Notable Analyst Upgrades and Downgrades for Week of July 31 2023

 

 

Upgrades:

Chevron (NYSE:CVX) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Monday, Briefing.com reports. The firm currently has a $187.00 price target on the oil and gas company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 17.71% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Mizuho raised their price target on Chevron from $202.00 to $205.00 in a research report on Tuesday, July 11th. Citigroup decreased their price objective on Chevron from $180.00 to $170.00 in a research note on Tuesday, July 11th. Piper Sandler decreased their price objective on Chevron from $196.00 to $188.00 in a research note on Tuesday, June 13th. HSBC raised Chevron from a “hold” rating to a “buy” rating and set a $189.00 price objective on the stock in a research note on Tuesday, May 23rd. Finally, Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $195.00 to $200.00 in a research note on Thursday, April 13th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $190.95. Read more …

Ryder System (NYSE:R) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Monday, FlyOnTheWall reports.

R has been the topic of several other research reports. Stifel Nicolaus cut their price objective on Ryder System from $107.00 to $105.00 in a report on Thursday, April 27th. StockNews.com began coverage on shares of Ryder System in a research note on Thursday, May 18th. They set a “buy” rating for the company. Finally, Wells Fargo & Company boosted their price target on shares of Ryder System from $80.00 to $100.00 in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.60.

Shares of NYSE R opened at $101.13 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.62 and a quick ratio of 0.60. Ryder System has a one year low of $65.69 and a one year high of $102.36. The stock’s fifty day moving average price is $84.85 and its two-hundred day moving average price is $87.69. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 8.76 and a beta of 1.56. Read more …

The Goldman Sachs Group (NYSE:GS) was upgraded by research analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating in a note issued to investors on Tuesday, Briefing.com reports. The brokerage presently has a $351.00 price target on the investment management company’s stock, up from their prior price target of $330.00. Atlantic Securities’ price objective indicates a potential downside of 1.37% from the company’s current price.

Several other research firms also recently commented on GS. Oppenheimer boosted their target price on shares of The Goldman Sachs Group from $433.00 to $483.00 in a research report on Thursday, July 20th. UBS Group upped their price objective on shares of The Goldman Sachs Group from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $450.00 price objective on shares of The Goldman Sachs Group in a research report on Thursday, July 20th. StockNews.com began coverage on shares of The Goldman Sachs Group in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $420.00 to $390.00 and set an “overweight” rating for the company in a research report on Monday, April 3rd. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $396.93. Read more …

KeyCorp (NYSE:KEY) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Wednesday, Briefing.com reports. The firm presently has a $13.50 price target on the financial services provider’s stock, up from their previous price target of $11.50. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 12.69% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Citigroup raised their price objective on shares of KeyCorp from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 24th. Wells Fargo & Company dropped their price objective on shares of KeyCorp from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, April 21st. Argus dropped their price objective on shares of KeyCorp from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, July 24th. Piper Sandler dropped their price objective on shares of KeyCorp from $13.50 to $11.50 in a report on Thursday, June 15th. Finally, StockNews.com began coverage on shares of KeyCorp in a report on Thursday, May 18th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.60. Read more …

Comcast (NASDAQ:CMCSA) was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a note issued to investors on Wednesday, MarketBeat.com reports.

A number of other research analysts have also recently commented on the stock. UBS Group increased their target price on shares of Comcast from $35.00 to $41.00 in a report on Friday, April 28th. Credit Suisse Group increased their target price on shares of Comcast from $50.00 to $54.00 in a report on Thursday, July 27th. KeyCorp increased their target price on shares of Comcast from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Barclays raised their price objective on shares of Comcast from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Morgan Stanley raised their price objective on shares of Comcast from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, July 24th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.80. Read more …

Capital Power (TSE:CPX) was upgraded by investment analysts at Industrial Alliance Securities from a “hold” rating to a “buy” rating in a report released on Thursday, BayStreet.CA reports. The firm currently has a C$51.00 price target on the stock. Industrial Alliance Securities’ target price points to a potential upside of 26.93% from the company’s current price.

A number of other equities analysts have also recently commented on the company. BMO Capital Markets lowered their target price on Capital Power from C$47.00 to C$46.00 and set a “market perform” rating for the company in a report on Thursday. National Bankshares decreased their price objective on Capital Power from C$53.00 to C$52.00 in a research note on Tuesday, July 18th. ATB Capital decreased their price objective on Capital Power from C$50.00 to C$48.00 and set a “sector perform” rating for the company in a research note on Thursday, July 20th. Scotiabank decreased their price objective on Capital Power from C$52.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada decreased their price objective on Capital Power from C$50.00 to C$48.00 and set a “sector perform” rating for the company in a research note on Friday, June 30th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$50.18. Read more …

Downgrades:

Tractor Supply (NASDAQ:TSCO) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Monday, Marketbeat reports. They presently have a $224.00 price target on the specialty retailer’s stock, down from their prior price target of $254.00. Barclays‘s price target would indicate a potential upside of 0.00% from the company’s current price.

