Notable Analyst Upgrades and Downgrades for Week of January 1, 2024

 


 

Upgrades:



Barclays upgraded shares of Evergy (NYSE:EVRG) from an equal weight rating to an overweight rating in a research report report published on Tuesday, Marketbeat Ratings reports. Barclays currently has $56.00 price objective on the stock, up from their prior price objective of $53.00.

Other research analysts also recently issued research reports about the company. Guggenheim lowered their target price on Evergy from $62.00 to $54.00 in a research note on Monday, October 9th. Wolfe Research downgraded shares of Evergy from an outperform rating to a peer perform rating in a research report on Monday, September 11th. Bank of America upgraded Evergy from an underperform rating to a neutral rating and cut their price target for the stock from $52.00 to $49.00 in a report on Tuesday, October 3rd. Finally, Wells Fargo & Company cut their price target on Evergy from $65.00 to $56.00 in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $53.75. Read more ...



Equinix (NASDAQ:EQIX) was upgraded by equities research analysts at Wolfe Research from an "underperform" rating to a "peer perform" rating in a research note issued on Tuesday, MarketBeat.com reports.

Several other research firms also recently weighed in on EQIX. TheStreet upgraded Equinix from a "c+" rating to a "b-" rating in a research report on Wednesday, November 29th. Oppenheimer upgraded Equinix from a "market perform" rating to an "outperform" rating and set a $875.00 target price for the company in a research report on Tuesday, November 21st. KeyCorp assumed coverage on Equinix in a research report on Wednesday, December 6th. They set a "sector weight" rating for the company. StockNews.com assumed coverage on Equinix in a research report on Thursday, October 5th. They set a "hold" rating for the company. Finally, BMO Capital Markets decreased their target price on Equinix from $870.00 to $850.00 and set an "outperform" rating for the company in a research report on Thursday, October 26th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $830.33. Read more …



Jefferies Financial Group upgraded shares of CubeSmart (NYSE:CUBE) from a hold rating to a buy rating in a research note published on Tuesday morning, Marketbeat.com reports. They currently have $53.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $38.00.

A number of other equities research analysts have also recently weighed in on the stock. Evercore ISI cut shares of CubeSmart from an outperform rating to an in-line rating and boosted their price target for the company from $42.00 to $43.00 in a research report on Monday, December 11th. Bank of America lowered shares of CubeSmart from a buy rating to a neutral rating and lowered their target price for the stock from $51.00 to $38.00 in a research report on Monday, October 30th. Stifel Nicolaus reaffirmed a buy rating and issued a $50.00 price target on shares of CubeSmart in a report on Wednesday, September 13th. StockNews.com started coverage on shares of CubeSmart in a research note on Thursday, October 5th. They set a hold rating on the stock. Finally, Truist Financial upped their price objective on shares of CubeSmart from $43.00 to $46.00 and gave the company a hold rating in a research note on Thursday, December 28th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $46.09. Read more …



Essex Property Trust (NYSE:ESS) was upgraded by analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research note issued on Tuesday, MarketBeat Ratings reports. The firm currently has a $281.00 price objective on the real estate investment trust's stock, up from their prior price objective of $215.00. Jefferies Financial Group's price target suggests a potential upside of 13.33% from the stock's current price.

Several other equities analysts have also commented on the company. Wells Fargo & Company dropped their target price on Essex Property Trust from $247.00 to $244.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 12th. Citigroup lowered shares of Essex Property Trust from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $280.00 to $260.00 in a report on Thursday, September 7th. Royal Bank of Canada lowered their target price on shares of Essex Property Trust from $241.00 to $235.00 and set an "outperform" rating for the company in a report on Monday, October 30th. Wedbush began coverage on shares of Essex Property Trust in a research note on Tuesday, October 3rd. They set a "neutral" rating and a $225.00 price target on the stock. Finally, BMO Capital Markets upgraded shares of Essex Property Trust from an "underperform" rating to a "market perform" rating and decreased their price target for the company from $235.00 to $225.00 in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $241.25. Read more …



KeyCorp upgraded shares of Verizon Communications (NYSE:VZ) from a sector weight rating to an overweight rating in a report published on Wednesday morning, MarketBeat.com reports. KeyCorp currently has $45.00 price target on the cell phone carrier’s stock.

Other analysts have also issued reports about the company. Oppenheimer restated an outperform rating and issued a $43.00 target price on shares of Verizon Communications in a research note on Tuesday, December 19th. Barclays upgraded Verizon Communications from an equal weight rating to an overweight rating and lifted their price objective for the company from $37.00 to $38.00 in a report on Wednesday, October 25th. Citigroup boosted their target price on Verizon Communications from $40.00 to $42.00 and gave the company a buy rating in a research note on Thursday, December 14th. StockNews.com lowered Verizon Communications from a buy rating to a hold rating in a research report on Saturday, December 23rd. Finally, Tigress Financial decreased their price objective on Verizon Communications from $64.00 to $45.00 and set a buy rating on the stock in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $42.33. Read more …




Rockwell Automation (NYSE:ROK) was upgraded by research analysts at UBS Group from a "neutral" rating to a "buy" rating in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a $360.00 price target on the industrial products company's stock, up from their previous price target of $305.00. UBS Group's target price indicates a potential upside of 17.59% from the company's current price.

