May 27, 2023

Notable Analyst Upgrades and Downgrades for Week of May 22 2023

 


 

Upgrades:



CSX (NASDAQ:CSX) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Monday, The Fly reports.

Several other equities research analysts also recently weighed in on CSX. BMO Capital Markets increased their price target on CSX from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, April 21st. StockNews.com lowered CSX from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. UBS Group increased their target price on CSX from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, April 21st. Bank of America lifted their price target on CSX from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, April 21st. Finally, Raymond James raised their target price on CSX from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, April 21st. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.60.

Shares of NASDAQ CSX opened at $32.31 on Monday. The business has a 50-day moving average price of $30.38 and a 200 day moving average price of $30.99. The stock has a market cap of $65.69 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23. The company has a quick ratio of 1.28, a current ratio of 1.45 and a debt-to-equity ratio of 1.45. CSX has a 52-week low of $25.80 and a 52-week high of $34.71. Read more …



Citigroup upgraded shares of Norfolk Southern (NYSE:NSC) from a neutral rating to a buy rating in a report issued on Monday morning, The Fly reports. The brokerage currently has $257.00 target price on the railroad operator’s stock, up from their prior target price of $226.00.

A number of other research firms also recently commented on NSC. Wells Fargo & Company reduced their price objective on shares of Norfolk Southern from $245.00 to $225.00 and set an equal weight rating for the company in a report on Monday, April 17th. Sanford C. Bernstein dropped their target price on shares of Norfolk Southern from $239.00 to $226.00 and set a market perform rating for the company in a research report on Thursday, April 27th. VNET Group reiterated a maintains rating on shares of Norfolk Southern in a research report on Thursday, April 27th. Benchmark dropped their target price on shares of Norfolk Southern from $280.00 to $270.00 and set a buy rating for the company in a research report on Thursday, January 26th. Finally, Cowen increased their target price on shares of Norfolk Southern from $256.00 to $259.00 and gave the stock an outperform rating in a research report on Thursday, January 26th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Norfolk Southern currently has a consensus rating of Moderate Buy and an average target price of $242.48. Read more …



Citigroup upgraded shares of Union Pacific (NYSE:UNP) from a neutral rating to a buy rating in a research note published on Monday morning, The Fly reports. The firm currently has $257.00 price target on the railroad operator’s stock, up from their previous price target of $226.00.

Other equities analysts have also recently issued reports about the stock. Sanford C. Bernstein reduced their price target on shares of Union Pacific from $223.00 to $213.00 and set a market perform rating on the stock in a research report on Friday, April 21st. Stifel Nicolaus dropped their price objective on Union Pacific from $222.00 to $216.00 and set a hold rating for the company in a research report on Friday, April 21st. Bank of America upped their target price on Union Pacific from $241.00 to $247.00 and gave the stock a buy rating in a report on Friday, April 21st. BMO Capital Markets decreased their target price on Union Pacific from $245.00 to $240.00 and set an outperform rating for the company in a research note on Friday, April 21st. Finally, The Goldman Sachs Group raised their target price on Union Pacific from $219.00 to $225.00 and gave the company a buy rating in a report on Tuesday, January 24th. Thirteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific currently has a consensus rating of Moderate Buy and an average price target of $217.41. Read more ...




Odeon Capital Group upgraded shares of KeyCorp (NYSE:KEY) from a hold rating to a buy rating in a research report report published on Monday morning, The Fly reports. Odeon Capital Group currently has $11.00 target price on the financial services provider’s stock.

Several other research analysts also recently commented on KEY. Morgan Stanley decreased their price objective on KeyCorp from $21.00 to $14.00 and set an equal weight rating on the stock in a report on Wednesday, April 5th. Wedbush reiterated a hold neutral rating and issued a $13.00 price objective on shares of KeyCorp in a report on Friday, April 21st. StockNews.com started coverage on KeyCorp in a research report on Thursday, May 18th. They set a sell rating for the company. Piper Sandler raised KeyCorp from an underweight rating to a neutral rating and reduced their target price for the stock from $18.50 to $16.50 in a report on Friday, March 10th. Finally, TheStreet lowered KeyCorp from a b- rating to a c+ rating in a report on Monday, May 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $15.97. Read more …



HSBC upgraded shares of Chevron (NYSE:CVX) from a hold rating to a buy rating in a research note issued to investors on Tuesday, The Fly reports. They currently have $189.00 price objective on the oil and gas company’s stock.

