Notable Analyst Upgrades and Downgrades for Week of January 10 2022 (Part 2)

 



Upgrades:

 


Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by equities research analysts at National Bank Financial from a "sector perform underweight" rating to an "outperfrom underweight" rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts also recently issued reports on the stock. TD Securities upped their price objective on shares of Thomson Reuters from C$160.00 to C$165.00 and gave the stock a "buy" rating in a research report on Wednesday, November 3rd. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from C$122.00 to C$123.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 3rd. National Bankshares raised shares of Thomson Reuters from a "sector perform" rating to a "buy" rating and set a C$162.00 price objective for the company in a research report on Tuesday. Finally, BNP Paribas raised shares of Thomson Reuters to a "hold" rating in a research report on Wednesday, November 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$147.67. Read more …

 


Wells Fargo & Company (NYSE:WFC) was upgraded by investment analysts at Piper Sandler to an "overweight" rating in a report issued on Wednesday, Stock Target Advisor reports. The brokerage currently has a $64.00 target price on the financial services provider's stock, up from their previous target price of $50.00. Piper Sandler's price target points to a potential upside of 14.16% from the stock's current price.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group raised their target price on Wells Fargo & Company from $51.00 to $57.00 and gave the stock a "buy" rating in a research note on Monday, October 11th. Morgan Stanley raised Wells Fargo & Company from an "equal weight" rating to an "overweight" rating and set a $61.00 target price for the company in a research note on Monday, December 6th. UBS Group assumed coverage on Wells Fargo & Company in a research note on Friday, December 10th. They issued a "buy" rating and a $65.00 target price for the company. TheStreet raised Wells Fargo & Company from a "c+" rating to a "b-" rating in a research note on Thursday, October 14th. Finally, Raymond James raised their target price on Wells Fargo & Company from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Thursday, December 9th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wells Fargo & Company has an average rating of "Buy" and a consensus target price of $52.24. Read more …

 


DTE Energy (NYSE:DTE) was upgraded by investment analysts at Edward Jones from a "hold" rating to a "buy" rating in a research note issued on Thursday, Price Targets.com reports.

Several other research analysts have also commented on DTE. Evercore ISI upgraded DTE Energy from an "in-line" rating to an "outperform" rating and set a $127.00 price target for the company in a research report on Friday, September 17th. Mizuho dropped their price target on DTE Energy from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, November 22nd. Morgan Stanley upgraded DTE Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $127.00 to $133.00 in a research report on Thursday, January 6th. Wells Fargo & Company upgraded DTE Energy from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $124.00 to $123.00 in a research report on Wednesday, December 1st. Finally, JPMorgan Chase & Co. lowered DTE Energy from an "overweight" rating to a "neutral" rating and set a $126.00 price target for the company. in a research report on Friday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, DTE Energy has an average rating of "Buy" and a consensus target price of $128.30. Read more …

 

 


Halliburton (NYSE:HAL) was upgraded by JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a $32.00 price objective on the oilfield services company's stock, up from their prior price objective of $30.00. JPMorgan Chase & Co.'s price target suggests a potential upside of 16.62% from the company's current price.

Several other equities research analysts have also weighed in on HAL. Morgan Stanley raised Halliburton from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $28.00 to $30.00 in a research report on Tuesday, January 4th. Citigroup raised their price target on Halliburton from $28.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, October 20th. COKER & PALMER raised Halliburton from a "sector perform" rating to an "outperform" rating and set a $24.00 price target on the stock in a report on Tuesday, October 12th. Argus raised Halliburton from a "hold" rating to a "buy" rating and set a $32.00 price target on the stock in a report on Wednesday, October 20th. Finally, Wells Fargo & Company raised their target price on Halliburton from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, October 1st. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Halliburton has a consensus rating of "Buy" and a consensus target price of $26.09. Read more …

 


Home Depot (NYSE:HD) was upgraded by equities researchers at Truist from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports. The brokerage presently has a $448.00 price target on the home improvement retailer’s stock, up from their prior price target of $420.00. Truist’s target price suggests a potential upside of 15.05% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Telsey Advisory Group raised their price target on shares of Home Depot from $390.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, November 12th. Truist Financial raised shares of Home Depot from a “hold” rating to a “buy” rating and raised their price target for the company from $420.00 to $448.00 in a research report on Thursday. Raymond James lifted their target price on shares of Home Depot from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, November 12th. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $376.00 price target on the stock in a report on Tuesday, October 19th. Finally, Barclays lifted their price objective on Home Depot from $350.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 17th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $418.04. Read more …

 


ONEOK (NYSE:OKE) was upgraded by equities research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports. The analysts noted that the move was a valuation call.