Several other research firms have also recently weighed in on ROK. Barclays lowered their price objective on Rockwell Automation from $287.00 to $270.00 in a research report on Tuesday, October 10th. Stephens reiterated an "equal weight" rating and set a $350.00 price objective on shares of Rockwell Automation in a research report on Friday, November 3rd. StockNews.com began coverage on Rockwell Automation in a research report on Thursday, October 5th. They set a "hold" rating on the stock. Mizuho lowered their price objective on Rockwell Automation from $270.00 to $265.00 and set a "neutral" rating on the stock in a research report on Friday, November 3rd. Finally, Wells Fargo & Company upgraded Rockwell Automation from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $280.00 to $357.00 in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Rockwell Automation presently has an average rating of "Hold" and a consensus target price of $307.13. Read more …



Piper Sandler upgraded shares of Discover Financial Services (NYSE:DFS) from a neutral rating to an overweight rating in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have $129.00 price objective on the financial services provider’s stock, up from their previous price objective of $104.00.

Other equities analysts also recently issued research reports about the stock. Bank of America upgraded shares of Discover Financial Services from a neutral rating to a buy rating and boosted their target price for the stock from $94.00 to $116.00 in a research note on Wednesday, December 6th. Stephens reaffirmed an equal weight rating and issued a $98.00 price target on shares of Discover Financial Services in a report on Thursday, December 14th. The Goldman Sachs Group upped their price target on Discover Financial Services from $98.00 to $110.00 and gave the company a buy rating in a report on Monday, December 18th. Morgan Stanley decreased their price objective on shares of Discover Financial Services from $95.00 to $94.00 and set an equal weight rating for the company in a research note on Thursday, November 16th. Finally, Citigroup upgraded shares of Discover Financial Services from a neutral rating to a buy rating and upped their price objective for the company from $93.00 to $133.00 in a research note on Wednesday, December 20th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $109.44. Read more …



KeyCorp upgraded shares of Consolidated Edison (NYSE:ED) from an underweight rating to a sector weight rating in a research note issued to investors on Thursday morning, MarketBeat.com reports.

Several other brokerages have also issued reports on ED. Wells Fargo & Company upgraded shares of Consolidated Edison from an underweight rating to an equal weight rating and decreased their price target for the stock from $96.00 to $94.00 in a research note on Tuesday, October 17th. JPMorgan Chase & Co. boosted their target price on Consolidated Edison from $84.00 to $87.00 and gave the company an underweight rating in a research note on Wednesday, November 29th. Barclays cut their price target on Consolidated Edison from $88.00 to $85.00 and set an equal weight rating for the company in a research note on Tuesday, October 24th. LADENBURG THALM/SH SH began coverage on Consolidated Edison in a research note on Wednesday. They issued a neutral rating and a $92.50 price objective on the stock. Finally, StockNews.com started coverage on shares of Consolidated Edison in a research report on Thursday, October 5th. They set a hold rating for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Consolidated Edison has a consensus rating of Hold and an average price target of $88.39. Read more …



Morgan Stanley upgraded shares of Allstate (NYSE:ALL) from an equal weight rating to an overweight rating in a research report released on Thursday, Marketbeat Ratings reports. They currently have $171.00 target price on the insurance provider’s stock, up from their previous target price of $117.00.

A number of other research firms have also commented on ALL. Roth Mkm lifted their target price on shares of Allstate from $145.00 to $160.00 and gave the stock a buy rating in a report on Friday, November 3rd. BMO Capital Markets lifted their target price on shares of Allstate from $125.00 to $140.00 and gave the stock a market perform rating in a report on Friday, December 15th. The Goldman Sachs Group lifted their target price on shares of Allstate from $128.00 to $141.00 and gave the stock a buy rating in a report on Tuesday, November 7th. Piper Sandler lifted their target price on shares of Allstate from $137.00 to $138.00 and gave the stock an overweight rating in a report on Friday, November 3rd. Finally, HSBC started coverage on shares of Allstate in a report on Thursday, December 28th. They issued a hold rating and a $145.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Allstate currently has a consensus rating of Moderate Buy and an average price target of $141.07. Read more …



Barclays upgraded shares of Dollar General (NYSE:DG) from an equal weight rating to an overweight rating in a research note released on Thursday morning, MarketBeat reports. They currently have $154.00 price target on the stock, up from their prior price target of $124.00.

