Notable Analyst Upgrades and Downgrades for Week of August 9, 2021

 



Upgrades:

 


Brookfield Infrastructure (NASDAQ:BIPC) was upgraded by Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, The Fly reports.

Separately, Zacks Investment Research raised shares of Brookfield Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 27th.

Shares of BIPC opened at $63.28 on Monday. Brookfield Infrastructure has a fifty-two week low of $47.23 and a fifty-two week high of $80.60. The business’s 50 day simple moving average is $71.50. The stock has a market cap of $2.84 billion and a P/E ratio of 43.94. Read more …

 


Public Storage (NYSE:PSA) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, Price Targets.com reports. The brokerage presently has a $350.00 price target on the real estate investment trust’s stock. Raymond James’ price objective would suggest a potential upside of 12.98% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Citigroup lifted their target price on Public Storage from $296.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, July 1st. Truist lifted their target price on Public Storage from $269.00 to $290.00 and gave the company a “buy” rating in a report on Monday, May 17th. They noted that the move was a valuation call. Wolfe Research initiated coverage on Public Storage in a report on Monday, June 14th. They issued a “peer perform” rating and a $335.00 target price for the company. Wells Fargo & Company lifted their price target on Public Storage from $200.00 to $228.00 and gave the stock an “underweight” rating in a report on Wednesday, June 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Public Storage from $280.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, June 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $306.55. Read more …

 


The Wendy’s (NASDAQ:WEN) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report issued on Thursday, Analyst Price Targets reports. The firm presently has a $27.00 price objective on the restaurant operator’s stock, up from their previous price objective of $24.00. Evercore ISI’s target price indicates a potential upside of 14.60% from the company’s current price.

WEN has been the subject of several other reports. Stifel Nicolaus lowered The Wendy’s from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research note on Tuesday, June 8th. TheStreet upgraded The Wendy’s from a “c+” rating to a “b” rating in a research note on Friday, May 7th. Zacks Investment Research lowered The Wendy’s from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Wednesday, June 9th. Northland Securities upgraded The Wendy’s from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, June 14th. Finally, Royal Bank of Canada upped their target price on The Wendy’s from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Thursday, May 13th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $26.73. Read more …

 

 

 

Downgrades:

 


Manulife Financial (NYSE:MFC) (TSE:MFC) was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, Price Targets.com reports.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity increased their price target on shares of Manulife Financial from C$29.50 to C$30.00 and gave the stock a “buy” rating in a research report on Friday. Barclays raised shares of Manulife Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $31.00 in a research report on Monday, July 12th. Zacks Investment Research raised shares of Manulife Financial from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, April 13th. CIBC increased their price target on shares of Manulife Financial from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, May 7th. Finally, BMO Capital Markets increased their price target on shares of Manulife Financial from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.20. Read more …

 


Automatic Data Processing (NASDAQ:ADP) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, The Fly reports.

ADP has been the topic of a number of other reports. Morgan Stanley upped their target price on Automatic Data Processing from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 29th. Deutsche Bank Aktiengesellschaft increased their price objective on Automatic Data Processing from $192.00 to $210.00 and gave the company a “hold” rating in a research report on Thursday, July 29th. Barclays increased their price objective on Automatic Data Processing from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Monday, August 2nd. Jefferies Financial Group increased their price objective on Automatic Data Processing from $200.00 to $215.00 and gave the company a “hold” rating in a research report on Wednesday, July 28th. Finally, Mizuho increased their price objective on Automatic Data Processing from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $189.21. Read more …

 


L3Harris Technologies (NYSE:LHX) was downgraded by research analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other research firms have also commented on LHX. The Goldman Sachs Group reissued a "neutral" rating and issued a $208.00 target price on shares of L3Harris Technologies in a report on Wednesday, April 14th. Jefferies Financial Group lifted their target price on L3Harris Technologies from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, May 3rd. Raymond James lifted their target price on L3Harris Technologies from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, August 4th. TheStreet lowered L3Harris Technologies from a "b" rating to a "c" rating in a report on Friday, April 30th. Finally, Benchmark reissued a "hold" rating on shares of L3Harris Technologies in a report on Monday, May 3rd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. L3Harris Technologies has a consensus rating of "Buy" and a consensus target price of $233.77. Read more …

 

 


Visa (NYSE:V) was downgraded by investment analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a report issued on Thursday, Analyst Ratings Network reports. They presently have a $250.00 target price on the credit-card processor’s stock. Daiwa Capital Markets’ target price would suggest a potential upside of 7.59% from the company’s current price.

A number of other brokerages have also recently commented on V. Mizuho boosted their price objective on Visa from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. Truist Securities lifted their price objective on shares of Visa from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. BMO Capital Markets upped their target price on shares of Visa from $230.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, April 29th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Visa in a research note on Wednesday, May 5th. Finally, Susquehanna upped their price objective on shares of Visa from $265.00 to $290.00 and gave the company a “positive” rating in a research report on Wednesday, July 28th. One analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $268.62. Read more …

 


Mastercard (NYSE:MA) was downgraded by investment analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a report released on Thursday, Price Targets.com reports. They presently have a $385.00 price objective on the credit services provider’s stock. Daiwa Capital Markets’ price target suggests a potential upside of 6.61% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Macquarie lifted their target price on Mastercard from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 30th. Robert W. Baird reiterated a “buy” rating and set a $482.00 target price on shares of Mastercard in a research report on Sunday, August 1st. Wells Fargo & Company lifted their price target on shares of Mastercard from $430.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, July 30th. Barclays lifted their price target on shares of Mastercard from $452.00 to $455.00 and gave the company an “overweight” rating in a report on Monday, August 2nd. Finally, Morgan Stanley lifted their price target on shares of Mastercard from $444.00 to $451.00 and gave the company an “overweight” rating in a report on Friday, July 30th. Two equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $412.48. Read more …

 


Canadian Pacific Railway (NYSE:CP) (TSE:CP) was downgraded by investment analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Price Targets.com reports.

CP has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Canadian Pacific Railway from $73.60 to $81.00 and gave the company a “buy” rating in a research note on Monday, April 26th. Cowen dropped their target price on Canadian Pacific Railway from $108.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, July 29th. Zacks Investment Research downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Thursday, June 3rd. Wells Fargo & Company lifted their price target on Canadian Pacific Railway from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, July 9th. Finally, Raymond James cut their price objective on shares of Canadian Pacific Railway to C$100.00 and set an “outperform” rating on the stock in a research report on Monday, May 17th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Canadian Pacific Railway presently has a consensus rating of “Buy” and an average target price of $89.02. Read more …

 

 


Morgan Stanley (NYSE:MS) was downgraded by investment analysts at Seaport Global Securities from a "buy" rating to a "neutral" rating in a note issued to investors on Friday, The Fly reports. The analysts noted that the move was a valuation call.

Several other analysts also recently issued reports on the company. Argus boosted their price target on Morgan Stanley from $93.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 16th. Piper Sandler upped their target price on Morgan Stanley from $93.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, July 16th. Citigroup upped their target price on Morgan Stanley from $88.00 to $97.00 and gave the company a "neutral" rating in a research report on Monday, July 19th. They noted that the move was a valuation call. Bank of America upped their target price on Morgan Stanley from $92.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, June 4th. Finally, JPMorgan Chase & Co. upped their target price on Morgan Stanley from $85.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, June 16th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. The company has an average rating of "Buy" and a consensus price target of $95.74. Read more …

 

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