Notable Analyst Upgrades and Downgrades for Week of January 24 2022 (Part 1)



 

Upgrades:

 


Comcast (NASDAQ:CMCSA) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Monday, The Fly reports. The brokerage presently has a $60.00 price target on the cable giant’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 20.65% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Loop Capital decreased their target price on Comcast from $71.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, November 22nd. Citigroup cut Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $53.00 in a report on Wednesday, December 15th. Barclays decreased their target price on Comcast from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, November 1st. Macquarie cut Comcast from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $65.00 to $52.00 in a report on Tuesday, December 14th. Finally, UBS Group decreased their target price on Comcast from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, December 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Buy” and a consensus target price of $63.48. Read more …

 


UBS Group (NYSE:UBS) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Monday, Price Targets.com reports.

Several other equities analysts have also commented on the stock. DZ Bank lowered shares of UBS Group from a “buy” rating to a “hold” rating and set a CHF 18 target price on the stock. in a report on Tuesday, October 26th. JPMorgan Chase & Co. raised their target price on shares of UBS Group from CHF 21 to CHF 22 in a report on Friday, January 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Wednesday, December 1st. Morgan Stanley restated an “equal weight” rating on shares of UBS Group in a research note on Monday, November 29th. Finally, BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 7th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $18.80. Read more …

 


California Water Service Group (NYSE:CWT) was upgraded by investment analysts at Seaport Res Ptn from a "sell" rating to a "neutral" rating in a research note issued to investors on Tuesday, Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of California Water Service Group from $62.00 to $63.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 1st. Zacks Investment Research raised shares of California Water Service Group from a "hold" rating to a "buy" rating and set a $64.00 target price for the company in a research note on Tuesday, November 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.67.

NYSE:CWT opened at $61.57 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.06 and a current ratio of 1.09. The firm's 50-day moving average is $66.69 and its 200-day moving average is $63.44. California Water Service Group has a 52-week low of $51.02 and a 52-week high of $72.08. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 27.99 and a beta of 0.18. Read more …

 

 


NIKE (NYSE:NKE) was upgraded by equities research analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report issued on Tuesday, Briefing.com reports. The brokerage presently has a $175.00 price target on the footwear maker's stock. Wells Fargo & Company's target price would indicate a potential upside of 19.86% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Wedbush initiated coverage on shares of NIKE in a research note on Monday, October 4th. They set an "outperform" rating and a $170.00 price objective on the stock. Credit Suisse Group set a $176.00 price target on shares of NIKE in a research report on Tuesday, January 4th. Telsey Advisory Group lifted their price target on NIKE from $176.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, December 16th. The Goldman Sachs Group set a $172.00 price target on NIKE and gave the stock a "buy" rating in a research note on Monday, December 6th. Finally, Morgan Stanley lowered their target price on NIKE from $206.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $180.31. Read more …

 


ViacomCBS (NASDAQ:VIAC) was upgraded by research analysts at KeyCorp to a "sector weight" rating in a research report issued to clients and investors on Tuesday, Stock Target Advisor reports.

VIAC has been the topic of a number of other research reports. Credit Suisse Group reduced their price target on ViacomCBS from $46.00 to $42.00 and set a "neutral" rating on the stock in a report on Friday, November 5th. Royal Bank of Canada lowered their price objective on ViacomCBS from $52.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, November 5th. The Goldman Sachs Group decreased their target price on shares of ViacomCBS from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, November 5th. Needham & Company LLC dropped their target price on shares of ViacomCBS from $80.00 to $45.00 and set a "buy" rating for the company in a report on Friday. Finally, Rosenblatt Securities dropped their target price on shares of ViacomCBS from $45.00 to $42.00 and set a "neutral" rating for the company in a report on Wednesday, November 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $47.00. Read more …

 

Xcel Energy (NASDAQ:XEL) was upgraded by equities researchers at Evercore ISI to an "outperform" r


ating in a research report issued on Tuesday, The Fly reports.

