Notable Analyst Upgrades and Downgrades for Week of November 15 2021

 



Upgrades:

 


Chevron (NYSE:CVX) was upgraded by research analysts at UBS Group from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, The Fly reports.

CVX has been the topic of several other research reports. JPMorgan Chase & Co. cut Chevron from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $128.00 to $111.00 in a research note on Wednesday, September 15th. Wells Fargo & Company increased their price objective on Chevron from $109.00 to $115.00 and gave the stock an "equal weight" rating in a report on Monday, November 1st. Piper Sandler increased their price target on Chevron from $126.00 to $137.00 and gave the company an "overweight" rating in a research note on Friday, July 23rd. They noted that the move was a valuation call. Raymond James increased their price target on Chevron from $134.00 to $137.00 and gave the company an "outperform" rating in a research note on Monday, November 1st. Finally, Redburn Partners raised Chevron from a "neutral" rating to a "buy" rating in a research note on Thursday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $120.24.

Shares of CVX opened at $114.23 on Monday. The company has a market capitalization of $220.20 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.51 and a beta of 1.30. Chevron has a one year low of $81.03 and a one year high of $116.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.03 and a current ratio of 1.28. The stock has a 50-day moving average price of $106.25 and a 200 day moving average price of $104.42. Read more …

 


Royal Dutch Shell (OTCMKTS:RDS-A) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report issued on Wednesday, FinViz reports. The brokerage currently has a $56.00 price objective on the stock, up from their previous price objective of $54.00. Scotiabank’s price objective suggests a potential upside of 22.83% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. TD Securities started coverage on Royal Dutch Shell in a research note on Monday, October 25th. They set a “buy” rating and a $56.00 target price for the company. HSBC dropped their price objective on Royal Dutch Shell to $51.70 and set a “buy” rating for the company in a research note on Tuesday, November 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Royal Dutch Shell has a consensus rating of “Buy” and a consensus target price of $53.14. Read more …

 


Gilead Sciences (NASDAQ:GILD) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, The Fly reports.

GILD has been the subject of a number of other research reports. Royal Bank of Canada reiterated a “buy” rating and set a C$84.00 price target on shares of Gilead Sciences in a research report on Monday, August 23rd. SVB Leerink dropped their price target on Gilead Sciences from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 29th. Zacks Investment Research upgraded Gilead Sciences from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research report on Tuesday, August 10th. Evercore ISI reiterated a “buy” rating on shares of Gilead Sciences in a research report on Sunday, October 31st. Finally, Morgan Stanley raised their price objective on Gilead Sciences from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, October 12th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $116.36. Read more …

 

 


TJX Companies (NYSE:TJX) was upgraded by stock analysts at Morgan Stanley to a “top pick” rating in a research note issued on Thursday, The Fly reports.

A number of other analysts also recently weighed in on TJX. JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $80.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, August 16th. Barclays upped their price target on shares of TJX Companies from $101.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup upped their price target on shares of TJX Companies from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, August 19th. MKM Partners upped their price target on shares of TJX Companies from $79.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, August 20th. Finally, Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Wednesday, July 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $80.53. Read more …

 


Albemarle (NYSE:ALB) was upgraded by stock analysts at Berenberg Bank to a “buy” rating in a research report issued on Friday, The Fly reports. The firm currently has a $298.00 price target on the specialty chemicals company’s stock, up from their previous price target of $280.00. Berenberg Bank’s price objective suggests a potential upside of 8.50% from the company’s previous close.

Several other analysts have also issued reports on ALB. Loop Capital upped their price target on shares of Albemarle from $253.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, October 4th. Royal Bank of Canada upgraded shares of Albemarle from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $246.00 to $280.00 in a research report on Tuesday, October 19th. Cowen increased their target price on shares of Albemarle from $180.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, August 30th. HSBC lowered shares of Albemarle from a “buy” rating to a “hold” rating in a report on Friday, September 17th. Finally, Bank of America increased their target price on shares of Albemarle from $211.00 to $220.00 and gave the stock an “underperform” rating in a report on Monday, November 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $231.40. Read more …

 


Anheuser-Busch InBev SA/NV (NYSE:BUD) was upgraded by stock analysts at Redburn Partners from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Friday, PriceTargets.com reports.

BUD has been the subject of several other research reports. Bank of America raised Anheuser-Busch InBev SA/NV from an "underperform" rating to a "neutral" rating in a research report on Wednesday, November 3rd. UBS Group restated a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, October 7th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, October 29th. Credit Suisse Group restated a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, October 6th. Finally, Barclays restated an "overweight" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, October 29th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $72.40.

