Notable Analyst Upgrades and Downgrades for Week of March 7 2022 (Part 1)

 



Upgrades:

 


NextEra Energy (NYSE:NEE) was upgraded by research analysts at KeyCorp to an "overweight" rating in a research report issued on Monday, Stock Target Advisor reports. The firm presently has a $87.00 target price on the utilities provider's stock. KeyCorp's price target would suggest a potential upside of 8.47% from the stock's previous close.

Several other equities analysts have also recently issued reports on NEE. BMO Capital Markets boosted their price objective on NextEra Energy from $89.00 to $98.00 and gave the company an "outperform" rating in a report on Wednesday, December 8th. Morgan Stanley lowered their price objective on NextEra Energy from $90.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Friday, February 18th. Mizuho dropped their price objective on shares of NextEra Energy from $91.00 to $88.00 in a research note on Monday, January 24th. Finally, Wells Fargo & Company decreased their target price on shares of NextEra Energy from $104.00 to $102.00 and set an "overweight" rating for the company in a research note on Wednesday, January 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $89.43. Read more …

 


Bank of America (NYSE:BAC) was upgraded by research analysts at Robert W. Baird from an "underperform" rating to a "neutral" rating in a research report issued on Tuesday, Briefing.com reports. The firm presently has a $42.00 price objective on the financial services provider's stock. Robert W. Baird's price objective would indicate a potential upside of 9.55% from the company's current price.

A number of other analysts have also recently commented on BAC. Societe Generale downgraded Bank of America from a "buy" rating to a "hold" rating in a report on Wednesday, January 5th. They noted that the move was a valuation call. UBS Group assumed coverage on Bank of America in a report on Friday, December 10th. They set a "buy" rating and a $64.00 price target for the company. Zacks Investment Research downgraded Bank of America from a "buy" rating to a "hold" rating and set a $51.00 price objective on the stock. in a research note on Monday, February 7th. Morgan Stanley raised their target price on shares of Bank of America from $49.00 to $51.00 and gave the stock an "underweight" rating in a research note on Thursday, January 20th. Finally, Argus raised their price objective on shares of Bank of America from $50.00 to $55.00 in a research report on Thursday, January 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $50.38. Read more …

 


Caterpillar (NYSE:CAT) was upgraded by Jefferies Financial Group from a "hold" rating to a "buy" rating in a report issued on Tuesday, Benzinga reports. The brokerage currently has a $260.00 price objective on the industrial products company's stock, up from their previous price objective of $215.00. Jefferies Financial Group's target price would suggest a potential upside of 32.18% from the stock's current price.

Several other brokerages also recently commented on CAT. Morgan Stanley cut their price target on shares of Caterpillar from $166.00 to $164.00 and set an "underweight" rating on the stock in a report on Thursday, December 9th. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Saturday, February 5th. Credit Suisse Group dropped their price objective on shares of Caterpillar from $275.00 to $255.00 and set an "outperform" rating on the stock in a research note on Monday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Caterpillar from $233.00 to $242.00 and gave the company a "buy" rating in a research note on Friday, December 10th. Finally, Citigroup increased their price objective on shares of Caterpillar from $225.00 to $230.00 in a research note on Thursday, January 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $242.18. Read more …

 

 


Fastenal (NASDAQ:FAST) was upgraded by equities researchers at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating in a note issued to investors on Tuesday, Briefing.com reports. The brokerage presently has a $58.00 target price on the stock, up from their previous target price of $50.00. Wells Fargo & Company's target price would indicate a potential upside of 7.21% from the company's previous close.

Several other equities research analysts have also commented on FAST. Loop Capital upped their target price on Fastenal from $53.00 to $57.00 and gave the company a "hold" rating in a research report on Tuesday, December 7th. They noted that the move was a valuation call. StockNews.com lowered Fastenal from a "buy" rating to a "hold" rating in a research report on Thursday, March 3rd. Robert W. Baird upped their target price on Fastenal from $64.00 to $66.00 in a research report on Monday. Finally, Morgan Stanley upped their target price on Fastenal from $53.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, January 20th. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.50. Read more …

 


Automatic Data Processing (NASDAQ:ADP) was upgraded by Bank of America from an "underperform" rating to a "neutral" rating in a report released on Wednesday, Briefing.com reports. The brokerage presently has a $223.00 price target on the business services provider's stock. Bank of America's price target suggests a potential upside of 8.58% from the company's current price.

