April 30, 2021

Notable Analyst Upgrades and Downgrades for Week of April 26, 2021

 


Upgrades:

 


Simon Property Group (NYSE:SPG) was upgraded by equities research analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a research report issued to clients and investors on Monday, Briefing.com reports. The firm presently has a $128.00 price objective on the real estate investment trust's stock, up from their previous price objective of $112.00. Evercore ISI's price target indicates a potential upside of 9.48% from the company's previous close.

A number of other research firms also recently commented on SPG. Mizuho increased their price objective on shares of Simon Property Group from $74.00 to $97.00 and gave the company a "neutral" rating in a report on Tuesday, February 9th. Piper Sandler upped their price objective on shares of Simon Property Group from $115.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, March 11th. Zacks Investment Research raised shares of Simon Property Group from a "sell" rating to a "hold" rating and set a $92.00 target price on the stock in a research note on Monday, January 11th. Morgan Stanley boosted their target price on shares of Simon Property Group from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, April 13th. Finally, BTIG Research raised their price target on shares of Simon Property Group from $99.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Simon Property Group has a consensus rating of "Hold" and a consensus price target of $105.94. Read more …

 


Brookfield Renewable (NYSE:BEPC) was upgraded by research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, The Fly reports. The firm presently has a $53.00 price target on the stock, up from their previous price target of $47.00. Wells Fargo & Company‘s price objective suggests a potential upside of 20.65% from the company’s current price.

Separately, JPMorgan Chase & Co. initiated coverage on shares of Brookfield Renewable in a research note on Wednesday, March 31st. They set a “neutral” rating and a $49.00 target price for the company.

NYSE:BEPC opened at $43.93 on Monday. Brookfield Renewable has a one year low of $26.67 and a one year high of $63.31. The company has a fifty day moving average price of $45.37 and a 200 day moving average price of $57.13. Read more …

 


Weyerhaeuser (NYSE:WY) was upgraded by equities research analysts at Raymond James from an "outperform" rating to a "strong-buy" rating in a report issued on Monday, Price Targets.com reports.

Separately, DA Davidson increased their target price on shares of Weyerhaeuser from $29.00 to $34.00 in a research note on Monday, February 1st. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Weyerhaeuser currently has a consensus rating of "Buy" and an average price target of $31.38.

NYSE WY traded up $0.61 on Monday, hitting $39.99. The stock had a trading volume of 166,179 shares, compared to its average volume of 4,538,245. Weyerhaeuser has a 52-week low of $16.05 and a 52-week high of $39.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.72 and a current ratio of 2.28. The company has a market capitalization of $29.94 billion, a price-to-earnings ratio of 96.05 and a beta of 1.96. The firm has a 50-day moving average of $36.48 and a 200-day moving average of $32.90. Read more …

 

 


ViacomCBS (NASDAQ:VIAC) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other equities analysts have also issued reports on VIAC. Evercore ISI boosted their target price on shares of ViacomCBS from $40.00 to $50.00 in a report on Thursday, February 25th. Barrington Research downgraded shares of ViacomCBS from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 25th. Barclays downgraded shares of ViacomCBS from an “overweight” rating to an “underweight” rating and decreased their target price for the stock from $36.00 to $35.00 in a research report on Tuesday, January 19th. Gabelli raised shares of ViacomCBS from a “hold” rating to a “buy” rating in a research report on Tuesday, March 30th. Finally, BMO Capital Markets raised shares of ViacomCBS from an “underperform” rating to a “market perform” rating and set a $70.00 price objective for the company in a research report on Monday, March 29th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. ViacomCBS has an average rating of “Hold” and an average price target of $47.25. Read more …

 


