July 16, 2022

Notable Analyst Upgrades and Downgrades for Week of July 11 2022 (Part 2)



 

Upgrades:

 


Cullen/Frost Bankers (NYSE:CFR) was upgraded by research analysts at Compass Point from a "sell" rating to a "neutral" rating in a report issued on Wednesday, The Fly reports. The firm presently has a $128.00 price objective on the bank's stock. Compass Point's price target indicates a potential upside of 9.25% from the company's current price.

CFR has been the topic of a number of other reports. JPMorgan Chase & Co. raised shares of Cullen/Frost Bankers from an "underweight" rating to an "overweight" rating and lifted their target price for the stock from $143.00 to $155.00 in a research note on Wednesday, June 15th. Bank of America upgraded shares of Cullen/Frost Bankers from an "underperform" rating to a "neutral" rating and set a $144.00 price target for the company in a research report on Friday, April 8th. Truist Financial dropped their price target on shares of Cullen/Frost Bankers from $149.00 to $134.00 in a research report on Wednesday, June 15th. Jefferies Financial Group dropped their price target on shares of Cullen/Frost Bankers from $156.00 to $124.00 in a research report on Monday. Finally, StockNews.com began coverage on shares of Cullen/Frost Bankers in a research report on Thursday, March 31st. They set a "sell" rating for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of "Hold" and a consensus target price of $136.08. Read more …

 


Costco Wholesale (NASDAQ:COST) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a $579.00 price objective on the retailer's stock, up from their previous price objective of $525.00. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 17.63% from the stock's previous close.

A number of other research firms also recently issued reports on COST. Stifel Nicolaus lifted their price objective on Costco Wholesale from $555.00 to $565.00 in a research note on Thursday, May 5th. Truist Financial boosted their target price on Costco Wholesale from $503.00 to $543.00 and gave the company a "buy" rating in a research report on Friday, May 27th. Raymond James cut their target price on Costco Wholesale from $645.00 to $560.00 in a research report on Tuesday, May 31st. The Goldman Sachs Group boosted their target price on Costco Wholesale from $561.00 to $627.00 and gave the company a "buy" rating in a research report on Thursday, April 7th. Finally, Robert W. Baird cut their target price on Costco Wholesale from $600.00 to $560.00 and set an "outperform" rating on the stock in a research report on Friday, May 27th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $571.72. Read more …

 


QUALCOMM (NASDAQ:QCOM) was upgraded by stock analysts at Edward Jones from a "hold" rating to a "buy" rating in a research note issued on Friday, The Fly reports.

A number of other equities analysts have also commented on the stock. UBS Group reduced their price target on shares of QUALCOMM from $185.00 to $155.00 in a research report on Thursday, April 28th. Morgan Stanley boosted their price target on shares of QUALCOMM from $167.00 to $170.00 in a research report on Thursday, April 28th. JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $205.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday. Tigress Financial boosted their target price on shares of QUALCOMM from $195.00 to $238.00 in a research note on Thursday, May 5th. Finally, Barclays dropped their target price on shares of QUALCOMM from $185.00 to $160.00 and set an "equal weight" rating for the company in a research note on Monday, April 25th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average price target of $195.08. Read more …

 

 

 

Downgrades:

 


JPMorgan Chase & Co. cut shares of Union Pacific (NYSE:UNP) from an overweight rating to a neutral rating in a research note issued to investors on Tuesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has $232.00 target price on the railroad operator’s stock, down from their prior target price of $272.00.

A number of other research analysts have also weighed in on the company. Susquehanna lowered Union Pacific from a positive rating to a neutral rating and set a $235.00 target price on the stock. in a report on Wednesday, July 6th. They noted that the move was a valuation call. Susquehanna Bancshares lowered Union Pacific from a positive rating to a neutral rating and set a $235.00 target price on the stock. in a research note on Wednesday, July 6th. Morgan Stanley reduced their price target on Union Pacific from $215.00 to $210.00 and set an equal weight rating for the company in a research report on Friday, July 8th. TD Securities lifted their price target on Union Pacific from $265.00 to $275.00 and gave the company a hold rating in a research report on Friday, April 22nd. Finally, Bank of America cut Union Pacific from a buy rating to a neutral rating and set a $258.00 price target for the company. in a research report on Friday, April 8th. Twelve research 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 company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $253.10. Read more …

 


Wolfe Research downgraded shares of United Parcel Service (NYSE:UPS) from a peer perform rating to an underperform rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

Several other research firms have also issued reports on UPS. Berenberg Bank set a $200.00 price objective on United Parcel Service in a research note on Friday, May 27th. Oppenheimer decreased their target price on United Parcel Service from $249.00 to $217.00 in a report on Wednesday, April 27th. Loop Capital upgraded United Parcel Service from a hold rating to a buy rating and decreased their target price for the stock from $232.00 to $189.00 in a report on Thursday, April 14th. Stephens decreased their target price on United Parcel Service from $240.00 to $220.00 and set an equal weight rating on the stock in a report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. cut United Parcel Service from an overweight rating to a neutral rating and set a $202.00 target price on the stock. in a report on Friday, May 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $222.58. Read more …

 


Ecolab (NYSE:ECL) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.