ADP has been the subject of a number of other reports. Zacks Investment Research raised shares of Automatic Data Processing from a "hold" rating to a "buy" rating and set a $241.00 price objective for the company in a research note on Tuesday, December 21st. Cowen reduced their price target on shares of Automatic Data Processing from $235.00 to $213.00 in a report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Automatic Data Processing from $235.00 to $203.00 and set a "hold" rating for the company in a research note on Thursday, January 27th. Mizuho dropped their price objective on shares of Automatic Data Processing from $245.00 to $235.00 and set a "buy" rating on the stock in a report on Monday, February 14th. Finally, Citigroup upped their price objective on shares of Automatic Data Processing from $220.00 to $238.00 and gave the company a "neutral" rating in a report on Wednesday, December 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Automatic Data Processing presently has a consensus rating of "Hold" and a consensus price target of $226.14. Read more …

 

 

Downgrades:

 


Bank of Montreal (NYSE:BMO) (TSE:BMO) was downgraded by National Bank Financial from an "outperform" rating to a "sector perform" rating in a report released on Monday, Analyst Price Targets reports.

BMO has been the subject of several other research reports. Stifel Europe increased their target price on shares of Bank of Montreal from C$170.00 to C$172.00 and gave the stock a "buy" rating in a research note on Wednesday, March 2nd. Barclays lifted their price target on shares of Bank of Montreal from C$167.00 to C$171.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 2nd. lifted their target price on shares of Bank of Montreal from C$152.00 to C$160.00 and gave the company a "buy" rating in a report on Monday, December 6th. TD Securities lifted their price objective on shares of Bank of Montreal from C$170.00 to C$175.00 and gave the company a "buy" rating in a research report on Wednesday, March 2nd. Finally, BMO Capital Markets lowered shares of Bank of Montreal from an "outperform" rating to a "sector perform" rating and set a C$151.00 target price on the stock. in a research report on Monday. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bank of Montreal presently has a consensus rating of "Buy" and a consensus price target of $157.38. Read more …

 

 


Citigroup (NYSE:C) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, The Fly reports. They currently have a $60.00 price objective on the stock, down from their prior price objective of $79.00. Jefferies Financial Group’s target price indicates a potential upside of 6.03% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Oppenheimer cut their price target on shares of Citigroup from $120.00 to $114.00 in a report on Tuesday, January 18th. Wells Fargo & Company decreased their target price on Citigroup from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Citigroup in a research report on Friday, December 17th. Odeon Capital Group raised Citigroup from a “hold” rating to a “buy” rating and set a $69.25 target price on the stock in a research note on Wednesday, December 15th. Finally, Piper Sandler dropped their target price on Citigroup from $88.00 to $85.00 in a report on Tuesday, January 18th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $76.14. Read more …

 


Magna International (NYSE:MGA) (TSE:MG) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Monday, The Fly reports.

Several other equities research analysts have also recently issued reports on the company. Barclays decreased their price objective on Magna International from $80.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, December 16th. Wells Fargo & Company upgraded Magna International from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $84.00 to $93.00 in a report on Thursday, December 16th. TD Securities decreased their price objective on Magna International from $98.00 to $97.00 and set a “buy” rating on the stock in a report on Monday, November 8th. Credit Suisse Group decreased their price objective on Magna International from $102.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, February 14th. Finally, Raymond James set a $68.00 price objective on Magna International and gave the stock an “underperform” rating in a report on Monday, February 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $93.09. Read more …

 


Philip Morris International (NYSE:PM) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued on Monday, The Fly reports.

