Notable Analyst Upgrades and Downgrades for Week of May 23 2022



 

Upgrades:

 


Consolidated Edison (NYSE:ED) was upgraded by research analysts at Guggenheim from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $94.00 price target on the utilities provider’s stock. Guggenheim’s target price would suggest a potential downside of 6.37% from the stock’s previous close.

Several other equities research analysts also recently commented on ED. The Goldman Sachs Group boosted their target price on shares of Consolidated Edison from $65.00 to $83.00 and gave the company a “sell” rating in a research note on Thursday, March 31st. Royal Bank of Canada upped their price target on shares of Consolidated Edison from $88.00 to $89.00 and gave the stock a “sector perform” rating in a research report on Monday, March 28th. Wells Fargo & Company downgraded shares of Consolidated Edison from an “equal weight” rating to a “sell” rating and upped their price target for the stock from $85.00 to $94.00 in a research report on Tuesday, May 3rd. KeyCorp upped their price target on shares of Consolidated Edison from $71.00 to $72.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 20th. Finally, Credit Suisse Group began coverage on shares of Consolidated Edison in a research report on Monday, April 25th. They set a “neutral” rating and a $100.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.58. Read more …

 


DTE Energy (NYSE:DTE) was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has a $140.00 target price on the utilities provider’s stock, down from their previous target price of $142.00. Credit Suisse Group’s target price points to a potential upside of 4.37% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Argus lifted their price objective on shares of DTE Energy from $130.00 to $132.00 in a report on Thursday, March 10th. Bank of America upgraded shares of DTE Energy from an “underperform” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Tuesday, February 15th. Citigroup boosted their price target on shares of DTE Energy from $134.00 to $146.00 in a report on Tuesday, May 3rd. StockNews.com began coverage on shares of DTE Energy in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley lifted their price objective on shares of DTE Energy from $133.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $130.91. Read more …

 


JPMorgan Chase & Co. (NYSE:JPM) was upgraded by Societe Generale from a “hold” rating to a “buy” rating in a report issued on Tuesday, Briefing.com reports.

A number of other research analysts also recently weighed in on JPM. Argus lowered their price objective on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. The Goldman Sachs Group set a $151.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, April 14th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $147.00 price objective on the stock in a research report on Monday, March 21st. Royal Bank of Canada set a $175.00 price objective on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Thursday, April 14th. Finally, Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $161.67. Read more …

 

 


Air Products and Chemicals (NYSE:APD) was upgraded by investment analysts at Atlantic Securities from a "neutral" rating to an "overweight" rating in a report issued on Wednesday, The Fly reports. The brokerage presently has a $290.00 price target on the basic materials company's stock, up from their previous price target of $280.00. Atlantic Securities' target price would indicate a potential upside of 22.46% from the stock's current price.

APD has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Air Products and Chemicals from $300.00 to $272.00 in a research report on Tuesday, May 10th. BMO Capital Markets downgraded shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $383.00 to $280.00 in a report on Tuesday, February 8th. Credit Suisse Group reduced their price target on shares of Air Products and Chemicals from $302.00 to $290.00 and set an "outperform" rating on the stock in a report on Friday, May 20th. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a "neutral" rating to an "overweight" rating and set a $275.00 price objective on the stock in a research note on Monday, March 21st. Finally, Wells Fargo & Company lowered shares of Air Products and Chemicals from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $275.00 to $255.00 in a research report on Wednesday, May 11th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Buy" and an average price target of $303.00. Read more …

 


CME Group (NASDAQ:CME) was upgraded by analysts at Oppenheimer from a "market perform" rating to an "outperform" rating in a report issued on Wednesday, The Fly reports.

