Notable Analyst Upgrades and Downgrades for Week of January 3 2022 (Part 1)



 

Upgrades:

 


Canadian Pacific Railway (TSE:CP) (NYSE:CP) was upgraded by analysts at Susquehanna Bancshares to a "buy" rating in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has a C$87.00 target price on the stock. Susquehanna Bancshares' price target suggests a potential downside of 7.36% from the company's current price.

CP has been the subject of several other research reports. Evercore reissued an "outperform" rating on shares of Canadian Pacific Railway in a research report on Tuesday, December 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Canadian Pacific Railway to a "hold" rating and set a C$79.00 target price for the company. in a research note on Monday, November 29th. Scotiabank increased their price objective on shares of Canadian Pacific Railway from C$105.00 to C$106.00 and gave the company an "outperform" rating in a research note on Friday, December 3rd. UBS Group reiterated a "buy" rating and set a C$111.00 price objective on shares of Canadian Pacific Railway in a research note on Wednesday, October 27th. Finally, Desjardins reduced their price objective on shares of Canadian Pacific Railway from C$104.00 to C$103.00 and set a "buy" rating on the stock in a research note on Thursday, October 21st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$156.87. Read more …

 


McDonald's (NYSE:MCD) was upgraded by investment analysts at Piper Sandler from a "neutral" rating to an "overweight" rating in a research report issued on Monday, The Fly reports.

A number of other brokerages have also recently issued reports on MCD. JPMorgan Chase & Co. upped their price objective on McDonald's from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Thursday, October 28th. Truist Securities lifted their price objective on shares of McDonald's from $266.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, October 27th. Oppenheimer upped their price target on shares of McDonald's from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Thursday, October 28th. They noted that the move was a valuation call. Argus upped their target price on McDonald's from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their price target on McDonald's from $245.00 to $260.00 and gave the stock a "hold" rating in a report on Thursday, October 28th. Seven research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, McDonald's currently has an average rating of "Buy" and an average target price of $268.45. Read more …

 


Wells Fargo & Company (NYSE:WFC) was upgraded by Barclays from an "equal weight" rating to an "overweight" rating in a report released on Monday, The Fly reports.

WFC has been the topic of several other reports. Raymond James upped their price objective on shares of Wells Fargo & Company from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Thursday, December 9th. UBS Group began coverage on shares of Wells Fargo & Company in a report on Friday, December 10th. They issued a "buy" rating and a $65.00 price target on the stock. Evercore ISI reissued a "buy" rating and issued a $49.00 price target on shares of Wells Fargo & Company in a report on Friday, September 10th. Morgan Stanley raised shares of Wells Fargo & Company from an "equal weight" rating to an "overweight" rating and set a $61.00 target price on the stock in a research note on Monday, December 6th. Finally, Jefferies Financial Group increased their price target on shares of Wells Fargo & Company from $51.00 to $57.00 and gave the company a "buy" rating in a research report on Monday, October 11th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wells Fargo & Company presently has a consensus rating of "Buy" and an average price target of $50.43. Read more …

 

 


Air Products and Chemicals (NYSE:APD) was upgraded by stock analysts at Vertical Research from a "hold" rating to a "buy" rating in a report released on Tuesday, FinViz reports. The firm currently has a $335.00 target price on the basic materials company's stock. Vertical Research's target price would indicate a potential upside of 13.25% from the company's previous close.

A number of other research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Air Products and Chemicals from $315.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, November 5th. Mizuho assumed coverage on Air Products and Chemicals in a research note on Friday, November 5th. They issued a "buy" rating and a $312.00 target price for the company. Wolfe Research lowered Air Products and Chemicals from an "outperform" rating to a "peer perform" rating and dropped their price objective for the stock from $332.00 to $331.00 in a research note on Thursday, December 9th. Finally, BMO Capital Markets increased their price objective on Air Products and Chemicals from $312.00 to $338.00 and gave the stock an "outperform" rating in a research note on Friday, October 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $321.06. Read more …

 


Emerson Electric (NYSE:EMR) was upgraded by research analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a research note issued on Tuesday, The Fly reports.