The Charles Schwab (NYSE:SCHW) was upgraded by Credit Suisse Group from a "neutral" rating to an "outperform" rating in a note issued to investors on Tuesday, Briefing.com reports. The firm currently has a $86.00 price objective on the financial services provider's stock, up from their previous price objective of $74.00. Credit Suisse Group's target price indicates a potential upside of 26.90% from the company's previous close.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of The Charles Schwab from $79.00 to $81.00 and gave the company an "overweight" rating in a research note on Thursday, April 15th. Wells Fargo & Company upped their price objective 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. Citigroup lifted their target price on The Charles Schwab from $88.00 to $93.00 in a research report on Friday. Wolfe Research raised The Charles Schwab from a "peer perform" rating to an "outperform" rating and set a $87.00 price target on the stock in a research report on Monday, April 5th. Finally, Morgan Stanley lifted their price objective on shares of The Charles Schwab from $83.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. The stock currently has an average rating of "Buy" and a consensus target price of $75.59. Read more …

 


United Parcel Service (NYSE:UPS) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report issued on Tuesday, The Fly reports. The brokerage presently has a $260.00 price objective on the transportation company’s stock, up from their previous price objective of $185.00. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 33.93% from the stock’s previous close.

A number of other brokerages have also recently issued reports on UPS. Vertical Research assumed coverage on shares of United Parcel Service in a research report on Thursday, April 1st. They set a “buy” rating and a $195.00 price target for the company. Morgan Stanley lifted their price target on shares of United Parcel Service from $74.00 to $80.00 and gave the company an “underweight” rating in a research report on Wednesday, February 3rd. TheStreet lowered shares of United Parcel Service from an “a-” rating to a “c” rating in a research note on Tuesday, February 2nd. Barclays upgraded shares of United Parcel Service from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $155.00 to $180.00 in a research note on Wednesday, April 21st. Finally, Credit Suisse Group restated a “buy” rating and set a $215.00 price objective on shares of United Parcel Service in a research note on Wednesday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $167.16. Read more …

 

 


ABB (NYSE:ABB) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.

Several other research analysts also recently commented on the company. Barclays restated an “equal weight” rating on shares of ABB in a research note on Wednesday, April 7th. The Goldman Sachs Group started coverage on ABB in a research note on Monday, April 5th. They issued a “buy” rating for the company. Morgan Stanley restated an “underweight” rating on shares of ABB in a research note on Monday, April 12th. Cowen lifted their price target on ABB from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, February 11th. Finally, Nordea Equity Research downgraded ABB from a “buy” rating to a “hold” rating in a research report on Friday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. ABB presently has an average rating of “Hold” and an average price target of $30.50. Read more …

 


Ecolab (NYSE:ECL) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Wednesday, Briefing.com reports. The firm currently has a $220.00 target price on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 0.73% from the company’s current price.

Several other research analysts also recently commented on the company. Credit Suisse Group initiated coverage on Ecolab in a research note on Monday, March 29th. They issued a “neutral” rating and a $210.00 target price for the company. Argus upped their price target on shares of Ecolab from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, January 7th. Deutsche Bank Aktiengesellschaft raised Ecolab from a “hold” rating to a “buy” rating and raised their price target for the company from $225.00 to $250.00 in a report on Monday, March 29th. Gabelli raised shares of Ecolab from a “hold” rating to a “buy” rating in a research note on Friday, January 15th. Finally, Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating and set a $221.00 price objective for the company. in a report on Wednesday, February 17th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $216.92. Read more …

 


General Dynamics (NYSE:GD) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, Briefing.com reports. The firm presently has a $243.00 price target on the aerospace company’s stock, up from their previous price target of $180.00. Robert W. Baird’s price objective would indicate a potential upside of 31.17% from the stock’s previous close.

GD has been the topic of several other reports. Wolfe Research reiterated an “underperform” rating on shares of General Dynamics in a report on Wednesday, April 14th. Morgan Stanley reduced their price target on shares of General Dynamics from $161.00 to $149.00 and set an “underweight” rating on the stock in a research note on Monday, February 8th. Citigroup boosted their price objective on shares of General Dynamics from $160.00 to $200.00 in a research report on Thursday, March 25th. Susquehanna lifted their price target on shares of General Dynamics from $162.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, January 29th. Finally, Susquehanna Bancshares increased their price objective on General Dynamics from $162.00 to $180.00 and gave the stock a “positive” rating in a research note on Friday, January 29th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $174.94. Read more …

 

 


Comcast (NASDAQ:CMCSA) was upgraded by equities researchers at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Price Targets.com reports. The firm currently has a $75.00 target price on the cable giant’s stock. Oppenheimer’s price objective indicates a potential upside of 35.45% from the company’s previous close.

