Notable Analyst Upgrades and Downgrades for Week of March 27 2023

 


 

Upgrades:



Deutsche Bank Aktiengesellschaft upgraded shares of Corning (NYSE:GLW) from a hold rating to a buy rating in a research report released on Monday morning, The Fly reports. They currently have $38.00 target price on the electronics maker’s stock, up from their previous target price of $35.00.

A number of other brokerages also recently commented on GLW. Morgan Stanley decreased their target price on Corning from $36.00 to $35.00 and set an equal weight rating for the company in a report on Tuesday, December 13th. UBS Group upped their price target on Corning from $37.00 to $40.00 and gave the stock a buy rating in a research note on Wednesday, January 11th. Susquehanna upped their price target on Corning from $39.00 to $40.00 and gave the stock a positive rating in a research note on Thursday, February 2nd. StockNews.com assumed coverage on Corning in a research note on Thursday, March 16th. They issued a hold rating on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Corning from $44.00 to $40.00 and set an overweight rating on the stock in a research note on Tuesday, December 20th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Corning has a consensus rating of Moderate Buy and a consensus target price of $38.11. Read more …



Citigroup upgraded shares of KeyCorp (NYSE:KEY) from a neutral rating to a buy rating in a research report report published on Monday, The Fly reports. Citigroup currently has $20.00 target price on the financial services provider’s stock.

KEY has been the topic of several other reports. Royal Bank of Canada cut their price objective on shares of KeyCorp from $22.00 to $19.00 and set an outperform rating on the stock in a research report on Friday. Barclays upgraded KeyCorp from an underweight rating to an equal weight rating and raised their target price for the company from $21.00 to $24.00 in a research report on Tuesday, January 3rd. Morgan Stanley reduced their price target on KeyCorp from $22.00 to $21.00 and set an equal weight rating for the company in a research report on Monday, January 23rd. StockNews.com assumed coverage on KeyCorp in a research note on Thursday, March 16th. They issued a sell rating for the company. Finally, Robert W. Baird upgraded shares of KeyCorp from a neutral rating to an outperform rating and set a $20.00 price objective on the stock in a research note on Friday, March 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, KeyCorp has an average rating of Hold and a consensus target price of $19.62. Read more …



Citigroup upgraded shares of M&T Bank (NYSE:MTB) from a neutral rating to a buy rating in a report issued on Monday, The Fly reports. Citigroup currently has $155.00 price target on the financial services provider’s stock, down from their prior price target of $178.00.

Several other research firms also recently commented on MTB. Wolfe Research downgraded M&T Bank from an outperform rating to a peer perform rating in a research note on Thursday, March 23rd. Wedbush upgraded M&T Bank from a neutral rating to an outperform rating and set a $170.00 price objective on the stock in a research note on Tuesday, January 3rd. Keefe, Bruyette & Woods lowered shares of M&T Bank from an outperform rating to a market perform rating and cut their target price for the stock from $215.00 to $180.00 in a research report on Tuesday, December 6th. Wells Fargo & Company lowered their price target on shares of M&T Bank from $175.00 to $165.00 and set an equal weight rating on the stock in a research report on Thursday, December 8th. Finally, Morgan Stanley cut their price objective on shares of M&T Bank from $225.00 to $212.00 and set an overweight rating for the company in a report on Monday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $180.80. Read more …




BMO Capital Markets upgraded shares of Equinix (NASDAQ:EQIX) from a market perform rating to an outperform rating in a research report report published on Monday morning, The Fly reports. BMO Capital Markets currently has $785.00 target price on the financial services provider’s stock, up from their previous target price of $755.00.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com initiated coverage on shares of Equinix in a report on Thursday, March 16th. They issued a hold rating on the stock. TD Securities lifted their price target on shares of Equinix from $750.00 to $800.00 and gave the stock a hold rating in a report on Thursday, February 16th. Credit Suisse Group lowered their price target on shares of Equinix from $762.00 to $753.00 and set a neutral rating on the stock in a report on Thursday, February 16th. BNP Paribas began coverage on shares of Equinix in a report on Wednesday, December 14th. They issued an outperform rating and a $886.00 price target on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Equinix from $675.00 to $785.00 in a report on Wednesday, December 14th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $780.94. Read more …



Argus upgraded shares of J. M. Smucker (NYSE:SJM) from a hold rating to a buy rating in a report released on Monday morning, Marketbeat reports. The firm currently has $170.00 price objective on the stock.

Several other research analysts also recently weighed in on SJM. Credit Suisse Group upped their target price on J. M. Smucker from $145.00 to $165.00 in a research note on Thursday, December 15th. StockNews.com began coverage on J. M. Smucker in a research note on Thursday, March 16th. They set a hold rating for the company. JPMorgan Chase & Co. increased their price objective on J. M. Smucker from $157.00 to $158.00 and gave the company a neutral rating in a research note on Thursday, March 2nd. Stifel Nicolaus increased their price objective on J. M. Smucker from $148.00 to $155.00 in a research note on Thursday, December 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on J. M. Smucker from $153.00 to $159.00 and gave the company a hold rating in a research note on Monday, March 20th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $152.09. Read more ...



