Notable Analyst Upgrades and Downgrades for Week of July 18 2022



 

Upgrades:

 


Berenberg Bank upgraded shares of JPMorgan Chase & Co. (NYSE:JPM) from a sell rating to a hold rating in a research report report published on Monday, Marketbeat.com reports. They currently have $120.00 price objective on the financial services provider’s stock.

JPM has been the subject of several other research reports. The Goldman Sachs Group set a $151.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a buy rating in a research report on Thursday, April 14th. Citigroup raised shares of JPMorgan Chase & Co. from a neutral rating to a buy rating and reduced their price objective for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. Jefferies Financial Group reduced their price objective on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a hold rating for the company in a research report on Monday, July 11th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $148.00 price objective (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Finally, Piper Sandler reduced their price objective on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an overweight rating for the company in a research report on Friday, July 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of Hold and a consensus target price of $145.95. Read more …

 


WD-40 (NASDAQ:WDFC) was upgraded by investment analysts at DA Davidson from a "neutral" rating to a "buy" rating in a report issued on Monday, The Fly reports.

A number of other research firms have also issued reports on WDFC. StockNews.com started coverage on shares of WD-40 in a research note on Thursday, March 31st. They set a "hold" rating on the stock. TheStreet lowered shares of WD-40 from a "b-" rating to a "c+" rating in a research note on Friday, July 8th. Finally, BWS Financial started coverage on shares of WD-40 in a research note on Thursday. They set a "sell" rating and a $88.00 price objective on the stock.

Shares of WDFC stock opened at $168.11 on Monday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 37.95 and a beta of -0.17. The company has a quick ratio of 1.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.56. WD-40 has a fifty-two week low of $163.61 and a fifty-two week high of $258.72. The firm's 50 day moving average price is $186.31 and its two-hundred day moving average price is $199.26. Read more …

 


The Goldman Sachs Group upgraded shares of Yum! Brands (NYSE:YUM) from a sell rating to a buy rating in a report released on Monday, Marketbeat reports. The brokerage currently has $135.00 price target on the restaurant operator’s stock, up from their prior price target of $125.00.

YUM has been the subject of several other reports. Citigroup lowered their target price on shares of Yum! Brands from $156.00 to $148.00 in a research note on Thursday, May 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Yum! Brands from $142.00 to $136.00 in a research note on Thursday, May 5th. BMO Capital Markets lowered their price objective on shares of Yum! Brands from $140.00 to $130.00 in a research note on Thursday, May 5th. Credit Suisse Group lowered their price objective on shares of Yum! Brands from $137.00 to $130.00 in a research note on Thursday, May 5th. Finally, Barclays lowered their price objective on shares of Yum! Brands from $124.00 to $120.00 and set an equal weight rating for the company in a research note on Thursday, June 9th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $138.00. Read more …

 

 


Cboe Global Markets (NASDAQ:CBOE) was upgraded by Morgan Stanley from an "underweight" rating to an "overweight" rating in a report issued on Tuesday, The Fly reports.

CBOE has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cboe Global Markets from $131.00 to $136.00 and gave the stock a "buy" rating in a research note on Wednesday, July 13th. Credit Suisse Group increased their target price on Cboe Global Markets from $143.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 13th. Citigroup reduced their target price on Cboe Global Markets from $155.00 to $145.00 in a report on Wednesday, April 13th. StockNews.com began coverage on Cboe Global Markets in a report on Thursday, March 31st. They issued a "hold" rating for the company. Finally, Rosenblatt Securities increased their target price on Cboe Global Markets from $152.00 to $154.00 and gave the company a "buy" rating in a report on Thursday, April 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of "Moderate Buy" and an average price target of $139.63. Read more …

 


Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) was upgraded by Bank of America from a "neutral" rating to a "buy" rating in a report released on Tuesday, The Fly reports. The brokerage currently has a $100.00 price target on the oil and gas producer's stock. Bank of America's price objective would suggest a potential upside of 104.88% from the company's current price.

CNQ has been the subject of a number of other research reports. TD Securities upped their price objective on Canadian Natural Resources from C$90.00 to C$94.00 in a research note on Friday, May 6th. Stifel Nicolaus increased their price target on Canadian Natural Resources from C$111.00 to C$115.00 in a research note on Thursday, June 30th. StockNews.com initiated coverage on Canadian Natural Resources in a research note on Thursday, March 31st. They issued a "buy" rating for the company. BMO Capital Markets raised their price objective on Canadian Natural Resources from C$92.00 to C$95.00 in a research note on Friday, May 6th. Finally, The Goldman Sachs Group increased their price target on Canadian Natural Resources from $64.00 to $72.00 and gave the stock a "neutral" rating in a report on Friday, May 20th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.67. Read more …

 


Exxon Mobil (NYSE:XOM) was upgraded by stock analysts at Piper Sandler to an “overweight” rating in a report released on Tuesday, Stock Target Advisor reports. The firm currently has a $109.00 price objective on the oil and gas company’s stock, up from their previous price objective of $102.00. Piper Sandler’s price objective points to a potential upside of 26.60% from the company’s current price.

