Notable Analyst Upgrades and Downgrades for Week of October 9 2023

 


 

Upgrades:



Bank of America upgraded shares of The PNC Financial Services Group (NYSE:PNC) from an underperform rating to a neutral rating in a research report released on Tuesday morning, FlyOnTheWall reports.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reissued an outperform rating and set a $140.00 price objective on shares of The PNC Financial Services Group in a research note on Friday, September 29th. 888 reaffirmed a reiterates rating on shares of The PNC Financial Services Group in a research report on Monday, June 26th. StockNews.com started coverage on The PNC Financial Services Group in a research report on Thursday, October 5th. They set a sell rating on the stock. Odeon Capital Group cut The PNC Financial Services Group from a buy rating to a hold rating in a research report on Friday, July 21st. Finally, HSBC began coverage on The PNC Financial Services Group in a research note on Thursday, September 7th. They set a reduce rating and a $110.00 price objective for the company. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group currently has an average rating of Hold and a consensus target price of $153.67. Read more …



CSX (NASDAQ:CSX) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Wednesday, FlyOnTheWall reports.

Several other brokerages have also weighed in on CSX. Susquehanna dropped their price objective on shares of CSX from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 3rd. Morgan Stanley reissued an "equal weight" rating and issued a $25.00 price objective on shares of CSX in a research report on Friday, July 21st. StockNews.com assumed coverage on shares of CSX in a research report on Thursday, October 5th. They issued a "hold" rating on the stock. Benchmark restated a "buy" rating and issued a $37.00 price target on shares of CSX in a research note on Friday, July 21st. Finally, Citigroup decreased their price target on shares of CSX from $39.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, July 21st. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, CSX currently has an average rating of "Moderate Buy" and a consensus target price of $35.81.

NASDAQ CSX opened at $31.54 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.21 and a debt-to-equity ratio of 1.46. The firm's fifty day moving average price is $30.81 and its two-hundred day moving average price is $31.54. CSX has a 1 year low of $25.80 and a 1 year high of $34.38. The firm has a market capitalization of $63.28 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. Read more …



PPG Industries (NYSE:PPG - Get Free Report) was upgraded by Barclays from an "equal weight" rating to an "overweight" rating in a report issued on Wednesday, Briefing.com reports. The brokerage presently has a $160.00 price objective on the specialty chemicals company's stock. Barclays's price target points to a potential upside of 22.80% from the company's current price.

A number of other research analysts also recently commented on PPG. Royal Bank of Canada increased their price objective on PPG Industries from $145.00 to $158.00 and gave the company a "sector perform" rating in a report on Monday, July 24th. KeyCorp raised their price target on PPG Industries from $171.00 to $172.00 and gave the stock an "overweight" rating in a research note on Monday, July 24th. Bank of America raised their price target on PPG Industries from $163.00 to $170.00 in a research note on Monday, July 24th. Mizuho raised their price target on PPG Industries from $152.00 to $166.00 in a research note on Thursday, July 20th. Finally, Credit Suisse Group raised their price target on PPG Industries from $133.00 to $140.00 and gave the stock an "underperform" rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $155.29. Read more …




Amgen (NASDAQ:AMGN) was upgraded by research analysts at SVB Leerink from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a $318.00 target price on the medical research company’s stock, up from their previous target price of $267.00. SVB Leerink’s target price points to a potential upside of 11.56% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Mizuho lifted their target price on shares of Amgen from $214.00 to $223.00 and gave the company a “neutral” rating in a report on Monday, August 14th. Jefferies Financial Group boosted their price target on shares of Amgen from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Argus boosted their price target on shares of Amgen from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Oppenheimer boosted their price target on shares of Amgen from $280.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday. Finally, StockNews.com started coverage on shares of Amgen in a report on Thursday, October 5th. They issued a “strong-buy” rating for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.88. Read more …



Clorox (NYSE:CLX) was upgraded by stock analysts at Sanford C. Bernstein from an "underperform" rating to a "market perform" rating in a note issued to investors on Thursday, FlyOnTheWall reports.

