June 3, 2022

Notable Analyst Upgrades and Downgrades for Week of May 30 2022



 

Upgrades:

 


Linde (NYSE:LIN) was upgraded by Evercore ISI to an "outperform" rating in a research report issued to clients and investors on Tuesday, The Fly reports.

LIN has been the topic of a number of other reports. Credit Suisse Group began coverage on shares of Linde in a research report on Tuesday. They set an "outperform" rating and a $380.00 price objective on the stock. BMO Capital Markets lowered their price objective on shares of Linde from $405.00 to $365.00 and set an "outperform" rating on the stock in a research report on Monday, February 14th. Jefferies Financial Group began coverage on shares of Linde in a research report on Wednesday, March 30th. They set a "buy" rating and a $390.00 price objective on the stock. HSBC boosted their target price on shares of Linde from $366.00 to $382.00 and gave the stock a "buy" rating in a research report on Friday, February 18th. Finally, Zacks Investment Research raised shares of Linde from a "sell" rating to a "hold" rating and set a $312.00 target price for the company in a research report on Monday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Linde currently has an average rating of "Buy" and a consensus price target of $367.14. Read more …

 


Magellan Midstream Partners (NYSE:MMP) was upgraded by stock analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other analysts have also commented on MMP. TD Securities boosted their target price on Magellan Midstream Partners from $51.00 to $52.00 and gave the company a "hold" rating in a research report on Friday, May 6th. Morgan Stanley boosted their target price on Magellan Midstream Partners from $50.00 to $54.00 and gave the company an "underweight" rating in a research report on Tuesday, April 26th. JPMorgan Chase & Co. raised Magellan Midstream Partners from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $52.00 to $57.00 in a research report on Wednesday, May 25th. StockNews.com started coverage on Magellan Midstream Partners in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Finally, Mizuho boosted their target price on Magellan Midstream Partners from $50.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, March 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.30. Read more …

 


Danaher (NYSE:DHR) was upgraded by investment analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other research analysts have also recently commented on the company. William Blair restated an "outperform" rating on shares of Danaher in a research report on Friday, April 22nd. UBS Group decreased their target price on Danaher from $365.00 to $340.00 in a research report on Sunday, April 24th. StockNews.com cut Danaher from a "buy" rating to a "hold" rating in a research report on Friday, April 22nd. Zacks Investment Research cut Danaher from a "buy" rating to a "hold" rating and set a $278.00 target price on the stock. in a research report on Monday, April 25th. Finally, Robert W. Baird decreased their target price on Danaher from $334.00 to $319.00 and set an "outperform" rating on the stock in a research report on Friday, April 22nd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $331.14. Read more …

 

 


Xylem (NYSE:XYL) was upgraded by investment analysts at Cowen from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm currently has a $75.00 target price on the industrial products company's stock. Cowen's price objective indicates a potential downside of 10.98% from the stock's current price.

Other analysts have also recently issued reports about the company. Stifel Nicolaus dropped their price objective on Xylem from $100.00 to $90.00 and set a "hold" rating for the company in a report on Monday, April 18th. Raymond James raised Xylem from an "underperform" rating to a "market perform" rating in a report on Tuesday, April 5th. Morgan Stanley dropped their price objective on Xylem from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, April 18th. Zacks Investment Research raised Xylem from a "sell" rating to a "hold" rating and set a $89.00 price target for the company in a research note on Thursday, May 12th. Finally, TheStreet cut Xylem from a "b" rating to a "c+" rating in a research note on Monday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Xylem has an average rating of "Hold" and a consensus price target of $108.55. Read more …

 


Agree Realty (NYSE:ADC) was upgraded by research analysts at Bank of America from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other research firms have also recently commented on ADC. Royal Bank of Canada lowered their target price on Agree Realty from $80.00 to $75.00 in a research note on Thursday, February 24th. StockNews.com started coverage on Agree Realty in a report on Thursday, March 31st. They issued a "hold" rating on the stock. Raymond James lowered their target price on Agree Realty from $83.00 to $76.00 and set a "strong-buy" rating on the stock in a research report on Thursday, February 24th. Morgan Stanley began coverage on Agree Realty in a research report on Friday, April 1st. They set an "overweight" rating and a $75.00 price target on the stock. Finally, JMP Securities began coverage on Agree Realty in a research note on Tuesday, May 10th. They issued an "outperform" rating and a $81.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $76.21. Read more …

 


Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by analysts at CIBC from a “neutral” rating to a “sector outperform” rating in a report issued on Thursday, The Fly reports.

