Notable Analyst Upgrades and Downgrades for Week of October 4, 2021



 

Upgrades:

 


DuPont de Nemours (NYSE:DD) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Monday, PriceTargets.com reports. The firm currently has a $85.00 price target on the basic materials company's stock, up from their previous price target of $84.00. JPMorgan Chase & Co.'s price objective suggests a potential upside of 22.96% from the stock's current price. The analysts noted that the move was a valuation call.

Several other research firms have also issued reports on DD. Citigroup increased their price target on shares of DuPont de Nemours from $96.00 to $102.00 and gave the stock a "buy" rating in a research report on Wednesday, August 4th. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 13th. Zacks Investment Research lowered shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating and set a $83.00 price target on the stock. in a research report on Thursday, July 15th. KeyCorp reiterated a "buy" rating and set a $93.00 price target on shares of DuPont de Nemours in a research report on Thursday, September 16th. Finally, TheStreet upgraded shares of DuPont de Nemours from a "d+" rating to a "c" rating in a research report on Tuesday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $88.59. Read more …

 


Union Pacific (NYSE:UNP) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, The Fly reports. The brokerage presently has a $260.00 price target on the railroad operator’s stock, up from their prior price target of $240.00. Barclays‘s price target indicates a potential upside of 28.88% from the company’s current price.

UNP has been the subject of a number of other reports. Evercore ISI restated a “buy” rating and issued a $228.00 target price on shares of Union Pacific in a research note on Friday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Union Pacific from $256.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, September 17th. Wells Fargo & Company upped their price target on Union Pacific from $226.00 to $231.00 and gave the company an “equal weight” rating in a research report on Friday, July 9th. Royal Bank of Canada upped their price target on Union Pacific from $259.00 to $261.00 and gave the company an “outperform” rating in a research report on Friday, July 23rd. Finally, Atlantic Securities assumed coverage on Union Pacific in a research report on Monday, July 12th. They issued an “overweight” rating and a $263.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Buy” and an average target price of $243.82. Read more …

 


Freeport-McMoRan (NYSE:FCX) was upgraded by equities researchers at BNP Paribas from a "neutral" rating to an "outperform" rating in a report released on Wednesday, FinViz reports. The brokerage presently has a $39.50 price objective on the natural resource company's stock. BNP Paribas' price objective points to a potential upside of 22.67% from the stock's previous close.

Several other brokerages have also recently weighed in on FCX. Royal Bank of Canada lifted their price objective on shares of Freeport-McMoRan from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Friday, July 23rd. Bank of America assumed coverage on Freeport-McMoRan in a report on Wednesday, September 29th. They set a "buy" rating on the stock. Credit Suisse Group downgraded Freeport-McMoRan from a "neutral" rating to an "underperform" rating and set a $29.00 target price on the stock. in a research report on Friday, September 10th. Zacks Investment Research downgraded Freeport-McMoRan from a "hold" rating to a "sell" rating and set a $37.00 price target for the company. in a research note on Thursday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Freeport-McMoRan from $47.00 to $46.00 and set a "buy" rating on the stock in a research note on Thursday, September 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $38.37. Read more …

 

 


Phillips 66 (NYSE:PSX) was upgraded by Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday, FinViz reports. The brokerage presently has a $87.00 price target on the oil and gas company’s stock, up from their previous price target of $85.00. Piper Sandler’s price objective indicates a potential upside of 12.48% from the stock’s current price.

PSX has been the topic of several other research reports. decreased 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. Morgan Stanley started coverage on Phillips 66 in a research report on Tuesday, September 7th. They set an “equal weight” rating and a $80.00 target price on the stock. cut their price objective on Phillips 66 from $126.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 9th. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $96.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, June 24th. Finally, Citigroup cut shares of Phillips 66 from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $75.00 in a report on Thursday, August 26th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $84.31. Read more …

 


Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by equities researchers at TD Securities from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday, PriceTargets.com reports.