A number of other equities analysts also recently issued reports on CVX. Wells Fargo & Company cut their price target on Chevron from $204.00 to $199.00 and set an overweight rating for the company in a research note on Thursday, March 2nd. Piper Sandler cut their target price on Chevron from $203.00 to $196.00 in a research note on Thursday, May 18th. Truist Financial cut their target price on Chevron from $193.00 to $190.00 in a research note on Monday, May 1st. StockNews.com started coverage on Chevron in a research note on Thursday, May 18th. They issued a hold rating on the stock. Finally, Cowen cut their target price on Chevron from $185.00 to $170.00 and set an outperform rating on the stock in a research note on Friday, February 24th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $194.12. Read more …



Barclays upgraded shares of Owens Corning (NYSE:OC) from an equal weight rating to an overweight rating in a research report released on Wednesday, The Fly reports. The firm currently has $135.00 target price on the construction company’s stock, up from their prior target price of $113.00.

OC has been the subject of a number of other reports. UBS Group upped their price target on shares of Owens Corning from $121.00 to $128.00 and gave the company a buy rating in a report on Thursday, February 16th. Truist Financial upped their price target on shares of Owens Corning from $85.00 to $105.00 in a report on Friday, February 17th. Loop Capital upped their price target on shares of Owens Corning from $102.00 to $125.00 and gave the company a buy rating in a report on Thursday, February 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Owens Corning from $102.00 to $110.00 in a report on Monday, May 1st. Finally, Benchmark upped their price target on shares of Owens Corning from $110.00 to $120.00 and gave the company a buy rating in a report on Tuesday, February 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $107.92. Read more …




Jefferies Financial Group upgraded shares of Sherwin-Williams (NYSE:SHW) from a hold rating to a buy rating in a research report released on Wednesday morning, The Fly reports. They currently have $275.00 target price on the specialty chemicals company’s stock, up from their previous target price of $240.00.

Other research analysts also recently issued research reports about the company. StockNews.com began coverage on Sherwin-Williams in a report on Thursday, May 18th. They set a buy rating on the stock. Mizuho lifted their price objective on Sherwin-Williams from $263.00 to $268.00 in a research report on Wednesday, April 26th. Royal Bank of Canada cut their price objective on Sherwin-Williams from $285.00 to $267.00 and set an outperform rating on the stock in a research report on Tuesday, January 31st. JPMorgan Chase & Co. cut their price objective on Sherwin-Williams from $260.00 to $235.00 and set an overweight rating on the stock in a research report on Friday, January 27th. Finally, Morgan Stanley cut their price objective on Sherwin-Williams from $300.00 to $275.00 and set an overweight rating on the stock in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of Moderate Buy and a consensus price target of $258.74. Read more …



Robert W. Baird upgraded shares of NVIDIA (NASDAQ:NVDA) from a neutral rating to an outperform rating in a research report released on Thursday morning, The Fly reports. The brokerage currently has $475.00 price target on the computer hardware maker’s stock, up from their prior price target of $300.00.

NVDA has been the subject of several other research reports. TheStreet upgraded shares of NVIDIA from a c+ rating to a b- rating in a report on Monday, March 20th. Credit Suisse Group set a $275.00 target price on shares of NVIDIA in a report on Wednesday, March 22nd. Barclays upped their target price on shares of NVIDIA from $250.00 to $275.00 and gave the company an overweight rating in a report on Thursday, February 23rd. Jefferies Financial Group upped their target price on shares of NVIDIA from $275.00 to $300.00 and gave the company a buy rating in a report on Thursday, February 23rd. Finally, Citigroup upped their target price on shares of NVIDIA from $245.00 to $305.00 and gave the company a buy rating in a report on Friday, March 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $375.13. Read more …



Bank of America upgraded shares of Pinnacle West Capital (NYSE:PNW) from an underperform rating to a neutral rating in a report released on Friday morning, The Fly reports. They currently have $78.00 price objective on the utilities provider’s stock, up from their previous price objective of $76.00.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Pinnacle West Capital from a hold rating to a sell rating in a research report on Saturday, May 20th. Credit Suisse Group upgraded shares of Pinnacle West Capital from a neutral rating to an outperform rating and boosted their target price for the company from $77.00 to $80.00 in a research report on Tuesday, March 14th. Mizuho boosted their target price on shares of Pinnacle West Capital from $74.00 to $81.00 in a research report on Thursday, May 11th. Finally, Morgan Stanley boosted their target price on shares of Pinnacle West Capital from $71.00 to $78.00 and gave the company an equal weight rating in a research report on Thursday, April 20th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Pinnacle West Capital has a consensus rating of Hold and a consensus price target of $74.82. Read more …




