Notable Analyst Upgrades and Downgrades for Week of September 12 2022



 

Upgrades:

 


Bank of America upgraded shares of Union Pacific (NYSE:UNP) from a neutral rating to a buy rating in a report issued on Monday morning, MarketBeat.com reports. They currently have $260.00 target price on the railroad operator’s stock.

A number of other equities research analysts have also recently issued reports on UNP. JPMorgan Chase & Co. cut shares of Union Pacific from an overweight rating to a neutral rating and dropped their target price for the company from $272.00 to $232.00 in a report on Tuesday, July 12th. Susquehanna lowered shares of Union Pacific from a positive rating to a neutral rating and set a $235.00 price target on the stock. in a research note on Wednesday, July 6th. They noted that the move was a valuation call. Evercore ISI decreased their price target on shares of Union Pacific from $245.00 to $236.00 and set an in-line rating on the stock in a research note on Tuesday, July 12th. Wells Fargo & Company decreased their price target on shares of Union Pacific from $265.00 to $218.00 and set an equal weight rating on the stock in a research note on Friday, July 15th. Finally, Cowen decreased their price target on shares of Union Pacific to $261.00 in a research note on Friday, July 22nd. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Union Pacific presently has a consensus rating of Moderate Buy and an average price target of $248.17. Read more …

 


Bank of America upgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a neutral rating to a buy rating in a research report report published on Monday, MarketBeat.com reports. They currently have $135.00 target price on the transportation company’s stock, up from their previous target price of $128.00.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their target price on Canadian National Railway from C$162.00 to C$148.00 in a research note on Tuesday, July 12th. Citigroup reduced their price objective on Canadian National Railway from $140.00 to $132.00 and set a buy rating for the company in a research note on Thursday, May 19th. Credit Suisse Group assumed coverage on Canadian National Railway in a research note on Monday, June 27th. They issued a neutral rating and a $122.00 price objective for the company. StockNews.com upgraded Canadian National Railway from a hold rating to a buy rating in a research note on Wednesday, July 27th. Finally, Royal Bank of Canada boosted their price objective on Canadian National Railway from C$160.00 to C$163.00 in a research note on Wednesday, July 27th. Fourteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $141.36. Read more …

 


Canadian Pacific Railway (NYSE:CP) (TSE:CP) was upgraded by investment analysts at Bank of America from a "neutral" rating to a "buy" rating in a report issued on Monday, The Fly reports.

Other analysts have also issued reports about the stock. Citigroup cut their target price on shares of Canadian Pacific Railway from $84.00 to $81.00 and set a "buy" rating for the company in a research note on Thursday, May 19th. Scotiabank downgraded shares of Canadian Pacific Railway from a "sector outperform" rating to a "sector perform" rating in a report on Thursday, July 7th. Credit Suisse Group assumed coverage on shares of Canadian Pacific Railway in a report on Monday, June 27th. They set a "neutral" rating and a $74.00 price objective for the company. Susquehanna dropped their target price on shares of Canadian Pacific Railway from $91.00 to $84.00 in a research report on Wednesday, July 6th. Finally, Susquehanna Bancshares reduced their target price on shares of Canadian Pacific Railway from $91.00 to $84.00 in a research note on Wednesday, July 6th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.13. Read more …

 

 


Enbridge (NYSE:ENB) (TSE:ENB) was upgraded by equities research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a report released on Monday, The Fly reports.

Several other analysts have also weighed in on ENB. US Capital Advisors lowered shares of Enbridge from an "overweight" rating to a "hold" rating in a research note on Tuesday, July 26th. Industrial Alliance Securities upgraded shares of Enbridge from a "hold" rating to a "buy" rating and set a C$60.00 target price for the company in a research note on Wednesday, August 3rd. Finally, National Bank Financial boosted their target price on shares of Enbridge from C$60.00 to C$61.00 in a research note on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Enbridge currently has an average rating of "Moderate Buy" and a consensus price target of $58.46.

Shares of NYSE:ENB opened at $41.82 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.49 and a debt-to-equity ratio of 1.21. The company has a fifty day simple moving average of $42.84 and a 200 day simple moving average of $44.00. The firm has a market cap of $84.68 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. Enbridge has a 12-month low of $36.21 and a 12-month high of $47.67. Read more …

 


Merck & Co., Inc. (NYSE:MRK) was upgraded by investment analysts at Berenberg Bank from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday, The Fly reports.

MRK has been the topic of a number of other reports. Mizuho started coverage on Merck & Co., Inc. in a research note on Friday, June 24th. They set a "buy" rating and a $100.00 target price on the stock. SVB Leerink boosted their price objective on Merck & Co., Inc. from $105.00 to $109.00 and gave the company an "outperform" rating in a research note on Monday. Atlantic Securities upped their price target on Merck & Co., Inc. from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, July 13th. Erste Group Bank upgraded Merck & Co., Inc. from a "hold" rating to a "buy" rating in a research report on Thursday, August 25th. Finally, UBS Group upped their price target on Merck & Co., Inc. from $76.00 to $98.00 and gave the company a "neutral" rating in a research report on Monday, July 18th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.83. Read more …

 

 

Downgrades:

 


Tyson Foods (NYSE:TSN) was downgraded by research analysts at Argus from a "buy" rating to a "hold" rating in a report issued on Tuesday, The Fly reports.

Several other research firms have also recently issued reports on TSN. Sanford C. Bernstein lowered their target price on shares of Tyson Foods to $101.00 in a research note on Monday, August 15th. Barclays decreased their target price on shares of Tyson Foods from $100.00 to $89.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 9th. BMO Capital Markets dropped their price target on Tyson Foods from $99.00 to $90.00 in a research note on Tuesday, August 9th. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $79.00 price objective for the company in a research report on Tuesday, August 9th. They noted that the move was a valuation call. Finally, Stephens dropped their target price on Tyson Foods from $100.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 9th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price of $93.13. Read more …

 

 


Wells Fargo & Company cut shares of Eastman Chemical (NYSE:EMN) from an overweight rating to an equal weight rating in a report issued on Tuesday morning, The Fly reports.