Several other equities research analysts have also commented on OKE. Royal Bank of Canada boosted their price objective on shares of ONEOK from $60.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Monday, November 15th. Morgan Stanley boosted their price objective on shares of ONEOK from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 23rd. Sanford C. Bernstein raised shares of ONEOK from a “market perform” rating to an “outperform” rating and set a $66.00 target price for the company in a report on Thursday, September 23rd. Mizuho lifted their target price on shares of ONEOK from $53.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, October 27th. Finally, Raymond James lifted their target price on shares of ONEOK from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, November 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.00. Read more …

 

 


WEC Energy Group (NYSE:WEC) was upgraded by The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a research note issued on Thursday, Analyst Price Targets reports. The brokerage presently has a $99.00 price objective on the utilities provider's stock. The Goldman Sachs Group's price target would indicate a potential upside of 3.45% from the stock's previous close.

Several other research analysts have also recently weighed in on WEC. Bank of America upgraded shares of WEC Energy Group from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $92.00 to $94.00 in a research note on Friday, October 15th. Scotiabank upgraded shares of WEC Energy Group from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $104.00 to $109.00 in a research note on Wednesday, November 3rd. Wells Fargo & Company dropped their price target on shares of WEC Energy Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 3rd. Wolfe Research upgraded shares of WEC Energy Group from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, October 19th. Finally, BMO Capital Markets began coverage on shares of WEC Energy Group in a research note on Tuesday, November 30th. They set a "market perform" rating and a $92.00 price target on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, WEC Energy Group has an average rating of "Hold" and an average target price of $99.88. Read more …

 


Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research note issued to investors on Friday, Briefing.com reports. The brokerage presently has a $137.00 price target on the transportation company's stock, up from their previous price target of $129.00. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 11.98% from the stock's current price.

Several other research firms also recently weighed in on CNI. Desjardins boosted their price target on shares of Canadian National Railway from C$163.00 to C$165.00 and gave the stock a "hold" rating in a research note on Thursday, October 21st. Vertical Research downgraded shares of Canadian National Railway from a "buy" rating to a "hold" rating and set a $129.00 price objective for the company. in a research note on Thursday, December 16th. TD Securities assumed coverage on shares of Canadian National Railway in a research report on Wednesday, October 20th. They set a "buy" rating and a $176.00 price target on the stock. Morgan Stanley started coverage on shares of Canadian National Railway in a research report on Thursday, December 2nd. They set an "equal weight" rating and a $149.00 price target on the stock. Finally, Cowen upped their price objective on shares of Canadian National Railway from $110.00 to $119.00 and gave the stock a "market perform" rating in a report on Monday, September 20th. Eighteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of "Hold" and a consensus target price of $145.32. Read more …

 

 

Downgrades:

 


American Tower (NYSE:AMT) was downgraded by investment analysts at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a note issued to investors on Tuesday, The Fly reports.

AMT has been the subject of several other reports. Raymond James decreased their price objective on shares of American Tower from $296.00 to $294.00 and set an "outperform" rating for the company in a report on Monday, November 1st. Wells Fargo & Company reduced their target price on shares of American Tower from $305.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, November 19th. Morgan Stanley cut their price objective on shares of American Tower from $316.00 to $294.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 1st. KeyCorp upped their target price on shares of American Tower from $302.00 to $311.00 and gave the company an "overweight" rating in a research note on Friday, October 29th. Finally, Credit Suisse Group increased their price objective on shares of American Tower from $324.00 to $328.00 and gave the stock an "outperform" rating in a research note on Friday, October 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $294.47. Read more …

 

 


Bank of New York Mellon (NYSE:BK) was downgraded by analysts at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They currently have a $70.00 price target on the bank's stock, up from their prior price target of $66.00. Keefe, Bruyette & Woods' target price suggests a potential upside of 11.46% from the company's previous close.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company upped their target price on Bank of New York Mellon from $57.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Monday, October 25th. Citigroup upped their target price on Bank of New York Mellon from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, October 22nd. The Goldman Sachs Group increased their price objective on Bank of New York Mellon from $56.00 to $62.00 and gave the company a "buy" rating in a research report on Wednesday, October 20th. Morgan Stanley downgraded Bank of New York Mellon from an "equal weight" rating to an "underweight" rating and increased their price objective for the company from $56.00 to $59.00 in a research report on Monday, December 6th. Finally, Royal Bank of Canada increased their price objective on Bank of New York Mellon from $49.00 to $60.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $60.06. Read more …

 


International Business Machines (NYSE:IBM) was downgraded by stock analysts at UBS Group from a "neutral" rating to a "sell" rating in a note issued to investors on Tuesday, The Fly reports.

IBM has been the topic of a number of other reports. Zacks Investment Research raised shares of International Business Machines from a "sell" rating to a "hold" rating and set a $132.00 target price on the stock in a research report on Friday, December 17th. Stifel Nicolaus reduced their target price on shares of International Business Machines from $151.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, December 15th. Evercore ISI started coverage on shares of International Business Machines in a report on Thursday, December 2nd. They issued a "positive" rating and a $125.00 price target on the stock. The Goldman Sachs Group started coverage on shares of International Business Machines in a report on Sunday. They set a "neutral" rating and a $140.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of International Business Machines in a report on Friday, October 1st. They set a "buy" rating and a $170.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $149.30. Read more …

 


Kimberly-Clark (NYSE:KMB) was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They currently have a $148.00 price objective on the stock. BNP Paribas’ target price suggests a potential upside of 2.36% from the stock’s previous close.

