Notable Analyst Upgrades and Downgrades for Week of November 21 2022



 

Upgrades:

 


Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) was upgraded by equities research analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research note issued on Monday, The Fly reports.

Other analysts also recently issued reports about the company. National Bank Financial decreased their price target on Canadian Natural Resources from C$100.00 to C$88.00 in a report on Friday, September 30th. Raymond James boosted their target price on Canadian Natural Resources from C$85.00 to C$87.00 in a report on Friday, November 4th. Jefferies Financial Group assumed coverage on Canadian Natural Resources in a report on Wednesday, October 19th. They issued a "hold" rating for the company. TD Securities cut Canadian Natural Resources to a "buy" rating in a research report on Friday, November 4th. They noted that the move was a valuation call. Finally, StockNews.com upgraded Canadian Natural Resources from a "hold" rating to a "buy" rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.36. Read more …

 


Credit Suisse Group upgraded shares of Pinnacle West Capital (NYSE:PNW) from an underperform rating to a neutral rating in a report issued on Monday morning, MarketBeat Ratings reports. The brokerage currently has $73.00 target price on the utilities provider’s stock, up from their previous target price of $60.00.

Several other research analysts have also commented on PNW. Morgan Stanley boosted their price objective on shares of Pinnacle West Capital from $62.00 to $67.00 and gave the stock an equal weight rating in a research note on Friday, November 11th. Guggenheim upgraded shares of Pinnacle West Capital from a sell rating to a neutral rating and boosted their price objective for the stock from $54.00 to $70.00 in a research note on Friday. Mizuho boosted their price objective on shares of Pinnacle West Capital from $76.00 to $77.00 and gave the stock a neutral rating in a research note on Tuesday, August 9th. TheStreet upgraded shares of Pinnacle West Capital from a c+ rating to a b rating in a research note on Thursday, August 18th. Finally, Wolfe Research upgraded shares of Pinnacle West Capital from an underperform rating to a peer perform rating in a research note on Thursday, November 17th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, Pinnacle West Capital presently has an average rating of Hold and an average target price of $71.33. Read more …

 


Walgreens Boots Alliance (NASDAQ:WBA) was upgraded by research analysts at Cowen from a "market perform" rating to an "outperform" rating in a research note issued on Tuesday, Briefing.com reports. The firm currently has a $54.00 price target on the pharmacy operator's stock, up from their previous price target of $43.00. Cowen's price objective would indicate a potential upside of 33.04% from the stock's previous close.

Several other analysts have also recently commented on WBA. Deutsche Bank Aktiengesellschaft upgraded Walgreens Boots Alliance from a "hold" rating to a "buy" rating and boosted their price target for the stock from $41.00 to $50.00 in a research report on Friday, November 11th. Royal Bank of Canada dropped their target price on Walgreens Boots Alliance from $42.00 to $36.00 and set a "sector perform" rating for the company in a report on Wednesday, October 19th. Mizuho dropped their target price on Walgreens Boots Alliance to $36.00 in a report on Thursday, October 13th. JPMorgan Chase & Co. upgraded Walgreens Boots Alliance from a "neutral" rating to an "overweight" rating and set a $42.00 target price for the company in a report on Friday. Finally, StockNews.com cut Walgreens Boots Alliance from a "buy" rating to a "hold" rating in a report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $43.23. Read more …

 

 


Yum! Brands (NYSE:YUM) was upgraded by equities research analysts at Argus from a "hold" rating to a "buy" rating in a research report issued on Wednesday, The Fly reports.