A number of other research firms also recently commented on EMN. Bank of America decreased their price objective on shares of Eastman Chemical from $123.00 to $115.00 and set a neutral rating for the company in a report on Wednesday, July 13th. KeyCorp upped their price target on shares of Eastman Chemical from $124.00 to $125.00 and gave the stock an overweight rating in a research report on Monday, August 1st. Credit Suisse Group initiated coverage on shares of Eastman Chemical in a research report on Tuesday, May 31st. They issued an outperform rating and a $130.00 price objective on the stock. UBS Group decreased their target price on shares of Eastman Chemical from $121.00 to $118.00 and set a buy rating for the company in a research report on Friday, July 29th. Finally, StockNews.com upgraded shares of Eastman Chemical from a hold rating to a buy rating in a research note on Tuesday, August 9th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $118.07. Read more …

 


Bristol-Myers Squibb (NYSE:BMY) was downgraded by analysts at Berenberg Bank from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday, The Fly reports.

BMY has been the topic of a number of other reports. BMO Capital Markets increased their target price on Bristol-Myers Squibb from $92.00 to $94.00 and gave the stock an "outperform" rating in a report on Monday. Raymond James cut Bristol-Myers Squibb from an "outperform" rating to a "market perform" rating in a report on Friday, June 3rd. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their target price on Bristol-Myers Squibb from $80.00 to $85.00 in a report on Thursday, July 28th. Bank of America increased their target price on Bristol-Myers Squibb from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, June 6th. Finally, UBS Group increased their target price on Bristol-Myers Squibb to $73.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bristol-Myers Squibb has a consensus rating of "Moderate Buy" and a consensus price target of $76.00. Read more …

 


Phillips 66 (NYSE:PSX) was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued on Wednesday, Marketbeat.com reports.

A number of other equities research analysts have also weighed in on PSX. JPMorgan Chase & Co. lifted their target price on Phillips 66 from $102.00 to $112.00 in a research report on Tuesday, May 17th. Barclays boosted their price target on Phillips 66 from $95.00 to $113.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $109.00 price target on shares of Phillips 66 in a research report on Friday, July 1st. BMO Capital Markets began coverage on Phillips 66 in a research report on Monday, June 13th. They issued an “outperform” rating and a $132.00 price target for the company. Finally, Piper Sandler reduced their price target on Phillips 66 from $120.00 to $113.00 and set an “overweight” rating for the company in a research report on Monday. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.79. Read more …

 

 


FedEx (NYSE:FDX) had its target price cut by stock analysts at The Goldman Sachs Group from $288.00 to $250.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the shipping service provider's stock. The Goldman Sachs Group's price target would indicate a potential upside of 58.87% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the stock. Citigroup reduced their price objective on shares of FedEx from $225.00 to $180.00 and set a "neutral" rating on the stock in a research note on Friday. Stifel Nicolaus cut FedEx from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $288.00 to $195.00 in a research note on Friday. UBS Group cut their target price on FedEx from $312.00 to $308.00 and set a "buy" rating on the stock in a research note on Wednesday, September 7th. BMO Capital Markets decreased their target price on FedEx from $270.00 to $215.00 and set a "market perform" rating for the company in a research report on Friday. Finally, Morgan Stanley lowered their price target on FedEx from $255.00 to $250.00 in a research note on Wednesday, September 7th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $245.04. Read more …

 


Avnet (NASDAQ:AVT) was downgraded by equities researchers at Wells Fargo & Company from an "equal weight" rating to an "underweight" rating in a report released on Friday, The Fly reports.

A number of other analysts have also recently issued reports on the company. StockNews.com cut Avnet from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 11th. The Goldman Sachs Group cut their price objective on Avnet from $45.00 to $43.00 in a research report on Friday, July 15th. JPMorgan Chase & Co. started coverage on Avnet in a research report on Thursday, July 14th. They issued an "underweight" rating and a $46.00 price objective for the company. Finally, Citigroup raised their price objective on Avnet from $45.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, June 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $46.43.

AVT stock opened at $40.11 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $45.04 and a two-hundred day moving average price of $44.84. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 5.77, a P/E/G ratio of 0.24 and a beta of 1.29. Avnet has a twelve month low of $35.71 and a twelve month high of $50.19. Read more …

 


STORE Capital (NYSE:STOR) was downgraded by investment analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating in a note issued to investors on Friday, The Fly reports.

A number of other research firms have also commented on STOR. Jefferies Financial Group decreased their price objective on shares of STORE Capital from $29.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, June 30th. Evercore ISI set a $32.00 price objective on shares of STORE Capital in a research note on Monday, June 20th. Berenberg Bank lowered shares of STORE Capital from a "buy" rating to a "hold" rating in a research note on Friday. Morgan Stanley lowered shares of STORE Capital from an "equal weight" rating to an "underweight" rating and set a $25.00 price objective for the company. in a research note on Tuesday, July 12th. Finally, Truist Financial decreased their target price on shares of STORE Capital to $30.00 in a research note on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, STORE Capital has a consensus rating of "Hold" and a consensus target price of $29.33.

STORE Capital stock opened at $32.12 on Friday. The firm's 50 day moving average price is $27.79 and its two-hundred day moving average price is $27.99. STORE Capital has a 1 year low of $24.48 and a 1 year high of $36.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 26.77 and a beta of 1.15.

 



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