Several other research analysts have also recently weighed in on XEL. Zacks Investment Research upgraded shares of Xcel Energy from a "sell" rating to a "hold" rating and set a $69.00 price target on the stock in a report on Thursday, October 21st. Barclays upgraded shares of Xcel Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $75.00 to $76.00 in a report on Friday, October 1st. The Goldman Sachs Group upgraded shares of Xcel Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $73.00 to $76.00 in a report on Tuesday, October 12th. KeyCorp lifted their price objective on shares of Xcel Energy from $75.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 13th. Finally, Mizuho raised shares of Xcel Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $64.00 to $72.00 in a research report on Monday, January 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Xcel Energy has a consensus rating of "Buy" and an average price target of $72.00. Read more …

 

 


Albemarle (NYSE:ALB) was upgraded by equities researchers at HSBC from a “hold” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.

Several other brokerages also recently issued reports on ALB. The Goldman Sachs Group downgraded shares of Albemarle from a “neutral” rating to a “sell” rating and lifted their price target for the company from $199.00 to $205.00 in a research report on Wednesday, December 15th. Royal Bank of Canada upgraded shares of Albemarle from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $246.00 to $280.00 in a research report on Tuesday, October 19th. KeyCorp lifted their price target on shares of Albemarle from $144.00 to $153.00 and gave the company an “underweight” rating in a research report on Monday, January 10th. Citigroup dropped their price target on shares of Albemarle from $323.00 to $280.00 in a research report on Tuesday, January 11th. Finally, Bank of America lifted their price target on shares of Albemarle from $211.00 to $220.00 and gave the company an “underperform” rating in a research report on Monday, November 8th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $243.75. Read more …

 


American Express (NYSE:AXP) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, The Fly reports. The firm currently has a $204.00 price objective on the payment services company’s stock. Bank of America‘s target price suggests a potential upside of 17.84% from the company’s previous close.

A number of other research analysts also recently commented on AXP. Morgan Stanley boosted their target price on American Express from $209.00 to $211.00 and gave the company an “overweight” rating in a research note on Monday, December 6th. Deutsche Bank Aktiengesellschaft upped their price target on American Express from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, October 25th. Credit Suisse Group upped their price target on American Express from $150.00 to $155.00 and gave the stock an “underperform” rating in a research note on Monday, October 25th. They noted that the move was a valuation call. Royal Bank of Canada upped their price target on American Express from $185.00 to $195.00 and gave the stock a “sector perform” rating in a research note on Monday, October 25th. Finally, BMO Capital Markets upped their price target on American Express from $147.00 to $151.00 and gave the stock a “market perform” rating in a research note on Monday, October 25th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.50. Read more …

 


Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, The Fly reports. Raymond James also issued estimates for Canadian National Railway’s Q4 2021 earnings at $1.17 EPS, Q1 2022 earnings at $1.11 EPS, Q2 2022 earnings at $1.30 EPS, Q3 2022 earnings at $1.38 EPS, Q4 2022 earnings at $1.51 EPS and FY2023 earnings at $6.24 EPS.

CNI has been the subject of a number of other research reports. Morgan Stanley started coverage on shares of Canadian National Railway in a report on Thursday, December 2nd. They issued an “equal weight” rating and a $149.00 price target for the company. BMO Capital Markets raised their price target on shares of Canadian National Railway from C$155.00 to C$160.00 and gave the stock a “market perform” rating in a report on Wednesday, October 20th. They noted that the move was a valuation call. Atlantic Securities started coverage on shares of Canadian National Railway in a report on Tuesday, November 16th. They set a “neutral” rating for the company. CIBC cut shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 27th. They noted that the move was a valuation call. Finally, Vertical Research cut shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $129.00 target price for the company. in a report on Thursday, December 16th. Seventeen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of $145.74. Read more …

 

 

 

Downgrades:

 


Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) was downgraded by research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.

Several other brokerages also recently issued reports on CNQ. Credit Suisse Group raised their price objective on shares of Canadian Natural Resources from C$53.00 to C$59.00 and gave the stock a “neutral” rating in a research report on Monday, October 18th. JPMorgan Chase & Co. cut shares of Canadian Natural Resources from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $62.00 to $66.00 in a report on Thursday, December 9th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating and set a $46.00 target price on the stock. in a report on Wednesday, January 5th. Bank of America initiated coverage on shares of Canadian Natural Resources in a report on Monday, January 10th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on shares of Canadian Natural Resources from C$67.50 to C$80.00 in a report on Thursday, January 13th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $57.59. Read more …

 