Several other brokerages have also recently weighed in on KMB. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kimberly-Clark from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Tuesday, October 26th. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $137.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 26th. Citigroup cut their price objective on shares of Kimberly-Clark from $123.00 to $113.00 and set a “sell” rating on the stock in a report on Tuesday, October 26th. Zacks Investment Research raised shares of Kimberly-Clark from a “strong sell” rating to a “hold” rating and set a $148.00 price objective on the stock in a report on Wednesday, December 29th. Finally, Berenberg Bank cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and cut their price objective for the stock from $164.00 to $127.00 in a report on Tuesday, October 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $135.13. Read more …

 

 


Northrop Grumman (NYSE:NOC) was downgraded by equities research analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a report issued on Tuesday, The Fly reports.

NOC has been the subject of a number of other reports. Jefferies Financial Group downgraded shares of Northrop Grumman from a "buy" rating to a "hold" rating and set a $410.00 price target for the company. in a research note on Wednesday, January 5th. UBS Group dropped their price target on shares of Northrop Grumman from $380.00 to $350.00 and set a "neutral" rating for the company in a research note on Friday, October 29th. Zacks Investment Research raised shares of Northrop Grumman from a "hold" rating to a "buy" rating and set a $392.00 price target for the company in a research note on Wednesday, October 6th. The Goldman Sachs Group raised shares of Northrop Grumman from a "sell" rating to a "neutral" rating and set a $350.00 price target for the company in a research note on Thursday, September 23rd. Finally, Wells Fargo & Company raised shares of Northrop Grumman from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $335.00 to $399.00 in a research note on Monday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $404.75. Read more …

 


Nucor (NYSE:NUE) was downgraded by analysts at Wolfe Research from a "peer perform" rating to an "underperform" rating in a research report issued to clients and investors on Tuesday, Price Targets.com reports. They presently have a $102.00 price target on the basic materials company's stock. Wolfe Research's target price would suggest a potential downside of 8.81% from the company's current price.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Nucor from a "buy" rating to a "hold" rating and set a $121.00 price objective for the company. in a report on Tuesday, December 14th. Morgan Stanley boosted their price objective on Nucor from $105.00 to $107.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 26th. Credit Suisse Group reissued a "buy" rating and set a $142.00 price objective on shares of Nucor in a report on Friday, September 17th. Citigroup lowered Nucor from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $105.00 to $120.00 in a report on Tuesday, November 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Nucor from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, September 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Nucor presently has an average rating of "Hold" and an average target price of $117.00. Read more …

 


Verizon Communications (NYSE:VZ) was downgraded by equities research analysts at The Goldman Sachs Group from a "conviction-buy" rating to a "buy" rating in a report released on Tuesday, The Fly reports.

Several other brokerages also recently issued reports on VZ. Barclays decreased their price objective on shares of Verizon Communications from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Monday, October 11th. Wells Fargo & Company reduced their target price on shares of Verizon Communications from $58.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 21st. Daiwa Capital Markets assumed coverage on shares of Verizon Communications in a research report on Thursday, December 23rd. They set a "neutral" rating and a $57.00 target price on the stock. Loop Capital assumed coverage on shares of Verizon Communications in a research report on Monday, September 20th. They set a "hold" rating and a $57.00 target price on the stock. Finally, Cowen raised their target price on shares of Verizon Communications from $68.00 to $71.00 and gave the stock an "outperform" rating in a research report on Thursday, October 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $59.80. Read more …

 

 


Dominion Energy (NYSE:D) was downgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Thursday, Price Targets.com reports. They presently have a $72.00 price target on the utilities provider’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 8.36% from the stock’s current price.

A number of other research analysts have also weighed in on D. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $81.00 to $98.00 in a report on Wednesday, January 5th. Mizuho decreased their price objective on Dominion Energy from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Tuesday, October 19th. TheStreet upgraded Dominion Energy from a “c+” rating to a “b” rating in a report on Friday, November 5th. KeyCorp lifted their price target on Dominion Energy from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, October 19th. Finally, Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a report on Wednesday, December 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Buy” and a consensus target price of $83.56. Read more …

 


Corning (NYSE:GLW) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Thursday, The Fly reports.

A number of other equities analysts have also commented on the stock. Susquehanna restated a “neutral” rating and issued a $38.00 price target (down from $44.00) on shares of Corning in a research report on Wednesday, October 27th. Barclays reduced their price target on shares of Corning from $52.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 27th. Bank of America reduced their price target on shares of Corning from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, October 27th. UBS Group reduced their price target on shares of Corning from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, January 4th. Finally, The Goldman Sachs Group reduced their price target on shares of Corning from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 27th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Corning presently has an average rating of “Buy” and a consensus price target of $45.58. Read more …

 

Comments