Notable Analyst Upgrades and Downgrades for Week of August 23, 2021

 



Upgrades:

 


Best Buy (NYSE:BBY) was upgraded by equities research analysts at Bank of America to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Several other analysts also recently weighed in on the company. upgraded Best Buy to a “buy” rating and upped their price objective for the stock from $86.00 to $109.00 in a research report on Friday, May 28th. Barclays upped their target price on Best Buy from $121.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, May 28th. Zacks Investment Research raised Best Buy from a “sell” rating to a “hold” rating and set a $125.00 target price for the company in a report on Wednesday, April 28th. Piper Sandler upped their target price on Best Buy from $140.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, May 28th. Finally, Telsey Advisory Group upped their target price on Best Buy from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $122.65. Read more …

 


DICK’S Sporting Goods (NYSE:DKS) was upgraded by Raymond James from an “underperform” rating to a “market perform” rating in a report released on Thursday, Price Targets.com reports.

A number of other equities research analysts have also issued reports on DKS. Argus upped their target price on shares of DICK’S Sporting Goods from $92.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, June 7th. Barclays upped their target price on shares of DICK’S Sporting Goods from $86.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, May 27th. Cowen upped their target price on shares of DICK’S Sporting Goods to $150.00 and gave the company an “outperform” rating in a research note on Friday, August 20th. Robert W. Baird increased their price objective on shares of DICK’S Sporting Goods from $100.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Credit Suisse Group increased their price objective on shares of DICK’S Sporting Goods from $72.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, May 27th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $112.10. Read more …

 


Ventas (NYSE:VTR) was upgraded by equities research analysts at BMO Capital Markets from an "underperform" rating to a "market perform" rating in a report issued on Thursday, The Fly reports. The brokerage presently has a $60.00 price target on the real estate investment trust's stock. BMO Capital Markets' target price indicates a potential upside of 8.83% from the stock's current price.

Other research analysts have also issued reports about the company. Raymond James raised their target price on Ventas from $61.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Ventas from $50.00 to $61.00 and gave the stock a "hold" rating in a research note on Thursday, June 3rd. Mizuho reissued a "neutral" rating and issued a $45.00 price target on shares of Ventas in a research note on Wednesday, July 14th. Wolfe Research began coverage on Ventas in a research report on Monday, June 14th. They issued an "outperform" rating and a $71.00 target price for the company. Finally, Scotiabank upped their price target on Ventas from $61.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 1st. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ventas presently has an average rating of "Hold" and an average price target of $57.56. Read more …

 

 


Welltower (NYSE:WELL) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, The Fly reports. The brokerage presently has a $100.00 target price on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential upside of 17.80% from the company’s current price.

A number of other research firms also recently weighed in on WELL. Wolfe Research started coverage on Welltower in a research note on Monday, June 14th. They issued an “outperform” rating and a $94.00 price target on the stock. Evercore ISI raised shares of Welltower from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $77.00 to $86.00 in a research note on Monday, June 14th. KeyCorp boosted their price objective on shares of Welltower from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, August 11th. Raymond James increased their target price on shares of Welltower from $92.00 to $95.00 and gave the company a “strong-buy” rating in a report on Thursday, July 1st. Finally, Capital One Financial raised Welltower from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 21st. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $80.52. Read more …

 

 

Downgrades:

 


Cummins (NYSE:CMI) was downgraded by investment analysts at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a note issued to investors on Tuesday, The Fly reports.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Cummins from a "buy" rating to a "hold" rating and set a $251.00 price objective for the company. in a report on Thursday, July 15th. BMO Capital Markets increased their price objective on shares of Cummins from $235.00 to $270.00 and gave the company a "market perform" rating in a report on Thursday, May 6th. Credit Suisse Group increased their price objective on shares of Cummins from $300.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, August 4th. Morgan Stanley decreased their price objective on shares of Cummins from $271.00 to $264.00 and set an "equal weight" rating for the company in a report on Monday, August 9th. Finally, Cowen upgraded shares of Cummins from a "market perform" rating to an "outperform" rating and set a $284.00 target price for the company in a report on Friday, July 16th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of "Buy" and a consensus price target of $281.39. Read more …

 


Campbell Soup (NYSE:CPB) was downgraded by investment analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research note issued on Tuesday, The Fly reports.

