Notable Analyst Upgrades and Downgrades for Week of June 5 2023

 


 

Upgrades:



CMS Energy (NYSE:CMS) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports.

Other equities analysts also recently issued reports about the company. Morgan Stanley boosted their price objective on CMS Energy from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 20th. Guggenheim dropped their price objective on shares of CMS Energy from $68.00 to $65.00 in a research report on Monday, April 24th. Bank of America raised shares of CMS Energy from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $68.00 to $66.00 in a research report on Wednesday, March 8th. StockNews.com initiated coverage on CMS Energy in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $71.00 price target on shares of CMS Energy in a research note on Wednesday, February 8th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.22. Read more …



DTE Energy (NYSE:DTE) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, The Fly reports.

Several other analysts have also weighed in on DTE. Deutsche Bank Aktiengesellschaft set a €29.50 ($31.72) target price on shares of DTE Energy in a research note on Thursday, February 23rd. Berenberg Bank set a €28.00 ($30.11) price target on DTE Energy in a research report on Tuesday, February 14th. JPMorgan Chase & Co. set a €30.00 ($32.26) price objective on DTE Energy in a research note on Tuesday, March 21st. Guggenheim dropped their target price on DTE Energy from $131.00 to $127.00 in a research report on Monday, April 24th. Finally, Morgan Stanley upped their price target on shares of DTE Energy from $120.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.69. Read more ...



McCormick & Company, Incorporated (NYSE:MKC) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “buy” rating in a report released on Tuesday, The Fly reports. The brokerage presently has a $100.00 price target on the stock, up from their previous price target of $75.00. Bank of America‘s price objective would indicate a potential upside of 12.64% from the stock’s previous close.

A number of other analysts have also weighed in on MKC. StockNews.com began coverage on shares of McCormick & Company, Incorporated in a research note on Thursday, May 18th. They issued a “hold” rating for the company. JPMorgan Chase & Co. increased their price target on McCormick & Company, Incorporated from $63.00 to $66.00 and gave the company an “underweight” rating in a research note on Wednesday, March 29th. Credit Suisse Group dropped their price objective on McCormick & Company, Incorporated from $75.00 to $72.00 in a research note on Tuesday, March 21st. Stifel Nicolaus started coverage on McCormick & Company, Incorporated in a research note on Thursday, April 13th. They set a “hold” rating and a $82.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of McCormick & Company, Incorporated from $69.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, March 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $82.60. Read more …




Credit Suisse Group upgraded shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) from a neutral rating to an outperform rating in a research note published on Thursday morning, The Fly reports.

TD has been the subject of several other research reports. StockNews.com cut Toronto-Dominion Bank from a hold rating to a sell rating in a research note on Tuesday. Barclays lowered shares of Toronto-Dominion Bank from an overweight rating to an equal weight rating in a research report on Tuesday, May 9th. Scotiabank upgraded shares of Toronto-Dominion Bank from a sector perform rating to a sector outperform rating in a report on Friday, March 3rd. Finally, CIBC raised Toronto-Dominion Bank from a neutral rating to a sector outperform rating in a report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $100.57. Read more ...




Keefe, Bruyette & Woods upgraded shares of Principal Financial Group (NASDAQ:PFG) to a market perform rating in a report published on Thursday, The Fly reports.

Several other equities analysts have also commented on the company. Morgan Stanley raised their price objective on Principal Financial Group from $76.00 to $77.00 and gave the company an underweight rating in a research report on Friday, February 24th. Bank of America lowered Principal Financial Group from a buy rating to a neutral rating and lowered their price target for the stock from $81.00 to $78.00 in a research report on Monday, May 1st. Wells Fargo & Company initiated coverage on Principal Financial Group in a report on Tuesday, April 25th. They issued an equal weight rating and a $79.00 price objective for the company. Royal Bank of Canada cut their price target on Principal Financial Group from $88.00 to $83.00 in a research note on Monday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on Principal Financial Group from $78.00 to $83.00 and gave the company an underweight rating in a research note on Tuesday, April 4th. Six analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $77.31. Read more …



Morgan Stanley upgraded shares of Corning (NYSE:GLW) from an equal weight rating to an overweight rating in a research note issued to investors on Friday morning, The Fly reports. They currently have $38.00 price objective on the electronics maker’s stock, up from their previous price objective of $35.00.

GLW has been the subject of a number of other research reports. StockNews.com started coverage on Corning in a report on Thursday, May 18th. They issued a hold rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Corning from $38.00 to $37.00 in a research note on Wednesday, April 26th. Barclays reduced their target price on Corning from $35.00 to $33.00 in a research note on Wednesday, April 26th. JPMorgan Chase & Co. increased their target price on Corning from $40.00 to $42.00 and gave the company an overweight rating in a research note on Wednesday, April 19th. Finally, UBS Group reduced their target price on Corning from $40.00 to $39.00 in a research note on Wednesday, April 26th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Corning presently has a consensus rating of Moderate Buy and a consensus target price of $38.22. Read more …




Downgrades:



Morgan Stanley downgraded shares of Dollar General (NYSE:DG) from an overweight rating to an equal weight rating in a research note issued to investors on Monday, The Fly reports. Morgan Stanley currently has $180.00 target price on the stock, down from their previous target price of $235.00.