A number of other research analysts also recently commented on CME. Morgan Stanley increased their price target on CME Group from $255.00 to $271.00 and gave the company an "equal weight" rating in a report on Wednesday, April 13th. UBS Group reduced their target price on CME Group from $275.00 to $269.00 in a report on Tuesday, April 5th. Bank of America increased their target price on CME Group from $244.00 to $252.00 and gave the stock an "underperform" rating in a report on Thursday, February 10th. Argus raised CME Group from a "hold" rating to a "buy" rating in a report on Monday, May 16th. Finally, JPMorgan Chase & Co. reduced their target price on CME Group from $202.00 to $201.00 and set a "neutral" rating on the stock in a report on Thursday, February 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $249.00. Read more …

 


Magellan Midstream Partners (NYSE:MMP) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Wednesday, The Fly reports.

Other equities research analysts also recently issued reports about the company. StockNews.com initiated coverage on Magellan Midstream Partners in a research note on Thursday, March 31st. They issued a "hold" rating for the company. Morgan Stanley raised their price target on Magellan Midstream Partners from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 26th. TD Securities raised their price target on Magellan Midstream Partners from $51.00 to $52.00 and gave the stock a "hold" rating in a research note on Friday, May 6th. Wells Fargo & Company cut their price target on Magellan Midstream Partners to $54.00 and set an "equal weight" rating for the company in a research note on Friday, May 20th. Finally, Mizuho raised their price target on Magellan Midstream Partners from $50.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $51.78. Read more …

 

 


AmerisourceBergen (NYSE:ABC) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Thursday, The Fly reports.

Several other equities research analysts also recently issued reports on ABC. Morgan Stanley downgraded AmerisourceBergen from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $142.00 to $178.00 in a research note on Tuesday, April 12th. Argus upped their target price on AmerisourceBergen from $140.00 to $160.00 in a research note on Monday, March 14th. StockNews.com upgraded AmerisourceBergen from a “buy” rating to a “strong-buy” rating in a report on Friday, May 6th. Robert W. Baird raised their target price on AmerisourceBergen from $179.00 to $187.00 in a research note on Thursday, May 5th. Finally, Mizuho upped their price objective on shares of AmerisourceBergen from $139.00 to $162.00 in a research note on Thursday, May 5th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AmerisourceBergen has an average rating of “Buy” and an average target price of $164.43. Read more …

 


Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by investment analysts at Evercore ISI to an "outperform" rating in a report issued on Thursday, The Fly reports.

Several other equities research analysts have also recently commented on CNI. JPMorgan Chase & Co. dropped their price objective on Canadian National Railway from C$171.00 to C$159.00 in a research report on Friday, April 8th. CIBC increased their price objective on Canadian National Railway from C$165.00 to C$169.00 in a research report on Thursday, April 14th. StockNews.com began coverage on Canadian National Railway in a research report on Thursday, March 31st. They set a "hold" rating on the stock. Raymond James cut Canadian National Railway from an "outperform" rating to a "market perform" rating in a research report on Friday, April 22nd. Finally, Scotiabank dropped their price objective on Canadian National Railway from C$174.00 to C$172.00 in a research report on Wednesday, April 27th. Seventeen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $147.86. Read more …

 


Sysco (NYSE:SYY) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report issued on Thursday, The Fly reports.

SYY has been the subject of a number of other research reports. Truist Financial assumed coverage on Sysco in a research report on Tuesday, February 1st. They issued a "buy" rating and a $89.00 price objective for the company. Barclays raised their price objective on Sysco from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Monday, April 25th. Morgan Stanley increased their target price on Sysco from $86.00 to $94.00 in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft increased their target price on Sysco from $82.00 to $84.00 in a report on Wednesday, May 11th. Finally, Credit Suisse Group raised their price target on Sysco from $97.00 to $107.00 in a report on Wednesday, May 11th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $92.89. Read more …

 

 

 

Downgrades:

 


Corning (NYSE:GLW) was downgraded by equities researchers at Citigroup from a "buy" rating to a "neutral" rating in a research note issued on Monday, The Fly reports.