Other research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Monday, February 7th. Barclays lowered their target price on Philip Morris International from $125.00 to $120.00 in a report on Friday, February 25th. Morgan Stanley lifted their price target on Philip Morris International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, January 26th. Finally, UBS Group upped their price objective on Philip Morris International from $95.00 to $110.00 and gave the stock a "neutral" rating in a research note on Thursday, February 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $111.86. Read more …

 

 


STORE Capital (NYSE:STOR) was downgraded by BMO Capital Markets from a “market perform” rating to an “underperform” rating in a note issued to investors on Monday, Analyst Ratings Network reports. They currently have a $29.00 target price on the real estate investment trust’s stock, down from their previous target price of $37.00. BMO Capital Markets’ target price would suggest a potential downside of 5.84% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Mizuho lowered their price objective on STORE Capital from $37.00 to $33.00 in a research report on Thursday, January 20th. Capital One Financial reiterated an “overweight” rating on shares of STORE Capital in a research report on Friday, January 21st. Morgan Stanley decreased their target price on STORE Capital from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, December 3rd. Zacks Investment Research lowered STORE Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, February 15th. Finally, Jefferies Financial Group lowered STORE Capital from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $37.00 in a research report on Monday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.22. Read more …

 


TELUS (NYSE:TU (TSE:T) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research report issued on Monday, The Fly reports.

TU has been the topic of several other research reports. Desjardins upped their price objective on shares of TELUS from C$33.00 to C$34.50 in a report on Monday, February 14th. Scotiabank increased their price target on shares of TELUS from C$36.00 to C$38.00 in a report on Friday, February 11th. Royal Bank of Canada increased their price target on shares of TELUS from C$32.00 to C$36.00 in a report on Friday, February 11th. JPMorgan Chase & Co. upgraded TELUS from a “neutral” rating to an “overweight” rating in a research report on Monday, February 14th. Finally, BMO Capital Markets upped their price objective on TELUS from C$32.00 to C$34.00 in a research report on Friday, February 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.55. Read more …

 


Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Monday, The Fly reports.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Thursday, February 24th. Stifel Nicolaus initiated coverage on Toronto-Dominion Bank in a report on Thursday, February 17th. They set a “hold” rating on the stock. boosted their target price on Toronto-Dominion Bank from C$96.50 to C$102.50 and gave the company a “hold” rating in a research note on Friday, December 3rd. Veritas Investment Research downgraded Toronto-Dominion Bank to a “sell” rating in a research note on Friday, December 3rd. Finally, Royal Bank of Canada boosted their target price on Toronto-Dominion Bank from C$91.00 to C$104.00 and gave the company a “sector perform” rating in a research note on Friday, December 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $101.14. Read more …

 

 


UGI (NYSE:UGI) was downgraded by stock analysts at Bank of America from a "buy" rating to a "neutral" rating in a report issued on Monday, The Fly reports.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of UGI from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a research note on Monday, December 6th. TheStreet lowered UGI from a "b" rating to a "c+" rating in a research report on Monday, February 7th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.25.

UGI stock opened at $36.34 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.22 and a debt-to-equity ratio of 1.19. The firm's 50-day moving average price is $42.48 and its two-hundred day moving average price is $43.82. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 5.26, a PEG ratio of 1.73 and a beta of 1.02. UGI has a 12-month low of $36.06 and a 12-month high of $48.55. Read more …

 


ConocoPhillips (NYSE:COP) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Analyst Ratings Network reports. They currently have a $135.00 target price on the energy producer’s stock, up from their prior target price of $110.00. Bank of America‘s price objective points to a potential upside of 33.31% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. UBS Group cut ConocoPhillips from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, February 1st. Morgan Stanley raised their price objective on ConocoPhillips from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Tuesday, January 25th. Credit Suisse Group raised their price objective on ConocoPhillips from $97.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, February 4th. Royal Bank of Canada raised their price objective on ConocoPhillips from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday. Finally, KeyCorp raised their price objective on ConocoPhillips from $98.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, March 3rd. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $94.36. Read more …

 

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