May 20, 2022

Notable Analyst Upgrades and Downgrades for Week of May 16 2022



 

Upgrades:

 


Canadian Western Bank (TSE:CWB) was upgraded by research analysts at National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research report issued to clients and investors on Sunday.

A number of other brokerages have also weighed in on CWB. National Bankshares upgraded Canadian Western Bank from a “sector perform” rating to a “buy” rating and set a C$44.00 price objective on the stock in a research report on Monday. TD Securities boosted their price objective on Canadian Western Bank from C$43.00 to C$47.00 in a research report on Tuesday, February 15th. Raymond James boosted their price objective on Canadian Western Bank from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Monday, February 28th. CIBC lowered Canadian Western Bank from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$45.00 to C$38.00 in a research report on Monday, April 11th. Finally, Barclays reduced their price objective on Canadian Western Bank from C$44.00 to C$38.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$42.86. Read more …

 


Essex Property Trust (NYSE:ESS) was upgraded by analysts at The Goldman Sachs Group from a "sell" rating to a "buy" rating in a report issued on Tuesday, The Fly reports. The firm presently has a $338.00 target price on the real estate investment trust's stock, down from their previous target price of $352.00. The Goldman Sachs Group's price objective would indicate a potential upside of 15.80% from the company's current price.

Several other research analysts have also recently issued reports on ESS. TheStreet cut shares of Essex Property Trust from a "b-" rating to a "c+" rating in a report on Friday. Truist Financial cut their target price on shares of Essex Property Trust from $378.00 to $370.00 and set a "buy" rating for the company in a research note on Monday, March 21st. Piper Sandler cut their target price on shares of Essex Property Trust from $420.00 to $400.00 in a research note on Wednesday, May 4th. Morgan Stanley increased their target price on shares of Essex Property Trust from $335.00 to $365.00 and gave the company an "equal weight" rating in a research note on Friday, April 8th. Finally, StockNews.com started coverage on shares of Essex Property Trust in a research note on Thursday, March 31st. They set a "hold" rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $359.00. Read more …

 


Cardinal Health (NYSE:CAH) was upgraded by analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a report issued on Wednesday, Briefing.com reports. The brokerage presently has a $68.00 price target on the stock, up from their prior price target of $55.00. Evercore ISI's target price would suggest a potential upside of 19.93% from the company's current price.

Several other analysts also recently commented on the stock. Credit Suisse Group dropped their target price on shares of Cardinal Health from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, February 4th. StockNews.com cut shares of Cardinal Health from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 6th. TheStreet cut shares of Cardinal Health from a "c+" rating to a "d+" rating in a research note on Thursday, May 5th. Zacks Investment Research raised shares of Cardinal Health from a "sell" rating to a "hold" rating and set a $55.00 price target for the company in a research note on Monday, March 14th. Finally, Morgan Stanley raised shares of Cardinal Health from an "equal weight" rating to an "overweight" rating and set a $74.00 price target for the company in a research note on Tuesday, April 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Cardinal Health has a consensus rating of "Hold" and an average target price of $59.90. Read more …

 

 


Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by research analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other brokerages also recently commented on CNI. StockNews.com assumed coverage on Canadian National Railway in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Argus raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Thursday, February 17th. They noted that the move was a valuation call. Desjardins reduced their price objective on Canadian National Railway from C$173.00 to C$172.00 in a research note on Thursday, April 28th. Scotiabank cut their price target on Canadian National Railway from C$174.00 to C$172.00 in a research note on Wednesday, April 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Canadian National Railway from $137.00 to $142.00 and gave the company a "buy" rating in a report on Thursday, January 27th. 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.com, Canadian National Railway currently has an average rating of "Hold" and a consensus target price of $147.76. Read more …

 


Cisco Systems (NASDAQ:CSCO) was upgraded by analysts at KGI Securities from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, The Fly reports.