Several other equities research analysts have also issued reports on TRI. Royal Bank of Canada lifted their price target on Thomson Reuters from $112.00 to $118.00 and gave the company an "outperform" rating in a report on Friday, August 6th. Zacks Investment Research upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Tuesday, August 10th. Canaccord Genuity cut Thomson Reuters from a "buy" rating to a "hold" rating and boosted their price target for the stock from $102.00 to $108.00 in a research note on Friday, August 6th. National Bank Financial lifted their price objective on Thomson Reuters from C$145.00 to C$162.00 and gave the stock a "sector perform" rating in a research note on Thursday, September 2nd. Finally, Morgan Stanley boosted their price target on Thomson Reuters from $105.00 to $106.00 and gave the company an "equal weight" rating in a research note on Thursday, September 23rd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $123.40. Read more …

 


AT&T (NYSE:T) was upgraded by Moffett Nathanson from a "sell" rating to a "neutral" rating in a research note issued to investors on Thursday, Briefing.com reports. The brokerage currently has a $28.00 price target on the technology company's stock, up from their previous price target of $23.00. Moffett Nathanson's price objective would indicate a potential upside of 2.53% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. Citigroup dropped their price target on AT&T from $34.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, August 31st. Argus lowered AT&T from a "buy" rating to a "hold" rating and set a $28.09 price objective on the stock. in a report on Tuesday, July 27th. Morgan Stanley lowered AT&T to an "equal weight" rating and set a $29.00 price objective on the stock. in a report on Friday, July 16th. Deutsche Bank Aktiengesellschaft upped their price objective on AT&T from $34.00 to $37.00 and gave the company a "buy" rating in a report on Monday, July 26th. Finally, Redburn Partners assumed coverage on AT&T in a report on Friday, June 25th. They set a "sell" rating and a $23.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $30.90. Read more …

 

 


Hormel Foods (NYSE:HRL) was upgraded by equities researchers at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a report released on Friday, The Fly reports. The brokerage presently has a $42.00 price target on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 1.60% from the company's current price.

HRL has been the topic of several other research reports. Credit Suisse Group decreased their price objective on Hormel Foods from $45.00 to $42.00 and set a "neutral" rating on the stock in a report on Tuesday, September 7th. TheStreet lowered Hormel Foods from a "b" rating to a "c+" rating in a research report on Tuesday, September 7th. Finally, Barclays cut their price objective on Hormel Foods from $48.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, September 3rd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.20. Read more …

 

 

Downgrades:

 


Tractor Supply (NASDAQ:TSCO) was downgraded by stock analysts at Bank of America from a "buy" rating to a "neutral" rating in a research note issued to investors on Monday, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. Telsey Advisory Group lifted their target price on Tractor Supply from $205.00 to $213.00 and gave the stock an "outperform" rating in a report on Friday, July 16th. Morgan Stanley lifted their price target on Tractor Supply from $190.00 to $195.00 and gave the company an "equal weight" rating in a report on Tuesday, July 20th. Northcoast Research upgraded Tractor Supply from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a report on Thursday, July 1st. Credit Suisse Group lifted their price objective on Tractor Supply from $180.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, July 20th. Finally, Benchmark began coverage on Tractor Supply in a research report on Tuesday, August 3rd. They set a "buy" rating and a $219.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $193.73. Read more …

 

 


3M (NYSE:MMM) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Monday, Price Targets.com reports. They currently have a $210.00 target price on the conglomerate’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 18.86% from the company’s previous close.

A number of other brokerages have also recently commented on MMM. UBS Group dropped their price target on shares of 3M from $183.00 to $172.00 and set a “sell” rating on the stock in a research note on Friday, September 17th. Zacks Investment Research upgraded 3M from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Friday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on 3M from $196.00 to $201.00 and gave the stock a “hold” rating in a research note on Wednesday, July 28th. Morgan Stanley raised their target price on 3M from $200.00 to $213.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 28th. Finally, Credit Suisse Group downgraded 3M from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $210.00 to $212.00 in a research note on Tuesday, July 6th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, 3M has an average rating of “Hold” and an average price target of $197.23. Read more …

 


Digital Realty Trust (NYSE:DLR) was downgraded by stock analysts at Credit Suisse Group from an "outperform" rating to a "neutral" rating in a research note issued on Tuesday, The Fly reports.