Several other analysts have also recently weighed in on the stock. Susquehanna Bancshares upgraded shares of Corning from a "neutral" rating to a "positive" rating and raised their price objective for the company from $38.00 to $50.00 in a research report on Friday, January 28th. Bank of America decreased their target price on shares of Corning from $48.00 to $45.00 in a research report on Tuesday, January 25th. JPMorgan Chase & Co. lifted their target price on shares of Corning from $45.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, January 27th. StockNews.com upgraded shares of Corning from a "hold" rating to a "buy" rating in a research report on Friday, April 29th. Finally, Morgan Stanley reiterated a "hold" rating and issued a $40.00 target price on shares of Corning in a research report on Thursday, April 14th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Corning presently has a consensus rating of "Buy" and a consensus target price of $46.00. Read more …

 


Citigroup downgraded shares of HP (NYSE:HPQ) from a buy rating to a neutral rating in a report issued on Monday, MarketBeat.com reports. They currently have $38.00 price target on the computer maker’s stock, down from their prior price target of $40.00.

Several other research firms also recently weighed in on HPQ. Barclays cut their target price on HP from $30.00 to $29.00 and set an underweight rating on the stock in a research report on Thursday, March 31st. Evercore ISI reissued a buy rating and set a $42.00 target price on shares of HP in a research report on Friday, February 25th. StockNews.com raised HP from a hold rating to a buy rating in a research report on Wednesday, May 4th. UBS Group downgraded HP from a buy rating to a neutral rating and set a $40.00 target price on the stock. in a research report on Friday, April 8th. Finally, Morgan Stanley downgraded HP from an equal weight rating to an underweight rating and cut their target price for the company from $34.00 to $31.00 in a research report on Thursday, March 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, HP currently has an average rating of Hold and an average price target of $36.19. Read more …

 


NIKE (NYSE:NKE) was downgraded by equities researchers at KGI Securities from an "outperform" rating to a "neutral" rating in a research note issued on Monday, The Fly reports.

Several other research firms have also commented on NKE. Cowen dropped their target price on NIKE from $192.00 to $144.00 and set an "outperform" rating on the stock in a report on Tuesday, March 8th. Stifel Nicolaus dropped their target price on shares of NIKE from $202.00 to $160.00 in a research report on Thursday, March 17th. Credit Suisse Group set a $165.00 price target on shares of NIKE in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NIKE from $173.00 to $175.00 in a research note on Tuesday, March 22nd. Finally, Truist Financial increased their price target on shares of NIKE from $164.00 to $176.00 in a report on Tuesday, March 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $171.52. Read more …

 

 


Realty Income (NYSE:O) was downgraded by equities researchers at Wolfe Research from an "outperform" rating to a "market perform" rating in a research report issued on Monday, Marketbeat reports. They presently have a $73.00 target price on the real estate investment trust's stock. Wolfe Research's price objective points to a potential upside of 7.50% from the stock's current price.

O has been the subject of a number of other research reports. TheStreet raised shares of Realty Income from a "c+" rating to a "b" rating in a research report on Wednesday, May 4th. StockNews.com initiated coverage on shares of Realty Income in a research report on Thursday, March 31st. They set a "hold" rating for the company. Morgan Stanley dropped their target price on shares of Realty Income from $79.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, March 3rd. Finally, Capital One Financial reissued an "equal weight" rating on shares of Realty Income in a research report on Monday, April 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Realty Income presently has a consensus rating of "Hold" and an average price target of $76.60. Read more …

 


Eaton (NYSE:ETN) was downgraded by Barclays from an "equal weight" rating to an "underweight" rating in a research note issued to investors on Tuesday, The Fly reports. They presently have a $120.00 price target on the industrial products company's stock. Barclays's target price indicates a potential downside of 12.26% from the stock's current price.