A number of other analysts have also weighed in on EMR. Credit Suisse Group dropped their target price on shares of Emerson Electric from $107.00 to $106.00 and set an "outperform" rating for the company in a report on Thursday, November 4th. Loop Capital initiated coverage on shares of Emerson Electric in a report on Wednesday, November 17th. They set a "buy" rating and a $124.00 target price for the company. Morgan Stanley dropped their target price on shares of Emerson Electric from $106.00 to $102.00 and set an "equal weight" rating for the company in a report on Thursday, October 7th. Barclays increased their target price on shares of Emerson Electric from $98.00 to $99.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Mizuho started coverage on shares of Emerson Electric in a report on Thursday, December 16th. They set a "neutral" rating and a $100.00 target price for the company. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Emerson Electric has a consensus rating of "Buy" and a consensus target price of $103.03. Read more …

 


Halliburton (NYSE:HAL) was upgraded by Morgan Stanley from an "equal weight" rating to an "overweight" rating in a note issued to investors on Tuesday, Briefing.com reports. The firm currently has a $30.00 price target on the oilfield services company's stock, up from their previous price target of $28.00. Morgan Stanley's price objective indicates a potential upside of 25.05% from the company's current price.

Several other equities analysts have also commented on the stock. Citigroup upped their price target on shares of Halliburton from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, October 20th. Wells Fargo & Company upped their price target on shares of Halliburton from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, October 1st. TheStreet upgraded shares of Halliburton from a "d+" rating to a "c-" rating in a research report on Friday, October 15th. Argus upgraded shares of Halliburton from a "hold" rating to a "buy" rating and set a $32.00 price target for the company in a research report on Wednesday, October 20th. Finally, Barclays upped their price target on shares of Halliburton from $30.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 20th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $25.77. Read more …

 

 


Guggenheim upgraded shares of Coca-Cola (NYSE:KO) from a neutral rating to a buy rating in a research report released on Tuesday morning, PriceTargets.com reports. The firm currently has $66.00 target price on the stock, up from their previous target price of $61.00.

A number of other brokerages also recently issued reports on KO. The Goldman Sachs Group set a $55.00 price objective on shares of Coca-Cola in a research report on Thursday, December 9th. JPMorgan Chase & Co. raised shares of Coca-Cola from a neutral rating to an overweight rating and upped their price objective for the stock from $59.00 to $63.00 in a research report on Monday, December 13th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Coca-Cola from $60.00 to $59.00 and set a hold rating for the company in a research report on Friday, October 15th. Evercore ISI reissued a buy rating on shares of Coca-Cola in a research report on Tuesday, November 9th. Finally, Credit Suisse Group set a $63.00 target price on shares of Coca-Cola in a research report on Thursday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $61.56. Read more …

 


Chevron (NYSE:CVX) was upgraded by stock analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report issued on Wednesday, The Fly reports.

Several other research firms have also commented on CVX. Tudor, Pickering, Holt & Co. raised shares of Chevron from a "hold" rating to a "buy" rating in a report on Tuesday, November 30th. UBS Group raised shares of Chevron from a "neutral" rating to a "buy" rating and set a $125.00 target price on the stock in a report on Monday, November 15th. Raymond James increased their target price on shares of Chevron from $134.00 to $137.00 and gave the company an "outperform" rating in a report on Monday, November 1st. Truist Securities increased their price target on shares of Chevron from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, October 7th. Finally, Zacks Investment Research cut shares of Chevron from a "strong-buy" rating to a "hold" rating and set a $121.00 price target for the company. in a research report on Monday, December 6th. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $124.24. Read more …

 


Dominion Energy (NYSE:D) was upgraded by equities researchers at UBS Group from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage currently has a $98.00 target price on the utilities provider's stock, up from their prior target price of $81.00. UBS Group's price target points to a potential upside of 25.48% from the stock's previous close.

A number of other research firms have also recently commented on D. TheStreet upgraded Dominion Energy from a "c+" rating to a "b" rating in a research note on Friday, November 5th. KeyCorp raised their target price on Dominion Energy from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, October 19th. Morgan Stanley raised their target price on Dominion Energy from $78.00 to $83.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 21st. Mizuho lowered their target price on Dominion Energy from $77.00 to $73.00 and set a "neutral" rating for the company in a research note on Tuesday, October 19th. Finally, Zacks Investment Research cut Dominion Energy from a "buy" rating to a "hold" rating and set a $75.00 target price for the company. in a research note on Wednesday, December 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy has an average rating of "Buy" and an average price target of $84.75. Read more …

 

 


Intel (NASDAQ:INTC) was upgraded by investment analysts at Northland Securities from a "market perform" rating to an "outperform" rating in a research note issued on Wednesday, The Fly reports.

Other research analysts have also recently issued research reports about the stock. Mizuho cut shares of Intel from a "buy" rating to a "neutral" rating and lowered their target price for the company from $70.00 to $55.00 in a report on Friday, October 22nd. Roth Capital lowered their target price on shares of Intel from $60.00 to $53.00 and set a "neutral" rating for the company in a report on Friday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intel from $58.00 to $55.00 and set a "hold" rating for the company in a report on Friday, October 22nd. UBS Group cut shares of Intel from a "buy" rating to a "neutral" rating and lowered their target price for the company from $73.00 to $58.00 in a report on Friday, October 22nd. Finally, JPMorgan Chase & Co. set a $64.00 price target on shares of Intel in a research note on Wednesday, December 8th. Eleven research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $56.88. Read more …

 

 

Downgrades:

 


Ross Stores (NASDAQ:ROST) was downgraded by research analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a research report issued to clients and investors on Monday, The Fly reports.