Shares of NYSE:BUD opened at $59.43 on Friday. Anheuser-Busch InBev SA/NV has a 52-week low of $54.08 and a 52-week high of $79.67. The firm has a market capitalization of $117.67 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.19 and a beta of 1.53. The stock has a 50 day moving average price of $57.84 and a 200-day moving average price of $65.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.65. Read more …

 

 


Walmart (NYSE:WMT) was upgraded by equities research analysts at MKM Partners from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, PriceTargets.com reports. The brokerage currently has a $166.00 target price on the retailer’s stock, up from their prior target price of $156.00. MKM Partners’ target price suggests a potential upside of 15.95% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Raymond James boosted their price target on shares of Walmart from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 18th. Stephens boosted their price target on shares of Walmart from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, August 13th. Robert W. Baird boosted their price target on shares of Walmart from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 17th. Stifel Nicolaus lowered their target price on shares of Walmart from $160.00 to $155.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their target price on shares of Walmart from $184.00 to $196.00 and gave the stock a “buy” rating in a research note on Tuesday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $170.20. Read more …

 

 

Downgrades:

 


National Bank of Canada (TSE:NA) was downgraded by stock analysts at Barclays to a “sell” rating in a research note issued on Monday, TipRanks reports. They presently have a C$100.00 target price on the financial services provider’s stock. Barclays‘s price target indicates a potential downside of 4.83% from the company’s previous close.

Several other analysts have also issued reports on NA. TD Securities dropped their target price on shares of National Bank of Canada from C$100.00 to C$99.00 and set a “hold” rating on the stock in a research report on Thursday, August 26th. CSFB lifted their target price on shares of National Bank of Canada from C$106.00 to C$110.00 in a research report on Wednesday, September 1st. BMO Capital Markets lifted their target price on shares of National Bank of Canada from C$101.00 to C$104.00 and gave the company an “outperform” rating in a research report on Thursday, August 26th. Royal Bank of Canada lifted their target price on shares of National Bank of Canada from C$97.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, August 26th. Finally, Scotiabank lifted their target price on shares of National Bank of Canada from C$104.00 to C$109.00 in a research report on Tuesday, August 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, National Bank of Canada has an average rating of “Hold” and an average target price of C$98.95. Read more …

 


TC Energy (TSE:TRP) (NYSE:TRP) was downgraded by equities researchers at UBS Group from a "buy" rating to a "neutral" rating in a research note issued to investors on Monday, Price Targets.com reports. They presently have a C$64.00 price target on the stock, down from their prior price target of C$72.00. UBS Group's target price points to a potential upside of 3.18% from the company's previous close.

Other equities analysts have also issued research reports about the stock. Tudor Pickering & Holt set a C$63.00 target price on shares of TC Energy and gave the company a "hold" rating in a research report on Monday, November 8th. Veritas Investment Research lowered shares of TC Energy from a "buy" rating to a "reduce" rating in a research report on Monday, November 8th. Morgan Stanley downgraded shares of TC Energy from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, July 20th. Royal Bank of Canada set a C$72.00 price target on shares of TC Energy and gave the stock an "outperform" rating in a research note on Monday, November 8th. Finally, Tudor Pickering reissued a "hold" rating and set a C$63.00 price objective on shares of TC Energy in a report on Monday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$67.89. Read more …

 

 


Wendy’s (NASDAQ:WEN) was downgraded by research analysts at Argus from a “buy” rating to a “hold” rating in a report issued on Tuesday, The Fly reports.

Several other research analysts also recently commented on WEN. Royal Bank of Canada decreased their target price on shares of Wendy’s from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 11th. Evercore ISI raised shares of Wendy’s from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $27.00 in a research report on Thursday, August 12th. Oppenheimer raised shares of Wendy’s from a “market perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a research report on Wednesday, August 18th. Guggenheim upped their price target on shares of Wendy’s from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 12th. Finally, Morgan Stanley upped their target price on shares of Wendy’s from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, August 12th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $27.38. Read more …

 


Williams Companies (NYSE:WMB) was downgraded by research analysts at US Capital Advisors from an "overweight" rating to a "hold" rating in a note issued to investors on Thursday, The Fly reports.

Several other brokerages have also commented on WMB. Bank of America began coverage on shares of Williams Companies in a research report on Tuesday, September 28th. They issued a "buy" rating for the company. Credit Suisse Group increased their price objective on shares of Williams Companies from $30.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, November 11th. TD Securities lifted their price objective on shares of Williams Companies from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, November 4th. Zacks Investment Research lowered shares of Williams Companies from a "hold" rating to a "sell" rating and set a $26.00 price objective on the stock. in a research note on Tuesday, August 17th. Finally, Royal Bank of Canada boosted their target price on shares of Williams Companies from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Williams Companies presently has a consensus rating of "Buy" and an average target price of $29.08. Read more …

 

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