Hershey (NYSE:HSY) was upgraded by investment analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other research analysts have also commented on HSY. Jefferies Financial Group boosted their price target on Hershey from $251.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, March 23rd. Evercore ISI boosted their price target on Hershey from $250.00 to $255.00 and gave the company an “in-line” rating in a research note on Thursday, March 23rd. Credit Suisse Group boosted their price target on Hershey from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. StockNews.com upgraded Hershey from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, UBS Group upgraded Hershey from a “neutral” rating to a “buy” rating and upped their target price for the stock from $244.00 to $269.00 in a research note on Thursday, December 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $249.73. Read more …




Enbridge (NYSE:ENB) (TSE:ENB) was upgraded by stock analysts at Credit Suisse Group from an "underperform" rating to a "neutral" rating in a research note issued on Wednesday, The Fly reports.

A number of other research analysts have also weighed in on the company. StockNews.com started coverage on Enbridge in a research report on Thursday, March 16th. They set a "hold" rating for the company. National Bank Financial raised their price objective on Enbridge from C$54.00 to C$56.00 in a research report on Friday, January 27th. Finally, BMO Capital Markets lowered Enbridge from an "outperform" rating to a "market perform" rating in a research report on Tuesday, January 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $59.00.

ENB stock opened at $36.73 on Wednesday. Enbridge has a twelve month low of $35.02 and a twelve month high of $47.67. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.29. The firm has a market cap of $74.38 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.69 and a beta of 0.83. The business has a 50 day moving average of $38.98 and a 200 day moving average of $39.30. Read more …



Philip Morris International (NYSE:PM) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Thursday, MarketBeat.com reports. The firm currently has a $116.00 price objective on the stock, up from their prior price objective of $109.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 19.28% from the company’s current price.

PM has been the topic of a number of other research reports. Citigroup reaffirmed a “neutral” rating and issued a $109.00 target price on shares of Philip Morris International in a report on Tuesday, December 13th. Jefferies Financial Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and raised their target price for the company from $86.00 to $118.00 in a research report on Thursday, January 19th. Societe Generale started coverage on Philip Morris International in a research note on Monday, January 23rd. They issued a “sell” rating and a $90.00 price objective for the company. Morgan Stanley upped their price target on Philip Morris International from $109.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, February 2nd. Finally, The Goldman Sachs Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and upped their price target for the company from $95.00 to $120.00 in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $110.36. Read more …



Walmart (NYSE:WMT) was upgraded by equities research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a $160.00 price target on the retailer’s stock, up from their prior price target of $145.00. Evercore ISI’s price objective would suggest a potential upside of 9.84% from the stock’s current price.

A number of other analysts have also issued reports on WMT. StockNews.com assumed coverage on Walmart in a research note on Thursday, March 16th. They issued a “strong-buy” rating on the stock. JPMorgan Chase & Co. set a $155.00 target price on shares of Walmart in a report on Tuesday, February 21st. Telsey Advisory Group cut their price target on shares of Walmart from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. The Goldman Sachs Group set a $164.00 price target on shares of Walmart in a report on Wednesday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $164.00 to $169.00 in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.06. Read more …




Crown Castle (NYSE:CCI) was upgraded by research analysts at Moffett Nathanson from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a $155.00 target price on the real estate investment trust’s stock, down from their previous target price of $161.00. Moffett Nathanson’s price target would suggest a potential upside of 15.81% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Barclays boosted their price objective on Crown Castle from $152.00 to $153.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Raymond James boosted their price target on Crown Castle from $153.00 to $154.00 and gave the company an “outperform” rating in a report on Friday, January 27th. StockNews.com began coverage on Crown Castle in a report on Thursday, March 16th. They set a “hold” rating for the company. Royal Bank of Canada upped their price target on Crown Castle from $150.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 31st. Finally, Cowen upped their price target on Crown Castle from $149.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07. Read more …



American Tower (NYSE:AMT) was upgraded by equities researchers at Moffett Nathanson from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, Marketbeat.com reports. The firm currently has a $234.00 price target on the real estate investment trust’s stock, down from their previous price target of $244.00. Moffett Nathanson’s price objective indicates a potential upside of 14.52% from the company’s current price.

A number of other analysts have also commented on the stock. Truist Financial lowered their target price on shares of American Tower from $325.00 to $275.00 and set a “buy” rating for the company in a report on Friday, January 13th. Wells Fargo & Company lifted their target price on shares of American Tower from $225.00 to $245.00 in a report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of American Tower from $254.00 to $245.00 in a report on Tuesday, March 7th. Raymond James reduced their price target on shares of American Tower from $233.00 to $227.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Finally, The Goldman Sachs Group raised shares of American Tower from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $215.00 to $245.00 in a research report on Tuesday, January 10th. Two research analysts have rated the stock with a hold rating and fourteen 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 target price of $257.76. Read more …



Downgrades:



Robert W. Baird cut shares of Caterpillar (NYSE:CAT) from a neutral rating to an underperform rating in a report published on Monday morning, The Fly reports. Robert W. Baird currently has $185.00 price target on the industrial products company’s stock, down from their prior price target of $230.00.