Other research analysts have also recently issued reports about the stock. Bank of America lowered their target price on shares of Clorox from $145.00 to $120.00 and set an "underperform" rating on the stock in a report on Thursday, October 5th. Evercore ISI lowered their target price on shares of Clorox from $160.00 to $120.00 and set an "underperform" rating on the stock in a report on Thursday, October 5th. StockNews.com started coverage on shares of Clorox in a report on Thursday, October 5th. They set a "hold" rating on the stock. Wells Fargo & Company decreased their price objective on shares of Clorox from $140.00 to $135.00 in a research note on Thursday, October 5th. Finally, HSBC started coverage on shares of Clorox in a research note on Friday, September 22nd. They issued a "hold" rating and a $146.00 price objective on the stock. Seven analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Clorox presently has an average rating of "Hold" and an average price target of $141.33. Read more …



Truist Financial upgraded shares of Exxon Mobil (NYSE:XOM) from a hold rating to a buy rating in a research note issued to investors on Thursday, Marketbeat reports. Truist Financial currently has $131.00 price target on the oil and gas company’s stock, up from their previous price target of $110.00.

Several other analysts have also recently weighed in on XOM. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an overweight rating in a research note on Monday, October 2nd. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock an overweight rating in a research note on Friday, September 22nd. StockNews.com assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 5th. They issued a hold rating for the company. Mizuho restated a buy rating and issued a $139.00 target price on shares of Exxon Mobil in a research report on Monday, September 25th. Finally, Bank of America boosted their target price on shares of Exxon Mobil from $145.00 to $150.00 in a research report on Wednesday, September 27th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of Moderate Buy and an average target price of $125.61. Read more ...




Target (NYSE:TGT) was upgraded by equities researchers at Bank of America from a "neutral" rating to a "buy" rating in a report issued on Thursday, FlyOnTheWall reports.

Several other research firms have also issued reports on TGT. TheStreet lowered shares of Target from a "b-" rating to a "c+" rating in a research report on Friday, June 16th. Daiwa Capital Markets lowered shares of Target from an "outperform" rating to a "neutral" rating and set a $134.00 price objective for the company. in a report on Tuesday, August 22nd. HSBC began coverage on shares of Target in a report on Friday, September 22nd. They set a "hold" rating and a $140.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Target from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, August 17th. Finally, Barclays dropped their price objective on shares of Target from $163.00 to $142.00 and set an "equal weight" rating for the company in a report on Friday, August 11th. Eighteen equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $156.50. Read more …



Dollar General (NYSE:DG) was upgraded by research analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a $140.00 target price on the stock. Gordon Haskett’s target price would suggest a potential upside of 25.94% from the company’s current price.

DG has been the subject of a number of other reports. HSBC assumed coverage on shares of Dollar General in a research note on Friday, September 22nd. They set a “reduce” rating and a $102.00 target price for the company. Raymond James lowered Dollar General from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $200.00 to $160.00 in a research note on Friday, September 1st. Edward Jones upgraded Dollar General from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. StockNews.com assumed coverage on Dollar General in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $145.00 price objective on shares of Dollar General in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $144.84. Read more …



Downgrades:



JPMorgan Chase & Co. cut shares of Corning (NYSE:GLW) from an overweight rating to a neutral rating in a research report sent to investors on Monday, FlyOnTheWall reports.

A number of other research firms have also recently weighed in on GLW. Deutsche Bank Aktiengesellschaft cut their price target on Corning from $38.00 to $37.00 in a research note on Tuesday, October 3rd. Citigroup raised Corning from a neutral rating to a buy rating and upped their target price for the company from $36.00 to $40.00 in a research report on Thursday, June 15th. Oppenheimer reiterated an outperform rating and issued a $42.00 price objective on shares of Corning in a research note on Monday, July 31st. StockNews.com began coverage on shares of Corning in a research report on Thursday, October 5th. They set a hold rating on the stock. Finally, UBS Group downgraded shares of Corning from a buy rating to a neutral rating and upped their price target for the company from $38.00 to $39.00 in a research report on Friday, July 14th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Corning presently has a consensus rating of Moderate Buy and a consensus price target of $39.00. Read more …




UBS Group downgraded shares of NextEra Energy Partners (NYSE:NEP) from a buy rating to a neutral rating in a report issued on Tuesday, MarketBeat.com reports. They currently have $20.00 price target on the solar energy provider’s stock, down from their prior price target of $74.00.