ROST has been the subject of a number of other research reports. Cowen downgraded shares of Ross Stores from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $131.00 to $109.00 in a research note on Tuesday, December 7th. Truist Financial initiated coverage on shares of Ross Stores in a research note on Thursday, December 16th. They set a "buy" rating and a $136.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ross Stores from $146.00 to $152.00 and gave the company a "buy" rating in a research note on Friday, November 19th. Loop Capital downgraded shares of Ross Stores from a "buy" rating to a "hold" rating and dropped their price objective for the company from $140.00 to $105.00 in a research note on Thursday, October 14th. Finally, Truist Securities initiated coverage on shares of Ross Stores in a research note on Thursday, December 16th. They set a "buy" rating and a $136.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Ross Stores currently has a consensus rating of "Buy" and a consensus target price of $136.15. Read more …

 


U.S. Bancorp (NYSE:USB) was downgraded by equities researchers at Barclays from an "overweight" rating to an "equal weight" rating in a research note issued to investors on Monday, The Fly reports.

USB has been the topic of a number of other research reports. Raymond James cut shares of U.S. Bancorp from a "market perform" rating to an "underperform" rating in a research note on Friday, October 15th. Jefferies Financial Group raised their price target on U.S. Bancorp from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Monday, October 11th. Credit Suisse Group upped their price objective on U.S. Bancorp from $60.00 to $61.00 and gave the company a "neutral" rating in a research report on Wednesday, September 22nd. Stephens cut U.S. Bancorp from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $68.00 to $63.00 in a research report on Monday, November 29th. Finally, Royal Bank of Canada increased their price objective on shares of U.S. Bancorp from $62.00 to $66.00 and gave the stock an "outperform" rating in a research note on Friday, October 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has a consensus rating of "Hold" and an average target price of $64.90. Read more …

 

 


Honeywell International (NYSE:HON) was downgraded by stock analysts at Credit Suisse Group from an "outperform" rating to a "neutral" rating in a report issued on Tuesday, Briefing.com reports. They presently have a $226.00 target price on the conglomerate's stock, down from their prior target price of $243.00. Credit Suisse Group's target price suggests a potential upside of 9.28% from the stock's current price.

A number of other brokerages also recently commented on HON. Bank of America downgraded shares of Honeywell International from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $270.00 to $245.00 in a research note on Wednesday, December 8th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Honeywell International from $246.00 to $236.00 and set a "buy" rating on the stock in a research note on Friday, December 10th. Mizuho began coverage on shares of Honeywell International in a research note on Thursday, December 16th. They set a "buy" rating and a $245.00 target price on the stock. Royal Bank of Canada reduced their target price on shares of Honeywell International from $229.00 to $224.00 and set a "sector perform" rating on the stock in a research note on Monday, October 25th. Finally, Morgan Stanley reduced their target price on shares of Honeywell International from $246.00 to $229.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $235.31. Read more …

 


JPMorgan Chase & Co. (NYSE:JPM) was downgraded by equities research analysts at Societe Generale from a "buy" rating to a "hold" rating in a report released on Wednesday, Analyst Ratings Network reports.

A number of other analysts have also commented on the company. Robert W. Baird reiterated a "hold" rating and issued a $165.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, December 6th. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, October 25th. Berenberg Bank set a $125.00 price objective on JPMorgan Chase & Co. in a research report on Monday, October 18th. Royal Bank of Canada restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, December 22nd. Finally, Credit Suisse Group set a $177.00 target price on JPMorgan Chase & Co. in a research report on Thursday, October 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Buy" and an average price target of $174.80. Read more …

 


Medtronic (NYSE:MDT) was downgraded by equities researchers at Piper Sandler to a "neutral" rating in a note issued to investors on Tuesday, Stock Target Advisor reports. They currently have a $110.00 target price on the medical technology company's stock, down from their previous target price of $152.00. Piper Sandler's target price would suggest a potential upside of 3.68% from the company's current price.

