Notable Analyst Upgrades and Downgrades for Week of January 22, 2024

 

 

Upgrades:

Union Pacific (NYSE:UNP) was upgraded by investment analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, Briefing.com reports. The brokerage currently has a $280.00 price target on the railroad operator’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 17.02% from the company’s previous close.

UNP has been the subject of a number of other reports. Raymond James boosted their price target on shares of Union Pacific from $240.00 to $275.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 16th. Susquehanna reduced their target price on shares of Union Pacific from $240.00 to $220.00 and set a “neutral” rating for the company in a report on Tuesday, October 3rd. Barclays reduced their target price on shares of Union Pacific from $285.00 to $275.00 in a report on Wednesday, October 4th. JPMorgan Chase & Co. reduced their target price on shares of Union Pacific from $240.00 to $239.00 and set a “neutral” rating for the company in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $282.00 target price on shares of Union Pacific in a report on Friday, October 20th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $242.38. Read more …

Norfolk Southern (NYSE:NSC) was upgraded by investment analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued on Monday, Briefing.com reports. The firm currently has a $272.00 price objective on the railroad operator’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 16.21% from the stock’s previous close.

Several other research firms have also recently issued reports on NSC. StockNews.com assumed coverage on Norfolk Southern in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Citigroup cut their target price on Norfolk Southern from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Barclays cut their target price on Norfolk Southern from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Wells Fargo & Company cut their target price on Norfolk Southern from $245.00 to $220.00 and set an “overweight” rating on the stock in a research note on Thursday, October 26th. Finally, Stifel Nicolaus lowered their price objective on shares of Norfolk Southern from $260.00 to $253.00 and set a “buy” rating for the company in a report on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.70. Read more …

Agree Realty (NYSE:ADC) was upgraded by equities research analysts at JMP Securities from a "market perform" rating to an "outperform" rating in a note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has a $71.00 target price on the real estate investment trust's stock. JMP Securities' price objective would suggest a potential upside of 16.22% from the stock's previous close.

ADC has been the subject of several other research reports. Royal Bank of Canada increased their price objective on Agree Realty from $66.00 to $67.00 and gave the company an "outperform" rating in a report on Thursday, January 4th. Mizuho raised their target price on Agree Realty from $61.00 to $65.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. StockNews.com lowered Agree Realty from a "hold" rating to a "sell" rating in a research note on Friday, January 12th. Truist Financial raised their target price on Agree Realty from $62.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, January 16th. Finally, BNP Paribas lowered Agree Realty from an "outperform" rating to a "neutral" rating and set a $64.00 target price for the company. in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $68.44. Read more …

Digital Realty Trust (NYSE:DLR) was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Monday, Briefing.com reports. The firm currently has a $157.00 target price on the real estate investment trust’s stock, up from their prior target price of $132.00. Scotiabank’s price target points to a potential upside of 14.31% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. KeyCorp began coverage on Digital Realty Trust in a research note on Wednesday, December 6th. They set a “sector weight” rating on the stock. HSBC began coverage on Digital Realty Trust in a research note on Friday, December 1st. They set a “reduce” rating and a $112.00 price target on the stock. Morgan Stanley increased their price target on Digital Realty Trust from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, December 8th. Citigroup increased their price target on Digital Realty Trust from $136.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, December 8th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.79. Read more …

Exxon Mobil (NYSE:XOM) was upgraded by equities research analysts at TD Cowen from a "market perform" rating to an "outperform" rating in a research report issued on Tuesday, Marketbeat reports. The brokerage currently has a $115.00 price target on the oil and gas company's stock. TD Cowen's price objective would suggest a potential upside of 18.78% from the company's previous close.

Other research analysts also recently issued reports about the stock. Redburn Atlantic raised shares of Exxon Mobil from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Erste Group Bank restated a "hold" rating on shares of Exxon Mobil in a report on Friday, December 22nd. UBS Group cut their target price on shares of Exxon Mobil from $138.00 to $133.00 and set a "buy" rating on the stock in a report on Thursday, December 14th. Jefferies Financial Group raised their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, October 12th. Finally, Morgan Stanley raised their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Monday, October 2nd. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.40. Read more …

Duke Energy (NYSE:DUK) was upgraded by investment analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a report issued on Tuesday, Briefing.com reports. The brokerage currently has a $108.00 price target on the utilities provider's stock, up from their prior price target of $90.00. Evercore ISI's price objective would suggest a potential upside of 13.58% from the company's current price.

