Notable Analyst Upgrades and Downgrades for Week of May 29 2023

 

 

Upgrades:

BMO Capital Markets upgraded shares of Alliant Energy (NASDAQ:LNT) from a market perform rating to an outperform rating in a research note released on Tuesday morning, The Fly reports. BMO Capital Markets currently has $56.00 price objective on the stock, down from their previous price objective of $60.00.

A number of other equities research analysts have also weighed in on the stock. Guggenheim raised shares of Alliant Energy from a sell rating to a neutral rating and lifted their target price for the company from $46.00 to $52.00 in a research note on Tuesday, February 21st. StockNews.com started coverage on shares of Alliant Energy in a research note on Thursday, May 18th. They set a sell rating on the stock. Finally, Wells Fargo & Company raised shares of Alliant Energy from an equal weight rating to an overweight rating and lifted their target price for the company from $58.00 to $61.00 in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $58.44. Read more …

Roth Mkm upgraded shares of Constellation Brands (NYSE:STZ) from a neutral rating to a buy rating in a research note published on Tuesday, MarketBeat Ratings reports. Roth Mkm currently has $270.00 price objective on the stock, up from their previous price objective of $216.00.

A number of other equities research analysts have also weighed in on STZ. Wells Fargo & Company boosted their price objective on shares of Constellation Brands from $250.00 to $260.00 and gave the company an overweight rating in a report on Monday, April 10th. TD Cowen boosted their target price on shares of Constellation Brands from $200.00 to $220.00 and gave the company an outperform rating in a research report on Monday, April 10th. UBS Group boosted their target price on shares of Constellation Brands from $267.00 to $280.00 and gave the company a buy rating in a research report on Monday, April 10th. Roth Capital restated a neutral rating on shares of Constellation Brands in a research report on Wednesday, February 22nd. Finally, Barclays decreased their target price on shares of Constellation Brands from $279.00 to $277.00 and set an overweight rating for the company in a research report on Tuesday, April 11th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $253.45. Read more ...

Medtronic (NYSE:MDT) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday, Briefing.com reports. The brokerage presently has a $104.00 price objective on the medical technology company’s stock. Morgan Stanley’s price target would indicate a potential upside of 27.67% from the company’s current price.

MDT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Medtronic from $80.00 to $87.00 in a report on Wednesday, February 22nd. Sanford C. Bernstein dropped their target price on Medtronic from $100.00 to $99.00 in a research report on Friday. Stifel Nicolaus boosted their target price on Medtronic from $90.00 to $92.00 in a research report on Friday. UBS Group downgraded Medtronic from a “buy” rating to a “sell” rating and dropped their target price for the stock from $127.00 to $79.00 in a research report on Wednesday, March 29th. Finally, Wells Fargo & Company upgraded Medtronic from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $77.00 to $100.00 in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $91.37. Read more …

Vertical Research upgraded shares of HEICO (NYSE:HEI) from a hold rating to a buy rating in a research report released on Tuesday morning, The Fly reports. The brokerage currently has $191.00 target price on the aerospace company’s stock.

Several other research analysts also recently commented on HEI. Morgan Stanley lifted their price target on HEICO from $172.00 to $184.00 and gave the stock an equal weight rating in a research report on Wednesday, March 1st. StockNews.com assumed coverage on HEICO in a research report on Thursday, May 18th. They set a hold rating on the stock. Bank of America boosted their price target on HEICO from $162.00 to $190.00 and gave the company a neutral rating in a research note on Monday, April 3rd. Jefferies Financial Group boosted their price target on HEICO from $180.00 to $205.00 and gave the company a buy rating in a research note on Monday, February 27th. Finally, Truist Financial boosted their price objective on HEICO from $169.00 to $190.00 in a research note on Wednesday, March 1st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HEICO currently has a consensus rating of Moderate Buy and an average target price of $187.89. Read more …

Royal Bank of Canada upgraded shares of Canadian Western Bank (OTCMKTS:CBWBF) from a sector perform rating to an outperform rating in a research report sent to investors on Tuesday morning, The Fly reports.

A number of other research analysts have also recently weighed in on CBWBF. TD Securities dropped their price objective on shares of Canadian Western Bank from C$34.00 to C$33.00 in a research note on Friday, March 3rd. CIBC dropped their price objective on shares of Canadian Western Bank from C$30.00 to C$28.00 in a research note on Tuesday, May 16th. Scotiabank decreased their target price on shares of Canadian Western Bank from C$29.00 to C$28.00 in a research report on Friday, February 17th. Desjardins raised their target price on shares of Canadian Western Bank from C$30.00 to C$35.00 in a research report on Tuesday, February 7th. Finally, Barclays decreased their target price on shares of Canadian Western Bank from C$27.00 to C$26.00 in a research report on Tuesday.

Shares of OTCMKTS:CBWBF opened at $18.43 on Tuesday. Canadian Western Bank has a 52 week low of $15.70 and a 52 week high of $24.03. The company has a 50-day moving average price of $17.70 and a 200 day moving average price of $18.67. Read more ...

