Notable Analyst Upgrades and Downgrades for Week of October 23 2023 (Part 1)

 


 

Upgrades:



UBS Group upgraded shares of Waste Management (NYSE:WM) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat Ratings reports. They currently have $190.00 target price on the business services provider’s stock, up from their prior target price of $170.00.

A number of other equities analysts have also issued reports on the company. Oppenheimer upped their target price on Waste Management from $181.00 to $182.00 and gave the company an outperform rating in a research report on Monday, October 16th. StockNews.com initiated coverage on Waste Management in a research report on Thursday, October 5th. They issued a buy rating on the stock. BMO Capital Markets cut their target price on Waste Management from $167.00 to $166.00 in a research report on Thursday, July 27th. Citigroup cut their target price on Waste Management from $204.00 to $202.00 in a research report on Thursday, July 27th. Finally, Scotiabank cut their target price on Waste Management from $177.50 to $165.00 in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Waste Management presently has an average rating of Moderate Buy and an average price target of $182.00. Read more …



UBS Group upgraded shares of Republic Services (NYSE:RSG) from a neutral rating to a buy rating in a research report report published on Monday, Marketbeat reports. The firm currently has $175.00 target price on the business services provider’s stock, up from their previous target price of $155.00.

Several other brokerages also recently weighed in on RSG. Morgan Stanley raised their price target on Republic Services from $158.00 to $170.00 and gave the stock an overweight rating in a report on Tuesday, August 1st. Wolfe Research started coverage on Republic Services in a research report on Tuesday, October 17th. They set a peer perform rating for the company. Citigroup boosted their price objective on Republic Services from $177.00 to $178.00 and gave the company a buy rating in a research report on Wednesday, August 2nd. Truist Financial boosted their price objective on Republic Services from $146.00 to $155.00 and gave the company a hold rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets boosted their price objective on Republic Services from $158.00 to $160.00 and gave the company a market perform rating in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $160.75. Read more …



JPMorgan Chase & Co. upgraded shares of Walgreens Boots Alliance (NASDAQ:WBA) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning, Marketbeat reports. JPMorgan Chase & Co. currently has $30.00 target price on the pharmacy operator’s stock, up from their prior target price of $27.00.

Several other research analysts also recently commented on WBA. Evercore ISI reduced their price target on shares of Walgreens Boots Alliance from $26.00 to $21.00 in a research note on Wednesday, October 11th. Royal Bank of Canada dropped their target price on shares of Walgreens Boots Alliance from $29.00 to $26.00 and set a sector perform rating on the stock in a report on Friday, October 13th. Credit Suisse Group dropped their target price on shares of Walgreens Boots Alliance from $33.00 to $30.00 and set a neutral rating on the stock in a report on Thursday, August 24th. Morgan Stanley dropped their target price on shares of Walgreens Boots Alliance from $37.00 to $27.00 and set an underweight rating on the stock in a report on Monday, July 3rd. Finally, UBS Group lowered their price target on shares of Walgreens Boots Alliance from $37.00 to $35.00 in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $33.15. Read more …




Evercore ISI upgraded shares of Edison International (NYSE:EIX) from an in-line rating to an outperform rating in a report issued on Monday morning, MarketBeat.com reports. Evercore ISI currently has $68.00 target price on the utilities provider’s stock, down from their previous target price of $74.00.

Several other brokerages have also weighed in on EIX. LADENBURG THALM/SH SH upgraded Edison International from a sell rating to a neutral rating in a research report on Tuesday, August 15th. StockNews.com initiated coverage on Edison International in a research report on Thursday, October 5th. They issued a hold rating for the company. JPMorgan Chase & Co. lowered their price objective on Edison International from $79.00 to $75.00 and set a neutral rating for the company in a research report on Tuesday, October 17th. Mizuho upgraded Edison International from a neutral rating to a buy rating and raised their price target for the stock from $73.00 to $75.00 in a research report on Tuesday, August 22nd. Finally, Royal Bank of Canada restated an outperform rating and set a $81.00 price target on shares of Edison International in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Edison International presently has a consensus rating of Hold and a consensus price target of $71.50. Read more …



Raymond James upgraded shares of Church & Dwight (NYSE:CHD) from an underperform rating to a market perform rating in a research report released on Monday, Marketbeat Ratings reports.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price objective on Church & Dwight from $91.00 to $93.00 and gave the company an underweight rating in a report on Thursday, October 12th. Stifel Nicolaus lifted their price objective on shares of Church & Dwight from $95.00 to $97.00 and gave the company a hold rating in a research note on Monday, July 31st. Citigroup cut their price objective on shares of Church & Dwight from $105.00 to $94.00 and set a neutral rating on the stock in a research note on Wednesday, October 11th. HSBC began coverage on shares of Church & Dwight in a research report on Friday, September 22nd. They set a hold rating and a $102.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Church & Dwight from $107.00 to $110.00 and gave the company a buy rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $95.44. Read more …



Piper Sandler upgraded shares of American Express (NYSE:AXP) from an underweight rating to a neutral rating in a research report released on Tuesday morning, Marketbeat Ratings reports. Piper Sandler currently has $151.00 price objective on the payment services company’s stock, up from their prior price objective of $150.00.

