Notable Analyst Upgrades and Downgrades for Week of July 24 2023

 


 

Upgrades:



Raymond James upgraded shares of D.R. Horton (NYSE:DHI) from a market perform rating to an outperform rating in a research report released on Monday, Marketbeat.com reports. They currently have $160.00 price target on the construction company’s stock.

DHI has been the topic of several other reports. Citigroup upped their target price on D.R. Horton from $115.00 to $124.00 in a research report on Friday, April 21st. The Goldman Sachs Group raised their target price on D.R. Horton from $99.00 to $110.00 and gave the stock a neutral rating in a report on Friday, April 21st. Argus boosted their price target on D.R. Horton from $120.00 to $135.00 in a report on Friday, June 23rd. Barclays lifted their target price on shares of D.R. Horton from $138.00 to $150.00 and gave the company an overweight rating in a report on Friday. Finally, Bank of America upped their price objective on shares of D.R. Horton from $122.00 to $130.00 in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $134.44. Read more …



Raymond James upgraded shares of Becton, Dickinson and Company (NYSE:BDX) from a market perform rating to an outperform rating in a research report sent to investors on Monday morning, FlyOnTheWall reports.

BDX has been the subject of a number of other reports. Barclays upped their price target on Becton, Dickinson and Company from $282.00 to $284.00 in a report on Monday, May 8th. StockNews.com raised Becton, Dickinson and Company from a hold rating to a buy rating in a report on Tuesday, July 18th. Piper Sandler raised Becton, Dickinson and Company from a neutral rating to an overweight rating and increased their price objective for the company from $260.00 to $290.00 in a report on Friday, May 5th. Finally, Evercore ISI decreased their price objective on Becton, Dickinson and Company from $280.00 to $275.00 and set an outperform rating for the company in a report on Tuesday, April 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Becton, Dickinson and Company has a consensus rating of Moderate Buy and an average price target of $276.38. Read more …



Walmart (NYSE:WMT) was upgraded by research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports.

Other research analysts have also recently issued research reports about the company. Stephens restated an “overweight” rating and issued a $170.00 price target on shares of Walmart in a research note on Wednesday, April 5th. Tigress Financial upped their target price on shares of Walmart from $176.00 to $182.00 in a research note on Wednesday, June 7th. JPMorgan Chase & Co. lifted their price target on Walmart from $155.00 to $157.00 in a research report on Friday, May 19th. Citigroup lifted their target price on shares of Walmart from $169.00 to $174.00 in a research note on Friday, May 19th. Finally, Wells Fargo & Company raised their price target on Walmart from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 6th. Four research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $166.91. Read more …



Union Pacific (NYSE:UNP) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, FlyOnTheWall reports.

A number of other brokerages have also issued reports on UNP. Raymond James raised their price target on Union Pacific from $225.00 to $230.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 21st. Citigroup reduced their price target on shares of Union Pacific from $237.00 to $235.00 in a research note on Tuesday, July 11th. StockNews.com began coverage on shares of Union Pacific in a research report on Thursday, May 18th. They issued a “hold” rating for the company. BMO Capital Markets lowered their price target on Union Pacific from $245.00 to $240.00 and set an “outperform” rating for the company in a report on Friday, April 21st. Finally, TD Cowen reduced their price objective on Union Pacific from $222.00 to $218.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. Twelve research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $216.70. Read more …




Royal Bank of Canada upgraded shares of Owens Corning (NYSE:OC) from a sector perform rating to an outperform rating in a report issued on Thursday morning, FlyOnTheWall reports.

OC has been the topic of several other reports. Barclays raised their target price on Owens Corning from $135.00 to $161.00 in a research note on Thursday, July 13th. Citigroup lifted their price objective on Owens Corning from $132.00 to $134.00 and gave the company a neutral rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on Owens Corning from $102.00 to $110.00 in a research report on Monday, May 1st. StockNews.com began coverage on shares of Owens Corning in a report on Thursday, May 18th. They set a strong-buy rating for the company. Finally, Benchmark lowered shares of Owens Corning from a buy rating to a hold rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Owens Corning presently has an average rating of Moderate Buy and an average target price of $127.69. Read more …



California Water Service Group (NYSE:CWT) was upgraded by equities research analysts at Janney Montgomery Scott from a "neutral" rating to a "buy" rating in a research note issued to investors on Friday, FlyOnTheWall reports. The analysts noted that the move was a valuation call.