TSCO has been the subject of several other reports. Piper Sandler lowered their price objective on shares of Tractor Supply from $262.00 to $256.00 in a research note on Friday. Raymond James lowered their price objective on shares of Tractor Supply from $270.00 to $255.00 in a research note on Monday, July 17th. Bank of America cut shares of Tractor Supply from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $270.00 to $226.00 in a research note on Tuesday, July 25th. UBS Group lowered their price objective on shares of Tractor Supply from $247.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Guggenheim decreased their price target on shares of Tractor Supply from $265.00 to $245.00 in a research report on Thursday, June 29th. Ten research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.35. Read more …

Eastman Chemical (NYSE:EMN) was downgraded by Piper Sandler from an “overweight” rating to a “neutral” rating in a report released on Tuesday, Briefing.com reports. They presently have a $96.00 price objective on the basic materials company’s stock. Piper Sandler’s target price indicates a potential upside of 12.18% from the stock’s previous close.

EMN has been the topic of several other reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Eastman Chemical from $92.00 to $86.00 in a report on Monday, June 12th. StockNews.com cut Eastman Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Citigroup raised their target price on Eastman Chemical from $96.00 to $99.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp cut their target price on Eastman Chemical from $106.00 to $103.00 in a research note on Tuesday, July 11th. Finally, Bank of America dropped their price objective on Eastman Chemical from $109.00 to $102.00 in a research note on Thursday, June 22nd. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.87. Read more …

Canadian National Railway (NYSE:CNI) (TSE:CNR) was downgraded by research analysts at Argus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on the company. StockNews.com lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Scotiabank increased their target price on Canadian National Railway from C$169.00 to C$172.00 in a research note on Thursday, May 4th. Barclays cut their target price on Canadian National Railway from $122.00 to $119.00 in a research note on Wednesday, July 26th. BMO Capital Markets lowered their price target on Canadian National Railway from C$177.00 to C$175.00 in a report on Wednesday, July 26th. Finally, CIBC lowered their price target on Canadian National Railway from C$177.00 to C$175.00 in a report on Wednesday, July 26th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $145.71. Read more …

Thomson Reuters (TSE:TRI) (NYSE:TRI) was downgraded by National Bank Financial from an "outperfrom under weight" rating to a "sector perform under weight" rating in a report released on Thursday.

A number of other equities research analysts also recently issued reports on TRI. Citigroup boosted their target price on shares of Thomson Reuters from C$145.00 to C$150.00 and gave the company an "outperform" rating in a report on Thursday. Royal Bank of Canada cut Thomson Reuters from an "outperform" rating to a "sector perform" rating and lifted their target price for the company from C$135.00 to C$139.00 in a report on Thursday. BMO Capital Markets raised their price objective on Thomson Reuters from C$182.00 to C$184.00 in a report on Wednesday, May 3rd. National Bankshares cut Thomson Reuters from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from C$184.00 to C$194.00 in a report on Thursday. Finally, TD Securities raised their price target on shares of Thomson Reuters from C$185.00 to C$190.00 and gave the company a "hold" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Thomson Reuters has an average rating of "Hold" and an average target price of C$175.86. Read more …

QUALCOMM (NASDAQ:QCOM) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $121.00 target price on the wireless technology company’s stock, down from their previous target price of $130.00. Deutsche Bank Aktiengesellschaft’s price target suggests a potential downside of 6.40% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. HSBC cut their target price on QUALCOMM from $165.00 to $150.00 in a research note on Thursday, May 4th. Robert W. Baird lowered their target price on QUALCOMM from $150.00 to $130.00 in a report on Thursday, May 4th. Barclays lowered their target price on QUALCOMM from $150.00 to $140.00 in a report on Thursday, May 4th. Evercore ISI decreased their price objective on QUALCOMM from $130.00 to $120.00 in a research note on Thursday, May 4th. Finally, Bank of America increased their target price on QUALCOMM from $130.00 to $145.00 in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average price target of $145.09. Read more …

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) was downgraded by National Bankshares from an “outperform” rating to a “sector perform” rating in a report released on Friday, BayStreet.CA reports. They currently have a C$90.00 price objective on the stock, down from their prior price objective of C$93.00. National Bankshares’ price objective suggests a potential upside of 10.42% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. National Bank Financial lowered their price target on shares of Canadian Natural Resources from C$105.00 to C$93.00 in a research report on Thursday, June 29th. Stifel Nicolaus decreased their target price on shares of Canadian Natural Resources from C$97.00 to C$95.00 in a report on Friday, May 5th. Desjardins decreased their target price on shares of Canadian Natural Resources from C$97.00 to C$95.00 and set a “buy” rating for the company in a report on Tuesday, July 25th. CSFB decreased their target price on shares of Canadian Natural Resources from C$93.00 to C$90.00 in a report on Thursday, April 6th. Finally, ATB Capital decreased their target price on shares of Canadian Natural Resources from C$94.00 to C$90.00 in a report on Monday, April 17th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$89.44. Read more …

Apple (NASDAQ:AAPL) was downgraded by equities researchers at Rosenblatt Securities from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, Marketbeat.com reports. They presently have a $198.00 price objective on the iPhone maker’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 8.80% from the stock’s previous close.

Several other research analysts also recently commented on the company. Credit Suisse Group raised their price objective on Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Barclays lifted their target price on Apple from $149.00 to $167.00 and gave the company an “equal weight” rating in a research note on Friday. Monness Crespi & Hardt lifted their target price on Apple from $174.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, May 5th. StockNews.com initiated coverage on Apple in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Apple from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Ten investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $198.86. Read more …

Archive of Upgrades and Downgrades