Notable Analyst Upgrades and Downgrades for Week of October 31 2022



 

Upgrades:

 


Barclays upgraded shares of Gilead Sciences (NASDAQ:GILD) from an underweight rating to an equal weight rating in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage currently has $76.00 target price on the biopharmaceutical company’s stock, up from their prior target price of $60.00.

Several other brokerages also recently issued reports on GILD. Cantor Fitzgerald initiated coverage on Gilead Sciences in a research report on Tuesday, July 12th. They issued a neutral rating and a $70.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Gilead Sciences from $80.00 to $87.00 and gave the company an overweight rating in a research report on Friday. Royal Bank of Canada raised their price target on Gilead Sciences from $79.00 to $82.00 and gave the company an outperform rating in a research report on Friday. StockNews.com initiated coverage on Gilead Sciences in a research report on Wednesday, October 12th. They issued a buy rating on the stock. Finally, Cowen raised their price target on Gilead Sciences from $75.00 to $80.00 and gave the company an outperform rating in a research report on Friday. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $79.68. Read more …

 


Exxon Mobil (NYSE:XOM) was upgraded by Exane BNP Paribas from an "underperform" rating to a "neutral" rating in a note issued to investors on Tuesday, The Fly reports. The brokerage currently has a $115.00 price objective on the oil and gas company's stock. Exane BNP Paribas' price target would suggest a potential upside of 3.78% from the company's previous close.

Several other equities research analysts have also commented on XOM. BNP Paribas upgraded shares of Exxon Mobil from an "underperform" rating to a "neutral" rating and set a $115.00 price objective on the stock in a research report on Tuesday. Citigroup boosted their price objective on shares of Exxon Mobil from $90.00 to $98.00 in a research report on Tuesday, October 18th. Piper Sandler decreased their price objective on shares of Exxon Mobil from $109.00 to $108.00 and set an "overweight" rating on the stock in a research report on Monday, September 12th. StockNews.com began coverage on shares of Exxon Mobil in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Truist Financial upped their target price on shares of Exxon Mobil from $111.00 to $114.00 in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $107.76. Read more …

 


Norfolk Southern (NYSE:NSC) was upgraded by investment analysts at Royal Bank of Canada from an "underperform" rating to a "sector perform" rating in a research note issued on Tuesday, Briefing.com reports. The firm currently has a $237.00 target price on the railroad operator's stock, up from their prior target price of $221.00. Royal Bank of Canada's price objective suggests a potential upside of 3.92% from the stock's current price.

Several other brokerages have also recently issued reports on NSC. Citigroup dropped their price objective on shares of Norfolk Southern from $245.00 to $225.00 and set a "neutral" rating on the stock in a research note on Thursday, September 29th. Morgan Stanley lowered their price target on shares of Norfolk Southern from $178.00 to $177.00 and set an "underweight" rating on the stock in a research note on Thursday, October 27th. JPMorgan Chase & Co. cut shares of Norfolk Southern from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $306.00 to $258.00 in a research note on Tuesday, July 12th. Susquehanna increased their price objective on shares of Norfolk Southern from $218.00 to $220.00 in a research note on Thursday, October 27th. Finally, Credit Suisse Group increased their price objective on shares of Norfolk Southern from $264.00 to $267.00 and gave the company an "outperform" rating in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Norfolk Southern has an average rating of "Hold" and a consensus price target of $243.10. Read more …

 

 

 

Downgrades:

 


Sonoco Products (NYSE:SON) was downgraded by research analysts at BMO Capital Markets from a "market perform" rating to an "underperform" rating in a research report issued to clients and investors on Sunday, The Fly reports.

Other research analysts also recently issued reports about the company. Citigroup cut their price target on Sonoco Products from $73.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, October 11th. TheStreet upgraded Sonoco Products from a "c+" rating to a "b-" rating in a report on Thursday, July 21st. Wells Fargo & Company lifted their price target on Sonoco Products to $67.00 in a report on Friday, July 22nd. StockNews.com began coverage on Sonoco Products in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Bank of America upgraded Sonoco Products from an "underperform" rating to a "buy" rating and set a $76.00 price target on the stock in a report on Thursday, October 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $67.29. Read more …

 


ABB (NYSE:ABB) was downgraded by investment analysts at The Goldman Sachs Group from a "conviction-buy" rating to a "buy" rating in a report released on Monday, The Fly reports.

