Notable Analyst Upgrades and Downgrades for Week of October 30 2023

 

 

Upgrades:

Raymond James upgraded shares of L3Harris Technologies (NYSE:LHX) from a market perform rating to an outperform rating in a report issued on Monday morning, Marketbeat reports. Raymond James currently has $210.00 price objective on the stock.

A number of other research firms have also recently commented on LHX. Royal Bank of Canada reiterated an outperform rating and issued a $240.00 target price on shares of L3Harris Technologies in a research note on Friday, August 18th. Truist Financial dropped their price objective on shares of L3Harris Technologies from $255.00 to $227.00 and set a buy rating on the stock in a report on Friday, October 20th. The Goldman Sachs Group raised their target price on L3Harris Technologies from $162.00 to $164.00 in a research note on Friday, August 11th. Sanford C. Bernstein lowered L3Harris Technologies from an outperform rating to a market perform rating and cut their price objective for the company from $239.00 to $210.00 in a report on Monday, August 28th. Finally, Citigroup assumed coverage on L3Harris Technologies in a report on Monday, September 11th. They set a buy rating and a $193.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $223.13. Read more ...

JPMorgan Chase & Co. upgraded shares of Eastman Chemical (NYSE:EMN) from a neutral rating to an overweight rating in a research note published on Monday, Marketbeat reports. JPMorgan Chase & Co. currently has $90.00 target price on the basic materials company’s stock.

A number of other research firms have also recently issued reports on EMN. Royal Bank of Canada raised their target price on Eastman Chemical from $83.00 to $88.00 and gave the company a sector perform rating in a research note on Tuesday, August 1st. KeyCorp lowered their price target on Eastman Chemical from $103.00 to $98.00 and set an overweight rating on the stock in a report on Tuesday, October 3rd. Barclays lowered their price target on Eastman Chemical from $90.00 to $85.00 and set an equal weight rating on the stock in a report on Wednesday, October 11th. Citigroup lowered their price target on Eastman Chemical from $99.00 to $86.00 and set a buy rating on the stock in a report on Wednesday, October 4th. Finally, Morgan Stanley reissued an overweight rating and set a $115.00 price target on shares of Eastman Chemical in a report on Monday, July 31st. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $91.69. Read more …

Barclays upgraded shares of AbbVie (NYSE:ABBV) from an equal weight rating to an overweight rating in a report released on Monday, Marketbeat.com reports. The brokerage currently has $170.00 price target on the stock, up from their previous price target of $160.00.

Several other analysts have also recently commented on ABBV. Credit Suisse Group reduced their target price on AbbVie from $170.00 to $160.00 in a report on Wednesday, July 12th. TheStreet raised shares of AbbVie from a c+ rating to a b rating in a research note on Monday, August 28th. Raymond James assumed coverage on shares of AbbVie in a research report on Thursday, September 28th. They set an outperform rating and a $177.00 price target on the stock. Piper Sandler lifted their price objective on AbbVie from $163.00 to $170.00 and gave the stock an overweight rating in a research report on Friday, July 28th. Finally, HSBC initiated coverage on AbbVie in a research report on Friday, July 14th. They set a buy rating and a $167.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, nine 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 a consensus rating of Moderate Buy and an average target price of $167.06. Read more …

Wells Fargo & Company upgraded shares of NorthWestern Energy Group (NYSE:NWE) from an equal weight rating to an overweight rating in a research report released on Monday morning, MarketBeat.com reports. The firm currently has $51.00 price objective on the stock, down from their prior price objective of $59.00.

A number of other equities research analysts also recently commented on NWE. TheStreet downgraded NorthWestern Energy Group from a b rating to a c+ rating in a research report on Friday, August 25th. JPMorgan Chase & Co. cut their price objective on shares of NorthWestern Energy Group from $59.00 to $55.00 and set a neutral rating on the stock in a report on Tuesday, October 10th. Barclays started coverage on shares of NorthWestern Energy Group in a report on Wednesday, August 23rd. They issued an underweight rating and a $48.00 target price for the company. StockNews.com assumed coverage on shares of NorthWestern Energy Group in a research note on Thursday, October 5th. They set a hold rating on the stock. Finally, KeyCorp lowered their price objective on shares of NorthWestern Energy Group from $64.00 to $59.00 and set an overweight rating for the company in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NorthWestern Energy Group has an average rating of Hold and an average price target of $52.75. Read more …

Bank of America upgraded shares of Chevron (NYSE:CVX) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat reports. The brokerage currently has $200.00 target price on the oil and gas company’s stock, up from their previous target price of $190.00.