A number of other research firms also recently weighed in on CMCSA. Credit Suisse Group raised their price target on shares of Comcast from $61.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, March 24th. Truist raised their price target on shares of Comcast from $50.00 to $60.00 in a report on Friday, January 29th. Wells Fargo & Company assumed coverage on shares of Comcast in a report on Monday, March 22nd. They set an “underweight” rating and a $48.00 price target on the stock. Pivotal Research raised their price target on shares of Comcast from $63.00 to $65.00 and gave the company a “buy” rating in a report on Monday, April 12th. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their target price on shares of Comcast from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, March 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company’s stock. Comcast has an average rating of “Buy” and a consensus target price of $60.84. Read more …

 

 

Downgrades:

 


Best Buy (NYSE:BBY) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued on Monday, Price Targets.com reports. They presently have a $125.00 price objective on the technology retailer’s stock, down from their prior price objective of $135.00. Wedbush’s target price would indicate a potential upside of 6.82% from the company’s previous close. Wedbush also issued estimates for Best Buy’s Q1 2022 earnings at $1.50 EPS, Q2 2022 earnings at $1.57 EPS, Q3 2022 earnings at $1.49 EPS, Q4 2022 earnings at $3.07 EPS, Q3 2023 earnings at $1.94 EPS, Q4 2023 earnings at $3.62 EPS, FY2023 earnings at $8.46 EPS and FY2024 earnings at $9.36 EPS.

A number of other brokerages have also weighed in on BBY. Zacks Investment Research restated a “buy” rating on shares of Best Buy in a report on Monday, April 12th. Raymond James lowered their price target on shares of Best Buy from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, March 4th. Bank of America reiterated a “buy” rating on shares of Best Buy in a report on Tuesday, February 16th. Royal Bank of Canada reduced their price objective on shares of Best Buy from $130.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 4th. Finally, DA Davidson reissued a “buy” rating on shares of Best Buy in a research report on Friday, February 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Best Buy presently has a consensus rating of “Hold” and a consensus target price of $110.59. Read more …

 


JPMorgan Chase & Co. (NYSE:JPM) was downgraded by stock analysts at Atlantic Securities from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They presently have a $150.00 price target on the financial services provider's stock. Atlantic Securities' price target indicates a potential downside of 0.37% from the company's previous close.

Several other equities analysts have also commented on the stock. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $142.00 to $150.00 and gave the company an "underweight" rating in a report on Monday, March 8th. Oppenheimer reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 19th. Seaport Global Securities boosted their target price on JPMorgan Chase & Co. from $140.00 to $157.00 in a research note on Tuesday, January 19th. Deutsche Bank Aktiengesellschaft raised their price target on JPMorgan Chase & Co. from $142.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, April 1st. Finally, Zacks Investment Research upgraded JPMorgan Chase & Co. from a "hold" rating to a "strong-buy" rating and set a $177.00 price objective for the company in a research report on Monday, April 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. JPMorgan Chase & Co. has an average rating of "Buy" and a consensus target price of $146.65. Read more …

 

 


Verizon Communications (NYSE:VZ) was downgraded by research analysts at Moffett Nathanson from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Briefing.com reports. They presently have a $57.00 price objective on the cell phone carrier’s stock, down from their prior price objective of $62.00. Moffett Nathanson’s price objective would indicate a potential upside of 0.11% from the stock’s previous close.

A number of other equities research analysts have also weighed in on VZ. Scotiabank lowered Verizon Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 25th. Tigress Financial upgraded Verizon Communications from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 30th. Oppenheimer reiterated a “market perform” rating on shares of Verizon Communications in a research report on Wednesday, March 3rd. Bank of America reiterated a “buy” rating and issued a $64.00 target price on shares of Verizon Communications in a research report on Thursday, March 11th. Finally, Credit Suisse Group dropped their target price on Verizon Communications from $61.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 19th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $62.20. Read more …

 


L3Harris Technologies (NYSE:LHX) was downgraded by stock analysts at Benchmark from a "buy" rating to a "hold" rating in a report released on Tuesday, The Fly reports.