Chevron (NYSE:CVX) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports. The brokerage presently has a $170.00 target price on the oil and gas company’s stock, up from their previous target price of $161.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 11.05% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Truist Financial reduced their price target on shares of Chevron from $193.00 to $190.00 in a research report on Monday, May 1st. BNP Paribas raised shares of Chevron from an “underperform” rating to a “neutral” rating and set a $200.00 price target on the stock in a report on Tuesday, April 4th. Scotiabank upgraded Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $195.00 to $200.00 in a research note on Thursday, April 13th. Mizuho lowered their target price on Chevron from $206.00 to $196.00 in a research note on Friday, May 19th. Finally, StockNews.com began coverage on Chevron in a research report on Thursday, May 18th. They set a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $192.78. Read more …

Robert W. Baird upgraded shares of Xylem (NYSE:XYL) from a neutral rating to an outperform rating in a research note published on Wednesday morning, The Fly reports. Robert W. Baird currently has $135.00 price objective on the industrial products company’s stock, up from their prior price objective of $122.00.

XYL has been the subject of several other reports. TheStreet downgraded Xylem from a b rating to a c+ rating in a research report on Thursday, May 4th. Citigroup decreased their price objective on Xylem from $123.00 to $121.00 and set a neutral rating for the company in a report on Wednesday, February 8th. StockNews.com began coverage on Xylem in a report on Thursday, May 18th. They issued a hold rating for the company. Cowen lifted their price objective on Xylem from $115.00 to $120.00 and gave the company an outperform rating in a report on Tuesday, February 14th. Finally, Mizuho restated a neutral rating and issued a $105.00 price objective on shares of Xylem in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $116.64. Read more …

JPMorgan Chase & Co. upgraded shares of Domino’s Pizza (NYSE:DPZ) from a neutral rating to an overweight rating in a research note released on Thursday, The Fly reports. JPMorgan Chase & Co. currently has $360.00 price target on the restaurant operator’s stock, up from their previous price target of $340.00.

A number of other research firms also recently commented on DPZ. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Domino’s Pizza from $351.00 to $334.00 and set a hold rating on the stock in a research note on Monday, February 27th. Northcoast Research reiterated a neutral rating on shares of Domino’s Pizza in a research report on Tuesday, February 28th. Wedbush dropped their price target on shares of Domino’s Pizza from $400.00 to $365.00 and set an outperform rating on the stock in a research report on Friday, February 24th. Robert W. Baird downgraded shares of Domino’s Pizza from an outperform rating to a neutral rating and dropped their price target for the stock from $400.00 to $320.00 in a research report on Friday, February 24th. Finally, Stephens reiterated an equal weight rating and issued a $300.00 target price on shares of Domino’s Pizza in a report on Thursday, March 23rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $356.04. Read more …

UBS Group upgraded shares of CSX (NASDAQ:CSX) from a neutral rating to a buy rating in a research report released on Thursday morning, The Fly reports. They currently have $37.00 target price on the transportation company’s stock, up from their prior target price of $33.00.

Other equities analysts also recently issued reports about the company. Stephens increased their target price on CSX from $34.00 to $36.00 and gave the stock an overweight rating in a research report on Friday, April 21st. TD Cowen boosted their target price on shares of CSX from $35.00 to $37.00 and gave the company a market perform rating in a report on Friday, April 21st. Raymond James increased their price target on shares of CSX from $34.00 to $35.00 and gave the stock an outperform rating in a research note on Friday, April 21st. Evercore ISI boosted their price objective on shares of CSX from $33.00 to $34.00 and gave the company an outperform rating in a research note on Friday, April 21st. Finally, Stifel Nicolaus lifted their target price on CSX from $35.00 to $37.00 and gave the company a buy rating in a report on Friday, April 21st. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $34.92. Read more …

Phillips 66 (NYSE:PSX) was upgraded by analysts at TD Cowen from a "market perform" rating to an "outperform" rating in a report issued on Thursday, Marketbeat reports. The brokerage presently has a $123.00 price objective on the oil and gas company's stock, up from their previous price objective of $110.00. TD Cowen's price target points to a potential upside of 34.26% from the company's previous close.

PSX has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on Phillips 66 from $112.00 to $120.00 and gave the company an "overweight" rating in a research note on Tuesday, March 28th. Piper Sandler cut their price objective on shares of Phillips 66 from $141.00 to $127.00 in a research report on Thursday, May 18th. Royal Bank of Canada upped their target price on shares of Phillips 66 from $130.00 to $132.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 8th. UBS Group assumed coverage on Phillips 66 in a report on Wednesday, March 8th. They issued a "buy" rating and a $139.00 target price for the company. Finally, StockNews.com upgraded shares of Phillips 66 from a "hold" rating to a "buy" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.73. Read more …

Bank of America upgraded shares of NextEra Energy Partners (NYSE:NEP) from an underperform rating to a neutral rating in a research report report published on Thursday morning, The Fly reports. The brokerage currently has $60.00 target price on the solar energy provider’s stock, up from their prior target price of $53.00.