A number of other research firms have also recently issued reports on CSCO. Wells Fargo & Company cut shares of Cisco Systems from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $70.00 to $65.00 in a research note on Thursday, March 10th. StockNews.com assumed coverage on shares of Cisco Systems in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Loop Capital assumed coverage on shares of Cisco Systems in a research note on Monday, February 14th. They issued a “buy” rating and a $71.00 target price for the company. The Goldman Sachs Group cut shares of Cisco Systems from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Wednesday, January 19th. Finally, Morgan Stanley dropped their price target on shares of Cisco Systems from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Hold” and an average price target of $58.32. Read more …

 


Public Storage (NYSE:PSA) was upgraded by investment analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research note issued to investors on Thursday, The Fly reports.

Other research analysts have also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Public Storage from $333.00 to $357.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 1st. The Goldman Sachs Group upped their target price on shares of Public Storage from $398.00 to $440.00 and gave the stock a "neutral" rating in a report on Thursday, April 14th. Zacks Investment Research lowered shares of Public Storage from a "buy" rating to a "hold" rating and set a $335.00 target price on the stock. in a report on Wednesday. StockNews.com raised shares of Public Storage from a "hold" rating to a "buy" rating in a report on Friday, May 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Public Storage from $385.00 to $434.00 and gave the stock an "overweight" rating in a research note on Monday, April 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $361.08. Read more …

 

 

 

Downgrades:

 


CME Group (NASDAQ:CME) was downgraded by analysts at Argus from a "buy" rating to a "hold" rating in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $230.00 price target on the financial services provider's stock. Argus' target price indicates a potential upside of 14.94% from the company's previous close.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their price target on CME Group from $235.00 to $260.00 and gave the company a "hold" rating in a research note on Thursday, February 10th. Credit Suisse Group decreased their price target on CME Group from $265.00 to $262.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 5th. Compass Point lifted their price target on CME Group from $235.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, February 10th. Atlantic Securities downgraded CME Group from an "overweight" rating to a "neutral" rating and set a $250.00 price target on the stock. in a research note on Tuesday, February 8th. Finally, Morgan Stanley lifted their price target on CME Group from $255.00 to $271.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $252.85. Read more …

 


Unilever (NYSE:UL) was downgraded by Societe Generale from a “buy” rating to a “sell” rating in a report issued on Monday, The Fly reports.

Several other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein raised shares of Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, March 14th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. Royal Bank of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 15th. Finally, The Goldman Sachs Group began coverage on shares of Unilever in a report on Friday, February 25th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.51. Read more …

 


Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) was downgraded by equities researchers at Bank of America from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, The Fly reports.

BNS has been the subject of a number of other research reports. TD Securities downgraded Bank of Nova Scotia from a "buy" rating to a "hold" rating in a research report on Thursday, March 10th. Barclays upped their target price on shares of Bank of Nova Scotia from C$97.00 to C$99.00 in a research report on Wednesday, March 2nd. Stifel Nicolaus dropped their price target on shares of Bank of Nova Scotia from C$107.00 to C$106.00 in a research note on Friday, April 8th. BMO Capital Markets raised their price objective on shares of Bank of Nova Scotia from C$93.00 to C$95.00 in a research note on Wednesday, March 2nd. Finally, Zacks Investment Research upgraded shares of Bank of Nova Scotia from a "sell" rating to a "hold" rating in a research report on Thursday, February 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of "Hold" and a consensus target price of $93.66. Read more …

 

 


Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) was downgraded by research analysts at Bank of America from a "buy" rating to a "neutral" rating in a research note issued on Tuesday, The Fly reports.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating in a research note on Tuesday, March 8th. Stifel Nicolaus cut their target price on Canadian Imperial Bank of Commerce from C$87.00 to C$86.00 and set a "hold" rating for the company in a research note on Friday, April 8th. Barclays lowered shares of Canadian Imperial Bank of Commerce from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $81.00 to $84.50 in a report on Wednesday, January 19th. StockNews.com began coverage on Canadian Imperial Bank of Commerce in a research note on Thursday, March 31st. They set a "hold" rating on the stock. Finally, Scotiabank lifted their price objective on Canadian Imperial Bank of Commerce from C$83.00 to C$91.00 in a research note on Friday, February 18th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $82.42. Read more …

 


