Notable Analyst Upgrades and Downgrades for Week of July 5, 2021

 



Upgrades:

 


American Express (NYSE:AXP) was upgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, Price Targets.com reports.

Several other brokerages have also weighed in on AXP. Deutsche Bank Aktiengesellschaft raised their target price on American Express from $131.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, April 26th. Oppenheimer lifted their price target on American Express from $128.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, April 26th. Wells Fargo & Company lifted their price target on American Express from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, June 7th. Morgan Stanley lifted their price target on American Express from $166.00 to $171.00 and gave the stock an “overweight” rating in a research report on Monday, April 26th. Finally, Credit Suisse Group lifted their price target on American Express from $122.00 to $135.00 and gave the stock an “underperform” rating in a research report on Friday, July 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. American Express currently has a consensus rating of “Hold” and a consensus price target of $142.47. Read more …

 


Dominion Energy (NYSE:D) was upgraded by Scotiabank from a "sector perform" rating to a "sector outperform" rating in a research note issued on Tuesday, The Fly reports. The firm presently has a $92.00 price objective on the utilities provider's stock, up from their previous price objective of $88.00. Scotiabank's target price points to a potential upside of 23.97% from the company's previous close. The analysts noted that the move was a valuation call.

Several other equities research analysts have also recently commented on the company. KeyCorp raised their target price on Dominion Energy from $80.00 to $82.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 21st. TheStreet raised Dominion Energy from a "c+" rating to a "b-" rating in a research note on Thursday, April 22nd. Zacks Investment Research cut Dominion Energy from a "hold" rating to a "sell" rating and set a $80.00 price objective for the company. in a research note on Wednesday, April 7th. Mizuho raised their price objective on Dominion Energy from $76.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, June 17th. Finally, Credit Suisse Group raised their price objective on Dominion Energy from $80.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, April 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of "Buy" and an average target price of $83.75. Read more …

 


DTE Energy (NYSE:DTE) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a report released on Tuesday, The Fly reports. The brokerage presently has a $127.00 target price on the utilities provider’s stock, down from their previous target price of $144.00. UBS Group’s price target points to a potential upside of 13.66% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company upped their price target on shares of DTE Energy from $148.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 28th. 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 research report on Monday, April 26th. Bank of America reaffirmed an “underperform” rating and set a $131.00 price target on shares of DTE Energy in a research report on Monday, May 10th. Evercore ISI upped their price objective on shares of DTE Energy from $134.00 to $140.00 and gave the company an “in-line” rating in a research report on Thursday, April 29th. Finally, Morgan Stanley decreased their price objective on shares of DTE Energy from $148.00 to $142.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $134.14. Read more …

 

 


ABB (NYSE:ABB) was upgraded by stock analysts at The Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Other analysts also recently issued research reports about the stock. Barclays reaffirmed an “equal weight” rating on shares of ABB in a report on Thursday, July 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of ABB in a report on Tuesday, June 29th. UBS Group reaffirmed a “buy” rating on shares of ABB in a report on Wednesday, April 28th. Morgan Stanley reaffirmed an “underweight” rating on shares of ABB in a report on Wednesday, April 28th. Finally, HSBC raised shares of ABB from a “hold” rating to a “buy” rating in a report on Thursday, May 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $33.33. Read more …

 


Southern Copper (NYSE:SCCO) was upgraded by Barclays from an "underweight" rating to an "equal weight" rating in a research report issued on Thursday, The Fly reports.

A number of other brokerages have also issued reports on SCCO. UBS Group boosted their price target on Southern Copper from $60.00 to $65.00 and gave the stock a "sell" rating in a research report on Monday, April 26th. Zacks Investment Research lowered Southern Copper from a "strong-buy" rating to a "hold" rating and set a $68.00 price target for the company. in a research report on Tuesday, June 29th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. Southern Copper has a consensus rating of "Hold" and an average target price of $57.25.

Shares of NYSE SCCO opened at $63.99 on Thursday. Southern Copper has a twelve month low of $39.91 and a twelve month high of $83.29. The company has a quick ratio of 3.02, a current ratio of 3.66 and a debt-to-equity ratio of 0.86. The company has a market cap of $49.47 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 0.74 and a beta of 1.10. The firm has a 50 day moving average price of $68.66. Read more …

 


Norfolk Southern (NYSE:NSC) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued on Friday, The Fly reports. The firm currently has a $303.00 price target on the railroad operator’s stock, up from their prior price target of $301.00. Evercore ISI’s target price would indicate a potential upside of 19.39% from the stock’s previous close.