A number of other research firms also recently weighed in on XOM. JPMorgan Chase & Co. set a $100.00 price target on shares of Exxon Mobil in a research note on Tuesday, March 29th. Barclays increased their price target on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Cowen upped their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Morgan Stanley increased their price target on shares of Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, June 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $92.30. Read more …

 

 


KeyCorp upgraded shares of Albemarle (NYSE:ALB) from an underweight rating to a sector weight rating in a research report released on Wednesday, Marketbeat.com reports.

Several other analysts also recently issued reports on ALB. Jefferies Financial Group reissued a buy rating and issued a $290.00 price target on shares of Albemarle in a research report on Monday, May 16th. Mizuho lifted their price target on shares of Albemarle from $243.00 to $293.00 in a research report on Friday, May 6th. Cowen lifted their price target on shares of Albemarle from $275.00 to $300.00 in a research report on Friday, May 6th. Oppenheimer lifted their price target on shares of Albemarle from $307.00 to $368.00 in a research report on Friday, May 6th. Finally, Credit Suisse Group initiated coverage on shares of Albemarle in a research report on Monday, June 27th. They issued an underperform rating and a $185.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $271.05. Read more …

 


HSBC upgraded shares of Chevron (NYSE:CVX) from a hold rating to a buy rating in a research report report published on Wednesday, Marketbeat reports. HSBC currently has $167.00 target price on the oil and gas company’s stock, down from their previous target price of $183.00.

Several other equities analysts have also commented on CVX. Citigroup dropped their price target on shares of Chevron from $170.00 to $150.00 and set a neutral rating on the stock in a research note on Wednesday, July 13th. The Goldman Sachs Group reduced their target price on Chevron from $181.00 to $162.00 and set a neutral rating for the company in a report on Wednesday, June 22nd. Bank of America dropped their price target on Chevron from $205.00 to $178.00 and set a buy rating on the stock in a research note on Tuesday. Credit Suisse Group boosted their price objective on Chevron from $190.00 to $202.00 and gave the company an outperform rating in a research note on Thursday, June 9th. Finally, Royal Bank of Canada lowered shares of Chevron from an outperform rating to a sector perform rating and raised their target price for the stock from $160.00 to $165.00 in a research report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $172.35. Read more …

 


Xylem (NYSE:XYL) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, The Fly reports. The firm currently has a $94.00 price objective on the industrial products company’s stock, up from their previous price objective of $90.00. Stifel Nicolaus’ target price would suggest a potential upside of 13.31% from the stock’s current price.

XYL has been the topic of several other research reports. Cowen raised Xylem from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Wednesday, June 1st. StockNews.com started coverage on Xylem in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Northcoast Research started coverage on Xylem in a research report on Friday, July 15th. They set a “neutral” rating on the stock. Morgan Stanley dropped their target price on Xylem from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, June 9th. Finally, Mizuho dropped their target price on Xylem from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Xylem currently has an average rating of “Hold” and a consensus price target of $103.67. Read more …

 

 

 

Downgrades:

 


Barclays cut shares of Franco-Nevada (NYSE:FNV) (TSE:FNV) from an equal weight rating to an underweight rating in a research report released on Tuesday, MarketBeat.com reports. The brokerage currently has $112.00 target price on the basic materials company’s stock, down from their previous target price of $130.00.

A number of other research firms also recently commented on FNV. National Bank Financial boosted their target price on Franco-Nevada from C$210.00 to C$225.00 in a research report on Wednesday, April 20th. Canaccord Genuity Group downgraded Franco-Nevada from a buy rating to a hold rating in a research report on Tuesday, April 5th. Raymond James set a $190.00 target price on Franco-Nevada and gave the stock an outperform rating in a research report on Friday, May 6th. StockNews.com assumed coverage on Franco-Nevada in a research report on Thursday, March 31st. They set a hold rating on the stock. Finally, Canaccord Genuity Group downgraded Franco-Nevada from a buy rating to a hold rating in a research report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $174.86. Read more …

 


Cummins (NYSE:CMI) was downgraded by Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $190.00 price objective on the stock, down from their prior price objective of $238.00. Sanford C. Bernstein’s price target points to a potential downside of 7.83% from the company’s current price.

