Notable Analyst Upgrades and Downgrades for Week of December 4, 2023

 


 

Upgrades:



3M (NYSE:MMM) was upgraded by Barclays from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm presently has a $107.00 price objective on the conglomerate’s stock, up from their prior price objective of $98.00. Barclays‘s price objective would indicate a potential upside of 5.22% from the company’s previous close.

Other research analysts also recently issued reports about the company. Morgan Stanley upgraded 3M from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $102.00 to $113.00 in a research note on Thursday, August 31st. HSBC initiated coverage on 3M in a research note on Friday, September 15th. They issued a “hold” rating and a $109.00 price target for the company. Mizuho restated a “neutral” rating and issued a $120.00 price target on shares of 3M in a research note on Tuesday, August 29th. Wolfe Research upgraded 3M from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on 3M from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $105.20. Read more …



Crown Castle (NYSE:CCI) was upgraded by research analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has a $115.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $90.00. Wells Fargo & Company‘s price target indicates a potential downside of 1.81% from the company’s current price.

Several other research firms have also recently weighed in on CCI. StockNews.com began coverage on shares of Crown Castle in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Royal Bank of Canada downgraded shares of Crown Castle from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $125.00 to $100.00 in a report on Monday, October 16th. Morgan Stanley lowered their target price on shares of Crown Castle from $151.00 to $113.00 and set an “overweight” rating on the stock in a report on Monday, October 16th. JPMorgan Chase & Co. lowered their target price on shares of Crown Castle from $140.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, September 27th. Finally, Scotiabank began coverage on shares of Crown Castle in a report on Friday, October 13th. They set a “sector perform” rating and a $110.00 target price on the stock. One investment analyst has 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, the company currently has an average rating of “Hold” and an average price target of $126.50. Read more …



Wolfe Research upgraded shares of Realty Income (NYSE:O) from a peer perform rating to an outperform rating in a report issued on Wednesday morning, MarketBeat.com reports. Wolfe Research currently has $66.00 target price on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on O. Citigroup cut their price target on shares of Realty Income from $65.00 to $61.50 and set a neutral rating on the stock in a report on Tuesday, August 29th. Mizuho cut their price target on shares of Realty Income from $61.00 to $48.00 and set a neutral rating on the stock in a report on Tuesday, October 31st. Stifel Nicolaus cut their price target on shares of Realty Income from $69.50 to $67.50 and set a buy rating on the stock in a report on Tuesday, November 7th. Scotiabank cut shares of Realty Income from a sector outperform rating to a sector perform rating and cut their price target for the company from $61.00 to $54.00 in a report on Monday, October 16th. Finally, Robert W. Baird reiterated a neutral rating and issued a $69.00 price target on shares of Realty Income in a report on Monday, August 28th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Realty Income currently has a consensus rating of Hold and an average price target of $61.36. Read more …



UBS Group upgraded shares of J.B. Hunt Transport Services (NASDAQ:JBHT) from a sell rating to a neutral rating in a research report sent to investors on Thursday morning, Marketbeat.com reports. The brokerage currently has $205.00 target price on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Susquehanna decreased their price target on shares of J.B. Hunt Transport Services from $190.00 to $175.00 and set a neutral rating for the company in a research note on Wednesday, October 18th. Morgan Stanley dropped their price target on J.B. Hunt Transport Services from $169.00 to $165.00 and set an equal weight rating on the stock in a research report on Wednesday, October 18th. Benchmark restated a buy rating and issued a $200.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 4th. Raymond James dropped their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an outperform rating on the stock in a report on Wednesday, October 18th. Finally, BMO Capital Markets boosted their price target on shares of J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company a market perform rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of Hold and a consensus target price of $198.74. Read more …




Owens Corning (NYSE:OC) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report released on Friday, Briefing.com reports. The brokerage currently has a $180.00 price objective on the construction company's stock, up from their previous price objective of $130.00. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 27.66% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada lowered their price target on shares of Owens Corning from $168.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, October 26th. StockNews.com raised shares of Owens Corning from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 26th. Wells Fargo & Company started coverage on Owens Corning in a research note on Tuesday, October 17th. They issued an "equal weight" rating and a $143.00 price target on the stock. Truist Financial dropped their price objective on Owens Corning from $135.00 to $115.00 and set a "hold" rating for the company in a report on Thursday, October 26th. Finally, Barclays reduced their target price on Owens Corning from $185.00 to $153.00 and set an "overweight" rating on the stock in a report on Thursday, October 26th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $142.67. Read more ...