Several other equities analysts have also commented on the company. Bank of America lowered their target price on Duke Energy from $104.00 to $103.00 and set a "buy" rating for the company in a report on Friday, December 22nd. JPMorgan Chase & Co. upped their target price on Duke Energy from $98.00 to $101.00 and gave the company a "neutral" rating in a report on Wednesday, November 29th. KeyCorp upped their target price on Duke Energy from $106.00 to $107.00 and gave the company an "overweight" rating in a report on Thursday, January 4th. Morgan Stanley upped their target price on Duke Energy from $93.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, November 21st. Finally, StockNews.com raised Duke Energy from a "sell" rating to a "hold" rating in a report on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $100.67. Read more …

Verizon Communications (NYSE:VZ) was upgraded by research analysts at Daiwa Capital Markets from a "neutral" rating to an "outperform" rating in a report released on Wednesday, Briefing.com reports. The brokerage presently has a $47.00 price objective on the cell phone carrier's stock, up from their prior price objective of $36.00. Daiwa Capital Markets' price target suggests a potential upside of 11.27% from the stock's current price.

Several other equities research analysts have also commented on the stock. KeyCorp raised shares of Verizon Communications from a "sector weight" rating to an "overweight" rating and set a $45.00 price target on the stock in a report on Wednesday, January 3rd. Wolfe Research raised shares of Verizon Communications from a "peer perform" rating to an "outperform" rating and set a $46.00 price target on the stock in a report on Thursday, January 4th. Oppenheimer reiterated an "outperform" rating and issued a $43.00 price objective on shares of Verizon Communications in a research report on Tuesday, December 19th. StockNews.com downgraded shares of Verizon Communications from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Citigroup upped their price objective on shares of Verizon Communications from $42.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.14. Read more …

RTX (NYSE:RTX) was upgraded by equities research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a research note issued to investors on Thursday, Briefing.com reports. The firm currently has a $100.00 price target on the stock, up from their prior price target of $78.00. Bank of America's price objective indicates a potential upside of 11.71% from the company's current price.

Several other research firms have also recently commented on RTX. Royal Bank of Canada increased their price target on shares of RTX from $82.00 to $88.00 and gave the company a "sector perform" rating in a research note on Monday. TheStreet raised RTX from a "c" rating to a "b-" rating in a research note on Tuesday. Robert W. Baird reissued a "neutral" rating and set a $94.00 price objective (up from $88.00) on shares of RTX in a report on Tuesday, January 16th. Alembic Global Advisors began coverage on shares of RTX in a research note on Friday, September 29th. They issued a "neutral" rating and a $81.00 target price on the stock. Finally, Morgan Stanley boosted their price target on shares of RTX from $83.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, RTX has a consensus rating of "Hold" and an average target price of $91.67. Read more ...

Downgrades:

D.R. Horton (NYSE:DHI) was downgraded by research analysts at Seaport Res Ptn from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, PriceTargets.com reports.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group began coverage on shares of D.R. Horton in a research note on Monday, November 27th. They issued a “hold” rating and a $119.00 target price for the company. Keefe, Bruyette & Woods raised shares of D.R. Horton from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $148.00 to $164.00 in a research note on Wednesday, December 13th. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of D.R. Horton in a research note on Tuesday, November 7th. UBS Group boosted their price target on shares of D.R. Horton from $155.00 to $192.00 in a research note on Monday. Finally, Barclays boosted their price target on shares of D.R. Horton from $143.00 to $166.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.22. Read more …

Archer-Daniels-Midland (NYSE:ADM) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday, Briefing.com reports. They currently have a $61.00 price target on the stock, down from their previous price target of $96.00. Robert W. Baird’s price target would indicate a potential downside of 10.54% from the company’s current price.

ADM has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their price objective on shares of Archer-Daniels-Midland from $77.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. StockNews.com raised shares of Archer-Daniels-Midland from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Stephens lowered their price objective on shares of Archer-Daniels-Midland from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 25th. UBS Group lowered their price objective on shares of Archer-Daniels-Midland from $115.00 to $104.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. Finally, BMO Capital Markets lowered shares of Archer-Daniels-Midland from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $90.00 to $80.00 in a research note on Monday, December 18th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $82.00. Read more …

Linde (NYSE:LIN) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Monday, Briefing.com reports. They presently have a $429.00 target price on the basic materials company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 5.31% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. UBS Group dropped their target price on shares of Linde from $450.00 to $445.00 and set a “buy” rating for the company in a report on Thursday, October 12th. Seaport Res Ptn cut shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. HSBC raised their target price on shares of Linde from $440.00 to $447.00 and gave the stock a “buy” rating in a research report on Friday, November 24th. Citigroup raised their price target on shares of Linde from $448.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. Finally, BMO Capital Markets raised their price target on shares of Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $428.86. Read more ...