PPG Industries (NYSE:PPG) was downgraded by investment analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a report issued on Monday, Analyst Price Targets reports. They presently have a $170.00 target price on the specialty chemicals company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 12.35% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Evercore ISI upgraded shares of PPG Industries from an “in-line” rating to an “outperform” rating and set a $190.00 target price for the company in a research note on Tuesday, December 7th. Bank of America raised their price target on shares of PPG Industries from $185.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, October 22nd. Barclays raised their price target on shares of PPG Industries from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Friday, October 22nd. Citigroup raised their price target on shares of PPG Industries from $161.00 to $169.00 and gave the stock a “neutral” rating in a research report on Friday, October 22nd. Finally, BMO Capital Markets lowered their price target on shares of PPG Industries from $188.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, October 22nd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $177.32. Read more …

 


National Grid (NYSE:NGG) was downgraded by investment analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a note issued to investors on Tuesday, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. Citigroup downgraded shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Monday. Sanford C. Bernstein downgraded National Grid from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $1,120.00 to $1,105.00 in a research report on Monday, January 10th. Credit Suisse Group upped their price target on National Grid from GBX 1,100 ($14.84) to GBX 1,200 ($16.19) in a research report on Wednesday, January 19th. Argus downgraded National Grid from a "buy" rating to a "hold" rating in a research note on Wednesday, October 6th. Finally, UBS Group reaffirmed a "buy" rating on shares of National Grid in a research note on Monday, November 22nd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $873.00. Read more …

 

 


Novo Nordisk A/S (NYSE:NVO) was downgraded by investment analysts at Liberum Capital from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday, Briefing.com reports.

Several other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Novo Nordisk A/S from a "buy" rating to a "hold" rating in a report on Friday, December 17th. Credit Suisse Group reiterated a "neutral" rating on shares of Novo Nordisk A/S in a report on Thursday, November 4th. SEB Equities upgraded shares of Novo Nordisk A/S from a "hold" rating to a "buy" rating in a report on Monday, October 18th. Citigroup cut shares of Novo Nordisk A/S from a "buy" rating to a "neutral" rating in a report on Monday, December 20th. Finally, Danske cut shares of Novo Nordisk A/S from a "buy" rating to a "hold" rating in a report on Monday, December 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Novo Nordisk A/S presently has a consensus rating of "Hold" and an average target price of $341.50. Read more …

 


Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) was downgraded by equities researchers at Citigroup from a "buy" rating to a "neutral" rating in a research note issued to investors on Wednesday, Briefing.com reports. They currently have a $61.00 price objective on the financial services provider's stock, down from their prior price objective of $68.50. Citigroup's price objective suggests a potential upside of 13.28% from the company's current price.

A number of other equities research analysts have also weighed in on the stock. Credit Suisse Group lifted their price objective on shares of Brookfield Asset Management from $54.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday, November 10th. Zacks Investment Research downgraded shares of Brookfield Asset Management from a "buy" rating to a "hold" rating in a research report on Friday, October 15th. raised their target price on shares of Brookfield Asset Management from $66.00 to $69.00 and gave the company a "buy" rating in a research report on Friday, November 12th. The Goldman Sachs Group downgraded shares of Brookfield Asset Management from a "conviction-buy" rating to a "buy" rating in a research report on Friday, November 12th. Finally, TD Securities raised their target price on shares of Brookfield Asset Management from $71.00 to $72.00 and gave the company an "action list buy" rating in a research report on Monday, November 8th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $64.40. Read more …

 


Church & Dwight (NYSE:CHD) was downgraded by research analysts at Credit Suisse Group from an "outperform" rating to a "neutral" rating in a report issued on Wednesday, Briefing.com reports. They currently have a $105.00 price objective on the stock. Credit Suisse Group's price target points to a potential upside of 3.32% from the company's current price.

CHD has been the subject of several other research reports. JPMorgan Chase & Co. reiterated a "sell" rating on shares of Church & Dwight in a research report on Tuesday, November 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $91.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, November 30th. Wells Fargo & Company lifted their price target on Church & Dwight from $89.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 30th. Stifel Nicolaus boosted their target price on Church & Dwight from $89.00 to $92.00 and gave the company a "hold" rating in a research report on Tuesday, November 30th. Finally, Oppenheimer boosted their target price on Church & Dwight from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and an average price target of $92.38. Read more …

 

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