A number of other research firms have also weighed in on NEP. CIBC reduced their target price on NextEra Energy Partners from $62.00 to $32.00 in a research note on Tuesday, October 3rd. Mizuho cut their target price on NextEra Energy Partners from $86.00 to $40.00 and set a buy rating on the stock in a research note on Thursday, September 28th. Scotiabank cut their target price on NextEra Energy Partners from $85.00 to $58.00 and set a sector perform rating on the stock in a research note on Thursday, September 28th. BMO Capital Markets cut their target price on NextEra Energy Partners from $76.00 to $47.00 and set an outperform rating on the stock in a research note on Thursday, September 28th. Finally, JPMorgan Chase & Co. lowered their price target on NextEra Energy Partners from $40.00 to $24.00 in a report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy Partners has an average rating of Hold and a consensus price target of $50.20. Read more ...



Realty Income (NYSE:O) was downgraded by equities researchers at Bank of America from a "buy" rating to a "neutral" rating in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $52.00 price objective on the real estate investment trust's stock, down from their prior price objective of $67.00. Bank of America's price target points to a potential upside of 2.87% from the company's current price.

O has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $71.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, August 30th. TheStreet downgraded shares of Realty Income from a "b-" rating to a "c+" rating in a report on Wednesday, August 23rd. Robert W. Baird restated a "neutral" rating and issued a $69.00 target price on shares of Realty Income in a report on Monday, August 28th. Citigroup decreased their price objective on shares of Realty Income from $65.00 to $61.50 and set a "neutral" rating for the company in a research note on Tuesday, August 29th. Finally, Royal Bank of Canada dropped their price objective on shares of Realty Income from $68.00 to $67.00 and set an "outperform" rating for the company in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $65.89. Read more …



Morgan Stanley (NYSE:MS) was downgraded by analysts at UBS Group from a "buy" rating to a "neutral" rating in a research note issued on Tuesday, FlyOnTheWall reports.

MS has been the subject of a number of other research reports. Evercore ISI lowered their price target on shares of Morgan Stanley from $104.00 to $102.00 in a report on Thursday, October 5th. Odeon Capital Group raised shares of Morgan Stanley from a "hold" rating to a "buy" rating and set a $94.00 price target for the company in a report on Wednesday, July 12th. BMO Capital Markets raised their price target on shares of Morgan Stanley from $100.00 to $103.00 in a report on Wednesday, July 19th. Oppenheimer lowered their target price on shares of Morgan Stanley from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, September 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Morgan Stanley from $93.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $96.65. Read more …




UBS Group lowered shares of RTX (NYSE:RTX) from a buy rating to a neutral rating in a research note released on Tuesday, FlyOnTheWall reports.

Several other analysts have also issued reports on the stock. Susquehanna decreased their price target on shares of RTX from $117.00 to $110.00 in a research report on Wednesday, July 26th. StockNews.com initiated coverage on shares of RTX in a research note on Thursday, October 5th. They issued a buy rating on the stock. Citigroup lowered their target price on shares of RTX from $113.50 to $95.00 and set a neutral rating on the stock in a research note on Thursday, July 27th. Alembic Global Advisors initiated coverage on shares of RTX in a research note on Friday, September 29th. They set a neutral rating and a $81.00 price objective on the stock. Finally, DZ Bank cut shares of RTX from a buy rating to a hold rating and set a $79.00 price objective on the stock. in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $91.33. Read more …



Texas Instruments (NASDAQ:TXN) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, MarketBeat Ratings reports.