Other analysts have also recently issued research reports about the company. Edward Jones raised Ecolab from a “hold” rating to a “buy” rating in a research report on Thursday, March 17th. Wells Fargo & Company started coverage on Ecolab in a research report on Tuesday. They set an “overweight” rating and a $187.00 price objective for the company. Atlantic Securities started coverage on Ecolab in a research report on Tuesday, April 5th. They issued an “overweight” rating and a $210.00 price target for the company. StockNews.com started coverage on Ecolab in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Ecolab from $200.00 to $195.00 in a research report on Wednesday, June 8th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.24. Read more …

 

 


Freeport-McMoRan (NYSE:FCX) was downgraded by equities researchers at Citigroup from a "buy" rating to a "neutral" rating in a research note issued on Wednesday, The Fly reports.

A number of other equities research analysts have also commented on FCX. BNP Paribas lowered Freeport-McMoRan from an "outperform" rating to a "neutral" rating and set a $50.00 target price on the stock. in a research report on Tuesday, April 5th. Morgan Stanley reiterated an "equal weight" rating on shares of Freeport-McMoRan in a research report on Thursday, June 23rd. BMO Capital Markets lowered their price objective on Freeport-McMoRan from $62.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, April 22nd. Stifel Nicolaus upped their price objective on Freeport-McMoRan from $49.00 to $54.00 in a research report on Thursday, March 17th. Finally, StockNews.com lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Friday, July 8th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.00. Read more …

 


Southern Copper (NYSE:SCCO) was downgraded by equities researchers at Wolfe Research from a “peer perform” rating to an “underperform” rating in a report released on Thursday, MarketBeat Ratings reports.

A number of other brokerages have also recently commented on SCCO. Barclays dropped their price target on shares of Southern Copper from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 8th. StockNews.com lowered shares of Southern Copper from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 10th. Finally, Morgan Stanley decreased their target price on shares of Southern Copper from $66.00 to $52.00 and set an “underweight” rating on the stock in a report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Southern Copper currently has a consensus rating of “Hold” and an average target price of $60.88. Read more …

 


A. O. Smith (NYSE:AOS) was downgraded by equities researchers at Robert W. Baird from an "outperform" rating to a "neutral" rating in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $60.00 price target on the industrial products company's stock. Robert W. Baird's price target points to a potential upside of 8.13% from the stock's previous close.

AOS has been the topic of a number of other research reports. William Blair cut A. O. Smith from an "outperform" rating to a "market perform" rating in a report on Sunday, May 1st. StockNews.com raised A. O. Smith from a "hold" rating to a "buy" rating in a report on Tuesday, May 17th. Longbow Research raised A. O. Smith from a "neutral" rating to a "buy" rating and set a $71.00 price target on the stock in a report on Wednesday, July 6th. UBS Group lowered their price objective on shares of A. O. Smith from $85.00 to $64.00 and set a "neutral" rating on the stock in a research report on Friday, May 20th. Finally, Stifel Nicolaus lowered their price target on shares of A. O. Smith from $80.00 to $73.00 and set a "hold" rating on the stock in a report on Monday, April 18th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $76.00. Read more …

 

 


Dollar General (NYSE:DG) was downgraded by equities research analysts at Citigroup from a "buy" rating to a "neutral" rating in a report released on Thursday, Marketbeat.com reports. They presently have a $258.00 price objective on the stock. Citigroup's target price points to a potential upside of 4.61% from the company's previous close.

A number of other analysts have also recently issued reports on the stock. Oppenheimer raised their target price on shares of Dollar General to $240.00 in a research note on Thursday, May 26th. StockNews.com lowered shares of Dollar General from a "buy" rating to a "hold" rating in a report on Friday, May 27th. Loop Capital reiterated a "buy" rating on shares of Dollar General in a research report on Friday, May 20th. Telsey Advisory Group lowered their price objective on shares of Dollar General from $265.00 to $230.00 and set an "outperform" rating on the stock in a report on Tuesday, May 24th. Finally, Truist Financial upped their target price on shares of Dollar General from $178.00 to $227.00 and gave the stock a "hold" rating in a research note on Friday, May 27th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Dollar General presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.31. Read more …

 


Fastenal (NASDAQ:FAST) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat.com reports. They currently have a $48.00 price objective on the stock. Robert W. Baird’s price objective would indicate a potential upside of 4.85% from the stock’s previous close.

Several other brokerages also recently commented on FAST. Wells Fargo & Company lifted their target price on Fastenal from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 14th. UBS Group decreased their price objective on shares of Fastenal from $62.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com upgraded shares of Fastenal from a “hold” rating to a “buy” rating in a research note on Saturday, June 4th. Finally, Morgan Stanley upped their price target on shares of Fastenal from $53.00 to $56.00 and gave the company an “underweight” rating in a research note on Thursday, April 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.67. Read more …

 


Cisco Systems (NASDAQ:CSCO) was downgraded by KGI Securities from an "outperform" rating to a "neutral" rating in a report released on Friday, The Fly reports.

CSCO has been the topic of a number of other reports. Rosenblatt Securities assumed coverage on shares of Cisco Systems in a research report on Tuesday. They issued a "neutral" rating and a $48.00 price objective on the stock. Piper Sandler decreased their target price on shares of Cisco Systems from $57.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, May 19th. Cowen decreased their target price on shares of Cisco Systems to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, May 19th. Barclays decreased their target price on shares of Cisco Systems from $68.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, May 19th. Finally, Bank of America decreased their target price on shares of Cisco Systems from $62.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, May 19th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of "Hold" and an average price target of $54.23. Read more …

 

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