Other research analysts also recently issued research reports about the company. Morgan Stanley reduced their price target on Chevron from $203.00 to $201.00 and set an equal weight rating for the company in a report on Tuesday, October 17th. StockNews.com started coverage on Chevron in a research note on Thursday, October 5th. They set a hold rating on the stock. UBS Group upped their price objective on Chevron from $209.00 to $210.00 and gave the company a buy rating in a research note on Wednesday, October 4th. HSBC upped their price objective on Chevron from $180.00 to $184.00 in a research note on Wednesday, August 9th. Finally, Citigroup cut their price objective on Chevron from $180.00 to $170.00 in a research note on Tuesday, July 11th. Five 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, Chevron presently has a consensus rating of Moderate Buy and an average target price of $188.89. Read more …

Jefferies Financial Group upgraded shares of Williams-Sonoma (NYSE:WSM) from an underperform rating to a hold rating in a report issued on Tuesday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $144.00 price objective on the specialty retailer’s stock, up from their previous price objective of $116.00.

Several other research analysts also recently commented on the company. TD Cowen lifted their price objective on Williams-Sonoma from $155.00 to $160.00 and gave the stock an outperform rating in a report on Thursday, August 24th. JPMorgan Chase & Co. lifted their price objective on Williams-Sonoma from $115.00 to $135.00 and gave the stock an underweight rating in a report on Thursday, August 24th. Morgan Stanley lifted their price objective on Williams-Sonoma from $100.00 to $125.00 and gave the stock an underweight rating in a report on Thursday, August 24th. Barclays lifted their price objective on Williams-Sonoma from $115.00 to $123.00 and gave the stock an underweight rating in a report on Thursday, August 24th. Finally, Royal Bank of Canada boosted their price target on Williams-Sonoma from $143.00 to $150.00 and gave the company an outperform rating in a report on Thursday, August 24th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $143.56. Read more ...

T. Rowe Price Group (NASDAQ:TROW) was upgraded by analysts at Citigroup from a “sell” rating to a “neutral” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $95.00 target price on the asset manager’s stock, down from their prior target price of $100.00. Citigroup’s target price points to a potential upside of 4.43% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. StockNews.com started coverage on shares of T. Rowe Price Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Wells Fargo & Company lifted their target price on shares of T. Rowe Price Group from $117.00 to $123.00 and gave the company an “equal weight” rating in a research note on Monday, July 31st. Morgan Stanley lowered their price target on shares of T. Rowe Price Group from $109.00 to $101.00 and set an “equal weight” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of T. Rowe Price Group from $113.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, October 11th. Finally, UBS Group lifted their target price on shares of T. Rowe Price Group from $83.00 to $90.00 and gave the stock a “sell” rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, T. Rowe Price Group presently has a consensus rating of “Hold” and an average price target of $94.45. Read more …

DZ Bank upgraded shares of McDonald’s (NYSE:MCD) from a hold rating to a buy rating in a report released on Tuesday morning, MarketBeat.com reports. They currently have $300.00 price objective on the fast-food giant’s stock.

A number of other analysts have also recently commented on MCD. KeyCorp dropped their target price on shares of McDonald’s from $330.00 to $310.00 and set an overweight rating on the stock in a report on Tuesday, October 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of McDonald’s in a report on Thursday, October 19th. They set a buy rating and a $287.00 target price on the stock. Truist Financial dropped their price target on shares of McDonald’s from $340.00 to $335.00 and set a buy rating on the stock in a research note on Wednesday, September 20th. Bank of America upped their price target on shares of McDonald’s from $319.00 to $343.00 and gave the stock a neutral rating in a research note on Friday, July 28th. Finally, Jefferies Financial Group dropped their price target on shares of McDonald’s from $340.00 to $325.00 in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $316.66. Read more …

Wolfe Research upgraded shares of Phillips 66 (NYSE:PSX) from a peer perform rating to an outperform rating in a report published on Tuesday morning, Marketbeat reports. Wolfe Research currently has $146.00 price target on the oil and gas company’s stock.

