in a report on Friday, January 22nd. Bank of America reiterated a “sell” rating and issued a $62.00 price objective on shares of Intel in a report on Tuesday, March 30th. Finally, Zacks Investment Research cut Intel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, March 25th. Twelve research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. Intel has an average rating of “Hold” and an average price target of $63.64. Read more …

 


The Home Depot (NYSE:HD) was downgraded by equities research analysts at Zelman & Associates from a “buy” rating to a “hold” rating in a report issued on Thursday, The Fly reports.

A number of other research firms also recently weighed in on HD. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on The Home Depot in a report on Monday, March 15th. They issued a “buy” rating and a $288.00 price objective for the company. Loop Capital lifted their price objective on shares of The Home Depot from $310.00 to $350.00 and gave the company a “buy” rating in a report on Monday. UBS Group boosted their price target on shares of The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of The Home Depot from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $319.00 price objective on shares of The Home Depot in a report on Thursday, March 25th. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $301.10. Read more …

 

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