DG has been the topic of several other research reports. HSBC raised Dollar General from a reduce rating to a hold rating and set a $102.00 price target for the company in a research report on Friday, October 13th. Jefferies Financial Group decreased their target price on shares of Dollar General from $175.00 to $135.00 and set a buy rating for the company in a research note on Friday, October 13th. Raymond James dropped their price target on shares of Dollar General from $160.00 to $150.00 and set an outperform rating on the stock in a research report on Wednesday, November 22nd. Telsey Advisory Group reissued a market perform rating and issued a $124.00 price objective on shares of Dollar General in a research report on Monday, December 4th. Finally, StockNews.com raised shares of Dollar General from a sell rating to a hold rating in a report on Sunday, December 24th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $144.64. Read more …




Automatic Data Processing (NASDAQ:ADP) was upgraded by analysts at Wolfe Research from an "underperform" rating to a "peer perform" rating in a note issued to investors on Thursday, Briefing.com reports.

A number of other brokerages also recently commented on ADP. Stifel Nicolaus reaffirmed a "hold" rating and set a $250.00 price objective on shares of Automatic Data Processing in a research report on Thursday, November 30th. UBS Group assumed coverage on shares of Automatic Data Processing in a research note on Tuesday, November 7th. They issued a "neutral" rating and a $235.00 price objective on the stock. Morgan Stanley reduced their price objective on Automatic Data Processing from $260.00 to $250.00 and set an "equal weight" rating for the company in a research report on Thursday, October 26th. Mizuho dropped their price target on shares of Automatic Data Processing from $285.00 to $255.00 and set a "buy" rating for the company in a research report on Tuesday, October 31st. Finally, StockNews.com lowered shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Saturday, December 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Automatic Data Processing has an average rating of "Hold" and an average target price of $248.54. Read more …



Barclays upgraded shares of Home Depot (NYSE:HD) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday morning, MarketBeat reports. They currently have $372.00 target price on the home improvement retailer’s stock, up from their previous target price of $325.00.

A number of other equities analysts have also recently issued reports on HD. Stifel Nicolaus boosted their price objective on Home Depot from $306.00 to $355.00 and gave the company a hold rating in a report on Wednesday, December 20th. Truist Financial raised their price target on shares of Home Depot from $356.00 to $387.00 and gave the stock a buy rating in a research note on Thursday, December 21st. Guggenheim lowered their price objective on shares of Home Depot from $360.00 to $340.00 and set a buy rating for the company in a research report on Wednesday, November 15th. StockNews.com raised shares of Home Depot from a hold rating to a buy rating in a research note on Thursday, December 21st. Finally, Royal Bank of Canada dropped their price objective on Home Depot from $303.00 to $299.00 and set a sector perform rating on the stock in a research note on Wednesday, November 15th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Home Depot presently has an average rating of Moderate Buy and a consensus price target of $344.39. Read more …



Bank of America upgraded shares of Truist Financial (NYSE:TFC) from a neutral rating to a buy rating in a research note issued to investors on Thursday morning, Marketbeat reports. Bank of America currently has $43.00 target price on the insurance provider’s stock.

Several other equities research analysts have also recently weighed in on TFC. Keefe, Bruyette & Woods raised Truist Financial from a market perform rating to an outperform rating and decreased their price target for the company from $37.00 to $36.00 in a research note on Wednesday, September 20th. Raymond James decreased their price target on Truist Financial from $36.00 to $34.00 and set an outperform rating for the company in a research note on Thursday, October 5th. StockNews.com cut Truist Financial from a hold rating to a sell rating in a research note on Friday, December 29th. Barclays increased their price target on Truist Financial from $40.00 to $42.00 and gave the company an equal weight rating in a research note on Tuesday. Finally, Royal Bank of Canada reissued an outperform rating and issued a $40.00 price target on shares of Truist Financial in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Truist Financial has a consensus rating of Hold and a consensus price target of $38.66. Read more …



National Storage Affiliates Trust (NYSE:NSA) was upgraded by stock analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a $45.00 price objective on the real estate investment trust's stock. KeyCorp's price objective points to a potential upside of 12.92% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial raised their target price on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a "hold" rating in a report on Thursday, December 28th. Evercore ISI restated an "underperform" rating and issued a $35.00 price target (up from $32.00) on shares of National Storage Affiliates Trust in a research note on Monday, December 11th. StockNews.com upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, December 23rd. Morgan Stanley dropped their target price on National Storage Affiliates Trust from $42.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 21st. Finally, Wells Fargo & Company upped their price target on shares of National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an "underweight" rating in a research report on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $36.75. Read more …



Downgrades:



Barclays downgraded shares of Apple (NASDAQ:AAPL) from an equal weight rating to an underweight rating in a research note published on Tuesday morning, MarketBeat Ratings reports. Barclays currently has $160.00 price objective on the iPhone maker’s stock, down from their previous price objective of $161.00.

