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

 



Upgrades:

 


Invesco (NYSE:IVZ) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports. The firm presently has a $34.00 target price on the asset manager’s stock, up from their previous target price of $29.00. Citigroup’s price objective would indicate a potential upside of 26.63% from the company’s previous close.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, April 9th. Evercore ISI reiterated a “sell” rating and issued a $30.00 target price on shares of Invesco in a report on Friday, June 4th. Credit Suisse Group increased their target price on shares of Invesco from $30.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 28th. Morgan Stanley increased their target price on shares of Invesco from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, April 20th. Finally, Zacks Investment Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating and set a $28.00 target price for the company. in a report on Tuesday, April 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.13. Read more …

 


The Travelers Companies (NYSE:TRV) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued on Monday, Price Targets.com reports. The brokerage currently has a $166.00 price target on the insurance provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 8.26% from the stock’s current price.

A number of other equities analysts have also recently issued reports on TRV. Credit Suisse Group upped their price objective on shares of The Travelers Companies from $142.00 to $153.00 and gave the stock a “neutral” rating in a research report on Thursday, April 1st. Barclays upped their price objective on shares of The Travelers Companies from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 24th. Citigroup upped their price objective on shares of The Travelers Companies from $142.00 to $155.00 in a research report on Wednesday, March 31st. Royal Bank of Canada upped their price objective on shares of The Travelers Companies from $156.00 to $163.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 21st. Finally, upped their price objective on shares of The Travelers Companies from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, June 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $153.77. Read more …

 


Hanesbrands (NYSE:HBI) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report issued on Tuesday, The Fly reports. The firm currently has a $23.00 price target on the textile maker's stock, up from their previous price target of $20.00. Wells Fargo & Company's price target suggests a potential upside of 26.93% from the stock's previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus upgraded Hanesbrands from a "hold" rating to a "buy" rating and raised their target price for the company from $18.00 to $25.00 in a report on Wednesday, May 12th. TheStreet raised Hanesbrands from a "c" rating to a "b" rating in a research report on Tuesday, May 11th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of "Buy" and an average price target of $20.44.

Shares of NYSE:HBI opened at $18.12 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 7.53. Hanesbrands has a 1 year low of $11.05 and a 1 year high of $22.82. The stock's fifty day moving average price is $19.27. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. Read more …

 

 


DTE Energy (NYSE:DTE) was upgraded by The Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a report issued on Tuesday, The Fly reports.

DTE has been the topic of a number of other reports. KeyCorp reaffirmed a “sector weight” rating on shares of DTE Energy in a research report on Tuesday, April 27th. Morgan Stanley lowered their target price on DTE Energy from $142.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 8th. Mizuho lowered their target price on DTE Energy from $146.00 to $123.00 and set a “buy” rating on the stock in a research report on Friday. Bank of America reiterated an “underperform” rating and set a $131.00 price target on shares of DTE Energy in a report on Monday, May 10th. Finally, UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $144.00 to $127.00 in a report on Tuesday, July 6th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $131.50. Read more …

 


Southern Copper (NYSE:SCCO) was upgraded by analysts at HSBC from a "reduce" rating to a "hold" rating in a report issued on Thursday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Southern Copper from a "strong-buy" rating to a "hold" rating and set a $68.00 price objective for the company. in a report on Tuesday, June 29th. Barclays raised Southern Copper from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $57.00 to $55.00 in a report on Thursday, July 8th. Finally, UBS Group boosted their price objective on Southern Copper from $60.00 to $65.00 and gave the company a "sell" rating in a report on Monday, April 26th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus target price of $57.42.

Shares of SCCO opened at $63.80 on Thursday. The stock's 50-day moving average price is $68.03. Southern Copper has a one year low of $41.92 and a one year high of $83.29. The company has a current ratio of 3.66, a quick ratio of 3.02 and a debt-to-equity ratio of 0.86. The firm has a market cap of $49.32 billion, a PE ratio of 23.28, a P/E/G ratio of 0.79 and a beta of 1.10. Read more …

 


Cintas (NASDAQ:CTAS) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, The Fly reports. The brokerage currently has a $425.00 target price on the business services provider’s stock, up from their prior target price of $389.00. Robert W. Baird’s target price would suggest a potential upside of 15.13% from the company’s previous close.