Several other research analysts have also commented on DG. Argus raised Dollar General from a hold rating to a buy rating and set a $250.00 price target for the company in a research report on Friday, April 21st. BMO Capital Markets reduced their target price on Dollar General from $230.00 to $175.00 in a research report on Friday. Wells Fargo & Company reduced their target price on Dollar General from $245.00 to $178.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on Dollar General from $256.00 to $201.00 in a research report on Friday. Finally, Citigroup reduced their target price on Dollar General from $240.00 to $230.00 in a research report on Monday, March 20th. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of Moderate Buy and a consensus target price of $208.50. Read more ...



Bank of America cut shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from a neutral rating to an underperform rating in a research report released on Monday, The Fly reports. They currently have $130.00 price target on the basic materials company’s stock.

RGLD has been the topic of a number of other research reports. National Bankshares dropped their price objective on Royal Gold from $165.00 to $160.00 and set a sector perform rating on the stock in a report on Friday, May 5th. Raymond James reduced their target price on Royal Gold from $153.00 to $148.00 and set an outperform rating on the stock in a report on Friday, April 21st. TheStreet downgraded Royal Gold from a b+ rating to a c rating in a report on Wednesday, May 3rd. National Bank Financial lifted their price target on Royal Gold from C$155.00 to C$165.00 in a research report on Tuesday, April 18th. Finally, StockNews.com assumed coverage on Royal Gold in a research report on Thursday, May 18th. They issued a hold rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $140.33. Read more …



Apple (NASDAQ:AAPL) was downgraded by DA Davidson from a "buy" rating to a "neutral" rating in a report released on Monday, The Fly reports.

A number of other equities research analysts also recently issued reports on AAPL. 58.com reissued a "maintains" rating on shares of Apple in a report on Monday. Evercore ISI increased their price target on shares of Apple from $190.00 to $210.00 and gave the company an "outperform" rating in a research report on Monday. Monness Crespi & Hardt increased their price target on shares of Apple from $174.00 to $188.00 and gave the company a "buy" rating in a research report on Friday, May 5th. 51job reiterated a "maintains" rating on shares of Apple in a research report on Friday. Finally, Loop Capital cut shares of Apple from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a research report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-five 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 an average price target of $176.28.

Shares of NASDAQ:AAPL traded down $1.37 during mid-day trading on Monday, hitting $179.58. The company had a trading volume of 121,661,186 shares, compared to its average volume of 63,857,234. The firm has a fifty day moving average price of $168.77 and a 200 day moving average price of $152.90. The company has a market capitalization of $2.82 trillion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.42 and a beta of 1.29. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.94 and a quick ratio of 0.88. Apple has a one year low of $124.17 and a one year high of $184.95. Read more …




American Electric Power (NASDAQ:AEP) was downgraded by equities researchers at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, The Fly reports.

AEP has been the subject of a number of other research reports. Cfra raised their price objective on American Electric Power from $93.00 to $96.00 and gave the company a “hold” rating in a research note on Friday, February 24th. Citigroup boosted their target price on shares of American Electric Power from $99.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, April 17th. Mizuho dropped their price target on shares of American Electric Power from $100.00 to $94.00 in a research report on Monday. LADENBURG THALM/SH SH began coverage on American Electric Power in a report on Monday, April 3rd. They set a “sell” rating and a $82.50 price objective for the company. Finally, Morgan Stanley lifted their target price on American Electric Power from $101.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, American Electric Power currently has an average rating of “Hold” and an average price target of $98.73. Read more …



Odeon Capital Group lowered shares of Wells Fargo & Company (NYSE:WFC) from a buy rating to a hold rating in a report released on Wednesday, The Fly reports.

Other analysts have also recently issued reports about the stock. Citigroup reduced their target price on shares of Wells Fargo & Company from $52.00 to $50.00 and set a buy rating for the company in a report on Monday, April 17th. Barclays reduced their price objective on shares of Wells Fargo & Company from $64.00 to $54.00 and set an overweight rating for the company in a research note on Wednesday, April 12th. Morgan Stanley reduced their price objective on shares of Wells Fargo & Company from $47.00 to $46.00 and set an overweight rating for the company in a research note on Monday, April 17th. Royal Bank of Canada reduced their price objective on shares of Wells Fargo & Company from $45.00 to $42.00 and set a sector perform rating for the company in a research note on Friday, March 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Wells Fargo & Company from $49.00 to $45.00 and set a neutral rating for the company in a research note on Monday, April 10th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Wells Fargo & Company currently has an average rating of Moderate Buy and an average target price of $49.45. Read more …



Archive of Upgrades and Downgrades


Comments