Notable Analyst Upgrades and Downgrades for Week of May 31, 2021

 


Upgrades:

 


Devon Energy (NYSE:DVN) was upgraded by Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued on Tuesday, Briefing.com reports. The firm currently has a $40.00 target price on the energy company’s stock, up from their prior target price of $34.00. Raymond James’ price target would suggest a potential upside of 50.60% from the stock’s previous close.

Several other equities analysts have also recently commented on DVN. Barclays upped their target price on shares of Devon Energy from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th. JPMorgan Chase & Co. upped their target price on shares of Devon Energy from $22.00 to $30.00 in a research note on Thursday, March 18th. Morgan Stanley increased their price objective on shares of Devon Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, May 19th. Zacks Investment Research cut shares of Devon Energy from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research note on Tuesday, May 18th. Finally, Citigroup increased their price objective on shares of Devon Energy from $24.00 to $29.00 in a research note on Tuesday, March 23rd. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Devon Energy has an average rating of “Buy” and an average target price of $26.16. Read more …

 


Williams-Sonoma (NYSE:WSM) was upgraded by equities research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm currently has a $180.00 price target on the specialty retailer's stock, up from their prior price target of $100.00. Bank of America's target price suggests a potential upside of 6.17% from the company's previous close.

Other equities analysts have also issued reports about the stock. Barclays boosted their target price on shares of Williams-Sonoma from $144.00 to $187.00 and gave the company an "overweight" rating in a report on Wednesday, March 24th. William Blair reiterated a "market perform" rating on shares of Williams-Sonoma in a report on Tuesday, April 27th. Wells Fargo & Company boosted their target price on shares of Williams-Sonoma from $155.00 to $175.00 and gave the company an "equal weight" rating in a report on Tuesday, May 25th. Loop Capital boosted their target price on shares of Williams-Sonoma from $110.00 to $150.00 and gave the company a "hold" rating in a report on Thursday, March 18th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Williams-Sonoma in a report on Monday, March 15th. They issued a "neutral" rating and a $127.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. Williams-Sonoma currently has a consensus rating of "Hold" and an average target price of $161.28. Read more …

 


The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) was upgraded by equities research analysts at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other equities analysts have also issued reports on the company. Canaccord Genuity raised their price target on The Bank of Nova Scotia from $77.00 to $81.00 and gave the stock a “hold” rating in a report on Wednesday, April 21st. BMO Capital Markets lifted their price objective on The Bank of Nova Scotia from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, February 24th. Barclays lifted their price objective on The Bank of Nova Scotia from $60.00 to $69.00 and gave the company an “underweight” rating in a report on Tuesday, February 16th. Zacks Investment Research raised The Bank of Nova Scotia from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, May 27th. Finally, Royal Bank of Canada lifted their price objective on The Bank of Nova Scotia from $77.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, February 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The Bank of Nova Scotia has a consensus rating of “Buy” and a consensus target price of $76.46. Read more …

 

 


Federal Realty Investment Trust (NYSE:FRT) was upgraded by equities research analysts at Mizuho from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Briefing.com reports. The firm presently has a $129.00 price target on the real estate investment trust’s stock, up from their previous price target of $102.00. Mizuho’s target price points to a potential upside of 8.38% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Piper Sandler raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $125.00 in a report on Thursday, May 6th. Stifel Nicolaus cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and boosted their target price for the company from $89.00 to $95.00 in a report on Wednesday, February 10th. Truist Securities boosted their target price on shares of Federal Realty Investment Trust from $88.00 to $96.00 and gave the company a “hold” rating in a report on Monday, March 22nd. Truist boosted their target price on shares of Federal Realty Investment Trust from $88.00 to $96.00 in a report on Monday, March 22nd. Finally, TheStreet cut shares of Federal Realty Investment Trust from a “b-” rating to a “c” rating in a report on Wednesday, May 5th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $96.12. Read more …

 


Realty Income (NYSE:O) was upgraded by equities researchers at Mizuho from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Briefing.com reports. The brokerage currently has a $77.00 price target on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential upside of 9.05% from the company’s current price. 

Other research analysts have also issued reports about the company. BMO Capital Markets lowered Realty Income from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 6th. Morgan Stanley upped their target price on Realty Income from $67.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, April 15th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $70.56. Read more …

 


Northrop Grumman (NYSE:NOC) was upgraded by research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a research report issued on Friday, The Fly reports. The brokerage presently has a $475.00 target price on the aerospace company's stock, up from their prior target price of $350.00. Stifel Nicolaus' price objective points to a potential upside of 29.60% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company started coverage on Northrop Grumman in a research report on Tuesday, May 18th. They issued an "underweight" rating and a $330.00 target price for the company. Susquehanna Bancshares lifted their target price on Northrop Grumman from $350.00 to $409.00 and gave the company a "positive" rating in a research report on Friday, April 30th. Morgan Stanley boosted their price objective on Northrop Grumman from $447.00 to $478.00 and gave the stock an "overweight" rating in a research report on Friday, April 30th. Zacks Investment Research raised Northrop Grumman from a "sell" rating to a "hold" rating and set a $375.00 price objective for the company in a research report on Monday, May 3rd. Finally, Susquehanna boosted their price objective on Northrop Grumman from $350.00 to $409.00 and gave the stock a "positive" rating in a research report on Friday, April 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of "Buy" and an average price target of $393.17. Read more …

 

 


BHP Group (NYSE:BHP) was upgraded by investment analysts at Exane BNP Paribas from an “underperform” rating to a “neutral” rating in a report issued on Friday, The Fly reports.