A number of other brokerages have also recently commented on CTAS. Barclays lifted their price objective on shares of Cintas from $405.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group lifted their price target on shares of Cintas from $387.00 to $411.00 and gave the stock a “buy” rating in a research note on Tuesday, June 22nd. Finally, Morgan Stanley lifted their price target on shares of Cintas from $324.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Cintas presently has a consensus rating of “Buy” and a consensus price target of $387.67. Read more …

 

 

 

Downgrades:

 


3M (NYSE:MMM) was downgraded by analysts at Wolfe Research from a “peer perform” rating to an “underperform” rating in a note issued to investors on Monday, The Fly reports. They currently have a $215.00 target price on the conglomerate’s stock, down from their previous target price of $218.00. Wolfe Research’s price objective would suggest a potential upside of 6.97% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of 3M from $188.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Monday, April 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 3M from $192.00 to $199.00 and gave the stock a “hold” rating in a research report on Wednesday, April 28th. Royal Bank of Canada boosted their price objective on shares of 3M from $198.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 28th. Zacks Investment Research upgraded shares of 3M from a “sell” rating to a “hold” rating and set a $206.00 price objective for the company in a research report on Thursday, April 29th. Finally, Barclays upped their target price on shares of 3M from $163.00 to $180.00 and gave the company an “underweight” rating in a research report on Tuesday, April 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $195.42. Read more …

 


Essential Utilities (NYSE:WTRG) was downgraded by equities research analysts at The Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports.

Separately, Barclays boosted their target price on Essential Utilities from $47.00 to $51.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.67.

WTRG stock opened at $47.55 on Tuesday. The firm has a market cap of $11.68 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 4.62 and a beta of 0.54. The business has a 50-day moving average price of $47.14. Essential Utilities has a 12-month low of $38.28 and a 12-month high of $49.36. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 1.15. Read more …

 


Edison International (NYSE:EIX) was downgraded by investment analysts at Bank of America from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, The Fly reports. They currently have a $59.00 price target on the utilities provider's stock. Bank of America's target price indicates a potential upside of 1.37% from the company's current price.

Several other equities research analysts have also commented on EIX. Barclays upped their price target on Edison International from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 25th. KeyCorp dropped their price target on Edison International from $70.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 21st. TheStreet lowered Edison International from a "b-" rating to a "c" rating in a research note on Tuesday, April 27th. Mizuho upped their price target on Edison International from $68.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, June 11th. Finally, Morgan Stanley upped their price target on Edison International from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Monday, June 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of "Buy" and an average target price of $67.86. Read more …

 

 


Church & Dwight (NYSE:CHD) was downgraded by equities research analysts at Raymond James from a “market perform” rating to an “underperform” rating in a research report issued on Tuesday, The Fly reports.

CHD has been the subject of several other reports. JPMorgan Chase & Co. lifted their target price on Church & Dwight from $79.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, April 16th. Morgan Stanley reiterated an “underweight” rating and issued a $80.00 target price on shares of Church & Dwight in a research note on Monday, April 26th. UBS Group began coverage on Church & Dwight in a research note on Wednesday, June 23rd. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $91.00 to $92.00 and gave the company a “hold” rating in a research note on Wednesday, April 21st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $101.27. Read more …

 


PepsiCo (NASDAQ:PEP) was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, Analyst Ratings Network reports. They presently have a $157.00 target price on the stock, up from their previous target price of $155.00. Credit Suisse Group’s price objective would suggest a potential upside of 2.64% from the company’s previous close.

Several other equities analysts also recently commented on PEP. Morgan Stanley upped their price objective on shares of PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, April 16th. Guggenheim reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, April 1st. UBS Group raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $145.00 to $165.00 in a research note on Wednesday, April 21st. Barclays raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price objective for the company in a research note on Monday, March 22nd. Finally, Wolfe Research began coverage on shares of PepsiCo in a research note on Monday, April 12th. They set a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $155.62. Read more …

 

Comments