November 12, 2021

Notable Analyst Upgrades and Downgrades for Week of November 8 2021

 



Upgrades:

 


The J. M. Smucker (NYSE:SJM) was upgraded by investment analysts at Guggenheim from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Tuesday, The Fly reports.

SJM has been the topic of several other research reports. Zacks Investment Research lowered shares of The J. M. Smucker from a "buy" rating to a "hold" rating and set a $137.00 target price on the stock. in a report on Tuesday, July 27th. Morgan Stanley lowered their price objective on The J. M. Smucker from $126.00 to $117.00 and set an "underweight" rating for the company in a research report on Friday, August 27th. Jefferies Financial Group assumed coverage on shares of The J. M. Smucker in a research note on Thursday, August 26th. They issued a "hold" rating and a $140.00 target price on the stock. Credit Suisse Group cut their price target on shares of The J. M. Smucker from $130.00 to $125.00 and set a "neutral" rating on the stock in a report on Friday, August 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The J. M. Smucker from $140.00 to $132.00 and set a "hold" rating for the company in a report on Friday, August 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, The J. M. Smucker presently has a consensus rating of "Hold" and an average price target of $129.33. Read more …

 


Algonquin Power & Utilities (TSE:AQN) was upgraded by analysts at BMO Capital Markets to a “buy” rating in a report issued on Wednesday, TipRanks reports. The firm presently has a C$17.00 price objective on the stock. BMO Capital Markets’ target price indicates a potential downside of 5.24% from the company’s previous close.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on Algonquin Power & Utilities from C$20.00 to C$21.00 and gave the stock a “strong-buy” rating in a report on Monday, August 23rd. CSFB set a C$16.00 price target on Algonquin Power & Utilities and gave the stock a “neutral” rating in a report on Wednesday, October 27th. CIBC boosted their target price on Algonquin Power & Utilities to C$22.00 and gave the company an “outperform” rating in a report on Monday, August 16th. Royal Bank of Canada reissued an “outperform” rating and issued a C$18.00 target price on shares of Algonquin Power & Utilities in a report on Monday, August 16th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a C$16.00 target price on shares of Algonquin Power & Utilities in a report on Wednesday, October 27th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$18.19. Read more …

 


Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by research analysts at Desjardins to a “buy” rating in a research note issued to investors on Wednesday, TipRanks reports. The firm currently has a C$145.00 target price on the bank’s stock. Desjardins’ target price would suggest a potential upside of 4.17% from the company’s current price. Desjardins also issued estimates for Bank of Montreal’s Q4 2021 earnings at $3.10 EPS, FY2021 earnings at $12.72 EPS, FY2021 earnings at $12.72 EPS and FY2023 earnings at $13.10 EPS.

Other equities analysts have also issued reports about the stock. National Bankshares increased their price objective on shares of Bank of Montreal from C$139.00 to C$149.00 and gave the company an “outperform” rating in a report on Wednesday, August 25th. Barclays upgraded shares of Bank of Montreal from an “underperform” rating to an “equal weight” rating and set a C$83.00 price objective on the stock in a report on Tuesday, September 7th. National Bank Financial increased their price objective on shares of Bank of Montreal to C$149.00 and gave the company an “outperform” rating in a report on Wednesday, August 25th. CSFB increased their price objective on shares of Bank of Montreal from C$144.00 to C$147.00 in a report on Wednesday, September 1st. Finally, Cormark upped their target price on shares of Bank of Montreal from C$138.00 to C$144.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$138.66. Read more …

 

 


Costco Wholesale (NASDAQ:COST) was upgraded by investment analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating in a note issued to investors on Thursday, PriceTargets.com reports. The firm currently has a $575.00 price objective on the retailer’s stock, up from their prior price objective of $525.00. Gordon Haskett’s target price points to a potential upside of 12.85% from the stock’s previous close.

A number of other research firms have also recently weighed in on COST. Evercore ISI raised their price objective on Costco Wholesale from $480.00 to $525.00 and gave the stock an “outperform” rating in a research report on Thursday, November 4th. Oppenheimer raised their target price on Costco Wholesale from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. They noted that the move was a valuation call. Tigress Financial restated a “buy” rating and issued a $520.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 29th. Jefferies Financial Group raised their target price on Costco Wholesale from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Thursday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Costco Wholesale from $468.00 to $472.00 and gave the stock a “hold” rating in a research note on Thursday, November 4th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Buy” and an average price target of $496.23. Read more …

 


