Notable Analyst Upgrades and Downgrades for Week of September 25 2023

 


 

Upgrades:



Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was upgraded by analysts at Raymond James from an "outperform" rating to a "strong-buy" rating in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $45.00 price objective on the utilities provider's stock. Raymond James' target price would suggest a potential upside of 46.53% from the stock's current price.

Several other analysts have also issued reports on BIP. StockNews.com began coverage on shares of Brookfield Infrastructure Partners in a research report on Thursday, August 17th. They set a "hold" rating for the company. TD Securities boosted their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, August 4th. Wells Fargo & Company reduced their price objective on Brookfield Infrastructure Partners from $37.00 to $35.00 and set an "overweight" rating for the company in a research note on Friday. Credit Suisse Group reiterated an "outperform" rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Wednesday, August 30th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $45.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Brookfield Infrastructure Partners currently has an average rating of "Moderate Buy" and a consensus price target of $42.86. Read more …



Raymond James upgraded shares of Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) from an outperform rating to a strong-buy rating in a report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has $37.00 price objective on the utilities provider’s stock.

A number of other equities research analysts also recently issued reports on BEP. Mizuho lowered their price target on shares of Brookfield Renewable Partners from $32.00 to $27.00 in a report on Wednesday, August 9th. StockNews.com initiated coverage on shares of Brookfield Renewable Partners in a report on Thursday, August 17th. They issued a hold rating on the stock. Scotiabank initiated coverage on shares of Brookfield Renewable Partners in a report on Friday, June 23rd. They issued an outperform rating on the stock. 888 reissued a maintains rating on shares of Brookfield Renewable Partners in a report on Tuesday, June 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Brookfield Renewable Partners from $35.00 to $32.00 and set an overweight rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $34.67. Read more …



Guggenheim upgraded shares of Microsoft (NASDAQ:MSFT) from a sell rating to a neutral rating in a research note published on Monday morning, MarketBeat Ratings reports.

MSFT has been the subject of several other research reports. Piper Sandler restated an overweight rating and set a $400.00 target price on shares of Microsoft in a research note on Wednesday, July 26th. Morgan Stanley raised their price objective on Microsoft from $335.00 to $415.00 in a research report on Thursday, July 6th. Royal Bank of Canada restated an outperform rating and set a $390.00 target price on shares of Microsoft in a research report on Friday. DA Davidson raised their target price on Microsoft from $350.00 to $415.00 in a research report on Friday, July 21st. Finally, Oppenheimer restated an outperform rating and set a $410.00 target price on shares of Microsoft in a research report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $375.03. Read more …




Essential Utilities (NYSE:WTRG) was upgraded by equities research analysts at Northcoast Research from a "neutral" rating to a "buy" rating in a report released on Thursday, MarketBeat.com reports. The brokerage presently has a $42.00 target price on the stock. Northcoast Research's price target would suggest a potential upside of 22.34% from the stock's previous close.

A number of other research firms also recently commented on WTRG. StockNews.com downgraded Essential Utilities from a "hold" rating to a "sell" rating in a research report on Friday, September 22nd. TheStreet lowered shares of Essential Utilities from a "b-" rating to a "c+" rating in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.40.

Shares of NYSE WTRG opened at $34.33 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.39 and a current ratio of 0.53. Essential Utilities has a one year low of $34.32 and a one year high of $49.89. The firm has a market cap of $9.08 billion, a PE ratio of 19.51, a PEG ratio of 3.38 and a beta of 0.78. The firm has a fifty day moving average of $38.50 and a 200 day moving average of $40.66. Read more …



Restaurant Brands International (NYSE:QSR) (TSE:QSR) was upgraded by Loop Capital from a "hold" rating to a "buy" rating in a research note issued on Friday, Briefing.com reports. The firm currently has a $81.00 target price on the restaurant operator's stock, up from their previous target price of $77.00. Loop Capital's price target indicates a potential upside of 21.38% from the stock's previous close.

A number of other equities research analysts also recently weighed in on QSR. Scotiabank upped their price target on Restaurant Brands International from $81.00 to $82.00 and gave the company a "sector outperform" rating in a research report on Wednesday, August 9th. Bank of America increased their target price on shares of Restaurant Brands International from $73.00 to $79.00 and gave the stock an "underperform" rating in a report on Wednesday, August 9th. TD Cowen reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Restaurant Brands International in a research report on Wednesday, September 20th. StockNews.com cut shares of Restaurant Brands International from a "buy" rating to a "hold" rating in a report on Wednesday, September 6th. Finally, Northcoast Research raised Restaurant Brands International from a "neutral" rating to a "buy" rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $79.26. Read more ...



Downgrades:



Jefferies Financial Group downgraded shares of NIKE (NYSE:NKE) from a buy rating to a hold rating in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have $100.00 target price on the footwear maker’s stock, down from their previous target price of $140.00.

NKE has been the topic of a number of other research reports. Williams Trading lowered their price target on shares of NIKE from $95.00 to $91.00 and set a sell rating on the stock in a report on Thursday, September 7th. Erste Group Bank reaffirmed a hold rating on shares of NIKE in a report on Friday, September 8th. KeyCorp assumed coverage on shares of NIKE in a report on Tuesday, July 25th. They issued a sector weight rating on the stock. Wedbush boosted their target price on shares of NIKE from $129.00 to $131.00 and gave the company an outperform rating in a report on Friday, June 30th. Finally, Telsey Advisory Group lowered their target price on shares of NIKE from $135.00 to $128.00 and set an outperform rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $125.07. Read more …




BMO Capital Markets downgraded shares of W. P. Carey (NYSE:WPC) from an outperform rating to a market perform rating in a research report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has $60.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $75.00.