Several other research analysts have also recently commented on BHP. UBS Group cut BHP Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 30th. BNP Paribas upgraded BHP Group from an “underperform” rating to a “neutral” rating in a research note on Friday. BMO Capital Markets restated a “market perform” rating on shares of BHP Group in a research note on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft upgraded BHP Group to a “buy” rating and set a $2,200.00 price objective on the stock in a research note on Wednesday, May 26th. Finally, Berenberg Bank assumed coverage on BHP Group in a research note on Friday, February 5th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $1,138.50. Read more …

 


Wells Fargo & Company (NYSE:WFC) was upgraded by investment analysts at Bank of America from a "neutral" rating to a "buy" rating in a research report issued on Friday, The Fly reports.

Several other equities research analysts have also issued reports on WFC. Robert W. Baird increased their price objective on shares of Wells Fargo & Company from $41.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, April 15th. BMO Capital Markets increased their price target on Wells Fargo & Company from $40.00 to $43.00 in a report on Thursday, April 15th. Jefferies Financial Group boosted their price objective on Wells Fargo & Company from $37.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, April 9th. Morgan Stanley increased their target price on Wells Fargo & Company from $47.00 to $49.00 and gave the company an "overweight" rating in a research note on Thursday, April 15th. Finally, Barclays boosted their price target on Wells Fargo & Company from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 15th. Nine investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Wells Fargo & Company presently has a consensus rating of "Buy" and a consensus target price of $42.26. Read more …

 


Diageo (NYSE:DEO) was upgraded by equities researchers at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.

DEO has been the topic of several other research reports. Morgan Stanley reissued an “overweight” rating on shares of Diageo in a research report on Thursday, May 13th. Zacks Investment Research cut shares of Diageo from a “buy” rating to a “hold” rating and set a $176.00 price objective for the company. in a research note on Tuesday, March 30th. Citigroup reaffirmed a “neutral” rating on shares of Diageo in a research note on Thursday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Diageo in a research note on Thursday, May 13th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Diageo in a research note on Thursday, May 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $170.00. Read more …

 

 

 

Downgrades:

 


Fortis (NYSE:FTS) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, The Fly reports.

Several other research firms have also weighed in on FTS. Zacks Investment Research lowered shares of Fortis from a “buy” rating to a “hold” rating in a research note on Monday, May 3rd. Royal Bank of Canada cut their price target on shares of Fortis from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 16th. Finally, Raymond James reaffirmed a “market perform” rating and issued a $58.00 price target on shares of Fortis in a research note on Tuesday, May 4th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Fortis currently has a consensus rating of “Hold” and a consensus target price of $58.00. Read more …

 


Freeport-McMoRan (NYSE:FCX) was downgraded by research analysts at Exane BNP Paribas from an "outperform" rating to a "neutral" rating in a note issued to investors on Friday, The Fly reports.

FCX has been the topic of several other research reports. BMO Capital Markets assumed coverage on shares of Freeport-McMoRan in a research note on Friday, April 23rd. They set a "buy" rating and a $45.00 price objective on the stock. UBS Group lifted their price target on Freeport-McMoRan from $30.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, April 26th. Citigroup upgraded shares of Freeport-McMoRan from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a report on Tuesday, February 16th. B. Riley lifted their price target on Freeport-McMoRan from $32.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, February 23rd. Finally, BNP Paribas lowered Freeport-McMoRan from an "outperform" rating to a "neutral" rating and set a $40.30 target price for the company. in a report on Friday. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of "Buy" and a consensus target price of $33.08. Read more …

 


Pentair (NYSE:PNR) was downgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Friday, PriceTargets.com reports. They presently have a $63.00 price target on the industrial products company’s stock, down from their prior price target of $69.00. Morgan Stanley’s price objective would suggest a potential downside of 9.44% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Pentair from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, April 27th. Barclays raised their target price on shares of Pentair from $55.00 to $57.00 and gave the stock an “underweight” rating in a report on Tuesday, April 6th. Citigroup raised their price target on Pentair from $73.00 to $78.00 in a report on Friday, April 23rd. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Pentair from $73.00 to $78.00 in a research report on Friday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Pentair presently has an average rating of “Hold” and an average target price of $58.87. Read more …

 

 


Middlesex Water (NASDAQ:MSEX) was downgraded by research analysts at Boenning Scattergood from an "outperform" rating to a "neutral" rating in a research report issued on Friday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Middlesex Water from a "hold" rating to a "sell" rating in a research note on Wednesday, May 12th. Janney Montgomery Scott reiterated a "neutral" rating on shares of Middlesex Water in a research note on Tuesday, April 20th.

Shares of NASDAQ:MSEX opened at $85.99 on Friday. The company has a 50 day moving average price of $81.58. Middlesex Water has a 52 week low of $59.60 and a 52 week high of $87.11. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 40.37 and a beta of 0.26. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 0.78. Read more …

 

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