Summit Insights upgraded shares of Broadcom (NASDAQ:AVGO) from a hold rating to a buy rating in a report issued on Friday, Briefing.com reports.

Several other research firms have also issued reports on AVGO. KeyCorp boosted their target price on Broadcom from $1,000.00 to $1,200.00 and gave the stock an overweight rating in a research report on Friday, November 24th. Piper Sandler upped their price target on Broadcom from $830.00 to $925.00 and gave the stock an overweight rating in a research report on Tuesday, August 29th. Rosenblatt Securities reiterated a buy rating and set a $1,000.00 price objective on shares of Broadcom in a research note on Monday, December 4th. BMO Capital Markets upped their price objective on Broadcom from $890.00 to $1,000.00 and gave the stock an outperform rating in a research note on Friday, September 1st. Finally, Evercore ISI upped their price objective on Broadcom from $1,000.00 to $1,050.00 in a research note on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of Moderate Buy and a consensus price target of $884.45. Read more …



Downgrades:



Piper Sandler downgraded shares of Albemarle (NYSE:ALB) from a neutral rating to an underweight rating in a report published on Tuesday morning, Marketbeat.com reports. They currently have $128.00 target price on the specialty chemicals company’s stock, down from their prior target price of $140.00.

Several other analysts also recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Albemarle from $212.00 to $163.00 and set an outperform rating for the company in a report on Monday, November 6th. BMO Capital Markets cut their price target on shares of Albemarle from $265.00 to $180.00 and set an outperform rating for the company in a report on Tuesday, November 7th. Wells Fargo & Company lowered their price objective on shares of Albemarle from $260.00 to $210.00 and set an overweight rating for the company in a research report on Monday, October 9th. TheStreet cut shares of Albemarle from a b- rating to a c+ rating in a research report on Monday, November 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Albemarle from $260.00 to $250.00 and set a buy rating for the company in a research report on Monday, August 7th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $230.95. Read more ...



JPMorgan Chase & Co. lowered shares of EOG Resources (NYSE:EOG) from an overweight rating to a neutral rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have $150.00 price objective on the energy exploration company’s stock, down from their previous price objective of $156.00.

Other equities analysts have also issued reports about the stock. Piper Sandler raised their target price on shares of EOG Resources from $157.00 to $158.00 and gave the stock an overweight rating in a research report on Thursday, November 16th. UBS Group increased their price target on EOG Resources from $164.00 to $165.00 and gave the stock a buy rating in a research report on Wednesday, October 4th. StockNews.com initiated coverage on EOG Resources in a report on Thursday, October 5th. They issued a hold rating for the company. Mizuho dropped their target price on shares of EOG Resources from $158.00 to $150.00 and set a buy rating on the stock in a report on Wednesday, November 15th. Finally, Susquehanna reduced their price target on shares of EOG Resources from $165.00 to $164.00 and set a positive rating for the company in a report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EOG Resources has a consensus rating of Moderate Buy and a consensus target price of $147.05. Read more …




Danaher (NYSE:DHR) was downgraded by The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $205.00 price objective on the conglomerate's stock, down from their prior price objective of $215.00. The Goldman Sachs Group's price objective would suggest a potential downside of 7.14% from the company's previous close.

A number of other equities research analysts also recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Danaher from $285.00 to $247.00 and set an "overweight" rating for the company in a research report on Tuesday, October 3rd. KeyCorp reduced their price target on Danaher from $300.00 to $260.00 and set an "overweight" rating for the company in a report on Wednesday, October 25th. Barclays dropped their price objective on Danaher from $290.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, October 26th. Raymond James reduced their target price on Danaher from $250.00 to $240.00 and set an "outperform" rating for the company in a report on Wednesday, October 25th. Finally, Citigroup lowered their price target on shares of Danaher from $265.92 to $240.00 and set a "buy" rating on the stock in a research note on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $257.07. Read more …



QUALCOMM (NASDAQ:QCOM) was downgraded by Morgan Stanley from an "overweight" rating to an "equal weight" rating in a report released on Friday, Briefing.com reports. They currently have a $132.00 target price on the wireless technology company's stock, up from their previous target price of $119.00. Morgan Stanley's price target suggests a potential downside of 0.71% from the company's current price.