A number of other analysts have also issued reports on the company. 3M restated a reiterates rating on shares of American Express in a report on Friday, June 30th. Piper Sandler Companies upgraded American Express to a neutral rating and set a $151.00 target price for the company in a report on Tuesday. StockNews.com upgraded American Express from a hold rating to a buy rating in a report on Monday. 58.com reiterated a reiterates rating on shares of American Express in a report on Friday, June 30th. Finally, Oppenheimer cut their price objective on American Express from $190.00 to $175.00 and set an outperform rating for the company in a report on Wednesday, October 11th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $171.05. Read more …




Verizon Communications (NYSE:VZ) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a $38.00 target price on the cell phone carrier’s stock, up from their prior target price of $37.00. Barclays‘s target price would indicate a potential upside of 10.24% from the company’s current price.

Several other equities research analysts have also commented on the stock. Citigroup upgraded shares of Verizon Communications from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $39.00 to $40.00 in a research note on Tuesday, August 29th. Morgan Stanley restated an “overweight” rating and issued a $44.00 price objective on shares of Verizon Communications in a research note on Thursday, August 3rd. Edward Jones lowered shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. StockNews.com lowered shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $43.00 price objective on shares of Verizon Communications in a research note on Tuesday, August 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.08. Read more …



TC Energy (NYSE:TRP) (TSE:TRP) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, Marketbeat reports.

Several other research firms have also recently commented on TRP. BMO Capital Markets cut shares of TC Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, July 28th. CIBC cut shares of TC Energy from a “sector outperform” rating to a “neutral” rating in a research note on Monday, July 24th. StockNews.com began coverage on shares of TC Energy in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. The Goldman Sachs Group began coverage on shares of TC Energy in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Finally, TheStreet cut shares of TC Energy from a “b-” rating to a “c” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.17. Read more …



Downgrades:



Citigroup lowered shares of Diamondback Energy (NASDAQ:FANG) from a buy rating to a neutral rating in a research report report published on Monday morning, MarketBeat.com reports. Citigroup currently has $170.00 price objective on the oil and natural gas company’s stock, up from their prior price objective of $160.00.

Several other equities analysts have also issued reports on the company. UBS Group lifted their target price on Diamondback Energy from $191.00 to $198.00 and gave the company a buy rating in a research note on Wednesday, October 4th. Stifel Nicolaus lifted their target price on Diamondback Energy from $178.00 to $179.00 and gave the company a buy rating in a research note on Friday, August 18th. Wells Fargo & Company lifted their target price on Diamondback Energy from $168.00 to $190.00 and gave the company an overweight rating in a research note on Friday. Susquehanna raised their price target on Diamondback Energy from $189.00 to $200.00 and gave the stock a positive rating in a report on Wednesday, October 18th. Finally, Morgan Stanley lowered their price target on Diamondback Energy from $171.00 to $169.00 and set an overweight rating for the company in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $182.91. Read more …




Citigroup lowered shares of EOG Resources (NYSE:EOG) from a buy rating to a neutral rating in a report released on Monday morning, MarketBeat.com reports. They currently have $135.00 price objective on the energy exploration company’s stock, down from their previous price objective of $144.00.

A number of other equities research analysts also recently weighed in on EOG. Morgan Stanley raised their price target on EOG Resources from $129.00 to $132.00 and gave the company an overweight rating in a research report on Monday, October 2nd. TD Securities raised their price target on EOG Resources from $125.00 to $135.00 and gave the company a hold rating in a research report on Friday, August 4th. Piper Sandler raised their price target on EOG Resources from $156.00 to $157.00 and gave the company an overweight rating in a research report on Monday, August 14th. JPMorgan Chase & Co. raised their price target on EOG Resources from $145.00 to $156.00 and gave the company an overweight rating in a research report on Wednesday, September 27th. Finally, Truist Financial raised their price target on EOG Resources from $150.00 to $160.00 and gave the company a buy rating in a research report on Monday, August 7th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources presently has an average rating of Moderate Buy and a consensus price target of $149.17. Read more …