Stifel Nicolaus lowered shares of Target (NYSE:TGT) from a buy rating to a hold rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets upped their price target on Target from $275.00 to $295.00 and gave the stock an outperform rating in a report on Wednesday, March 2nd. Evercore ISI assumed coverage on Target in a research report on Friday, February 25th. They issued a hold rating and a $235.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Target from $353.00 to $305.00 and set a buy rating on the stock in a research report on Monday, February 28th. Morgan Stanley dropped their price target on Target from $260.00 to $255.00 and set an equal weight rating on the stock in a research report on Tuesday, January 18th. Finally, Gordon Haskett raised Target from a hold rating to a buy rating and upped their price target for the company from $255.00 to $300.00 in a research report on Friday, April 8th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Target currently has an average rating of Buy and an average target price of $277.23. Read more …

 


Bank of New York Mellon (NYSE:BK) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report issued on Thursday, The Fly reports.

A number of other equities analysts also recently weighed in on BK. Wells Fargo & Company lowered their target price on shares of Bank of New York Mellon from $70.00 to $63.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 22nd. Barclays lowered their target price on shares of Bank of New York Mellon from $74.00 to $68.00 and set an "overweight" rating on the stock in a report on Tuesday, April 19th. The Goldman Sachs Group lowered their target price on shares of Bank of New York Mellon from $60.00 to $51.50 and set a "neutral" rating on the stock in a report on Tuesday, April 19th. Morgan Stanley lowered their target price on shares of Bank of New York Mellon from $58.00 to $55.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 19th. Finally, JPMorgan Chase & Co. downgraded shares of Bank of New York Mellon from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $59.00 to $51.50 in a report on Wednesday, April 27th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Bank of New York Mellon presently has a consensus rating of "Hold" and an average target price of $57.86. Read more …

 

 


Norfolk Southern (NYSE:NSC) was downgraded by Citigroup from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They currently have a $260.00 target price on the railroad operator's stock, down from their previous target price of $345.00. Citigroup's price target points to a potential upside of 9.44% from the stock's previous close.

NSC has been the subject of a number of other research reports. Susquehanna dropped their price objective on Norfolk Southern from $356.00 to $350.00 and set a "positive" rating for the company in a research report on Thursday, April 7th. StockNews.com started coverage on shares of Norfolk Southern in a research note on Thursday, March 31st. They set a "hold" rating on the stock. The Goldman Sachs Group boosted their price target on Norfolk Southern from $313.00 to $320.00 in a report on Wednesday, January 26th. TD Securities raised their price objective on Norfolk Southern from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 28th. Finally, Susquehanna Bancshares dropped their target price on Norfolk Southern from $356.00 to $350.00 in a research note on Thursday, April 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Norfolk Southern has an average rating of "Hold" and a consensus target price of $304.41. Read more …

 


Nestlé (OTCMKTS:NSRGY) was downgraded by stock analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, The Fly reports.

A number of other equities analysts have also recently commented on NSRGY. Exane BNP Paribas raised shares of Nestlé from a “neutral” rating to an “outperform” rating and lifted their target price for the company from CHF 132 to CHF 135 in a report on Monday, March 14th. Morgan Stanley dropped their price objective on shares of Nestlé from CHF 140 to CHF 135 in a research note on Wednesday, February 23rd. Royal Bank of Canada boosted their price objective on shares of Nestlé from CHF 96 to CHF 98 and gave the company a “sector perform” rating in a research note on Friday, April 22nd. UBS Group boosted their price objective on shares of Nestlé from €50.00 ($52.08) to €51.00 ($53.13) in a research note on Tuesday, March 29th. Finally, Zacks Investment Research raised shares of Nestlé from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $110.80. Read more …

 


