December 24, 2021

Notable Analyst Upgrades and Downgrades for Week of December 20 2021



 

Upgrades:

 


Dover (NYSE:DOV) was upgraded by research analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating in a report released on Monday, The Fly reports.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada lifted their price target on Dover from $163.00 to $171.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 20th. Morgan Stanley lifted their price target on Dover from $173.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 20th. Citigroup lifted their price target on Dover from $185.00 to $196.00 and gave the stock a "buy" rating in a research report on Wednesday, October 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Dover from $187.00 to $178.00 and set a "hold" rating for the company in a research report on Friday, December 10th. Finally, JPMorgan Chase & Co. lifted their price target on Dover from $178.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Dover currently has a consensus rating of "Hold" and a consensus target price of $177.08. Read more …

 


Federal Realty Investment Trust (NYSE:FRT) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Monday, The Fly reports. The firm currently has a $142.00 price target on the real estate investment trust's stock, up from their prior price target of $135.00. JPMorgan Chase & Co.'s target price suggests a potential upside of 9.64% from the company's current price.

FRT has been the topic of a number of other reports. Citigroup lifted their target price on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, December 2nd. Truist Securities boosted their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, December 10th. TheStreet upgraded shares of Federal Realty Investment Trust from a "c+" rating to a "b" rating in a research report on Thursday, November 4th. Truist boosted their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, December 10th. Finally, BMO Capital Markets upgraded shares of Federal Realty Investment Trust from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research report on Wednesday, December 1st. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $126.15. Read more …

 


Public Storage (NYSE:PSA) was upgraded by equities research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has a $385.00 price objective on the real estate investment trust's stock, up from their previous price objective of $359.00. JPMorgan Chase & Co.'s target price would suggest a potential upside of 6.43% from the stock's current price.

Several other equities analysts have also commented on the stock. Morgan Stanley increased their price objective on shares of Public Storage from $322.00 to $333.00 and gave the company an "equal weight" rating in a research report on Monday, November 29th. Berenberg Bank began coverage on shares of Public Storage in a research report on Thursday, October 7th. They issued a "hold" rating and a $321.00 price objective for the company. Raymond James raised shares of Public Storage from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $350.00 to $375.00 in a research report on Thursday, December 2nd. Zacks Investment Research lowered shares of Public Storage from a "buy" rating to a "hold" rating and set a $349.00 price target for the company. in a research report on Friday, November 12th. Finally, Truist raised their price target on shares of Public Storage from $325.00 to $353.00 and gave the stock a "buy" rating in a research report on Thursday, December 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Public Storage presently has an average rating of "Hold" and a consensus target price of $337.54. Read more …

 

 


AT&T (NYSE:T) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Monday, The Fly reports. The brokerage presently has a $30.00 price target on the technology company’s stock. Barclays‘s target price suggests a potential upside of 26.16% from the company’s previous close.

Several other brokerages have also commented on T. Truist Securities restated a “hold” rating and issued a $26.00 price objective on shares of AT&T in a report on Monday, December 6th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $32.00 to $28.00 in a report on Thursday. Loop Capital initiated coverage on shares of AT&T in a research note on Monday, September 20th. They issued a “hold” rating and a $30.00 price target for the company. Truist reiterated a “hold” rating and issued a $26.00 price target on shares of AT&T in a research note on Monday, December 6th. Finally, Citigroup decreased their price target on shares of AT&T from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, December 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.30. Read more …

 


Bank of Montreal (NYSE:BMO) (TSE:BMO) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday, Price Targets.com reports.

Several other analysts also recently issued reports on the stock. Barclays raised shares of Bank of Montreal from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $86.00 to $83.00 in a report on Tuesday, September 7th. Scotiabank upped their price target on shares of Bank of Montreal from C$147.00 to C$161.00 and gave the company an “outperform” rating in a report on Wednesday, November 24th. Credit Suisse Group upped their price target on shares of Bank of Montreal from $138.00 to $144.00 and gave the company an “outperform” rating in a report on Wednesday, August 25th. Desjardins upped their price objective on shares of Bank of Montreal from C$146.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, December 7th. Finally, CIBC upped their price objective on shares of Bank of Montreal from $139.00 to $148.00 and gave the company an “outperformer” rating in a research note on Wednesday, August 25th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $144.33. Read more …

 


Sonoco Products (NYSE:SON) was upgraded by stock analysts at Seaport Res Ptn from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. Seaport Res Ptn also issued estimates for Sonoco Products’ Q2 2022 earnings at $1.04 EPS, Q3 2022 earnings at $1.14 EPS, Q4 2022 earnings at $1.01 EPS, FY2022 earnings at $4.15 EPS and FY2023 earnings at $4.35 EPS.