Pfizer (NYSE:PFE) was upgraded by research analysts at Independent Research to a “buy” rating in a research note issued on Thursday, TipRanks reports. The firm currently has a $53.00 price target on the biopharmaceutical company’s stock. Independent Research’s price objective suggests a potential upside of 5.51% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Barclays set a $44.00 target price on shares of Pfizer in a research report on Wednesday, November 3rd. Mizuho reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Pfizer in a report on Sunday, October 3rd. The Goldman Sachs Group set a $48.00 price objective on shares of Pfizer in a report on Thursday, July 29th. Truist assumed coverage on shares of Pfizer in a report on Tuesday, July 27th. They issued a “buy” rating and a $43.00 price objective for the company. Finally, Royal Bank of Canada set a $44.00 price objective on shares of Pfizer in a report on Thursday, July 29th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.31. Read more …

 


Tractor Supply (NASDAQ:TSCO) was upgraded by stock analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating in a research note issued to investors on Thursday, Price Targets.com reports. The brokerage presently has a $240.00 price objective on the specialty retailer’s stock, up from their prior price objective of $220.00. Gordon Haskett’s price objective indicates a potential upside of 9.99% from the stock’s current price.

TSCO has been the subject of a number of other reports. Telsey Advisory Group increased their target price on Tractor Supply from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, October 22nd. Credit Suisse Group upped their price target on Tractor Supply from $190.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, October 22nd. Wells Fargo & Company upped their price target on Tractor Supply from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, October 15th. Morgan Stanley upped their price target on Tractor Supply from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, October 22nd. Finally, Robert W. Baird upped their price target on Tractor Supply from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, October 22nd. Ten research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $216.59. Read more …

 

 


The TJX Companies (NYSE:TJX) was upgraded by investment analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Analyst Price Targets reports. The brokerage presently has a $84.00 price target on the apparel and home fashions retailer’s stock, up from their previous price target of $73.00. Gordon Haskett’s price target points to a potential upside of 21.62% from the stock’s current price.

Several other equities research analysts also recently issued reports on TJX. MKM Partners increased their target price on The TJX Companies from $79.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, August 20th. Zacks Investment Research upgraded The TJX Companies from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Wednesday, July 21st. Argus reiterated a “buy” rating and issued a $86.00 price objective (up previously from $78.00) on shares of The TJX Companies in a research report on Wednesday, August 25th. Citigroup increased their price objective on The TJX Companies from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, August 19th. Finally, Telsey Advisory Group increased their price objective on The TJX Companies from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, August 19th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, The TJX Companies currently has an average rating of “Buy” and an average price target of $79.53. Read more …

 


Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) was upgraded by Veritas Investment Research from a “reduce” rating to a “buy” rating in a research report issued on Friday, BayStreet.CA reports.

Other analysts also recently issued reports about the company. CSFB reduced their price target on Bank of Nova Scotia from C$85.00 to C$84.00 in a research note on Wednesday, August 25th. CIBC reissued a “buy” rating and set a C$90.00 price target on shares of Bank of Nova Scotia in a report on Monday, October 4th. TD Securities lowered their target price on Bank of Nova Scotia from C$90.00 to C$87.00 and set a “buy” rating for the company in a report on Wednesday, August 25th. National Bank Financial upped their target price on Bank of Nova Scotia to C$86.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 25th. Finally, Credit Suisse Group increased their price target on Bank of Nova Scotia to C$84.00 and gave the stock an “outpeform” rating in a report on Wednesday, August 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$86.44. Read more …

 

 

Downgrades:

 


TC Energy (NYSE:TRP) (TSE:TRP) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday, The Fly reports.

Several other research firms also recently issued reports on TRP. The Goldman Sachs Group downgraded shares of TC Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $63.00 in a report on Monday, September 13th. Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a $76.00 price target on the stock. in a research note on Tuesday, July 20th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a C$68.00 price target on shares of TC Energy in a research note on Monday, August 23rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, TC Energy has an average rating of “Hold” and a consensus target price of $69.00.

Shares of TC Energy stock opened at $51.45 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 1.56. TC Energy has a 12-month low of $38.80 and a 12-month high of $55.34. The firm has a market capitalization of $50.38 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.61 and a beta of 0.78. The firm’s 50 day simple moving average is $50.65 and its two-hundred day simple moving average is $50.06. Read more …

 

 


Nucor (NYSE:NUE) was downgraded by Citigroup from a "buy" rating to a "neutral" rating in a research note issued on Tuesday, The Fly reports.

A number of other equities analysts have also recently issued reports on NUE. Credit Suisse Group reiterated a "buy" rating and issued a $142.00 target price on shares of Nucor in a report on Friday, September 17th. Morgan Stanley boosted their target price on shares of Nucor from $105.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 26th. Seaport Res Ptn reaffirmed a "buy" rating on shares of Nucor in a research report on Monday, August 23rd. Argus boosted their price objective on Nucor from $110.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, August 24th. Finally, Seaport Global Securities started coverage on Nucor in a research note on Monday, August 23rd. They issued a "buy" rating and a $130.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $113.70.