Several other research analysts have also recently issued reports on CWT. TheStreet cut California Water Service Group from a "b-" rating to a "c+" rating in a research note on Wednesday, June 14th. StockNews.com started coverage on shares of California Water Service Group in a research note on Thursday, May 18th. They set a "sell" rating for the company. 888 reissued an "upgrade" rating on shares of California Water Service Group in a report on Wednesday, June 28th. UBS Group cut shares of California Water Service Group from a "neutral" rating to a "sell" rating in a report on Wednesday, June 14th. Finally, Wells Fargo & Company upgraded shares of California Water Service Group from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $58.00 to $56.00 in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $61.50. Read more …



Downgrades:



Wells Fargo & Company lowered shares of Omnicom Group (NYSE:OMC) from an overweight rating to an equal weight rating in a research note issued to investors on Monday morning, MarketBeat.com reports. Wells Fargo & Company currently has $88.00 price objective on the business services provider’s stock, down from their prior price objective of $109.00.

Other equities research analysts have also issued research reports about the company. BNP Paribas raised Omnicom Group from an underperform rating to a neutral rating and set a $96.00 price target for the company in a research note on Wednesday, March 29th. Macquarie boosted their target price on Omnicom Group from $95.00 to $100.00 and gave the company a neutral rating in a research note on Wednesday, April 19th. JPMorgan Chase & Co. boosted their target price on Omnicom Group from $100.00 to $103.00 and gave the company an overweight rating in a research note on Wednesday, April 19th. Morgan Stanley restated an equal weight rating and set a $100.00 price target on shares of Omnicom Group in a report on Wednesday, July 19th. Finally, StockNews.com assumed coverage on Omnicom Group in a report on Thursday, May 18th. They set a hold rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $96.57. Read more …




Wells Fargo & Company cut shares of Interpublic Group of Companies (NYSE:IPG) from an overweight rating to an equal weight rating in a report issued on Monday morning, MarketBeat Ratings reports. The firm currently has $33.00 price objective on the business services provider’s stock, down from their previous price objective of $43.00.

Several other analysts have also recently issued reports on the company. Barclays cut their target price on Interpublic Group of Companies from $42.00 to $40.00 in a research report on Friday, April 28th. StockNews.com raised Interpublic Group of Companies from a sell rating to a hold rating in a research note on Monday, June 19th. BNP Paribas lowered Interpublic Group of Companies from an outperform rating to a neutral rating and set a $40.00 price target for the company. in a research note on Wednesday, March 29th. Finally, Bank of America raised their price objective on Interpublic Group of Companies from $40.00 to $44.00 in a research note on Sunday, July 2nd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $39.00. Read more …



Piper Sandler downgraded shares of American Express (NYSE:AXP) from a neutral rating to an underweight rating in a report issued on Monday morning, FlyOnTheWall reports.

Several other research analysts have also issued reports on the company. 22nd Century Group restated a reiterates rating on shares of American Express in a research report on Friday, June 30th. 3M restated a reiterates rating on shares of American Express in a research report on Friday, June 30th. Oppenheimer raised their price target on American Express from $180.00 to $193.00 and gave the stock an outperform rating in a research report on Tuesday, July 18th. Royal Bank of Canada dropped their price objective on American Express from $186.00 to $181.00 and set a sector perform rating on the stock in a research note on Friday, April 21st. Finally, BMO Capital Markets dropped their price objective on American Express from $194.00 to $185.00 and set a market perform rating on the stock in a research note on Friday, April 21st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $173.41. Read more …



Citigroup downgraded shares of Cintas (NASDAQ:CTAS) from a buy rating to a neutral rating in a research note published on Monday morning, Marketbeat Ratings reports. The firm currently has $550.00 price objective on the business services provider’s stock, up from their prior price objective of $540.00.

CTAS has been the topic of several other research reports. Stifel Nicolaus raised their price target on shares of Cintas from $512.00 to $521.00 in a report on Friday, July 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cintas from $524.00 to $542.00 in a research note on Monday, July 10th. Morgan Stanley lifted their price objective on shares of Cintas from $419.00 to $441.00 and gave the company an equal weight rating in a research note on Friday, July 14th. Argus lifted their price objective on shares of Cintas from $510.00 to $540.00 in a research note on Friday, July 14th. Finally, Jefferies Financial Group lowered shares of Cintas from a buy rating to a hold rating and dropped their price objective for the company from $512.00 to $487.00 in a research note on Friday, March 31st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cintas currently has a consensus rating of Moderate Buy and a consensus price target of $524.00. Read more …




Arbor Realty Trust (NYSE:ABR) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Monday, FlyOnTheWall reports.