Several other brokerages have also recently weighed in on SON. Seaport Research Partners raised shares of Sonoco Products from a “neutral” rating to a “buy” rating in a research report on Tuesday. Bank of America cut shares of Sonoco Products from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $64.00 to $63.00 in a research report on Thursday, October 14th. Finally, Seaport Global Securities raised shares of Sonoco Products from a “neutral” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Sonoco Products currently has an average rating of “Hold” and a consensus price target of $64.80. Read more …

 

 


Caterpillar (NYSE:CAT) was upgraded by investment analysts at Sanford C. Bernstein from a "market perform" rating to an "outperform" rating in a research report issued on Wednesday, The Fly reports.

A number of other equities research analysts also recently weighed in on CAT. Citigroup lifted their target price on Caterpillar from $215.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 12th. UBS Group upgraded shares of Caterpillar from a "neutral" rating to a "buy" rating and lifted their target price for the company from $232.00 to $235.00 in a research note on Friday, October 29th. Cowen initiated coverage on shares of Caterpillar in a research report on Thursday, October 14th. They issued an "outperform" rating and a $241.00 price objective for the company. Evercore ISI dropped their target price on shares of Caterpillar from $291.00 to $257.00 and set an "outperform" rating for the company in a research report on Thursday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Caterpillar from $233.00 to $242.00 and gave the company a "buy" rating in a research report on Friday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of "Buy" and an average target price of $234.00. Read more …

 


Williams-Sonoma (NYSE:WSM) was upgraded by equities researchers at Loop Capital from a "hold" rating to a "buy" rating in a research report issued on Wednesday, The Fly reports.

Several other brokerages have also recently weighed in on WSM. Wedbush raised their target price on shares of Williams-Sonoma from $220.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, November 19th. Credit Suisse Group raised their target price on shares of Williams-Sonoma from $144.00 to $155.00 and gave the company an "underperform" rating in a report on Thursday, August 26th. Royal Bank of Canada increased their price target on shares of Williams-Sonoma from $199.00 to $219.00 and gave the company a "sector perform" rating in a research note on Friday, November 19th. Bank of America increased their price target on shares of Williams-Sonoma from $142.00 to $164.00 and gave the company an "underperform" rating in a research note on Friday, November 19th. Finally, Evercore ISI raised their target price on shares of Williams-Sonoma from $205.00 to $210.00 and gave the stock an "inline" rating in a research report on Friday, November 19th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $188.35. Read more …

 

 

Downgrades:

 


McDonald’s (NYSE:MCD) was downgraded by Edward Jones from a “buy” rating to a “hold” rating in a report released on Monday, The Fly reports.

MCD has been the subject of several other research reports. Royal Bank of Canada increased their price target on McDonald’s from $268.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, October 28th. Deutsche Bank Aktiengesellschaft increased their price target on McDonald’s from $265.00 to $268.00 and gave the stock a “buy” rating in a research note on Thursday, October 28th. BTIG Research increased their price target on McDonald’s from $255.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, December 14th. Stifel Nicolaus raised their target price on McDonald’s from $245.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, October 28th. Finally, KeyCorp raised their target price on McDonald’s from $270.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, October 28th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Buy” and a consensus target price of $266.10. Read more …

 

 


Novo Nordisk A/S (NYSE:NVO) was downgraded by investment analysts at Citigroup from a "buy" rating to a "neutral" rating in a research note issued on Monday, The Fly reports.

Several other research analysts have also recently issued reports on the company. Bryan, Garnier & Co cut Novo Nordisk A/S from a "buy" rating to a "sell" rating and set a 592.00 price objective for the company. in a research report on Wednesday, November 3rd. JPMorgan Chase & Co. cut Novo Nordisk A/S from an "overweight" rating to a "neutral" rating in a research report on Monday. Barclays reaffirmed an "overweight" rating on shares of Novo Nordisk A/S in a research report on Thursday, November 4th. UBS Group reissued a "neutral" rating on shares of Novo Nordisk A/S in a research report on Thursday, November 11th. Finally, Credit Suisse Group reissued a "neutral" rating on shares of Novo Nordisk A/S in a research report on Thursday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $341.50. Read more …

 


Welltower (NYSE:WELL) was downgraded by JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued to investors on Monday, The Fly reports.

A number of other research analysts have also recently commented on the stock. BMO Capital Markets upgraded shares of Welltower from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a report on Thursday, August 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Welltower from $80.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, September 20th. Morgan Stanley increased their target price on shares of Welltower from $86.00 to $100.00 and gave the stock an "overweight" rating in a report on Monday, September 13th. Raymond James increased their target price on shares of Welltower from $95.00 to $98.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 23rd. Finally, Royal Bank of Canada dropped their target price on shares of Welltower from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, November 17th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Welltower currently has a consensus rating of "Buy" and an average target price of $88.71. Read more …

 

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