NUE opened at $116.24 on Tuesday. The company has a fifty day moving average price of $105.69 and a two-hundred day moving average price of $103.04. Nucor has a 1-year low of $47.94 and a 1-year high of $128.81. The company has a market cap of $34.14 billion, a P/E ratio of 6.95 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.34 and a debt-to-equity ratio of 0.35. Read more …

 


ConocoPhillips (NYSE:COP) was downgraded by stock analysts at Societe Generale from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday, The Fly reports. They currently have a $77.00 price target on the energy producer's stock. Societe Generale's price target would indicate a potential upside of 1.65% from the stock's previous close.

A number of other equities research analysts also recently commented on COP. KeyCorp lifted their target price on ConocoPhillips from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, October 14th. Raymond James lifted their target price on ConocoPhillips from $90.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Tuesday, October 26th. Truist Securities lifted their target price on ConocoPhillips from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 7th. Wells Fargo & Company boosted their price target on ConocoPhillips from $82.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, November 3rd. Finally, TheStreet raised ConocoPhillips from a "c" rating to a "b" rating in a report on Tuesday, August 3rd. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $78.58.

COP stock opened at $75.75 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.93 and a quick ratio of 1.83. The business has a 50-day moving average price of $67.77 and a 200 day moving average price of $60.79. The company has a market capitalization of $99.91 billion, a P/E ratio of 22.54, a PEG ratio of 0.89 and a beta of 1.62. ConocoPhillips has a 1-year low of $33.59 and a 1-year high of $77.98. Read more …

 


The Walt Disney (NYSE:DIS) was downgraded by investment analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports.

A number of other research analysts also recently issued reports on the stock. Evercore ISI reiterated a “buy” rating and issued a $210.00 price target on shares of The Walt Disney in a research note on Wednesday, September 22nd. BMO Capital Markets lifted their target price on shares of The Walt Disney from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, August 13th. The Goldman Sachs Group lifted their target price on shares of The Walt Disney from $215.00 to $218.00 and gave the company a “buy” rating in a report on Friday, August 13th. Royal Bank of Canada boosted their price objective on shares of The Walt Disney from $202.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, August 13th. Finally, Wells Fargo & Company dropped their price objective on shares of The Walt Disney from $216.00 to $203.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 28th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, The Walt Disney has an average rating of “Buy” and a consensus price target of $207.69. Read more …

 

 


Huntington Ingalls Industries (NYSE:HII) was downgraded by Bank of America from a "buy" rating to a "neutral" rating in a report issued on Thursday, The Fly reports.

Separately, Barclays decreased their price objective on shares of Huntington Ingalls Industries from $230.00 to $212.00 and set an "equal weight" rating for the company in a research report on Monday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $198.00.

NYSE:HII opened at $193.82 on Thursday. The stock has a market capitalization of $7.78 billion, a P/E ratio of 11.62 and a beta of 1.02. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.08 and a current ratio of 1.14. The company's 50-day simple moving average is $200.67 and its 200-day simple moving average is $206.74. Huntington Ingalls Industries has a fifty-two week low of $156.06 and a fifty-two week high of $224.13. Read more …

 


Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) was downgraded by investment analysts at The Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.

Several other equities analysts also recently weighed in on the company. Scotiabank increased their target price on Brookfield Asset Management from $62.50 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, August 16th. Credit Suisse Group upped their price target on Brookfield Asset Management from $54.00 to $63.00 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets upped their price target on Brookfield Asset Management from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Friday, August 13th. Zacks Investment Research lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, October 15th. Finally, Royal Bank of Canada restated a “buy” rating and set a $83.00 price target on shares of Brookfield Asset Management in a research note on Tuesday, September 21st. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Asset Management has a consensus rating of “Buy” and a consensus price target of $63.70. Read more …

 


NVIDIA (NASDAQ:NVDA) was downgraded by equities research analysts at Wedbush from an "outperform" rating to a "neutral" rating in a research note issued to investors on Friday, The Fly reports. The analysts noted that the move was a valuation call.

Several other equities research analysts also recently commented on NVDA. Bank of America boosted their target price on NVIDIA from $275.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday. Oppenheimer upped their price target on NVIDIA from $235.00 to $350.00 and gave the company an "outperform" rating in a report on Thursday. Barclays upped their price target on NVIDIA from $205.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, August 19th. KeyCorp increased their target price on NVIDIA from $245.00 to $260.00 and gave the company an "overweight" rating in a report on Tuesday, October 5th. Finally, Rosenblatt Securities increased their target price on NVIDIA from $250.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, August 19th. Three analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and a consensus target price of $244.55.

NASDAQ:NVDA opened at $303.90 on Friday. The business has a 50 day moving average of $232.54 and a 200 day moving average of $200.25. The company has a market capitalization of $757.32 billion, a price-to-earnings ratio of 108.34, a PEG ratio of 4.36 and a beta of 1.45. NVIDIA has a 1-year low of $115.67 and a 1-year high of $323.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.80 and a quick ratio of 5.33. Read more …

 

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