Several other brokerages also recently issued reports on PSX. Argus raised their price objective on shares of Phillips 66 from $125.00 to $134.00 and gave the stock a buy rating in a research note on Monday, August 14th. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $130.00 to $144.00 and gave the stock an overweight rating in a research note on Friday, September 8th. StockNews.com started coverage on shares of Phillips 66 in a research note on Thursday, October 5th. They issued a hold rating on the stock. Piper Sandler reduced their target price on Phillips 66 from $138.00 to $134.00 and set an overweight rating for the company in a research report on Thursday, October 5th. Finally, Raymond James reduced their target price on Phillips 66 from $133.00 to $128.00 and set an outperform rating for the company in a research report on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $130.94. Read more …

Clorox (NYSE:CLX) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a $150.00 price target on the stock, up from their prior price target of $135.00. Citigroup’s target price points to a potential upside of 19.47% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Evercore ISI reduced their price target on shares of Clorox from $160.00 to $120.00 and set an “underperform” rating for the company in a research report on Thursday, October 5th. DA Davidson raised shares of Clorox from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Monday, October 2nd. Sanford C. Bernstein raised Clorox from an “underperform” rating to a “market perform” rating and set a $120.00 price objective for the company in a report on Thursday, October 12th. Bank of America lowered their target price on Clorox from $145.00 to $120.00 and set an “underperform” rating on the stock in a research note on Thursday, October 5th. Finally, JPMorgan Chase & Co. dropped their target price on Clorox from $152.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, October 5th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.33. Read more …

Amgen (NASDAQ:AMGN) was upgraded by investment analysts at Truist Financial from a “hold” rating to a “buy” rating in a report issued on Thursday, MarketBeat reports. The firm presently has a $320.00 price target on the medical research company’s stock, up from their previous price target of $260.00. Truist Financial’s price objective would suggest a potential upside of 18.58% from the company’s previous close.

Several other research firms also recently commented on AMGN. Leerink Partnrs upgraded Amgen from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 11th. StockNews.com started coverage on Amgen in a research note on Thursday, October 5th. They issued a “strong-buy” rating on the stock. Royal Bank of Canada upped their price objective on Amgen from $253.00 to $256.00 and gave the company a “sector perform” rating in a research note on Wednesday. Morgan Stanley dropped their target price on Amgen from $300.00 to $291.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Argus increased their target price on Amgen from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.16. Read more …

Downgrades:

Raymond James lowered shares of Cisco Systems (NASDAQ:CSCO) from a market perform rating to an underperform rating in a report issued on Monday morning, Marketbeat.com reports.

A number of other analysts have also recently issued reports on CSCO. Barclays raised their target price on shares of Cisco Systems from $51.00 to $53.00 and gave the stock an equal weight rating in a research note on Thursday, August 17th. Citigroup boosted their price objective on Cisco Systems from $54.00 to $55.00 and gave the stock a neutral rating in a report on Thursday, August 17th. Evercore ISI lifted their price target on Cisco Systems from $60.00 to $63.00 and gave the stock an outperform rating in a report on Thursday, August 17th. Rosenblatt Securities boosted their price target on Cisco Systems from $52.00 to $59.00 and gave the company a neutral rating in a research note on Thursday, August 17th. Finally, Morgan Stanley increased their price objective on Cisco Systems from $55.00 to $56.00 and gave the stock an equal weight rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Cisco Systems has a consensus rating of Hold and a consensus target price of $59.58. Read more …

Wells Fargo & Company downgraded shares of AON (NYSE:AON) from an equal weight rating to an underweight rating in a research report report published on Monday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has $304.00 target price on the financial services provider’s stock, down from their previous target price of $317.00.

A number of other research analysts have also recently commented on AON. Royal Bank of Canada reiterated a sector perform rating and issued a $352.00 price target on shares of AON in a research note on Monday, July 31st. StockNews.com assumed coverage on AON in a research report on Thursday, October 5th. They issued a hold rating for the company. Morgan Stanley boosted their price target on AON from $340.00 to $357.00 and gave the stock an equal weight rating in a report on Wednesday, October 11th. JPMorgan Chase & Co. raised their price objective on shares of AON from $322.00 to $351.00 in a report on Thursday, July 6th. Finally, Bank of America boosted their target price on shares of AON from $365.00 to $380.00 in a report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $344.08. Read more …

Bank of America lowered shares of CubeSmart (NYSE:CUBE) from a buy rating to a neutral rating in a report published on Monday, MarketBeat reports. They currently have $38.00 target price on the real estate investment trust’s stock, down from their prior target price of $51.00.