Home Depot (NYSE:HD) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Monday, Briefing.com reports.

A number of other research analysts have also recently commented on HD. 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 cut their target price on shares of Home Depot from $360.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. TD Cowen lifted their target price on shares of Home Depot from $350.00 to $415.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $351.31. Read more …

Lowe’s Companies (NYSE:LOW) was downgraded by analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Monday, Briefing.com reports.

Other research analysts have also issued research reports about the company. TheStreet lowered Lowe’s Companies from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Morgan Stanley lowered their price target on Lowe’s Companies from $255.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $215.00 price target (down previously from $225.00) on shares of Lowe’s Companies in a research report on Tuesday, November 21st. Barclays upped their price target on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Finally, Wedbush lowered their price target on Lowe’s Companies from $230.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, November 22nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and an average price target of $240.04. Read more ...

Philip Morris International (NYSE:PM) was downgraded by equities researchers at UBS Group from a "buy" rating to a "sell" rating in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $86.50 target price on the stock, down from their prior target price of $105.00. UBS Group's target price points to a potential downside of 6.41% from the company's current price.

Other research analysts have also issued reports about the stock. Jefferies Financial Group decreased their price target on shares of Philip Morris International from $111.00 to $105.00 and set a "buy" rating for the company in a report on Friday, October 13th. Redburn Atlantic began coverage on shares of Philip Morris International in a report on Thursday, November 16th. They issued a "neutral" rating and a $95.00 price target for the company. Morgan Stanley decreased their price target on shares of Philip Morris International from $118.00 to $113.00 and set an "overweight" rating for the company in a report on Monday, October 2nd. Bank of America reduced their target price on shares of Philip Morris International from $118.00 to $111.00 in a research note on Friday, September 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $106.95. Read more …

Chevron (NYSE:CVX) was downgraded by stock analysts at TD Cowen from an "outperform" rating to a "market perform" rating in a report issued on Tuesday, Briefing.com reports. They presently have a $150.00 price target on the oil and gas company's stock, down from their prior price target of $170.00. TD Cowen's target price indicates a potential upside of 5.27% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. BNP Paribas raised Chevron from a "neutral" rating to an "outperform" rating and set a $190.00 price target for the company in a research note on Thursday, October 12th. Sanford C. Bernstein raised Chevron from a "market perform" rating to an "outperform" rating and decreased their price target for the company from $184.00 to $182.00 in a research note on Thursday, November 2nd. Mizuho decreased their target price on Chevron from $215.00 to $195.00 and set a "buy" rating for the company in a research note on Tuesday, November 14th. Jefferies Financial Group raised Chevron from a "hold" rating to a "buy" rating and set a $184.00 target price for the company in a research note on Monday, January 8th. Finally, StockNews.com assumed coverage on Chevron in a research note on Thursday, October 5th. They set a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of "Moderate Buy" and an average price target of $181.53. Read more …

Barclays lowered shares of Danaher (NYSE:DHR) from an overweight rating to an equal weight rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. Barclays currently has $240.00 target price on the conglomerate’s stock.

Several other equities research analysts also recently commented on the stock. TheStreet upgraded shares of Danaher from a c+ rating to a b- rating in a research report on Friday, December 8th. Raymond James cut their target price on shares of Danaher from $250.00 to $240.00 and set an outperform rating for the company in a research report on Wednesday, October 25th. Royal Bank of Canada cut their target price on shares of Danaher from $246.00 to $239.00 and set an outperform rating for the company in a research report on Wednesday, October 25th. The Goldman Sachs Group downgraded shares of Danaher from a buy rating to a neutral rating and cut their target price for the stock from $215.00 to $205.00 in a research report on Thursday, December 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Danaher from $250.00 to $270.00 and gave the stock an overweight rating in a research report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Danaher has an average rating of Moderate Buy and an average price target of $261.07. Read more …

Archive of Upgrades and Downgrades