A number of other equities research analysts also recently commented on the company. KeyCorp cut their price objective on NextEra Energy Partners from $83.00 to $72.00 in a research report on Tuesday, April 18th. CIBC raised shares of NextEra Energy Partners from a sector perform rating to a sector outperform rating in a report on Monday, May 8th. Guggenheim reduced their price target on shares of NextEra Energy Partners from $81.00 to $74.00 in a research report on Tuesday, May 9th. Wells Fargo & Company cut their price objective on shares of NextEra Energy Partners from $85.00 to $80.00 in a research report on Wednesday, May 17th. Finally, TheStreet lowered shares of NextEra Energy Partners from a b- rating to a c+ rating in a research note on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy Partners currently has a consensus rating of Moderate Buy and an average target price of $78.92. Read more ...

Genuine Parts (NYSE:GPC) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has a $189.00 price target on the specialty retailer’s stock, up from their previous price target of $185.00. Bank of America‘s price target would suggest a potential upside of 23.25% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $163.00 to $164.00 in a report on Monday, May 1st. They noted that the move was a valuation call. Truist Financial raised their price objective on shares of Genuine Parts from $186.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, April 21st. Wedbush reaffirmed a “neutral” rating and set a $165.00 price target on shares of Genuine Parts in a report on Friday, April 21st. Finally, StockNews.com assumed coverage on shares of Genuine Parts in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.60. Read more …

Downgrades:

Morgan Stanley cut shares of Abbott Laboratories (NYSE:ABT) from an overweight rating to an equal weight rating in a research note published on Tuesday, MarketBeat.com reports. The firm currently has $112.00 price target on the healthcare product maker’s stock.

Several other research analysts have also commented on the stock. Citigroup raised their price target on shares of Abbott Laboratories from $125.00 to $130.00 and gave the company a buy rating in a report on Wednesday, April 19th. JPMorgan Chase & Co. raised their price target on shares of Abbott Laboratories from $118.00 to $122.00 and gave the company an overweight rating in a report on Thursday, April 20th. Wolfe Research dropped their price objective on shares of Abbott Laboratories from $107.00 to $103.00 and set an underperform rating on the stock in a research note on Thursday, April 20th. SVB Leerink lifted their price objective on shares of Abbott Laboratories from $90.00 to $102.00 and gave the company a market perform rating in a research note on Friday, March 31st. Finally, UBS Group lifted their price objective on shares of Abbott Laboratories from $117.00 to $130.00 and gave the company a buy rating in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $121.26. Read more …

Exxon Mobil (NYSE:XOM) was downgraded by research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday, The Fly reports.

A number of other equities analysts also recently issued reports on XOM. Truist Financial upped their price target on Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. Cowen increased their price objective on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $140.00 to $135.00 in a report on Thursday, April 13th. Finally, Argus increased their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.30. Read more …

JPMorgan Chase & Co. lowered shares of Target (NYSE:TGT) from an overweight rating to a neutral rating in a research report report published on Thursday, The Fly reports. JPMorgan Chase & Co. currently has $144.00 target price on the retailer’s stock, down from their prior target price of $182.00.

TGT has been the subject of a number of other research reports. Morgan Stanley reaffirmed an equal weight rating and set a $155.00 target price on shares of Target in a report on Monday, February 13th. Cowen dropped their target price on Target from $210.00 to $200.00 and set an outperform rating for the company in a report on Wednesday, February 15th. TheStreet raised Target from a c+ rating to a b- rating in a research note on Thursday, February 16th. Telsey Advisory Group restated an outperform rating and issued a $185.00 price objective on shares of Target in a report on Wednesday, March 1st. Finally, StockNews.com upgraded shares of Target from a hold rating to a buy rating in a report on Monday. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $179.72. Read more …

Piper Sandler lowered shares of Dollar General (NYSE:DG) from an overweight rating to a neutral rating in a research note issued to investors on Thursday morning, The Fly reports.

Several other analysts also recently issued reports on DG. Barclays began coverage on Dollar General in a research note on Tuesday, February 7th. They issued an equal weight rating and a $237.00 price target on the stock. OTR Global raised Dollar General to a positive rating in a research note on Friday, May 26th. Telsey Advisory Group reaffirmed an outperform rating and issued a $242.00 target price on shares of Dollar General in a research report on Friday, March 17th. Deutsche Bank Aktiengesellschaft lifted their target price on Dollar General from $248.00 to $249.00 in a research report on Friday, March 17th. Finally, Argus raised Dollar General from a hold rating to a buy rating and set a $250.00 target price on the stock in a research report on Friday, April 21st. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $248.82. Read more …

Xcel Energy (NASDAQ:XEL) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued on Friday, The Fly reports.

A number of other research analysts also recently issued reports on XEL. Mizuho cut their price objective on Xcel Energy from $72.00 to $69.00 in a research note on Tuesday. JPMorgan Chase & Co. downgraded Xcel Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $79.00 to $68.00 in a research note on Friday. StockNews.com started coverage on Xcel Energy in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Morgan Stanley increased their price target on Xcel Energy from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, April 20th. Finally, BMO Capital Markets cut their price objective on Xcel Energy from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.10. Read more …

Archive of Upgrades and Downgrades