Other analysts also recently issued research reports about the company. Barclays lowered their target price on ABB from CHF 29 to CHF 26 in a research note on Tuesday, October 4th. StockNews.com cut ABB from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft reduced their price target on ABB from CHF 28 to CHF 26.50 in a report on Wednesday, October 5th. UBS Group reduced their price target on ABB from CHF 37 to CHF 35 in a report on Friday, July 22nd. Finally, Morgan Stanley upped their price target on ABB from CHF 27 to CHF 27.20 in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $29.54. Read more …

 


Raymond James downgraded shares of AON (NYSE:AON) from a market perform rating to an underperform rating in a research note released on Monday, MarketBeat.com reports.

Several other equities analysts have also recently issued reports on AON. TheStreet cut shares of AON from a b rating to a c+ rating in a research note on Friday, July 29th. Bank of America started coverage on shares of AON in a research note on Monday, September 19th. They set a neutral rating and a $294.00 target price on the stock. StockNews.com started coverage on shares of AON in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Jefferies Financial Group lowered their price objective on shares of AON from $316.00 to $296.00 and set a hold rating on the stock in a research note on Tuesday, July 12th. Finally, The Goldman Sachs Group started coverage on shares of AON in a research note on Tuesday, July 12th. They issued a neutral rating and a $301.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $304.20. Read more …

 

 


Hanesbrands (NYSE:HBI) was downgraded by analysts at Wells Fargo & Company from an "overweight" rating to an "underweight" rating in a research report issued on Monday, The Fly reports.

A number of other equities research analysts have also recently commented on the company. Credit Suisse Group cut their target price on Hanesbrands from $15.00 to $13.00 and set an "outperform" rating on the stock in a research note on Friday, August 12th. B. Riley cut their target price on Hanesbrands from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 12th. StockNews.com started coverage on Hanesbrands in a research note on Wednesday, October 12th. They issued a "sell" rating on the stock. Barclays cut their target price on Hanesbrands from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday, August 15th. Finally, Citigroup lowered their price target on Hanesbrands from $14.00 to $11.00 in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Hanesbrands presently has a consensus rating of "Hold" and a consensus price target of $12.20. Read more …

 


UBS Group cut shares of Caterpillar (NYSE:CAT) from a buy rating to a neutral rating in a research report released on Monday morning, Marketbeat reports. UBS Group currently has $230.00 target price on the industrial products company’s stock, up from their prior target price of $225.00.

A number of other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Caterpillar from a buy rating to a hold rating and raised their price target for the company from $196.00 to $221.00 in a research report on Friday. Cowen dropped their target price on shares of Caterpillar from $255.00 to $225.00 and set an outperform rating on the stock in a research note on Thursday, July 7th. StockNews.com assumed coverage on shares of Caterpillar in a research note on Wednesday, October 12th. They issued a buy rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $205.00 to $220.00 and gave the company an overweight rating in a research note on Thursday, October 6th. Finally, Tigress Financial dropped their target price on shares of Caterpillar from $282.00 to $266.00 and set a buy rating on the stock in a research note on Friday, September 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $225.40. Read more …

 


Amgen (NASDAQ:AMGN) was downgraded by research analysts at Barclays from an "equal weight" rating to an "underweight" rating in a research report issued on Monday, The Fly reports.

Several other equities research analysts have also recently weighed in on the company. Robert W. Baird reiterated an "underperform" rating and set a $185.00 price target on shares of Amgen in a research report on Tuesday, September 13th. Morgan Stanley upgraded Amgen from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $257.00 to $279.00 in a research report on Tuesday, October 11th. TheStreet upgraded Amgen from a "c+" rating to a "b" rating in a research report on Monday, August 15th. Oppenheimer reiterated an "outperform" rating and set a $290.00 price target on shares of Amgen in a research report on Monday, October 3rd. Finally, Royal Bank of Canada upped their price target on Amgen from $224.00 to $236.00 in a research report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $244.36. Read more …

 

 


Daiwa Capital Markets cut shares of Honeywell International (NASDAQ:HON) from an outperform rating to a neutral rating in a report issued on Monday, Marketbeat Ratings reports. They currently have $194.00 price objective on the conglomerate’s stock, down from their previous price objective of $206.00.