Several other equities analysts have also recently issued reports on CAT. Morgan Stanley upped their price target on shares of Caterpillar from $174.00 to $190.00 and gave the company an underweight rating in a research report on Wednesday, December 14th. Stifel Nicolaus raised their price target on shares of Caterpillar from $260.00 to $271.00 and gave the company a buy rating in a research report on Monday, December 19th. Barclays lifted their target price on shares of Caterpillar from $200.00 to $225.00 and gave the stock an equal weight rating in a research note on Wednesday, February 1st. BMO Capital Markets boosted their price objective on shares of Caterpillar from $210.00 to $230.00 in a research note on Tuesday, February 7th. Finally, Cowen lifted their target price on shares of Caterpillar from $240.00 to $264.00 in a research report on Friday, December 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $238.35. Read more …




BMO Capital Markets downgraded shares of Digital Realty Trust (NYSE:DLR) from an outperform rating to a market perform rating in a report published on Monday, The Fly reports. BMO Capital Markets currently has $100.00 price target on the real estate investment trust’s stock, down from their previous price target of $121.00.

A number of other research firms also recently issued reports on DLR. Raymond James decreased their price objective on Digital Realty Trust from $165.00 to $155.00 and set a strong-buy rating for the company in a report on Wednesday, February 8th. Barclays decreased their price objective on Digital Realty Trust from $88.00 to $81.00 and set an underweight rating for the company in a report on Monday, December 19th. StockNews.com began coverage on Digital Realty Trust in a report on Thursday, March 16th. They issued a sell rating for the company. Exane BNP Paribas began coverage on Digital Realty Trust in a report on Wednesday, December 14th. They issued a neutral rating and a $128.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Digital Realty Trust from $110.00 to $115.00 in a report on Friday, December 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $121.86. Read more …



Truist Financial cut shares of Williams Companies (NYSE:WMB) from a buy rating to a hold rating in a report released on Tuesday, The Fly reports. They currently have $31.00 price objective on the pipeline company’s stock.

A number of other research firms have also recently commented on WMB. Wells Fargo & Company lowered their target price on Williams Companies from $37.00 to $36.00 and set an equal weight rating on the stock in a research note on Wednesday, February 22nd. Sanford C. Bernstein downgraded Williams Companies from an outperform rating to a market perform rating and lowered their price objective for the company from $37.00 to $34.00 in a research report on Monday, February 27th. Mizuho cut their target price on shares of Williams Companies from $40.00 to $39.00 in a research note on Friday, December 16th. US Capital Advisors raised shares of Williams Companies from a hold rating to an overweight rating in a research note on Tuesday, January 31st. Finally, Morgan Stanley lifted their target price on shares of Williams Companies from $38.00 to $41.00 and gave the stock an equal weight rating in a report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $36.30. Read more …



Medtronic (NYSE:MDT) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “sell” rating in a report issued on Wednesday, MarketBeat.com reports. They currently have a $79.00 price target on the medical technology company’s stock, down from their prior price target of $127.00. UBS Group’s price objective suggests a potential downside of 0.23% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada cut Medtronic from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $102.00 to $89.00 in a research note on Monday, January 9th. StockNews.com started coverage on Medtronic in a report on Thursday, March 16th. They issued a “buy” rating for the company. Wells Fargo & Company lowered their price target on Medtronic from $82.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, November 30th. Mizuho lowered their price target on Medtronic from $100.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Medtronic from $80.00 to $87.00 in a report on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.11. Read more …




Royal Bank of Canada cut shares of UBS Group (NYSE:UBS) from an outperform rating to a sector perform rating in a report released on Wednesday, The Fly reports.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of UBS Group from a buy rating to a hold rating in a research report on Friday, March 24th. Jefferies Financial Group downgraded shares of UBS Group from a buy rating to a hold rating in a research report on Friday, March 24th. TheStreet downgraded shares of UBS Group from a b- rating to a c rating in a research report on Monday, March 13th. Bank of America raised shares of UBS Group from a neutral rating to a buy rating in a research report on Monday, March 20th. Finally, Societe Generale downgraded shares of UBS Group from a buy rating to a hold rating and set a $18.86 target price for the company. in a research report on Monday, March 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $19.38. Read more …



Hormel Foods (NYSE:HRL) was downgraded by equities researchers at Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Marketbeat reports.

Several other research analysts have also recently weighed in on HRL. JPMorgan Chase & Co. cut Hormel Foods from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $47.00 to $38.00 in a research note on Friday, March 3rd. Bank of America reduced their price objective on Hormel Foods from $45.00 to $41.00 in a research note on Monday, March 6th. Credit Suisse Group cut their price target on Hormel Foods from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, March 3rd. Barclays cut their price target on Hormel Foods from $48.00 to $45.00 in a research note on Friday, March 3rd. Finally, Stephens lowered their price objective on Hormel Foods from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, March 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.71. Read more …



Archive of Upgrades and Downgrades


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