Several other brokerages also recently weighed in on ABR. Wedbush initiated coverage on Arbor Realty Trust in a research report on Thursday, June 1st. They issued an “outperform” rating and a $15.00 price objective for the company. StockNews.com started coverage on Arbor Realty Trust in a research report on Thursday, May 18th. They issued a “hold” rating for the company. JMP Securities upped their target price on Arbor Realty Trust from $17.50 to $18.50 in a report on Wednesday, July 19th. Raymond James decreased their target price on Arbor Realty Trust from $18.50 to $16.00 and set an “outperform” rating for the company in a report on Friday, May 12th. Finally, Keefe, Bruyette & Woods decreased their target price on Arbor Realty Trust from $15.50 to $12.00 and set a “market perform” rating for the company in a report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.83. Read more …



NIKE (NYSE:NKE) was downgraded by research analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports.

Several other analysts also recently commented on NKE. Royal Bank of Canada reduced their target price on shares of NIKE from $138.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, June 30th. UBS Group boosted their price objective on NIKE from $145.00 to $150.00 in a report on Friday, June 30th. Robert W. Baird lowered their target price on NIKE from $138.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, July 3rd. Williams Trading cut NIKE from a “hold” rating to a “sell” rating in a report on Sunday, May 21st. Finally, Raymond James lowered their price objective on NIKE from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus price target of $131.03. Read more …



TC Energy Co. (TSE:TRP) (NYSE:TRP)’s share price reached a new 52-week low on Tuesday after CIBC downgraded the stock from an outperform rating to a neutral rating. CIBC now has a C$60.00 price target on the stock, down from their previous price target of C$62.00. TC Energy traded as low as C$49.94 and last traded at C$50.02, with a volume of 997457 shares trading hands. The stock had previously closed at C$50.89.

Several other brokerages have also weighed in on TRP. Credit Suisse Group upped their target price on shares of TC Energy from C$59.50 to C$60.00 in a research report on Tuesday, May 16th. UBS Group raised their target price on shares of TC Energy from C$59.00 to C$60.00 in a report on Monday, May 1st. Morgan Stanley lifted their price objective on shares of TC Energy from C$60.00 to C$63.00 in a report on Tuesday, April 25th. National Bankshares dropped their price target on TC Energy from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, Scotiabank decreased their target price on TC Energy from C$66.00 to C$64.00 and set a “sector perform” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$60.09. Read more …




The Goldman Sachs Group (NYSE:GS) was downgraded by equities researchers at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, MarketBeat reports. They currently have a $400.00 price target on the investment management company’s stock, up from their prior price target of $370.00. Citigroup’s price target points to a potential upside of 11.44% from the stock’s current price.

Several other research analysts have also weighed in on the stock. StockNews.com assumed coverage on shares of The Goldman Sachs Group in a research note on Thursday, May 18th. They set a “hold” rating on the stock. UBS Group raised their price objective on The Goldman Sachs Group from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday. Oppenheimer increased their price target on The Goldman Sachs Group from $433.00 to $483.00 in a report on Thursday, July 20th. Evercore ISI lifted their price objective on The Goldman Sachs Group from $360.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. Finally, JMP Securities restated a “market outperform” rating and set a $450.00 target price on shares of The Goldman Sachs Group in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $393.34. Read more …



Target (NYSE:TGT) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to a “market perform” rating in a research note issued to investors on Wednesday, Marketbeat reports.

A number of other equities analysts have also issued reports on TGT. JPMorgan Chase & Co. lowered Target from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $182.00 to $144.00 in a report on Thursday, June 1st. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Citigroup downgraded shares of Target from a “buy” rating to a “neutral” rating and cut their price target for the company from $177.00 to $130.00 in a report on Friday, June 9th. Finally, TheStreet downgraded shares of Target from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. Sixteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $178.10.

NYSE:TGT traded up $0.87 during trading hours on Wednesday, reaching $134.47. 5,176,694 shares of the company were exchanged, compared to its average volume of 4,223,191. The stock has a 50 day simple moving average of $135.58 and a 200 day simple moving average of $153.77. The firm has a market cap of $62.07 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.07 and a beta of 1.01. Target has a 52-week low of $125.08 and a 52-week high of $183.89. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.88 and a quick ratio of 0.18. Read more …





RTX (NYSE:RTX) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $95.00 price objective on the stock, down from their previous price objective of $120.00. Bank of America‘s target price indicates a potential upside of 8.77% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Robert W. Baird reduced their price target on shares of RTX from $115.00 to $100.00 in a research report on Wednesday. Citigroup increased their price target on shares of RTX from $106.00 to $113.50 in a research report on Wednesday, April 26th. StockNews.com initiated coverage on shares of RTX in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Royal Bank of Canada reduced their price target on shares of RTX from $110.00 to $105.00 in a research report on Wednesday. Finally, Jefferies Financial Group cut shares of RTX from a “buy” rating to a “hold” rating and reduced their price target for the company from $115.00 to $110.00 in a research report on Thursday, April 20th. Seven 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, RTX presently has an average rating of “Hold” and a consensus price target of $104.33. Read more …



Archive of Upgrades and Downgrades


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