MDT has been the subject of several other reports. Truist Securities decreased their price objective on shares of Medtronic from $142.00 to $124.00 and set a "buy" rating for the company in a report on Tuesday, December 21st. Oppenheimer reduced their target price on shares of Medtronic from $145.00 to $136.00 and set an "outperform" rating on the stock in a research report on Friday, December 17th. Citigroup reduced their target price on shares of Medtronic from $153.00 to $146.00 and set a "buy" rating on the stock in a research report on Wednesday, November 24th. Truist reduced their target price on shares of Medtronic from $148.00 to $142.00 and set a "buy" rating on the stock in a research report on Wednesday, November 24th. Finally, Morgan Stanley reduced their target price on shares of Medtronic from $154.00 to $145.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 24th. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $136.70. Read more …

 

 


PPG Industries (NYSE:PPG) was downgraded by equities research analysts at Vertical Research from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday, FinViz reports. They currently have a $176.00 target price on the specialty chemicals company's stock. Vertical Research's price objective would suggest a potential upside of 3.17% from the stock's current price.

PPG has been the subject of several other research reports. Mizuho increased their price objective on shares of PPG Industries from $180.00 to $184.00 and gave the company a "buy" rating in a report on Friday, October 22nd. Evercore ISI raised shares of PPG Industries from an "in-line" rating to an "outperform" rating and set a $190.00 price objective for the company in a report on Tuesday, December 7th. Royal Bank of Canada decreased their target price on shares of PPG Industries from $183.00 to $170.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 8th. JPMorgan Chase & Co. cut shares of PPG Industries from an "overweight" rating to a "neutral" rating and set a $165.00 target price on the stock. in a research report on Friday, October 22nd. Finally, Wells Fargo & Company upped their target price on shares of PPG Industries from $180.00 to $183.00 and gave the company an "overweight" rating in a research report on Friday, October 22nd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $177.87. Read more …

 


T. Rowe Price Group (NASDAQ:TROW) was downgraded by investment analysts at The Goldman Sachs Group to a "sell" rating in a research note issued on Tuesday, Stock Target Advisor reports.

Several other analysts have also recently commented on TROW. Jefferies Financial Group began coverage on T. Rowe Price Group in a research report on Friday, September 10th. They set a "buy" rating and a $245.00 price target for the company. Citigroup dropped their price target on T. Rowe Price Group from $169.00 to $166.50 and set a "sell" rating for the company in a research report on Monday, December 13th. Bank of America began coverage on T. Rowe Price Group in a research report on Thursday, December 16th. They set an "underperform" rating and a $212.00 price target for the company. BMO Capital Markets upgraded T. Rowe Price Group from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $253.00 to $246.00 in a research report on Friday, December 17th. Finally, Zacks Investment Research lowered T. Rowe Price Group from a "buy" rating to a "hold" rating and set a $206.00 price objective on the stock. in a research note on Friday, October 8th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $194.10. Read more …

 


Amgen (NASDAQ:AMGN) was downgraded by analysts at Bank of America from a "buy" rating to a "neutral" rating in a research note issued to investors on Wednesday, The Fly reports. They presently have a $255.00 price target on the medical research company's stock, down from their prior price target of $285.00. Bank of America's target price indicates a potential upside of 11.92% from the company's previous close.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets assumed coverage on shares of Amgen in a report on Thursday, November 18th. They issued a "market perform" rating and a $228.00 price target on the stock. Robert W. Baird reaffirmed a "sell" rating on shares of Amgen in a report on Thursday, October 28th. Morgan Stanley lowered their price target on shares of Amgen from $251.00 to $235.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 12th. Oppenheimer lowered their price target on shares of Amgen from $277.00 to $272.00 and set an "outperform" rating on the stock in a report on Monday, November 1st. Finally, SVB Leerink lowered their target price on shares of Amgen from $234.00 to $216.00 and set a "market perform" rating on the stock in a report on Wednesday, November 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $233.50. Read more …

 

 


American Tower (NYSE:AMT) was downgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating in a research note issued on Wednesday, The Fly reports.

AMT has been the topic of several other research reports. Credit Suisse Group upped their price objective on American Tower from $324.00 to $328.00 and gave the stock an "outperform" rating in a report on Friday, October 29th. Oppenheimer downgraded American Tower from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $305.00 to $300.00 in a report on Friday, September 10th. Morgan Stanley reduced their price objective on American Tower from $316.00 to $294.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 1st. KeyCorp upped their price objective on American Tower from $302.00 to $311.00 and gave the stock an "overweight" rating in a report on Friday, October 29th. Finally, Raymond James cut their price target on American Tower from $296.00 to $294.00 and set an "outperform" rating on the stock in a research note on Monday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $296.14. Read more …


Analyst Upgrades and Downgrades for Week of January 3 2022 (Part 2)

Analyst Upgrades and Downgrades for Week of January 3 2022 (Part 3)

 

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