YUM has been the topic of a number of other reports. Royal Bank of Canada boosted their price target on Yum! Brands from $126.00 to $128.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 3rd. JPMorgan Chase & Co. boosted their price target on Yum! Brands from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Thursday, November 3rd. Cowen dropped their price target on Yum! Brands from $143.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 19th. Sanford C. Bernstein started coverage on Yum! Brands in a research report on Wednesday, September 7th. They issued an "outperform" rating and a $144.00 price objective on the stock. Finally, StockNews.com started coverage on Yum! Brands in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.27. Read more …

 

 

Downgrades:

 


Societe Generale downgraded shares of ConocoPhillips (NYSE:COP) from a hold rating to a sell rating in a report released on Monday, Marketbeat Ratings reports. The firm currently has $114.00 target price on the energy producer’s stock. The analysts noted that the move was a valuation call.

Several other brokerages also recently weighed in on COP. Raymond James upped their target price on shares of ConocoPhillips from $135.00 to $150.00 and gave the stock a strong-buy rating in a report on Monday, October 24th. Mizuho dropped their target price on shares of ConocoPhillips from $138.00 to $135.00 and set a buy rating for the company in a report on Monday, October 24th. Bank of America upped their target price on shares of ConocoPhillips from $134.00 to $140.00 and gave the stock a buy rating in a report on Monday, September 19th. Jefferies Financial Group began coverage on shares of ConocoPhillips in a report on Wednesday, October 19th. They issued a buy rating and a $143.00 target price for the company. Finally, Citigroup increased their price objective on shares of ConocoPhillips from $115.00 to $132.00 in a report on Tuesday, October 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of Moderate Buy and an average price target of $132.43. Read more …

 


UnitedHealth Group (NYSE:UNH) was downgraded by analysts at Raymond James from a "strong-buy" rating to an "outperform" rating in a research report issued on Monday, The Fly reports.

A number of other analysts have also recently issued reports on UNH. Credit Suisse Group lifted their price objective on UnitedHealth Group from $579.00 to $590.00 and gave the company an "outperform" rating in a research report on Monday, October 17th. Mizuho lifted their price objective on UnitedHealth Group from $550.00 to $600.00 and gave the company a "buy" rating in a research report on Wednesday, August 10th. Argus boosted their price target on UnitedHealth Group from $580.00 to $650.00 and gave the stock a "buy" rating in a research report on Monday, July 25th. Royal Bank of Canada boosted their price target on UnitedHealth Group from $588.00 to $592.00 and gave the stock an "outperform" rating in a research report on Monday, October 17th. Finally, SVB Leerink reduced their price target on UnitedHealth Group from $625.00 to $618.00 and set an "outperform" rating for the company in a research report on Monday, October 17th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $595.11. Read more …

 


Evercore ISI cut shares of Welltower (NYSE:WELL) to an in-line rating in a research note published on Monday morning, The Fly reports. Evercore ISI currently has $72.00 target price on the real estate investment trust’s stock.

Several other research firms have also commented on WELL. Deutsche Bank Aktiengesellschaft dropped their price target on Welltower from $100.00 to $93.00 and set a buy rating for the company in a research report on Friday, September 16th. Credit Suisse Group dropped their price target on Welltower from $100.00 to $75.00 and set an outperform rating for the company in a research report on Tuesday, November 1st. Barclays dropped their price target on Welltower from $92.00 to $78.00 and set an overweight rating for the company in a research report on Friday, October 21st. KeyCorp dropped their target price on Welltower from $95.00 to $80.00 and set an overweight rating for the company in a research report on Monday, October 10th. Finally, Robert W. Baird lowered Welltower from an outperform rating to a neutral rating and set a $66.00 target price for the company. in a research report on Monday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $81.69. Read more …

 

 


