Notable Analyst Upgrades and Downgrades for Week of July 19, 2021

 



Upgrades:

 


QUALCOMM (NASDAQ:QCOM) was upgraded by The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a note issued to investors on Monday, The Fly reports.

Several other research firms also recently weighed in on QCOM. Susquehanna Bancshares downgraded QUALCOMM to a "neutral" rating and cut their target price for the company from $175.00 to $155.00 in a research report on Monday, April 19th. Mizuho boosted their target price on QUALCOMM from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, April 29th. Morgan Stanley boosted their target price on QUALCOMM from $167.00 to $173.00 and gave the company an "overweight" rating in a research report on Thursday, April 29th. Evercore ISI reissued an "in-line" rating and set a $150.00 target price (down previously from $195.00) on shares of QUALCOMM in a research report on Monday, April 19th. Finally, Piper Sandler boosted their target price on QUALCOMM from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Thursday, April 29th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus target price of $165.96. Read more …

 


Simon Property Group (NYSE:SPG) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

A number of other equities analysts have also recently commented on SPG. Morgan Stanley boosted their price target on shares of Simon Property Group from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, June 11th. They noted that the move was a valuation call. Scotiabank boosted their price objective on shares of Simon Property Group from $117.00 to $138.00 and gave the stock a “sector perform” rating in a report on Monday, June 28th. UBS Group assumed coverage on shares of Simon Property Group in a report on Thursday, June 3rd. They issued a “neutral” rating and a $135.00 price objective for the company. Mizuho boosted their price objective on shares of Simon Property Group from $97.00 to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, May 11th. Finally, BMO Capital Markets restated a “hold” rating on shares of Simon Property Group in a report on Thursday, May 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $127.69. Read more …

 


International Business Machines (NYSE:IBM) was upgraded by equities research analysts at Societe Generale from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has a $140.00 target price on the technology company’s stock, up from their prior target price of $121.00. Societe Generale’s price target would indicate a potential upside of 1.51% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Credit Suisse Group lifted their price objective on International Business Machines from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 20th. Stifel Nicolaus raised their target price on International Business Machines from $147.00 to $151.00 and gave the company a “buy” rating in a research note on Tuesday, April 20th. Morgan Stanley raised their target price on International Business Machines from $150.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 20th. Finally, BMO Capital Markets raised their target price on International Business Machines from $150.00 to $155.00 and gave the company a “market perform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $145.91. Read more …

 

 


Halliburton (NYSE:HAL) was upgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has a $26.00 price objective on the oilfield services company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 29.55% from the company’s previous close.

HAL has been the subject of a number of other research reports. Barclays raised shares of Halliburton from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $21.00 to $29.00 in a report on Monday, May 3rd. Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a report on Monday, April 12th. Morgan Stanley increased their target price on shares of Halliburton from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, July 9th. Credit Suisse Group raised their price objective on shares of Halliburton from $16.00 to $16.50 and gave the company a “neutral” rating in a report on Thursday, April 22nd. Finally, Atb Cap Markets upgraded shares of Halliburton from a “sector perform” rating to an “outperform” rating in a report on Wednesday, April 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.80. Read more …

 


Chevron (NYSE:CVX) was upgraded by equities research analysts at Redburn Partners from a "neutral" rating to a "buy" rating in a report released on Thursday, Briefing.com reports.

Several other brokerages also recently weighed in on CVX. Argus lifted their target price on Chevron from $108.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, May 12th. Morgan Stanley lifted their target price on Chevron from $127.00 to $149.00 and gave the company an "overweight" rating in a research note on Friday, June 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $113.00 target price (down previously from $117.00) on shares of Chevron in a research note on Tuesday, April 13th. Zacks Investment Research downgraded Chevron from a "strong-buy" rating to a "hold" rating and set a $112.00 target price on the stock. in a research note on Wednesday, May 5th. Finally, Piper Sandler lifted their target price on Chevron from $113.00 to $126.00 and gave the company an "overweight" rating in a research note on Thursday, April 1st. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of "Buy" and a consensus target price of $117.21.

Shares of NYSE CVX opened at $99.82 on Thursday. The company has a market cap of $192.46 billion, a P/E ratio of -23.94, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. Chevron has a 12-month low of $65.16 and a 12-month high of $113.11. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average of $105.15. Read more …

 


Starbucks (NASDAQ:SBUX) was upgraded by Robert W. Baird from a "neutral" rating to an "outperform" rating in a research note issued on Friday, The Fly reports. The brokerage currently has a $142.00 target price on the coffee company's stock, up from their prior target price of $117.00. Robert W. Baird's price target would suggest a potential upside of 15.80% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets increased their target price on shares of Starbucks from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Starbucks from $97.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, April 12th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on shares of Starbucks from $110.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 28th. They noted that the move was a valuation call. Royal Bank of Canada raised their target price on shares of Starbucks from $126.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, April 28th. Finally, Zacks Investment Research raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $122.00 target price on the stock in a research note on Monday, May 3rd. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of "Buy" and a consensus price target of $121.81. Read more …

 

 

 

Downgrades:

 


Consolidated Edison (NYSE:ED) was downgraded by analysts at KeyCorp from a “sector weight” rating to an “underweight” rating in a report released on Tuesday, The Fly reports. They presently have a $66.00 target price on the utilities provider’s stock. KeyCorp’s price target would suggest a potential downside of 10.53% from the stock’s previous close.