A number of other brokerages also recently issued reports on TXN. Wolfe Research assumed coverage on Texas Instruments in a research report on Wednesday, July 19th. They set a “peer perform” rating on the stock. UBS Group decreased their target price on Texas Instruments from $190.00 to $185.00 in a research report on Wednesday, July 26th. Citigroup raised their target price on Texas Instruments from $173.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, July 18th. Susquehanna restated a “positive” rating and issued a $215.00 target price on shares of Texas Instruments in a research report on Monday, September 18th. Finally, Mizuho decreased their target price on Texas Instruments from $185.00 to $181.00 in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $183.35. Read more …



Cboe Global Markets (BATS:CBOE) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $168.00 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 4.61% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other brokerages also recently weighed in on CBOE. Piper Sandler increased their price target on Cboe Global Markets from $160.00 to $174.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. Barclays raised their price objective on Cboe Global Markets from $155.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday. Argus raised their price objective on Cboe Global Markets from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. UBS Group raised their price objective on Cboe Global Markets from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Finally, Oppenheimer increased their target price on Cboe Global Markets from $161.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. One 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, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $160.00. Read more …




Welltower (NYSE:WELL) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Thursday, FlyOnTheWall reports.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada lifted their price objective on shares of Welltower from $87.00 to $92.00 and gave the stock an "outperform" rating in a report on Tuesday, August 15th. Barclays boosted their price target on shares of Welltower from $82.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, August 2nd. Wells Fargo & Company boosted their price target on shares of Welltower from $89.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, August 7th. StockNews.com began coverage on shares of Welltower in a report on Thursday, October 5th. They issued a "hold" rating on the stock. Finally, Mizuho boosted their price target on shares of Welltower from $86.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, September 14th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $87.36. Read more …



ResMed (NYSE:RMD) was downgraded by Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday, Marketbeat reports. They presently have a $202.00 price target on the medical equipment provider’s stock, down from their prior price target of $273.00. Royal Bank of Canada’s price objective would suggest a potential upside of 44.03% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Bank of America dropped their price target on shares of ResMed from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, September 18th. TheStreet cut shares of ResMed from a “b-” rating to a “c+” rating in a research note on Thursday, August 24th. Mizuho dropped their price target on shares of ResMed from $255.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, September 13th. Jefferies Financial Group decreased their price objective on shares of ResMed from $240.00 to $165.00 in a research report on Thursday, October 5th. Finally, JPMorgan Chase & Co. upgraded shares of ResMed from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $210.00 to $170.00 in a research report on Monday, October 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.86. Read more …



Tractor Supply (NASDAQ:TSCO) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Friday, MarketBeat.com reports. They presently have a $210.00 price objective on the specialty retailer’s stock, down from their prior price objective of $280.00. Oppenheimer’s price target indicates a potential upside of 4.61% from the company’s previous close.

A number of other brokerages have also recently commented on TSCO. Wedbush reduced their target price on Tractor Supply from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Friday, July 28th. Truist Financial reduced their price objective on Tractor Supply from $257.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Barclays cut Tractor Supply from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $254.00 to $224.00 in a research note on Monday, July 31st. Citigroup cut Tractor Supply from a “buy” rating to a “neutral” rating and cut their price target for the company from $250.00 to $207.00 in a research note on Thursday, October 5th. Finally, DA Davidson upgraded Tractor Supply from a “neutral” rating to a “buy” rating and raised their price target for the company from $250.00 to $280.00 in a research note on Thursday, September 28th. Eleven equities research 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $240.81. Read more …




Eversource Energy (NYSE:ES) was downgraded by equities research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a report released on Friday, Marketbeat Ratings reports. They currently have a $60.00 price target on the utilities provider’s stock. Guggenheim’s target price indicates a potential upside of 9.03% from the stock’s current price.

A number of other equities research analysts also recently issued reports on ES. Citigroup decreased their price objective on Eversource Energy from $86.00 to $80.00 in a research report on Sunday, July 16th. Scotiabank raised shares of Eversource Energy from a “sector perform” rating to a “sector outperform” rating and set a $91.00 price objective for the company in a research note on Thursday, June 15th. StockNews.com started coverage on shares of Eversource Energy in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Morgan Stanley lifted their price target on shares of Eversource Energy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 21st. Finally, UBS Group reduced their price objective on shares of Eversource Energy from $67.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Eversource Energy presently has a consensus rating of “Hold” and a consensus target price of $77.17. Read more …



Archive of Upgrades and Downgrades


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