Credit Suisse Group cut shares of Xcel Energy (NASDAQ:XEL) from an outperform rating to a neutral rating in a research note issued to investors on Monday, The Fly reports. Credit Suisse Group currently has $68.00 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company lowered their price objective on shares of Xcel Energy from $79.00 to $69.00 and set an equal weight rating on the stock in a research note on Wednesday, October 19th. BMO Capital Markets lowered their price objective on shares of Xcel Energy from $80.00 to $71.00 and set an outperform rating on the stock in a research note on Wednesday, October 5th. Morgan Stanley lifted their price objective on shares of Xcel Energy from $59.00 to $63.00 and gave the stock an equal weight rating in a research note on Friday, November 11th. Wolfe Research raised shares of Xcel Energy from a peer perform rating to an outperform rating and set a $69.00 price objective on the stock in a research note on Thursday, October 20th. Finally, Mizuho lowered their price objective on shares of Xcel Energy from $72.00 to $65.00 and set a buy rating on the stock in a research note on Wednesday, October 19th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Xcel Energy presently has an average rating of Moderate Buy and a consensus price target of $69.64. Read more …

 


Duke Energy (NYSE:DUK) was downgraded by equities researchers at Seaport Res Ptn from a "neutral" rating to a "sell" rating in a report issued on Monday, PriceTargets.com reports. Seaport Res Ptn also issued estimates for Duke Energy's FY2022 earnings at $5.25 EPS, FY2023 earnings at $5.64 EPS, FY2024 earnings at $5.96 EPS and FY2025 earnings at $6.33 EPS.

Other analysts also recently issued reports about the company. StockNews.com assumed coverage on Duke Energy in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Morgan Stanley upped their price objective on shares of Duke Energy from $99.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Friday, November 11th. Credit Suisse Group lowered their price objective on Duke Energy from $114.00 to $94.00 and set a "neutral" rating on the stock in a report on Wednesday, October 12th. KeyCorp reduced their target price on Duke Energy from $116.00 to $108.00 and set an "overweight" rating for the company in a report on Thursday, October 20th. Finally, Guggenheim lowered their target price on shares of Duke Energy from $119.00 to $97.00 in a research report on Monday, October 24th. One equities research 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's stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of "Hold" and an average target price of $105.09. Read more …

 


Barclays cut shares of Williams-Sonoma (NYSE:WSM) from an overweight rating to an equal weight rating in a report released on Monday, The Fly reports. The firm currently has $114.00 price target on the specialty retailer’s stock, down from their previous price target of $192.00.

WSM has been the subject of several other research reports. Jefferies Financial Group cut shares of Williams-Sonoma from a hold rating to an underperform rating and dropped their price target for the company from $160.00 to $100.00 in a research note on Monday, October 24th. StockNews.com started coverage on shares of Williams-Sonoma in a research note on Wednesday, October 12th. They issued a buy rating for the company. Telsey Advisory Group dropped their price target on shares of Williams-Sonoma from $195.00 to $155.00 and set an outperform rating for the company in a research note on Friday. Morgan Stanley increased their price objective on shares of Williams-Sonoma from $140.00 to $150.00 and gave the stock an equal weight rating in a research report on Monday, August 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Williams-Sonoma from $143.00 to $131.00 in a research report on Friday, November 11th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $141.44. Read more …

 

 


STAG Industrial (NYSE:STAG) was downgraded by investment analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a research note issued on Tuesday, Marketbeat reports. They currently have a $34.00 price objective on the real estate investment trust's stock, down from their previous price objective of $36.00. Wells Fargo & Company's price objective would suggest a potential upside of 3.72% from the company's previous close.

Several other brokerages have also issued reports on STAG. StockNews.com initiated coverage on shares of STAG Industrial in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Evercore ISI reduced their price objective on shares of STAG Industrial from $39.00 to $37.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 27th. Raymond James reduced their price objective on shares of STAG Industrial from $39.00 to $36.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 11th. Finally, TheStreet lowered shares of STAG Industrial from a "b-" rating to a "c" rating in a research note on Wednesday, October 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.50. Read more …

 


Essex Property Trust (NYSE:ESS) was downgraded by equities research analysts at Raymond James from an "outperform" rating to a "market perform" rating in a research report issued on Wednesday, The Fly reports.