Several other analysts also recently issued reports on NSC. Barclays raised their price objective on shares of Norfolk Southern from $272.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 29th. Vertical Research began coverage on shares of Norfolk Southern in a research report on Friday, March 26th. They set a “hold” rating and a $240.00 target price on the stock. Royal Bank of Canada raised their target price on shares of Norfolk Southern from $234.00 to $254.00 in a research report on Thursday, April 29th. Argus raised their target price on shares of Norfolk Southern from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, May 4th. Finally, Morgan Stanley raised their target price on shares of Norfolk Southern from $165.00 to $175.00 and gave the stock an “underweight” rating in a research report on Monday, May 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Norfolk Southern presently has a consensus rating of “Buy” and a consensus price target of $265.14. Read more …

 

 

Downgrades:

 


3M (NYSE:MMM) was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, The Fly reports.

MMM has been the subject of a number of other reports. Zacks Investment Research raised 3M from a “sell” rating to a “hold” rating and set a $206.00 price target for the company in a research note on Thursday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on 3M from $192.00 to $199.00 and gave the stock a “hold” rating in a research note on Wednesday, April 28th. Morgan Stanley raised their price target on 3M from $188.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Monday, April 12th. Royal Bank of Canada raised their price target on 3M from $198.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 28th. Finally, Barclays raised their price target on 3M from $163.00 to $180.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. 3M presently has a consensus rating of “Hold” and a consensus target price of $193.45. Read more …

 


Fortis (NYSE:FTS) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets cut Fortis from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $60.00 to $57.00 in a report on Tuesday, June 1st. Raymond James restated a “market perform” rating and set a $58.00 price objective on shares of Fortis in a research note on Tuesday, May 4th. Finally, Zacks Investment Research cut Fortis from a “buy” rating to a “hold” rating in a research note on Monday, May 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $56.80. Read more …

 


The Charles Schwab (NYSE:SCHW) was downgraded by analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Analyst Price Targets reports. They currently have a $76.00 price objective on the financial services provider’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 8.99% from the company’s current price.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of The Charles Schwab from $82.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, May 13th. Barclays upped their target price on shares of The Charles Schwab from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, April 23rd. Jefferies Financial Group boosted their price target on shares of The Charles Schwab from $76.00 to $77.00 in a report on Friday, April 23rd. Wells Fargo & Company boosted their price target on shares of The Charles Schwab from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, June 2nd. Finally, Argus boosted their price target on shares of The Charles Schwab from $66.00 to $77.00 in a report on Tuesday, April 20th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The Charles Schwab presently has an average rating of “Buy” and an average target price of $80.44. Read more …

 

 


D.R. Horton (NYSE:DHI) was downgraded by research analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a report released on Thursday, The Fly reports.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on D.R. Horton from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Thursday, May 27th. JPMorgan Chase & Co. upgraded D.R. Horton from a "neutral" rating to an "overweight" rating in a research report on Wednesday, March 17th. Barclays increased their target price on D.R. Horton from $108.00 to $114.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 27th. Wolfe Research initiated coverage on D.R. Horton in a research report on Tuesday, March 16th. They set an "outperform" rating and a $94.00 target price for the company. Finally, Argus increased their price target on D.R. Horton from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, April 26th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. D.R. Horton has an average rating of "Buy" and a consensus price target of $93.62. Read more …

 


Freeport-McMoRan (NYSE:FCX) was downgraded by equities research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Thursday, Analyst Ratings Network reports. They currently have a $29.00 price objective on the natural resource company’s stock. Barclays‘s price objective suggests a potential downside of 19.91% from the company’s current price.

Other equities analysts have also issued reports about the company. Morgan Stanley restated an “equal weight” rating on shares of Freeport-McMoRan in a report on Tuesday, March 30th. Jefferies Financial Group raised their price target on Freeport-McMoRan to $60.00 and gave the company a “buy” rating in a research report on Monday, May 17th. Exane BNP Paribas downgraded Freeport-McMoRan from an “outperform” rating to a “neutral” rating in a research report on Friday, June 4th. UBS Group lifted their price objective on Freeport-McMoRan from $30.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, April 26th. Finally, Raymond James lifted their price objective on Freeport-McMoRan from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, June 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Freeport-McMoRan presently has a consensus rating of “Buy” and an average target price of $35.46. Read more …

 

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