A number of other equities research analysts also recently commented on ETN. Credit Suisse Group reduced their target price on Eaton from $187.00 to $179.00 in a research report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Eaton from $176.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, April 14th. William Blair reiterated a "market perform" rating on shares of Eaton in a research report on Thursday, March 3rd. Morgan Stanley boosted their price objective on Eaton to $180.00 and gave the company an "overweight" rating in a report on Tuesday, May 17th. Finally, StockNews.com upgraded Eaton from a "hold" rating to a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $171.80. Read more …

 


Best Buy (NYSE:BBY) was downgraded by equities researchers at Barclays from a “buy” rating to an “equal weight” rating in a report issued on Wednesday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Best Buy from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research note on Monday. Wedbush dropped their target price on Best Buy from $110.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, May 16th. Telsey Advisory Group reduced their price target on shares of Best Buy from $130.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. Citigroup decreased their price target on shares of Best Buy from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, May 13th. Finally, StockNews.com raised shares of Best Buy from a “hold” rating to a “buy” rating in a research note on Thursday, May 19th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $109.13. Read more …

 

 


Cardinal Health (NYSE:CAH) was downgraded by research analysts at Barclays from an "overweight" rating to an "equal weight" rating in a research note issued to investors on Thursday, The Fly reports.

CAH has been the subject of a number of other reports. Robert W. Baird upped their price objective on shares of Cardinal Health from $52.00 to $57.00 in a research note on Friday, February 4th. 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 report on Monday, March 14th. Credit Suisse Group decreased their price target on shares of Cardinal Health from $60.00 to $58.00 and set a "neutral" rating for the company in a research report on Friday, February 4th. Evercore ISI raised shares of Cardinal Health from an "in-line" rating to an "outperform" rating and increased their price target for the company from $55.00 to $68.00 in a research report on Wednesday, May 18th. 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 report on Tuesday, April 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $59.90. Read more …

 


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

Several other analysts also recently weighed in on the stock. StockNews.com assumed coverage on shares of CVS Health in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. BMO Capital Markets lifted their price target on CVS Health from $108.00 to $120.00 in a research report on Thursday, February 10th. Raymond James cut CVS Health from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $120.00 in a research report on Friday, February 11th. Tigress Financial raised their price objective on CVS Health from $122.00 to $125.00 in a research note on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on CVS Health from $110.00 to $113.00 in a research note on Thursday, May 5th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CVS Health presently has an average rating of “Buy” and an average price target of $116.05. Read more …

 


UnitedHealth Group (NYSE:UNH) was downgraded by investment analysts at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a report issued on Thursday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other equities research analysts also recently issued reports on UNH. Credit Suisse Group increased their price objective on shares of UnitedHealth Group from $564.00 to $595.00 and gave the stock an "outperform" rating in a research note on Monday, April 18th. StockNews.com began coverage on shares of UnitedHealth Group in a report on Thursday, March 31st. They issued a "strong-buy" rating for the company. Morgan Stanley increased their target price on shares of UnitedHealth Group from $570.00 to $577.00 and gave the stock an "overweight" rating in a report on Monday, April 18th. Royal Bank of Canada set a $563.00 target price on shares of UnitedHealth Group and gave the stock an "outperform" rating in a report on Monday, April 18th. Finally, Wells Fargo & Company dropped their target price on shares of UnitedHealth Group from $613.00 to $612.00 and set an "overweight" rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $550.13. Read more …

 

 


Medtronic (NYSE:MDT) was downgraded by equities research analysts at Needham & Company LLC from a “buy” rating to a “hold” rating in a report issued on Friday, The Fly reports.

A number of other brokerages also recently weighed in on MDT. StockNews.com started coverage on shares of Medtronic in a research report on Thursday, March 31st. They set a “buy” rating for the company. Cowen set a $125.00 target price on Medtronic and gave the stock an “outperform” rating in a research report on Monday. SVB Leerink reissued a “market perform” rating on shares of Medtronic in a research note on Wednesday, April 13th. Raymond James dropped their target price on Medtronic from $127.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, February 18th. Finally, Cowen boosted their price target on shares of Medtronic to $125.00 in a research report on Monday. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $126.30. Read more …

 

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