Other equities analysts have also issued research reports about the stock. Barclays upped their target price on shares of Digital Realty Trust from $177.00 to $178.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 25th. Zacks Investment Research lowered shares of Digital Realty Trust from a "buy" rating to a "hold" rating and set a $167.00 price objective for the company. in a research report on Thursday, July 15th. Citigroup increased their price objective on shares of Digital Realty Trust from $160.00 to $179.00 and gave the company a "buy" rating in a research report on Thursday, August 19th. TD Securities reiterated a "buy" rating and set a $180.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Digital Realty Trust from $167.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, August 3rd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $167.64. Read more …

 


Paychex (NASDAQ:PAYX) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Price Targets.com reports. They presently have a $125.00 price objective on the business services provider’s stock, up from their previous price objective of $121.00. Citigroup’s price objective would suggest a potential upside of 9.94% from the stock’s previous close.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their price target on Paychex from $105.00 to $111.00 and gave the company an “underweight” rating in a report on Tuesday, August 17th. Wolfe Research raised their price objective on Paychex from $94.00 to $105.00 and gave the company an “underperform” rating in a research report on Friday, July 2nd. Robert W. Baird raised their price target on Paychex from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday. Barclays boosted their price objective on Paychex from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Morgan Stanley boosted their price objective on Paychex from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday. Three research 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. According to data from MarketBeat, Paychex presently has an average rating of “Hold” and a consensus target price of $109.83. Read more …

 

 


Nucor (NYSE:NUE) was downgraded by analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, FinViz reports. They currently have a $108.00 target price on the basic materials company’s stock, down from their previous target price of $123.00. The Goldman Sachs Group’s target price would suggest a potential upside of 9.42% from the company’s previous close.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nucor from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, September 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. started coverage on Nucor in a research report on Wednesday, June 16th. They issued a “neutral” rating and a $114.00 target price for the company. Morgan Stanley lifted their price target on Nucor from $95.00 to $101.00 and gave the company an “equal weight” rating in a research report on Monday, June 14th. Credit Suisse Group reiterated a “buy” rating and set a $142.00 target price on shares of Nucor in a research note on Friday, September 17th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Nucor in a research note on Monday, August 23rd. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $102.25. Read more …

 


Atmos Energy (NYSE:ATO) was downgraded by equities researchers at Argus from a “buy” rating to a “hold” rating in a report released on Thursday, The Fly reports.

Other analysts have also recently issued research reports about the stock. TheStreet cut shares of Atmos Energy from a “b” rating to a “c+” rating in a research note on Tuesday, September 7th. Morgan Stanley reduced their price objective on shares of Atmos Energy from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Friday, September 17th. Zacks Investment Research upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Monday, September 6th. Wells Fargo & Company dropped their target price on shares of Atmos Energy from $121.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, June 24th. Finally, Mizuho boosted their target price on shares of Atmos Energy from $109.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Atmos Energy has a consensus rating of “Buy” and a consensus price target of $112.25. Read more …

 


Bank of America (NYSE:BAC) was downgraded by stock analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research report issued on Thursday, The Fly reports.