A number of other analysts also recently commented on QCOM. Evercore ISI reduced their price objective on QUALCOMM from $140.00 to $135.00 in a research report on Thursday, October 5th. Wells Fargo & Company lifted their price target on shares of QUALCOMM from $95.00 to $100.00 and gave the stock an "underweight" rating in a research note on Tuesday, September 12th. Rosenblatt Securities restated a "buy" rating and issued a $145.00 price objective on shares of QUALCOMM in a research note on Thursday, September 14th. JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, November 2nd. Finally, KeyCorp reiterated an "overweight" rating and issued a $145.00 price target on shares of QUALCOMM in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.50. Read more ...



Lam Research (NASDAQ:LRCX) was downgraded by research analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a research note issued to investors on Friday, Briefing.com reports. They currently have a $720.00 price objective on the semiconductor company's stock. Morgan Stanley's price objective suggests a potential upside of 1.69% from the company's current price.

LRCX has been the subject of a number of other reports. Stifel Nicolaus upped their price objective on Lam Research from $725.00 to $750.00 and gave the stock a "buy" rating in a report on Monday, August 28th. Needham & Company LLC raised Lam Research from a "hold" rating to a "buy" rating and set a $800.00 target price for the company in a research note on Friday, October 13th. B. Riley lifted their price target on shares of Lam Research from $690.00 to $700.00 and gave the stock a "neutral" rating in a research note on Thursday, October 19th. Evercore ISI cut their price objective on shares of Lam Research from $750.00 to $700.00 in a research note on Thursday, October 5th. Finally, Redburn Atlantic started coverage on shares of Lam Research in a research note on Wednesday, November 22nd. They issued a "buy" rating and a $800.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $675.50. Read more …



Deutsche Bank Aktiengesellschaft cut shares of Cintas (NASDAQ:CTAS) from a buy rating to a hold rating in a research report released on Friday, MarketBeat.com reports. They currently have $590.00 price target on the business services provider’s stock, up from their prior price target of $551.00.

A number of other brokerages also recently commented on CTAS. Bank of America reduced their target price on shares of Cintas from $580.00 to $565.00 in a report on Wednesday, September 27th. Citigroup dropped their target price on Cintas from $550.00 to $530.00 and set a neutral rating on the stock in a research report on Wednesday, October 4th. Royal Bank of Canada reiterated an outperform rating and issued a $525.00 target price on shares of Cintas in a research report on Wednesday, September 27th. The Goldman Sachs Group upgraded Cintas from a buy rating to a conviction-buy rating in a research report on Monday, October 2nd. Finally, StockNews.com upgraded Cintas from a hold rating to a buy rating in a research report on Wednesday, November 8th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cintas presently has a consensus rating of Moderate Buy and an average target price of $537.60. Read more …




Pool (NASDAQ:POOL) was downgraded by Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report released on Friday, Briefing.com reports. They presently have a $368.00 price objective on the specialty retailer's stock, down from their prior price objective of $371.00. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 1.17% from the company's previous close.

Several other equities research analysts have also recently weighed in on the company. StockNews.com assumed coverage on Pool in a research note on Thursday, October 5th. They set a "hold" rating on the stock. Oppenheimer decreased their price target on Pool from $375.00 to $370.00 and set an "outperform" rating on the stock in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Pool has a consensus rating of "Hold" and an average target price of $378.00.

Shares of Pool stock opened at $363.74 on Friday. The company has a quick ratio of 0.81, a current ratio of 2.58 and a debt-to-equity ratio of 0.70. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 4.64 and a beta of 0.96. Pool has a twelve month low of $295.95 and a twelve month high of $423.97. The business has a 50-day moving average price of $340.28 and a 200-day moving average price of $351.34. Read more …



Casey's General Stores (NASDAQ:CASY) was downgraded by research analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a report released on Friday, Briefing.com reports. They currently have a $290.00 price objective on the stock. BMO Capital Markets' price target points to a potential upside of 5.59% from the stock's previous close.

A number of other equities research analysts also recently issued reports on CASY. Stephens restated an "overweight" rating and issued a $280.00 target price on shares of Casey's General Stores in a report on Tuesday, September 12th. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Thursday. Benchmark lifted their target price on Casey's General Stores from $275.00 to $312.00 and gave the company a "buy" rating in a report on Thursday, October 12th. Wells Fargo & Company upped their price target on Casey's General Stores from $260.00 to $285.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 13th. Finally, Royal Bank of Canada lifted their price objective on Casey's General Stores from $275.00 to $284.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 12th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $277.22. Read more …



Archive of Upgrades and Downgrades


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