Thor Industries (NYSE:THO) was downgraded by stock analysts at DA Davidson from a "neutral" rating to an "underperform" rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other research analysts also recently issued reports on THO. MKM Partners started coverage on shares of Thor Industries in a research note on Thursday, May 5th. They issued a "neutral" rating and a $89.00 price target for the company. BMO Capital Markets dropped their target price on Thor Industries from $110.00 to $95.00 in a report on Monday. Truist Financial downgraded Thor Industries from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $100.00 in a report on Wednesday, March 2nd. BNP Paribas downgraded Thor Industries from a "neutral" rating to an "underperform" rating and set a $65.00 price objective on the stock. in a report on Wednesday, April 13th. Finally, Citigroup decreased their target price on Thor Industries from $92.00 to $86.00 and set a "neutral" rating for the company in a research note on Tuesday, April 19th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Thor Industries currently has an average rating of "Hold" and a consensus price target of $99.55. Read more …

 

 


Union Pacific (NYSE:UNP) was downgraded by investment analysts at Citigroup from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Thursday, The Fly reports.

UNP has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $267.00 to $276.00 and gave the company an "overweight" rating in a research note on Friday, April 8th. Raymond James upped their price target on shares of Union Pacific from $280.00 to $285.00 and gave the company a "strong-buy" rating in a research note on Friday, April 22nd. UBS Group downgraded shares of Union Pacific from a "buy" rating to a "neutral" rating and decreased their price target for the company from $283.00 to $267.00 in a research note on Friday, April 22nd. Royal Bank of Canada cut shares of Union Pacific from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $271.00 to $258.00 in a research report on Thursday, March 17th. Finally, Cowen upped their price objective on shares of Union Pacific from $236.00 to $257.00 in a research report on Friday, January 21st. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of "Buy" and an average price target of $267.74. Read more …

 


Allstate (NYSE:ALL) was downgraded by equities researchers at Argus from a "buy" rating to a "hold" rating in a report issued on Friday, The Fly reports.

ALL has been the topic of a number of other research reports. Morgan Stanley increased their price target on Allstate from $140.00 to $152.00 and gave the company an "equal weight" rating in a research note on Thursday, April 14th. StockNews.com initiated coverage on Allstate in a research note on Thursday, March 31st. They issued a "hold" rating on the stock. Piper Sandler dropped their price target on Allstate from $150.00 to $147.00 and set an "overweight" rating on the stock in a research note on Friday, April 22nd. The Goldman Sachs Group upgraded Allstate from a "sell" rating to a "buy" rating and increased their price target for the company from $111.00 to $142.00 in a research note on Wednesday, March 2nd. Finally, Wells Fargo & Company upped their price objective on Allstate from $105.00 to $123.00 and gave the company an "underweight" rating in a report on Tuesday, April 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned 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 $142.31. Read more …

 


Dollar General (NYSE:DG) was downgraded by analysts at Gordon Haskett from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. StockNews.com upgraded Dollar General from a "hold" rating to a "buy" rating in a report on Thursday. Raymond James restated a "buy" rating and set a $260.00 target price on shares of Dollar General in a report on Friday, March 18th. Deutsche Bank Aktiengesellschaft raised their target price on Dollar General from $230.00 to $242.00 and gave the stock a "buy" rating in a report on Friday, March 18th. JPMorgan Chase & Co. reduced their target price on Dollar General from $272.00 to $263.00 and set an "overweight" rating on the stock in a report on Monday, March 14th. Finally, Piper Sandler reduced their target price on Dollar General from $270.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $243.47. Read more …

 

 


PPG Industries (NYSE:PPG) was downgraded by research analysts at Berenberg Bank from a "buy" rating to a "hold" rating in a report released on Friday, The Fly reports.

PPG has been the subject of several other research reports. Seaport Res Ptn reiterated a "neutral" rating on shares of PPG Industries in a research note on Monday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PPG Industries from $180.00 to $155.00 in a report on Monday, April 25th. Morgan Stanley lowered their price target on shares of PPG Industries from $175.00 to $150.00 and set an "equal weight" rating for the company in a report on Monday, April 25th. Robert W. Baird lowered their price target on shares of PPG Industries from $200.00 to $180.00 in a report on Monday, April 25th. Finally, Jefferies Financial Group lowered their price target on shares of PPG Industries from $170.00 to $130.00 and set a "hold" rating for the company in a report on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, PPG Industries presently has a consensus rating of "Hold" and a consensus price target of $167.13. Read more …

 

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