Several other research firms have also recently issued reports on CUBE. Truist Financial lowered their price objective on shares of CubeSmart from $47.00 to $45.00 and set a hold rating for the company in a research report on Tuesday, August 29th. Stifel Nicolaus reissued a buy rating and issued a $50.00 price objective on shares of CubeSmart in a research report on Wednesday, September 13th. Wells Fargo & Company cut shares of CubeSmart from an overweight rating to an equal weight rating and lowered their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, October 24th. Raymond James lowered their price objective on shares of CubeSmart from $50.00 to $45.00 and set an outperform rating for the company in a research report on Tuesday, October 24th. Finally, Citigroup lowered their price target on shares of CubeSmart from $47.00 to $45.00 and set a neutral rating for the company in a research report on Thursday, August 24th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $44.90. Read more …

Bank of America downgraded shares of Extra Space Storage (NYSE:EXR) from a buy rating to a neutral rating in a report published on Monday, Marketbeat.com reports. The brokerage currently has $119.00 price target on the real estate investment trust’s stock, down from their prior price target of $155.00.

Other analysts have also issued reports about the stock. Raymond James reduced their price objective on shares of Extra Space Storage from $165.00 to $145.00 and set a strong-buy rating for the company in a research note on Tuesday, October 24th. Evercore ISI reduced their price objective on shares of Extra Space Storage from $147.00 to $145.00 and set an in-line rating for the company in a research note on Friday, September 15th. Citigroup reduced their price objective on shares of Extra Space Storage from $160.00 to $135.00 and set a neutral rating for the company in a research note on Wednesday, September 13th. Wells Fargo & Company assumed coverage on shares of Extra Space Storage in a research note on Tuesday, October 24th. They set an underweight rating and a $115.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Extra Space Storage in a research note on Wednesday, September 27th. They set a buy rating and a $153.00 price objective for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $140.40. Read more …

Bank of America lowered shares of Mid-America Apartment Communities (NYSE:MAA) from a neutral rating to an underperform rating in a research report report published on Tuesday, MarketBeat.com reports. The firm currently has $112.00 target price on the real estate investment trust’s stock, down from their previous target price of $136.00.

Several other analysts also recently weighed in on the company. Mizuho decreased their target price on Mid-America Apartment Communities from $159.00 to $133.00 and set a neutral rating for the company in a research note on Tuesday, September 26th. Wedbush initiated coverage on Mid-America Apartment Communities in a research note on Tuesday, October 3rd. They set a neutral rating and a $137.00 target price for the company. Citigroup cut their price target on Mid-America Apartment Communities from $175.00 to $159.00 and set a neutral rating for the company in a report on Tuesday, August 22nd. BMO Capital Markets upped their price target on Mid-America Apartment Communities from $163.00 to $165.00 in a report on Tuesday, July 18th. Finally, StockNews.com initiated coverage on Mid-America Apartment Communities in a report on Thursday, October 5th. They issued a hold rating for the company. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $155.09. Read more …

ONEOK (NYSE:OKE) was downgraded by investment analysts at Truist Financial from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have a $68.00 price target on the utilities provider’s stock. Truist Financial’s price target suggests a potential upside of 1.74% from the stock’s current price.

Other analysts have also issued reports about the company. Scotiabank raised ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Monday, October 2nd. Mizuho boosted their target price on shares of ONEOK from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Raymond James raised their price target on shares of ONEOK from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 19th. StockNews.com started coverage on shares of ONEOK in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Pickering Energy Partners started coverage on ONEOK in a research report on Tuesday, October 3rd. They set an “underperform” rating for the company. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.09. Read more …

Bristol-Myers Squibb (NYSE:BMY) was downgraded by analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a report issued on Thursday, MarketBeat reports. They presently have a $54.00 price objective on the biopharmaceutical company’s stock, down from their prior price objective of $68.00. Daiwa Capital Markets’ price objective indicates a potential upside of 2.26% from the company’s previous close.

BMY has been the topic of several other research reports. William Blair downgraded shares of Bristol-Myers Squibb from an “outperform” rating to a “market perform” rating in a report on Friday, October 27th. TD Cowen reduced their price objective on Bristol-Myers Squibb from $80.00 to $66.00 and set a “market perform” rating on the stock in a research note on Friday, September 15th. SVB Securities started coverage on shares of Bristol-Myers Squibb in a report on Monday, July 10th. They set a “market perform” rating and a $66.00 price target for the company. Barclays lowered their price objective on Bristol-Myers Squibb from $60.00 to $51.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Finally, Atlantic Securities dropped their target price on shares of Bristol-Myers Squibb from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.38. Read more ...

Archive of Upgrades and Downgrades