Several other equities research analysts have also recently issued reports on the company. Morgan Stanley cut their target price on Campbell Soup from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, June 10th. Jefferies Financial Group cut Campbell Soup from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a research note on Monday, May 24th. Zacks Investment Research raised Campbell Soup from a “strong sell” rating to a “hold” rating and set a $45.00 target price for the company in a research note on Tuesday, August 10th. Credit Suisse Group cut their target price on Campbell Soup from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, June 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Campbell Soup from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating, Campbell Soup currently has a consensus rating of “Hold” and a consensus price target of $50.11. Read more …

 

 


Pentair (NYSE:PNR) was downgraded by stock analysts at JPMorgan Chase & Co. from an "overweight" rating to an "underweight" rating in a research report issued to clients and investors on Thursday, Price Targets.com reports. They currently have a $65.00 price objective on the industrial products company's stock. JPMorgan Chase & Co.'s price objective points to a potential downside of 17.77% from the company's previous close. The analysts noted that the move was a valuation call.

PNR has been the subject of several other reports. Rosenblatt Securities lifted their price target on Pentair from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, July 28th. Citigroup lifted their price target on Pentair from $81.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, July 28th. Boenning Scattergood started coverage on Pentair in a report on Tuesday, July 13th. They set an "outperform" rating and a $100.00 price target for the company. Oppenheimer upped their price objective on shares of Pentair from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 28th. Finally, Royal Bank of Canada upped their target price on Pentair from $70.00 to $71.00 and gave the stock a "sector perform" rating in a report on Friday, June 11th. Four analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Pentair has an average rating of "Hold" and an average price target of $72.93. Read more …

 


Phillips 66 (NYSE:PSX) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Thursday, The Fly reports. They presently have a $75.00 target price on the oil and gas company’s stock, down from their prior target price of $95.00. Citigroup’s target price indicates a potential upside of 3.91% from the stock’s previous close.

A number of other research analysts also recently weighed in on PSX. Piper Sandler upped their price target on Phillips 66 from $89.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, July 23rd. They noted that the move was a valuation call. Wells Fargo & Company upped their price target on Phillips 66 from $96.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, June 24th. Royal Bank of Canada upped their price target on Phillips 66 from $85.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, May 3rd. dropped their price target on Phillips 66 from $126.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, July 9th. Finally, Mizuho upped their price target on Phillips 66 from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 17th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $86.19. Read more …

 


Yum! Brands (NYSE:YUM) was downgraded by stock analysts at Citigroup from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, Price Targets.com reports.

Several other analysts have also weighed in on YUM. BMO Capital Markets raised their price objective on shares of Yum! Brands from $120.00 to $138.00 and gave the stock a “market perform” rating in a report on Friday, July 30th. Credit Suisse Group boosted their price objective on Yum! Brands from $108.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, April 29th. They noted that the move was a valuation call. Oppenheimer cut Yum! Brands from an “outperform” rating to a “market perform” rating in a report on Thursday. Barclays lifted their price target on Yum! Brands from $115.00 to $121.00 and gave the company an “equal weight” rating in a report on Tuesday, June 1st. Finally, Robert W. Baird raised their price objective on shares of Yum! Brands from $130.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $126.15. Read more …

 

 


Omega Healthcare Investors (NYSE:OHI) was downgraded by investment analysts at Bank of America from a "buy" rating to a "neutral" rating in a research report issued on Thursday, The Fly reports. They currently have a $33.00 price target on the real estate investment trust's stock, down from their previous price target of $37.00. Bank of America's price target would indicate a potential downside of 1.49% from the stock's current price.

A number of other research analysts have also recently issued reports on OHI. Scotiabank cut Omega Healthcare Investors from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the company from $41.00 to $39.00 in a report on Thursday, June 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded Omega Healthcare Investors from a "sell" rating to a "hold" rating in a research note on Wednesday, August 18th. Wells Fargo & Company raised their target price on Omega Healthcare Investors from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, July 23rd. Capital One Financial lowered Omega Healthcare Investors from an "overweight" rating to an "equal weight" rating and set a $38.00 target price for the company. in a research note on Wednesday, August 4th. Finally, Mizuho restated a "neutral" rating and issued a $39.00 target price on shares of Omega Healthcare Investors in a research note on Wednesday, July 14th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of "Hold" and a consensus price target of $38.69. Read more …

 

Comments