A number of other analysts have also recently weighed in on ESS. Citigroup upgraded shares of Essex Property Trust from a "neutral" rating to a "buy" rating and set a $295.00 price objective for the company in a research note on Monday, September 19th. Barclays cut their target price on shares of Essex Property Trust from $300.00 to $219.00 and set an "underweight" rating for the company in a research note on Thursday, November 10th. StockNews.com initiated coverage on shares of Essex Property Trust in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Evercore ISI cut their target price on shares of Essex Property Trust to $290.00 in a research note on Thursday, October 13th. Finally, Stifel Nicolaus cut their target price on shares of Essex Property Trust from $336.00 to $291.00 in a research note on Friday, October 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Essex Property Trust currently has a consensus rating of "Hold" and an average target price of $275.24. Read more …

 


Prudential Financial (NYSE:PRU) was downgraded by Raymond James from a "strong-buy" rating to a "market perform" rating in a research note issued to investors on Wednesday, The Fly reports.

Other research analysts also recently issued reports about the company. Credit Suisse Group reduced their target price on Prudential Financial to $102.00 in a report on Thursday, September 29th. Wells Fargo & Company reduced their target price on Prudential Financial from $101.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 12th. JPMorgan Chase & Co. reduced their target price on Prudential Financial from $122.00 to $118.00 and set a "neutral" rating on the stock in a report on Friday, October 7th. Citigroup boosted their target price on Prudential Financial from $98.00 to $105.00 in a report on Wednesday, November 16th. Finally, Royal Bank of Canada boosted their target price on Prudential Financial from $102.00 to $110.00 and gave the stock a "sector perform" rating in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $103.54. Read more …

 

 


Oppenheimer lowered shares of Medtronic (NYSE:MDT) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. Oppenheimer currently has $85.00 price objective on the medical technology company’s stock, down from their previous price objective of $106.00.

Several other analysts have also issued reports on MDT. Wells Fargo & Company dropped their target price on shares of Medtronic from $96.00 to $82.00 in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Medtronic from $101.00 to $97.00 and set an equal weight rating on the stock in a research note on Tuesday, October 11th. Piper Sandler decreased their price target on shares of Medtronic from $90.00 to $80.00 in a research note on Tuesday. Royal Bank of Canada decreased their price target on shares of Medtronic from $122.00 to $110.00 in a research note on Wednesday, September 7th. Finally, Mizuho assumed coverage on shares of Medtronic in a research note on Wednesday, October 12th. They issued a buy rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $98.00. Read more …

 


UGI (NYSE:UGI) was downgraded by equities researchers at Bank of America from a "neutral" rating to an "underperform" rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other analysts also recently commented on the company. Barclays decreased their price target on UGI from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 19th. TheStreet downgraded UGI from a "b-" rating to a "c+" rating in a research report on Monday, October 24th. Wells Fargo & Company raised their target price on UGI from $36.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, StockNews.com began coverage on UGI in a research report on Wednesday, October 12th. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, UGI presently has an average rating of "Hold" and an average target price of $37.67. Read more …

 


Magna International (NYSE:MGA) (TSE:MG) was downgraded by equities research analysts at Citigroup from a "buy" rating to a "neutral" rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other equities analysts have also recently weighed in on MGA. Morgan Stanley reduced their price target on Magna International from $79.00 to $72.00 and set an "overweight" rating for the company in a report on Monday, November 7th. StockNews.com initiated coverage on Magna International in a report on Wednesday, October 12th. They issued a "buy" rating for the company. Bank of America reduced their price target on Magna International from $115.00 to $106.00 and set a "buy" rating for the company in a report on Friday, September 9th. Benchmark reduced their price target on Magna International from $77.00 to $73.00 and set a "buy" rating for the company in a report on Tuesday, November 8th. Finally, The Goldman Sachs Group reduced their price target on Magna International from $77.00 to $66.00 and set a "buy" rating for the company in a report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Magna International currently has an average rating of "Hold" and a consensus price target of $72.77. Read more …

 

 


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