Several other equities analysts have also issued reports on LHX. Citigroup lowered their price target on L3Harris Technologies from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday, February 1st. Robert W. Baird lowered L3Harris Technologies from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $242.00 to $210.00 in a research note on Thursday, January 7th. Cowen reaffirmed a "buy" rating and set a $210.00 price objective on shares of L3Harris Technologies in a report on Friday, February 5th. Credit Suisse Group lifted their price objective on L3Harris Technologies from $200.00 to $223.00 and gave the company an "outperform" rating in a report on Monday, April 19th. Finally, Morgan Stanley decreased their price objective on L3Harris Technologies from $235.00 to $226.00 and set an "overweight" rating on the stock in a report on Monday, February 8th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of "Buy" and an average target price of $223.46. Read more …

 


DTE Energy (NYSE:DTE) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Wednesday, Briefing.com reports. They presently have a $144.00 price target on the utilities provider’s stock, up from their prior price target of $137.00. UBS Group’s price objective would suggest a potential upside of 5.69% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Credit Suisse Group decreased their price target on shares of DTE Energy from $131.00 to $128.00 and set a “neutral” rating for the company in a research note on Tuesday, January 19th. Evercore ISI upgraded shares of DTE Energy from an “in-line” rating to an “outperform” rating in a research note on Thursday, January 21st. Wolfe Research reaffirmed a “peer perform” rating and set a $139.00 price target (up from $128.00) on shares of DTE Energy in a report on Monday. Bank of America reaffirmed a “neutral” rating and set a $119.00 price objective (down from $133.00) on shares of DTE Energy in a research report on Monday, March 15th. Finally, KeyCorp reissued a “sector weight” rating on shares of DTE Energy in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. DTE Energy has a consensus rating of “Hold” and an average price target of $133.71. Read more …

 

 


eBay (NASDAQ:EBAY) had its target price lowered by stock analysts at Piper Sandler from $75.00 to $71.00 in a research note issued on Thursday, The Fly reports. The firm currently has an "overweight" rating on the e-commerce company's stock. Piper Sandler's price objective indicates a potential upside of 27.33% from the company's current price.

Several other research firms have also weighed in on EBAY. UBS Group lifted their target price on shares of eBay from $62.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, February 4th. Mizuho boosted their price objective on eBay from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, February 4th. Credit Suisse Group increased their price objective on eBay from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Monday. Evercore ISI reaffirmed an "in-line" rating and set a $65.00 price objective on shares of eBay in a research note on Tuesday, April 13th. Finally, KeyCorp raised their target price on eBay from $65.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 4th. Seventeen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. The stock currently has an average rating of "Hold" and a consensus price target of $66.85. Read more …

 


Bristol-Myers Squibb (NYSE:BMY) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a report released on Friday, Briefing.com reports. They currently have a $62.00 price target on the biopharmaceutical company's stock, down from their previous price target of $70.00. Morgan Stanley's price objective points to a potential downside of 1.42% from the company's previous close.

A number of other research firms have also recently weighed in on BMY. Truist upgraded shares of Bristol-Myers Squibb from a "hold" rating to a "buy" rating in a research report on Tuesday, April 13th. TheStreet lowered shares of Bristol-Myers Squibb from a "b" rating to a "c" rating in a research note on Monday, March 8th. Truist Financial upgraded Bristol-Myers Squibb from a "hold" rating to a "buy" rating in a research note on Tuesday, April 13th. Zacks Investment Research raised Bristol-Myers Squibb from a "hold" rating to a "buy" rating and set a $66.00 price objective for the company in a research note on Tuesday, April 6th. Finally, Truist Securities raised shares of Bristol-Myers Squibb from a "hold" rating to a "buy" rating and lifted their target price for the stock from $66.00 to $74.00 in a research note on Monday, April 19th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. The stock presently has a consensus rating of "Buy" and a consensus price target of $73.81. Read more …

 

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