Hamilton Lane (NASDAQ:HLNE) was upgraded by analysts at Oppenheimer from a "market perform" rating to an "outperform" rating in a research report issued on Friday, The Fly reports. The brokerage currently has a $87.00 target price on the stock. Oppenheimer's target price indicates a potential upside of 32.08% from the company's current price. The analysts noted that the move was a valuation call.

A number of other analysts have also recently issued reports on HLNE. Morgan Stanley boosted their target price on Hamilton Lane from $72.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, February 9th. Wells Fargo & Company boosted their target price on Hamilton Lane from $69.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 8th. The Goldman Sachs Group boosted their target price on Hamilton Lane from $70.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, February 9th. Finally, JPMorgan Chase & Co. upgraded Hamilton Lane from a "neutral" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Wednesday, March 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $78.17. Read more …



Downgrades:



NIKE (NYSE:NKE) was downgraded by equities research analysts at Williams Trading from a “hold” rating to a “sell” rating in a research report issued on Sunday, The Fly reports.

NKE has been the subject of several other reports. The Goldman Sachs Group boosted their price objective on NIKE from $134.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, March 22nd. Oppenheimer boosted their price objective on NIKE from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. Telsey Advisory Group boosted their price objective on NIKE from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, March 17th. StockNews.com started coverage on NIKE in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Redburn Partners started coverage on NIKE in a report on Thursday, March 16th. They set a “sell” rating and a $100.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.33. Read more …



Citigroup downgraded shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, The Fly reports. They currently have $125.00 target price on the transportation company’s stock, down from their prior target price of $139.00.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley upgraded Canadian National Railway from an equal weight rating to an overweight rating in a report on Thursday, May 4th. Royal Bank of Canada raised Canadian National Railway from a sector perform rating to an outperform rating in a research report on Thursday, April 6th. Barclays upped their price target on Canadian National Railway from $126.00 to $130.00 in a research report on Tuesday, April 25th. Credit Suisse Group upped their price target on Canadian National Railway from $126.00 to $133.00 in a research report on Tuesday, April 25th. Finally, Wells Fargo & Company increased their target price on Canadian National Railway from $115.00 to $125.00 in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of Hold and a consensus price target of $143.22. Read more …




Apple (NASDAQ:AAPL) was downgraded by equities researchers at Loop Capital from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, The Fly reports. They presently have a $180.00 price target on the iPhone maker’s stock. Loop Capital’s price objective would indicate a potential upside of 4.92% from the company’s previous close.

A number of other equities analysts also recently weighed in on AAPL. Credit Suisse Group increased their price target on shares of Apple from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, April 13th. Morgan Stanley increased their target price on Apple from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, May 5th. Needham & Company LLC boosted their price target on Apple from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Piper Sandler cut their price objective on Apple from $195.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, May 5th. Finally, Evercore ISI reiterated an “outperform” rating and set a $190.00 target price on shares of Apple in a report on Monday, February 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.74. Read more …


Redburn Partners cut shares of American Express (NYSE:AXP) from a neutral rating to a sell rating in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has $125.00 price target on the payment services company’s stock.

A number of other analysts have also recently weighed in on AXP. Morgan Stanley increased their price target on shares of American Express from $186.00 to $188.00 and gave the stock an overweight rating in a research note on Wednesday, April 5th. Oppenheimer cut their target price on shares of American Express from $182.00 to $180.00 and set an outperform rating for the company in a research report on Tuesday, April 4th. Royal Bank of Canada cut their target price on shares of American Express from $186.00 to $181.00 and set a sector perform rating for the company in a research report on Friday, April 21st. BMO Capital Markets cut their target price on shares of American Express from $194.00 to $185.00 and set a market perform rating for the company in a research report on Friday, April 21st. Finally, StockNews.com started coverage on shares of American Express in a research report on Thursday, May 18th. They set a hold rating for the company. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $174.50. Read more …



Archive of Upgrades and Downgrades


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