CNI has been the subject of a number of other research reports. Argus upgraded 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. Evercore ISI upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $128.00 price target for the company in a research report on Thursday, May 26th. 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. BMO Capital Markets raised Canadian National Railway from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research note on Wednesday, May 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Canadian National Railway from C$171.00 to C$159.00 in a research note on Friday, April 8th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $146.95. Read more …

 

 


Ecolab (NYSE:ECL) was upgraded by analysts at Credit Suisse Group from a "neutral" rating to an "outperform" rating in a report issued on Friday, The Fly reports. The firm currently has a $195.00 price objective on the basic materials company's stock, up from their prior price objective of $180.00. Credit Suisse Group's price objective would suggest a potential upside of 12.63% from the stock's current price.

Several other brokerages also recently issued reports on ECL. StockNews.com began coverage on Ecolab in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Ecolab from $230.00 to $210.00 in a research note on Thursday, February 17th. JPMorgan Chase & Co. raised Ecolab from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $191.00 to $190.00 in a research note on Wednesday, April 27th. Mizuho decreased their target price on Ecolab from $210.00 to $198.00 in a research note on Wednesday, April 27th. Finally, Argus reduced their price objective on Ecolab from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Ecolab presently has a consensus rating of "Buy" and an average target price of $203.88. Read more …

 

 

Downgrades:

 


Essex Property Trust (NYSE:ESS) was downgraded by equities researchers at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a note issued to investors on Tuesday, The Fly reports.

Several other research analysts have also recently commented on ESS. Barclays cut shares of Essex Property Trust from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $367.00 to $310.00 in a report on Tuesday, May 10th. Piper Sandler lowered their target price on shares of Essex Property Trust from $420.00 to $400.00 in a report on Wednesday, May 4th. The Goldman Sachs Group raised shares of Essex Property Trust from a "sell" rating to a "buy" rating and lowered their target price for the stock from $352.00 to $338.00 in a report on Tuesday, May 17th. TheStreet cut shares of Essex Property Trust from a "b-" rating to a "c+" rating in a research note on Friday, May 13th. Finally, Mizuho decreased their price objective on shares of Essex Property Trust from $382.00 to $342.00 and set a "buy" rating on the stock in a research note on Wednesday, February 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Essex Property Trust has an average rating of "Hold" and an average target price of $352.07. Read more …

 


LyondellBasell Industries (NYSE:LYB) was downgraded by research analysts at Alembic Global Advisors from an "overweight" rating to a "neutral" rating in a report issued on Tuesday, Briefing.com reports. They presently have a $115.00 price target on the specialty chemicals company's stock, down from their prior price target of $120.00. Alembic Global Advisors' price target would suggest a potential downside of 1.78% from the stock's current price.

LYB has been the topic of a number of other reports. Barclays increased their target price on LyondellBasell Industries from $125.00 to $130.00 in a report on Monday, May 2nd. Bank of America lowered LyondellBasell Industries from a "neutral" rating to an "underperform" rating and increased their price target for the company from $107.00 to $108.00 in a research report on Tuesday, March 22nd. Citigroup increased their price target on LyondellBasell Industries from $101.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, January 31st. Zacks Investment Research lowered LyondellBasell Industries from a "hold" rating to a "sell" rating and set a $105.00 price target for the company. in a research report on Thursday, February 3rd. Finally, StockNews.com raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and an average target price of $114.44. Read more …

 

 


Fortis (NYSE:FTS) was downgraded by investment analysts at Wells Fargo & Company from an "equal weight" rating to an "underweight" rating in a research report issued to clients and investors on Wednesday, The Fly reports.