A number of other equities analysts also recently issued reports on AAPL. Credit Suisse Group reaffirmed an outperform rating and issued a $220.00 price target on shares of Apple in a report on Friday, September 15th. StockNews.com assumed coverage on Apple in a report on Thursday, October 5th. They issued a hold rating for the company. Bank of America reissued a neutral rating and issued a $173.00 price objective on shares of Apple in a report on Tuesday, October 24th. Tigress Financial increased their price objective on Apple from $225.00 to $240.00 and gave the company a strong-buy rating in a report on Thursday, November 16th. Finally, Needham & Company LLC upped their price target on Apple from $195.00 to $220.00 and gave the stock a buy rating in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $199.37. Read more …




Magna International (NYSE:MGA) TSE: MG was downgraded by investment analysts at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a $58.00 price target on the stock, down from their previous price target of $73.00. The Goldman Sachs Group's price objective would suggest a potential downside of 2.01% from the company's previous close.

A number of other research analysts have also weighed in on MGA. Royal Bank of Canada raised their price target on shares of Magna International from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, November 6th. StockNews.com downgraded shares of Magna International from a "buy" rating to a "hold" rating in a report on Monday, December 25th. Scotiabank raised their price objective on shares of Magna International from $61.00 to $62.00 and gave the stock a "sector perform" rating in a report on Monday, November 6th. UBS Group decreased their price objective on shares of Magna International from $63.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, October 10th. Finally, TD Securities raised their price objective on shares of Magna International from $72.00 to $73.00 and gave the stock a "buy" rating in a report on Monday, November 6th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $65.87. Read more …



Evercore ISI lowered shares of Cullen/Frost Bankers (NYSE:CFR) from an in-line rating to an underperform rating in a report released on Wednesday morning, Marketbeat.com reports. Evercore ISI currently has $111.00 target price on the bank’s stock, up from their previous target price of $98.00.

CFR has been the topic of a number of other research reports. StockNews.com upgraded Cullen/Frost Bankers to a sell rating in a report on Friday, November 3rd. Bank of America dropped their target price on Cullen/Frost Bankers from $120.00 to $119.00 in a report on Tuesday, October 10th. Royal Bank of Canada dropped their target price on Cullen/Frost Bankers from $122.00 to $108.00 in a report on Tuesday, October 10th. Jefferies Financial Group dropped their target price on Cullen/Frost Bankers from $111.00 to $98.00 in a report on Tuesday, October 10th. Finally, Morgan Stanley dropped their price target on Cullen/Frost Bankers from $116.00 to $109.00 and set an equal weight rating on the stock in a report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $112.23. Read more …



TD Cowen cut shares of Pfizer (NYSE:PFE) from an outperform rating to a market perform rating in a report issued on Thursday, Marketbeat.com reports. The firm currently has $32.00 target price on the biopharmaceutical company’s stock.

Other equities analysts also recently issued research reports about the stock. Citigroup cut their price target on shares of Pfizer from $42.00 to $35.00 and set a neutral rating for the company in a report on Monday, October 16th. TheStreet downgraded shares of Pfizer from a b- rating to a c+ rating in a report on Monday, September 25th. Truist Financial cut their price target on shares of Pfizer from $42.00 to $36.00 and set a buy rating for the company in a report on Thursday, December 14th. JPMorgan Chase & Co. cut their price target on shares of Pfizer from $36.00 to $34.00 and set a neutral rating for the company in a report on Monday, October 16th. Finally, Cantor Fitzgerald reissued an overweight rating on shares of Pfizer in a research note on Monday, December 18th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Pfizer currently has a consensus rating of Hold and an average target price of $39.89. Read more …



Evercore ISI downgraded shares of Aflac (NYSE:AFL) from an in-line rating to an underperform rating in a research report sent to investors on Thursday, MarketBeat reports. The firm currently has $78.00 price target on the financial services provider’s stock, up from their previous price target of $76.00.

Other equities analysts have also issued research reports about the company. Morgan Stanley lifted their price target on Aflac from $75.00 to $80.00 and gave the company an equal weight rating in a research note on Wednesday, November 15th. JPMorgan Chase & Co. lifted their price target on Aflac from $74.00 to $80.00 and gave the company a neutral rating in a research note on Thursday, November 2nd. StockNews.com initiated coverage on Aflac in a research note on Thursday, October 5th. They issued a hold rating for the company. Raymond James lifted their price target on Aflac from $77.00 to $83.00 and gave the company an outperform rating in a research note on Tuesday, September 26th. Finally, Jefferies Financial Group lifted their price target on Aflac from $70.00 to $74.00 and gave the company a hold rating in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $79.44. Read more …



Archive of Upgrades and Downgrades



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