Several other equities research analysts also recently weighed in on BAC. Evercore ISI reaffirmed a "buy" rating and issued a $43.00 price objective on shares of Bank of America in a report on Friday, July 2nd. Keefe, Bruyette & Woods began coverage on shares of Bank of America in a report on Wednesday, July 7th. They issued a "market perform" rating and a $43.87 price target for the company. Royal Bank of Canada set a $37.69 price objective on shares of Bank of America and gave the company a "buy" rating in a research note on Wednesday, July 21st. Credit Suisse Group upped their price objective on shares of Bank of America from $46.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, July 16th. Finally, Odeon Capital Group raised shares of Bank of America from a "hold" rating to a "buy" rating and set a $46.50 price objective for the company in a research note on Monday, September 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $40.42. Read more …

 

 


Pinnacle West Capital (NYSE:PNW) was downgraded by analysts at Guggenheim from a “buy” rating to a “sell” rating in a report released on Thursday, Price Targets.com reports. They presently have a $58.00 price target on the utilities provider’s stock, down from their prior price target of $97.00. Guggenheim’s price objective would suggest a potential downside of 16.57% from the stock’s current price.

Several other analysts have also commented on PNW. Morgan Stanley cut their price objective on Pinnacle West Capital from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, September 17th. KeyCorp lowered Pinnacle West Capital from a “sector weight” rating to an “underweight” rating and set a $72.00 price objective for the company. in a report on Wednesday, August 4th. Mizuho lifted their price objective on Pinnacle West Capital from $79.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, July 19th. The Goldman Sachs Group lowered Pinnacle West Capital from a “neutral” rating to a “sell” rating and cut their price target for the company from $85.00 to $73.00 in a report on Thursday, August 19th. Finally, Wells Fargo & Company cut their price target on Pinnacle West Capital from $80.00 to $76.00 and set an “equal weight” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pinnacle West Capital currently has a consensus rating of “Hold” and an average target price of $79.32. Read more …

 


Fastenal (NASDAQ:FAST) was downgraded by stock analysts at Wells Fargo & Company from an "equal weight" rating to an "underweight" rating in a research note issued on Friday, The Fly reports.

Several other equities analysts have also recently commented on the stock. Robert W. Baird boosted their target price on shares of Fastenal from $54.00 to $58.00 and gave the company an "outperform" rating in a research report on Wednesday, July 14th. Stephens boosted their target price on shares of Fastenal from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, August 23rd. Morgan Stanley lowered shares of Fastenal from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $53.00 to $48.00 in a report on Tuesday, June 15th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Fastenal from a "hold" rating to a "buy" rating and set a $57.00 target price on the stock in a report on Tuesday, September 28th. Finally, Loop Capital began coverage on shares of Fastenal in a research note on Tuesday, August 3rd. They issued a "hold" rating and a $52.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $54.71. Read more …

 


The Home Depot (NYSE:HD) was downgraded by analysts at Loop Capital from a "buy" rating to a "hold" rating in a report released on Friday, The Fly reports.

HD has been the topic of several other reports. OTR Global lowered shares of The Home Depot to a "positive" rating in a report on Tuesday, August 10th. Wells Fargo & Company increased their target price on shares of The Home Depot from $360.00 to $365.00 and gave the stock an "overweight" rating in a report on Thursday, September 30th. Raymond James increased their target price on shares of The Home Depot from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Monday, August 16th. DA Davidson reiterated a "neutral" rating on shares of The Home Depot in a report on Wednesday, August 18th. Finally, Jefferies Financial Group cut their target price on shares of The Home Depot from $380.00 to $369.00 and set a "buy" rating on the stock in a report on Wednesday, August 18th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, The Home Depot currently has a consensus rating of "Buy" and a consensus target price of $345.00. Read more …

 

 


Lowe’s Companies (NYSE:LOW) was downgraded by equities researchers at Loop Capital from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

Other analysts have also recently issued reports about the company. Wedbush cut Lowe’s Companies from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $225.00 to $210.00 in a report on Monday, July 26th. TheStreet cut shares of Lowe’s Companies from a “b” rating to a “c+” rating in a research report on Wednesday, August 18th. DA Davidson reiterated a “buy” rating on shares of Lowe’s Companies in a report on Thursday, August 19th. Morgan Stanley raised their price target on shares of Lowe’s Companies from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, August 31st. Finally, OTR Global cut Lowe’s Companies to a “positive” rating in a report on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $221.71. Read more …

 

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