Other research analysts have also recently issued research reports about the stock. BNP Paribas started coverage on shares of W. P. Carey in a report on Wednesday, June 14th. They issued an underperform rating and a $74.00 price objective for the company. Citigroup decreased their price target on shares of W. P. Carey from $75.00 to $69.00 and set a neutral rating for the company in a research note on Wednesday, August 30th. StockNews.com initiated coverage on shares of W. P. Carey in a research note on Thursday, August 17th. They issued a hold rating for the company. JMP Securities reduced their price objective on shares of W. P. Carey from $86.00 to $80.00 in a research report on Friday, June 23rd. Finally, Bank of America downgraded shares of W. P. Carey from a neutral rating to an underperform rating and reduced their price objective for the stock from $78.00 to $67.00 in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $69.67. Read more …



Jefferies Financial Group cut shares of Carlisle Companies (NYSE:CSL) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat.com reports. The brokerage currently has $290.00 price target on the conglomerate’s stock, down from their previous price target of $325.00.

CSL has been the subject of a number of other research reports. Robert W. Baird upped their price objective on shares of Carlisle Companies from $310.00 to $320.00 in a research note on Thursday, July 27th. StockNews.com initiated coverage on shares of Carlisle Companies in a research report on Thursday, August 17th. They set a hold rating for the company. Zelman & Associates downgraded shares of Carlisle Companies from a hold rating to a sell rating in a research report on Friday, August 18th. Finally, Oppenheimer reissued an outperform rating and set a $325.00 target price on shares of Carlisle Companies in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $307.14. Read more …



Tractor Supply (NASDAQ:TSCO) was downgraded by equities research analysts at Gordon Haskett from a "buy" rating to an "accumulate" rating in a research report issued on Wednesday, MarketBeat.com reports. They currently have a $215.00 target price on the specialty retailer's stock. Gordon Haskett's price objective would indicate a potential upside of 5.90% from the company's current price.

TSCO has been the topic of several other reports. Benchmark reaffirmed a "buy" rating and set a $256.00 price target on shares of Tractor Supply in a research note on Monday, July 24th. Raymond James lowered their target price on shares of Tractor Supply from $270.00 to $255.00 in a research note on Monday, July 17th. Robert W. Baird dropped their target price on Tractor Supply from $265.00 to $260.00 in a research note on Tuesday, July 18th. Wedbush cut their price objective on shares of Tractor Supply from $240.00 to $230.00 and set a "neutral" rating on the stock in a report on Friday, July 28th. Finally, Bank of America lowered shares of Tractor Supply from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $270.00 to $226.00 in a research report on Tuesday, July 25th. Ten equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.17. Read more …




NextEra Energy Partners (NYSE:NEP) was downgraded by JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a $40.00 price target on the solar energy provider's stock, down from their prior price target of $69.00. JPMorgan Chase & Co.'s price objective suggests a potential upside of 27.31% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley lowered their target price on shares of NextEra Energy Partners from $81.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 20th. Oppenheimer downgraded shares of NextEra Energy Partners from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Bank of America raised shares of NextEra Energy Partners from an "underperform" rating to a "neutral" rating and raised their target price for the company from $53.00 to $60.00 in a research note on Thursday, June 1st. Finally, Raymond James raised shares of NextEra Energy Partners from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy Partners has a consensus rating of "Moderate Buy" and a consensus price target of $63.69. Read more …



ResMed (NYSE:RMD) was downgraded by equities researchers at Wolfe Research from an "outperform" rating to a "peer perform" rating in a report issued on Friday, Marketbeat Ratings reports.

A number of other research firms have also recently commented on RMD. UBS Group cut shares of ResMed from a "buy" rating to a "neutral" rating in a report on Tuesday, September 5th. Bank of America dropped their price target on ResMed from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, September 18th. Mizuho decreased their price objective on ResMed from $255.00 to $180.00 and set a "buy" rating for the company in a report on Wednesday, September 13th. Needham & Company LLC raised shares of ResMed from a "hold" rating to a "buy" rating in a report on Wednesday, September 6th. Finally, Royal Bank of Canada reduced their target price on shares of ResMed from $284.00 to $273.00 and set an "outperform" rating for the company in a research note on Monday, August 14th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, ResMed presently has an average rating of "Moderate Buy" and an average target price of $248.29. Read more …



M&T Bank (NYSE:MTB) was downgraded by investment analysts at Odeon Capital Group from a "buy" rating to a "hold" rating in a research report issued on Friday, FlyOnTheWall reports.

Several other analysts also recently issued reports on the company. SpectralCast restated a "maintains" rating on shares of M&T Bank in a research note on Wednesday, June 14th. Royal Bank of Canada reduced their target price on shares of M&T Bank from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, September 11th. Morgan Stanley raised their price target on shares of M&T Bank from $155.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of M&T Bank from $133.00 to $147.00 in a report on Thursday, June 29th. Finally, Citigroup decreased their target price on shares of M&T Bank from $150.00 to $145.00 in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $157.41. Read more …



Archive of Upgrades and Downgrades


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