Other equities research analysts have also recently issued research reports about the company. Mizuho lowered their price target on Honeywell International from $235.00 to $225.00 and set a buy rating for the company in a research note on Monday, July 18th. Cowen set a $205.00 target price on Honeywell International in a research report on Tuesday, July 19th. Morgan Stanley decreased their target price on Honeywell International from $192.00 to $187.00 and set an equal weight rating for the company in a research report on Wednesday, October 12th. Royal Bank of Canada upped their target price on Honeywell International from $184.00 to $199.00 and gave the stock a sector perform rating in a research report on Friday. Finally, TheStreet raised Honeywell International from a c+ rating to a b- rating in a research report on Thursday, August 11th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of Moderate Buy and an average target price of $211.33. Read more …

 


Emerson Electric (NYSE:EMR) had its price objective boosted by investment analysts at Wells Fargo & Company from $89.00 to $90.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's target price suggests a potential upside of 3.93% from the stock's previous close.

Several other equities research analysts have also issued reports on the stock. Mizuho raised their price target on shares of Emerson Electric from $85.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating and dropped their price objective for the company from $97.00 to $96.00 in a report on Tuesday. Citigroup reduced their target price on shares of Emerson Electric from $99.00 to $95.00 in a research note on Monday, October 10th. William Blair reaffirmed a "market perform" rating on shares of Emerson Electric in a report on Tuesday, August 9th. Finally, Barclays lowered their target price on shares of Emerson Electric from $82.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, October 3rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $97.38. Read more …

 


Union Pacific (NYSE:UNP) was downgraded by investment analysts at Royal Bank of Canada from a "sector perform" rating to an "underperform" rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They currently have a $187.00 price objective on the railroad operator's stock, down from their previous price objective of $200.00. Royal Bank of Canada's price target points to a potential downside of 5.14% from the stock's current price.

A number of other brokerages also recently issued reports on UNP. Citigroup lowered their price target on shares of Union Pacific from $210.00 to $207.00 and set a "neutral" rating on the stock in a report on Friday, October 21st. Susquehanna lowered their target price on shares of Union Pacific from $208.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, October 21st. Daiwa Capital Markets lowered their target price on shares of Union Pacific to $190.00 in a research note on Thursday, October 27th. Wells Fargo & Company lowered their target price on shares of Union Pacific from $210.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Friday, October 21st. Finally, TD Securities lowered their target price on shares of Union Pacific from $225.00 to $215.00 and set a "hold" rating on the stock in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of "Hold" and a consensus target price of $221.40. Read more …

 

 


Stryker (NYSE:SYK) had its target price lowered by investment analysts at Royal Bank of Canada from $255.00 to $240.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "sector perform" rating on the medical technology company's stock. Royal Bank of Canada's target price suggests a potential upside of 4.69% from the stock's current price.

A number of other research firms have also recently weighed in on SYK. Truist Financial upped their price target on Stryker to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Bank of America cut shares of Stryker from a "buy" rating to a "neutral" rating in a research note on Monday, July 11th. Cowen reduced their price target on shares of Stryker from $305.00 to $233.00 and set an "outperform" rating on the stock in a report on Friday, July 22nd. Morgan Stanley lowered their target price on Stryker from $270.00 to $220.00 and set an "equal weight" rating on the stock in a report on Friday, July 15th. Finally, StockNews.com cut Stryker from a "buy" rating to a "hold" rating in a report on Thursday, October 27th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $247.21. Read more …

 


Deutsche Bank Aktiengesellschaft cut shares of Ecolab (NYSE:ECL) from a buy rating to a hold rating in a research note published on Wednesday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has $135.00 target price on the basic materials company’s stock, down from their previous target price of $165.00.