Odeon Capital Group downgraded shares of Morgan Stanley (NYSE:MS) from a buy rating to a hold rating in a research note issued to investors on Monday morning, MarketBeat reports. They currently have $79.15 target price on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. UBS Group cut shares of Morgan Stanley from a buy rating to a neutral rating and lowered their price target for the stock from $110.00 to $84.00 in a report on Tuesday, October 10th. Evercore ISI cut their price target on Morgan Stanley from $102.00 to $97.00 and set an outperform rating for the company in a research note on Thursday, October 19th. Bank of America boosted their price objective on Morgan Stanley from $95.00 to $100.00 in a research note on Wednesday, July 19th. Royal Bank of Canada reiterated a sector perform rating and set a $90.00 target price on shares of Morgan Stanley in a research report on Monday, September 25th. Finally, StockNews.com began coverage on shares of Morgan Stanley in a research report on Thursday, October 5th. They issued a hold rating on the stock. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Morgan Stanley presently has a consensus rating of Moderate Buy and an average price target of $94.42. Read more …



Wells Fargo & Company downgraded shares of CubeSmart (NYSE:CUBE) from an overweight rating to an equal weight rating in a research report released on Tuesday, Marketbeat Ratings reports. The firm currently has $37.00 target price on the real estate investment trust’s stock, down from their prior target price of $46.00.

Other research analysts have also recently issued research reports about the company. Raymond James decreased their price target on CubeSmart from $53.00 to $50.00 and set an outperform rating for the company in a research note on Thursday, August 31st. Citigroup decreased their price target on CubeSmart from $47.00 to $45.00 and set a neutral rating for the company in a research note on Thursday, August 24th. Stifel Nicolaus reissued a buy rating and issued a $50.00 price target on shares of CubeSmart in a research note on Wednesday, September 13th. Truist Financial decreased their price target on CubeSmart from $47.00 to $45.00 and set a hold rating for the company in a research note on Tuesday, August 29th. Finally, StockNews.com started coverage on CubeSmart in a research note on Thursday, October 5th. They issued a hold rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $45.67. Read more …




Corning (NYSE:GLW) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Wednesday, MarketBeat Ratings reports. They currently have a $30.00 price objective on the electronics maker’s stock, down from their previous price objective of $37.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 11.42% from the stock’s current price.

A number of other analysts have also recently weighed in on GLW. StockNews.com started coverage on Corning in a research report on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet cut Corning from a “b-” rating to a “c+” rating in a research report on Thursday, October 12th. UBS Group cut Corning from a “buy” rating to a “neutral” rating and raised their target price for the company from $38.00 to $39.00 in a research report on Friday, July 14th. JPMorgan Chase & Co. cut Corning from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $43.00 to $36.00 in a research report on Monday, October 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $42.00 target price on shares of Corning in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus target price of $34.89. Read more …



Piper Sandler lowered shares of Albemarle (NYSE:ALB) from an overweight rating to a neutral rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have $155.00 price objective on the specialty chemicals company’s stock, down from their previous price objective of $255.00.

A number of other equities analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Albemarle from $260.00 to $250.00 and set a buy rating for the company in a report on Monday, August 7th. Credit Suisse Group increased their target price on Albemarle from $163.00 to $185.00 and gave the company an underperform rating in a research note on Thursday, August 3rd. Wells Fargo & Company reduced their target price on Albemarle from $260.00 to $210.00 and set an overweight rating for the company in a research note on Monday, October 9th. StockNews.com upgraded Albemarle from a sell rating to a hold rating in a research note on Saturday, October 21st. Finally, Citigroup reduced their target price on Albemarle from $265.00 to $215.00 and set a buy rating for the company in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Albemarle has a consensus rating of Hold and a consensus target price of $255.80. Read more …



Enbridge (NYSE:ENB) (TSE:ENB) was downgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a report issued on Wednesday, MarketBeat Ratings reports.

A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse Group dropped their price target on shares of Enbridge from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 13th. National Bank Financial began coverage on shares of Enbridge in a research note on Monday, September 11th. They issued a “sector perform” rating on the stock. Wolfe Research cut shares of Enbridge from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, October 17th. StockNews.com began coverage on shares of Enbridge in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Barclays dropped their price target on shares of Enbridge from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Enbridge presently has an average rating of “Hold” and a consensus price target of $56.17. Read more …



Wells Fargo & Company lowered shares of California Water Service Group (NYSE:CWT) from an equal weight rating to an underweight rating in a report issued on Wednesday morning, MarketBeat Ratings reports. They currently have $47.00 target price on the utilities provider’s stock, down from their previous target price of $56.00.

Several other research firms have also recently issued reports on CWT. 888 reissued an upgrade rating on shares of California Water Service Group in a report on Wednesday, June 28th. Janney Montgomery Scott upgraded shares of California Water Service Group from a neutral rating to a buy rating and set a $66.00 target price on the stock in a research report on Friday, July 28th. They noted that the move was a valuation call. Finally, StockNews.com upgraded shares of California Water Service Group to a sell rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $60.00. Read more …



Archive of Upgrades and Downgrades


Comments