FTS has been the subject of several other research reports. StockNews.com began coverage on shares of Fortis in a research note on Thursday, March 31st. They issued a "hold" rating for the company. National Bank Financial raised their target price on shares of Fortis from C$59.00 to C$60.00 in a research report on Friday, May 6th. CIBC cut their target price on shares of Fortis from C$61.00 to C$60.00 in a research report on Monday, February 14th. Scotiabank raised their target price on shares of Fortis from C$61.00 to C$63.00 in a research report on Tuesday, April 19th. Finally, Zacks Investment Research upgraded shares of Fortis from a "sell" rating to a "hold" rating in a research report on Tuesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.92. Read more …

 


Medtronic (NYSE:MDT) was downgraded by Atlantic Securities from an "overweight" rating to a "neutral" rating in a report issued on Wednesday, The Fly reports.

A number of other analysts also recently weighed in on MDT. Truist Financial reduced their price target on shares of Medtronic from $121.00 to $111.00 and set a "hold" rating for the company in a report on Friday, May 27th. Sanford C. Bernstein reissued a "buy" rating and set a $122.00 price target on shares of Medtronic in a report on Friday, May 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Medtronic from $149.00 to $121.00 in a research report on Friday, May 27th. Piper Sandler lowered their price objective on shares of Medtronic from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Thursday, May 26th. Finally, StockNews.com assumed coverage on shares of Medtronic in a research report on Thursday, March 31st. They set a "buy" rating for the company. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $122.32. Read more …

 


Albemarle (NYSE:ALB) was downgraded by equities researchers at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, The Fly reports.

Several other research firms also recently weighed in on ALB. Wells Fargo & Company lifted their target price on Albemarle from $285.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 24th. Mizuho lifted their price objective on Albemarle from $243.00 to $293.00 in a report on Friday, May 6th. KeyCorp lifted their target price on Albemarle from $215.00 to $217.00 and gave the company an “underweight” rating in a research note on Tuesday, May 24th. Robert W. Baird dropped their price target on Albemarle from $245.00 to $228.00 in a research note on Tuesday, February 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $290.00 price target on shares of Albemarle in a research note on Monday, May 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Albemarle currently has a consensus rating of “Buy” and an average target price of $278.65.  Read more …

 

 


Crown Castle International (NYSE:CCI) was downgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "underweight" rating in a research report issued on Thursday, The Fly reports.

Other equities research analysts have also issued reports about the company. Raymond James lifted their price objective on Crown Castle International from $184.00 to $206.00 and gave the stock an "outperform" rating in a research report on Friday, April 22nd. KeyCorp lifted their price objective on Crown Castle International from $202.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Crown Castle International from $209.00 to $204.00 and set a "buy" rating on the stock in a research report on Thursday, February 3rd. StockNews.com assumed coverage on Crown Castle International in a research report on Thursday, March 31st. They issued a "buy" rating on the stock. Finally, Barclays cut their price objective on Crown Castle International from €222.00 ($238.71) to €214.00 ($230.11) in a research report on Friday, March 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine 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 a consensus target price of $205.62. Read more …

 


Comcast (NASDAQ:CMCSA) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued to investors on Thursday, Briefing.com reports. They currently have a $50.00 price objective on the cable giant’s stock, down from their prior price objective of $63.00. Wolfe Research’s price objective would suggest a potential upside of 15.31% from the stock’s current price.

Several other equities research analysts have also recently weighed in on CMCSA. Oppenheimer lowered their price objective on shares of Comcast from $75.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 14th. JPMorgan Chase & Co. cut their price target on shares of Comcast from $60.00 to $52.00 in a research note on Friday, April 29th. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 12th. Morgan Stanley dropped their price target on shares of Comcast from $60.00 to $55.00 in a research report on Friday, April 29th. Finally, Pivotal Research decreased their price objective on shares of Comcast from $62.00 to $57.00 in a report on Thursday, April 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $58.38. Read more …

 


Travelers Companies (NYSE:TRV) was downgraded by equities research analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a report issued on Friday, The Fly reports.

TRV has been the subject of several other reports. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday. Morgan Stanley decreased their target price on Travelers Companies from $184.00 to $181.00 and set an "equal weight" rating for the company in a research report on Monday, May 23rd. MKM Partners boosted their price target on shares of Travelers Companies from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, April 6th. Zacks Investment Research upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $199.00 price objective for the company in a report on Monday, March 28th. Finally, Raymond James raised shares of Travelers Companies from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $178.47. Read more …

 

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