Several other analysts have also recently commented on ECL. Seaport Res Ptn upgraded Ecolab from a neutral rating to a buy rating in a report on Thursday, October 13th. Northcoast Research upgraded Ecolab from a neutral rating to a buy rating and set a $188.00 price target for the company in a report on Tuesday, September 6th. UBS Group lowered their price target on Ecolab to $198.00 and set an outperform rating for the company in a report on Wednesday, July 27th. Citigroup reduced their price objective on Ecolab from $168.00 to $159.00 in a research note on Tuesday, October 4th. Finally, StockNews.com assumed coverage on Ecolab in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $187.24. Read more …

 


Nasdaq (NASDAQ:NDAQ) was downgraded by investment analysts at Credit Suisse Group from an "outperform" rating to a "neutral" rating in a research note issued on Wednesday, Briefing.com reports. They presently have a $57.00 price objective on the financial services provider's stock, down from their previous price objective of $66.00. Credit Suisse Group's price target suggests a potential downside of 8.58% from the company's previous close.

Several other analysts have also weighed in on NDAQ. StockNews.com initiated coverage on Nasdaq in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Rosenblatt Securities upped their price objective on Nasdaq from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, October 20th. Oppenheimer reduced their price objective on Nasdaq from $197.00 to $65.00 in a research report on Tuesday, August 30th. Bank of America downgraded Nasdaq from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $65.00 to $58.00 in a research report on Friday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Nasdaq from $68.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $66.51. Read more …

 

 


Avista (NYSE:AVA) was downgraded by research analysts at Mizuho from a "buy" rating to a "neutral" rating in a research note issued on Wednesday, Briefing.com reports. They presently have a $40.00 price target on the utilities provider's stock, down from their previous price target of $44.00. Mizuho's price target would suggest a potential upside of 6.21% from the company's previous close.

AVA has been the topic of several other reports. StockNews.com lowered Avista from a "hold" rating to a "sell" rating in a research report on Friday, October 28th. KeyCorp cut Avista from a "sector weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research note on Tuesday. Finally, Guggenheim reduced their price target on shares of Avista from $34.00 to $33.00 in a research report on Monday, October 24th.

Avista stock opened at $37.66 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.56. The company has a market cap of $2.75 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 3.92 and a beta of 0.55. Avista has a fifty-two week low of $36.32 and a fifty-two week high of $46.90. The firm's 50 day simple moving average is $39.76 and its 200-day simple moving average is $41.61. Read more …

 


Cullen/Frost Bankers (NYSE:CFR) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Wednesday, Marketbeat reports.

Several other research analysts have also recently commented on the stock. Wedbush restated a “neutral” rating and issued a $140.00 target price on shares of Cullen/Frost Bankers in a research report on Wednesday, September 28th. Raymond James upped their target price on shares of Cullen/Frost Bankers from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Compass Point upgraded shares of Cullen/Frost Bankers from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a report on Monday, August 15th. Royal Bank of Canada increased their price objective on shares of Cullen/Frost Bankers from $148.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 28th. Finally, StockNews.com upgraded shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.08. Read more …

 


Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) was downgraded by stock analysts at TD Securities to a "buy" rating in a research report issued on Friday, The Fly reports. The analysts noted that the move was a valuation call.

Several other brokerages have also recently commented on CNQ. Jefferies Financial Group initiated coverage on shares of Canadian Natural Resources in a research note on Wednesday, October 19th. They issued a "hold" rating on the stock. Credit Suisse Group reiterated a "neutral" rating on shares of Canadian Natural Resources in a research note on Thursday, August 11th. Bank of America upgraded shares of Canadian Natural Resources from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Tuesday, July 19th. National Bank Financial decreased their target price on shares of Canadian Natural Resources from C$100.00 to C$88.00 in a research report on Friday, September 30th. Finally, StockNews.com initiated coverage on shares of Canadian Natural Resources in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources presently has an average rating of "Hold" and a consensus price target of $88.46. Read more …

 



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