ED has been the topic of a number of other reports. Mizuho upped their price objective on Consolidated Edison from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, June 14th. Barclays upped their target price on Consolidated Edison from $69.00 to $75.00 and gave the company an “underweight” rating in a research note on Tuesday, May 25th. Morgan Stanley upped their target price on Consolidated Edison from $72.00 to $73.00 and gave the company an “underweight” rating in a research note on Monday, June 21st. TheStreet raised Consolidated Edison from a “c” rating to a “b-” rating in a research note on Thursday, April 22nd. Finally, Credit Suisse Group upped their target price on Consolidated Edison from $65.00 to $74.00 and gave the company an “underperform” rating in a research note on Thursday, April 29th. Six investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average price target of $75.11. Read more …

 


Enbridge (NYSE:ENB) (TSE:ENB) was downgraded by Barclays from an "overweight" rating to an "equal weight" rating in a research note issued on Tuesday, Briefing.com reports.

Several other research firms have also recently weighed in on ENB. Wells Fargo & Company boosted their price objective on shares of Enbridge from $51.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, June 24th. Zacks Investment Research downgraded Enbridge from a "buy" rating to a "hold" rating and set a $42.00 target price for the company. in a research report on Monday, June 14th. The Goldman Sachs Group upgraded Enbridge from a "sell" rating to a "neutral" rating and raised their price target for the company from $35.00 to $41.00 in a report on Wednesday, June 30th. Argus boosted their price objective on Enbridge from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 25th. Finally, Credit Suisse Group upgraded shares of Enbridge from a "neutral" rating to an "outperform" rating and upped their target price for the company from $52.00 to $55.00 in a research report on Thursday, June 17th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Enbridge has a consensus rating of "Buy" and an average price target of $51.23. Read more …

 


TC Energy logoTC Energy (NYSE:TRP) (TSE:TRP) was downgraded by stock analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other research analysts have also recently weighed in on the company. Wells Fargo & Company boosted their price target on TC Energy from $66.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 13th. CIBC boosted their target price on TC Energy from C$70.00 to C$74.00 and gave the stock an "outperform" rating in a research report on Friday, June 18th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. The stock presently has an average rating of "Buy" and a consensus price target of $67.36.

TRP stock opened at $47.25 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.76. The firm's 50 day simple moving average is $50.85. TC Energy has a 52-week low of $38.80 and a 52-week high of $53.65. The stock has a market capitalization of $46.27 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.36 and a beta of 0.79. Read more …

 

 


Texas Instruments (NASDAQ:TXN) was downgraded by research analysts at Summit Insights from a “buy” rating to a “hold” rating in a research note issued on Thursday, Briefing.com reports.

A number of other brokerages have also recently commented on TXN. Mizuho lifted their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 28th. Jefferies Financial Group lifted their price target on Texas Instruments from $206.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. Barclays lifted their price target on Texas Instruments from $155.00 to $170.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 28th. lifted their price target on Texas Instruments from $201.00 to $215.00 in a research report on Wednesday, April 28th. Finally, Cascend Securities boosted their price objective on Texas Instruments from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, April 27th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $195.34. Read more …

 


The Travelers Companies (NYSE:TRV) was downgraded by research analysts at Bank of America from a “buy” rating to an “underperform” rating in a report issued on Thursday, Briefing.com reports. They presently have a $161.00 price objective on the insurance provider’s stock, down from their previous price objective of $171.00. Bank of America‘s price objective suggests a potential upside of 6.03% from the company’s previous close.

TRV has been the topic of several other reports. lifted their price target on The Travelers Companies from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, June 21st. Credit Suisse Group boosted their target price on The Travelers Companies from $142.00 to $153.00 and gave the stock a “neutral” rating in a report on Thursday, April 1st. Barclays boosted their target price on The Travelers Companies from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, March 24th. Zacks Investment Research raised The Travelers Companies from a “sell” rating to a “hold” rating and set a $165.00 target price on the stock in a report on Thursday, April 22nd. Finally, Citigroup upped their price target on The Travelers Companies from $142.00 to $155.00 in a report on Wednesday, March 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $154.29. Read more …

 


Williams-Sonoma (NYSE:WSM) was downgraded by stock analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a report issued on Thursday, The Fly reports.

A number of other analysts have also weighed in on WSM. Wells Fargo & Company raised their target price on Williams-Sonoma from $155.00 to $175.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 25th. Argus raised their target price on Williams-Sonoma from $185.00 to $205.00 in a research note on Tuesday, April 6th. Telsey Advisory Group raised their target price on Williams-Sonoma from $195.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, May 27th. Exane BNP Paribas initiated coverage on Williams-Sonoma in a research report on Friday, July 16th. They issued a "neutral" rating and a $179.00 price objective for the company. Finally, Zacks Investment Research lowered Williams-Sonoma from a "buy" rating to a "hold" rating and set a $179.00 price objective for the company. in a research report on Wednesday, May 19th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of "Hold" and an average target price of $163.05. Read more …

 

 


Novartis (NYSE:NVS) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report released on Thursday, The Fly reports.

A number of other research firms also recently commented on NVS. Morgan Stanley reaffirmed an "overweight" rating on shares of Novartis in a research report on Tuesday, May 11th. Oddo Bhf raised shares of Novartis from a "neutral" rating to an "outperform" rating in a research report on Wednesday, April 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Novartis in a research report on Wednesday, April 28th. Finally, UBS Group reaffirmed a "buy" rating on shares of Novartis in a research report on Monday, April 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of "Hold" and an average price target of $108.50.

Shares of NYSE:NVS opened at $90.48 on Thursday. Novartis has a 52 week low of $77.04 and a 52 week high of $98.52. The firm has a 50 day moving average price of $90.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.50 and a current ratio of 0.74. The stock has a market cap of $207.08 billion, a P/E ratio of 26.00, a PEG ratio of 2.15 and a beta of 0.55. Read more …

 

Comments