A number of other equities analysts have also commented on CMI. Morgan Stanley cut their price objective on shares of Cummins from $205.00 to $187.00 and set an “equal weight” rating for the company in a research report on Monday. Cowen reduced their price target on shares of Cummins from $281.00 to $267.00 in a research report on Thursday, July 7th. StockNews.com upgraded Cummins from a “hold” rating to a “buy” rating in a research report on Wednesday, May 11th. Citigroup dropped their price objective on Cummins from $260.00 to $220.00 in a research note on Tuesday, April 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Cummins from $232.00 to $216.00 and set a “hold” rating on the stock in a research note on Wednesday, July 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Cummins presently has an average rating of “Moderate Buy” and an average price target of $238.09. Read more …

 


WEC Energy Group (NYSE:WEC) was downgraded by stock analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, The Fly reports. They presently have a $98.00 price target on the utilities provider’s stock, down from their prior price target of $108.00. Credit Suisse Group’s price target would indicate a potential downside of 1.08% from the company’s current price.

A number of other research analysts also recently issued reports on WEC. StockNews.com began coverage on WEC Energy Group in a report on Thursday, March 31st. They set a “hold” rating for the company. Bank of America upgraded WEC Energy Group from a “neutral” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Friday, May 13th. Mizuho decreased their price objective on WEC Energy Group from $107.00 to $93.00 and set a “neutral” rating for the company in a report on Friday, June 17th. Finally, Barclays decreased their price target on WEC Energy Group from $108.00 to $104.00 and set an “equal weight” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.60. Read more …

 

 


Western Union (NYSE:WU) was downgraded by equities research analysts at Wolfe Research from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday, The Fly reports. They presently have a $17.00 target price on the credit services provider’s stock, down from their prior target price of $20.00. Wolfe Research’s price target would indicate a potential upside of 1.80% from the company’s previous close.

WU has been the topic of several other research reports. StockNews.com started coverage on Western Union in a research report on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered their price objective on Western Union from $20.00 to $19.00 in a research report on Friday, April 29th. The Goldman Sachs Group began coverage on Western Union in a research report on Tuesday, May 17th. They set a “sell” rating and a $18.00 price objective on the stock. UBS Group began coverage on Western Union in a research report on Thursday, March 31st. They issued a “neutral” rating and a $19.00 price target on the stock. Finally, Citigroup cut Western Union from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Friday, April 29th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.65. Read more …

 


Stryker (NYSE:SYK) had its price target cut by Truist Financial to $213.00 in a report released on Friday, Stock Target Advisor reports. Truist Financial's target price would indicate a potential upside of 6.81% from the company's current price.

Several other research firms have also commented on SYK. Piper Sandler reduced their price objective on Stryker from $315.00 to $290.00 in a research note on Friday, April 29th. Bank of America lowered Stryker from a "buy" rating to a "neutral" rating in a research note on Monday, July 11th. Deutsche Bank Aktiengesellschaft lowered Stryker from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $285.00 to $205.00 in a research note on Thursday. Morgan Stanley cut their price target on Stryker from $270.00 to $220.00 and set an "equal weight" rating for the company in a research note on Friday, July 15th. Finally, Citigroup cut their price target on Stryker from $310.00 to $280.00 in a research note on Tuesday, May 17th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $271.50. Read more …

 


Scotts Miracle-Gro (NYSE:SMG) was downgraded by stock analysts at UBS Group from a "buy" rating to a "neutral" rating in a note issued to investors on Friday, The Fly reports. They presently have a $92.00 target price on the basic materials company's stock, down from their previous target price of $125.00. UBS Group's price target would indicate a potential upside of 5.52% from the company's previous close.

Other research analysts have also issued reports about the company. StockNews.com lowered Scotts Miracle-Gro from a "hold" rating to a "sell" rating in a report on Saturday, May 21st. JPMorgan Chase & Co. cut Scotts Miracle-Gro from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $130.00 to $95.00 in a report on Thursday, June 9th. Barclays cut Scotts Miracle-Gro from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $150.00 to $110.00 in a research note on Thursday, April 21st. Truist Financial lowered shares of Scotts Miracle-Gro from a "buy" rating to a "hold" rating and cut their price target for the company from $185.00 to $85.00 in a research note on Wednesday, June 8th. Finally, Stifel Nicolaus lowered their price objective on shares of Scotts Miracle-Gro from $116.00 to $93.00 in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $115.88. Read more …

 

 


Verizon Communications (NYSE:VZ) was downgraded by investment analysts at Scotiabank from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Friday, The Fly reports.

VZ has been the subject of several other research reports. Wells Fargo & Company lowered their price target on shares of Verizon Communications from $58.00 to $52.00 and set an "equal weight" rating for the company in a report on Friday, July 8th. The Goldman Sachs Group downgraded shares of Verizon Communications from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $61.00 to $55.00 in a research report on Monday, April 25th. JPMorgan Chase & Co. reaffirmed a "hold" rating and set a $57.00 price objective on shares of Verizon Communications in a research report on Friday, June 24th. Royal Bank of Canada reduced their price objective on shares of Verizon Communications from $57.00 to $54.00 and set a "sector perform" rating for the company in a research report on Wednesday, June 22nd. Finally, StockNews.com raised shares of Verizon Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $56.93. Read more …

 

 

Archive of Upgrades and Downgrades

 

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