Notable Analyst Upgrades and Downgrades for Week of January 29, 2024

 


 

Upgrades:



Sanford C. Bernstein upgraded shares of Hershey (NYSE:HSY) from a market perform rating to an outperform rating in a report released on Monday, Marketbeat.com reports. They currently have $235.00 price target on the stock.

Other equities research analysts have also issued reports about the company. Stephens initiated coverage on Hershey in a research note on Friday, October 13th. They set an overweight rating and a $240.00 price objective for the company. StockNews.com assumed coverage on Hershey in a research report on Thursday, October 5th. They issued a hold rating for the company. DA Davidson assumed coverage on Hershey in a research report on Friday, December 8th. They issued a neutral rating and a $205.00 price target for the company. Piper Sandler lowered Hershey from an overweight rating to a neutral rating and dropped their price target for the company from $240.00 to $200.00 in a research report on Wednesday, November 29th. Finally, Morgan Stanley dropped their price target on Hershey from $245.00 to $186.00 and set an equal weight rating for the company in a research report on Friday, October 27th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Hershey currently has a consensus rating of Hold and an average target price of $236.27. Read more …



Colgate-Palmolive (NYSE:CL) was upgraded by stock analysts at Raymond James from a "market perform" rating to an "outperform" rating in a research report issued on Monday, Briefing.com reports.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley decreased their price objective on shares of Colgate-Palmolive from $89.00 to $85.00 and set an "overweight" rating for the company in a research report on Monday, October 30th. Royal Bank of Canada lifted their price objective on Colgate-Palmolive from $79.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Monday, October 30th. Citigroup dropped their price objective on Colgate-Palmolive from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, October 11th. StockNews.com raised Colgate-Palmolive from a "hold" rating to a "buy" rating in a research note on Monday, October 30th. Finally, Bank of America raised Colgate-Palmolive from a "neutral" rating to a "buy" rating and set a $90.00 price target on the stock in a research note on Friday, December 15th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.93. Read more ...



Morgan Stanley upgraded shares of The Goldman Sachs Group (NYSE:GS) from an equal weight rating to an overweight rating in a research report report published on Tuesday, MarketBeat.com reports. They currently have $449.00 price target on the investment management company’s stock, up from their prior price target of $333.00.

Several other equities analysts have also commented on the stock. Oppenheimer upped their price objective on shares of The Goldman Sachs Group from $481.00 to $491.00 and gave the stock an outperform rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $398.00 to $421.00 and gave the stock an overweight rating in a report on Tuesday, January 9th. BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a market perform rating in a report on Thursday, January 18th. JMP Securities reiterated a market outperform rating and set a $440.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, January 17th. Finally, StockNews.com began coverage on shares of The Goldman Sachs Group in a report on Thursday, October 5th. They issued a hold rating on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $409.93. Read more …



Bank of America (NYSE:BAC) was upgraded by investment analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has a $41.00 price objective on the financial services provider's stock, up from their previous price objective of $32.00. Morgan Stanley's price objective suggests a potential upside of 21.95% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Bank of America from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, December 1st. Barclays boosted their target price on shares of Bank of America from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, January 2nd. Odeon Capital Group cut shares of Bank of America from a "buy" rating to a "hold" rating and set a $33.90 target price for the company. in a research report on Tuesday, January 16th. Jefferies Financial Group reduced their target price on shares of Bank of America from $31.00 to $28.00 in a research report on Tuesday, October 10th. Finally, Oppenheimer reduced their target price on shares of Bank of America from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.73. Read more ...



Morgan Stanley upgraded shares of Bank of New York Mellon (NYSE:BK) from an underweight rating to an equal weight rating in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have $62.00 price objective on the bank’s stock, up from their previous price objective of $52.00.

Several other research analysts also recently weighed in on the company. StockNews.com assumed coverage on Bank of New York Mellon in a report on Thursday, October 5th. They issued a hold rating for the company. Evercore ISI cut their target price on Bank of New York Mellon from $47.00 to $45.00 in a research report on Thursday, October 5th. Bank of America cut their target price on Bank of New York Mellon from $55.00 to $53.00 in a research report on Tuesday, October 10th. JPMorgan Chase & Co. raised Bank of New York Mellon from a neutral rating to an overweight rating and set a $54.50 target price on the stock in a research report on Monday, December 18th. Finally, UBS Group increased their target price on Bank of New York Mellon from $54.00 to $62.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $53.75. Read more …




Downgrades:



Morgan Stanley lowered shares of Norfolk Southern (NYSE:NSC) from an equal weight rating to an underweight rating in a research note published on Monday morning, MarketBeat Ratings reports. The firm currently has $175.00 target price on the railroad operator’s stock, down from their prior target price of $185.00.

A number of other equities research analysts also recently weighed in on the stock. Citigroup reduced their price target on shares of Norfolk Southern from $235.00 to $225.00 and set a buy rating on the stock in a research note on Thursday, October 26th. Stifel Nicolaus downgraded shares of Norfolk Southern from a buy rating to a hold rating and cut their target price for the stock from $250.00 to $233.00 in a research report on Monday. TheStreet upgraded shares of Norfolk Southern from a c+ rating to a b- rating in a research report on Thursday, December 21st. TD Cowen downgraded shares of Norfolk Southern from an outperform rating to a market perform rating and lifted their target price for the stock from $233.00 to $236.00 in a research report on Monday. Finally, Royal Bank of Canada cut their target price on shares of Norfolk Southern from $223.00 to $201.00 and set a sector perform rating on the stock in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $235.35. Read more …



Albemarle (NYSE:ALB) was downgraded by TD Cowen from an "outperform" rating to a "market perform" rating in a report released on Monday, MarketBeat.com reports. They presently have a $130.00 price target on the specialty chemicals company's stock, down from their previous price target of $220.00. TD Cowen's price target indicates a potential upside of 8.48% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on ALB. Wells Fargo & Company reduced their price objective on Albemarle from $260.00 to $210.00 and set an "overweight" rating for the company in a research note on Monday, October 9th. TheStreet downgraded Albemarle from a "b-" rating to a "c+" rating in a report on Monday, November 6th. Piper Sandler lowered shares of Albemarle from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $140.00 to $128.00 in a research note on Tuesday, December 5th. Mizuho dropped their target price on Albemarle from $152.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada dropped their target price on Albemarle from $212.00 to $163.00 and set an "outperform" rating on the stock in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $205.42. Read more ...



Susquehanna cut shares of KLA (NASDAQ:KLAC) from a positive rating to a neutral rating in a research report sent to investors on Monday, MarketBeat reports. They currently have $675.00 price target on the semiconductor company’s stock, up from their prior price target of $640.00.

Other research analysts have also recently issued research reports about the stock. Evercore ISI boosted their price target on shares of KLA from $550.00 to $560.00 in a report on Thursday, October 5th. Berenberg Bank increased their price target on shares of KLA from $670.00 to $690.00 and gave the stock a buy rating in a research note on Friday. Wells Fargo & Company increased their price target on shares of KLA from $670.00 to $705.00 and gave the stock an overweight rating in a research note on Friday. Stifel Nicolaus increased their price target on shares of KLA from $535.00 to $625.00 and gave the stock a buy rating in a research note on Tuesday, January 16th. Finally, Redburn Atlantic began coverage on shares of KLA in a research note on Wednesday, November 22nd. They set a neutral rating and a $550.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, KLA has a consensus rating of Hold and an average target price of $607.50. Read more …



National Bank Financial downgraded shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) from an outperform rating to a sector perform rating in a research report released on Tuesday morning, MarketBeat Ratings reports.

A number of other analysts have also recently commented on BIP. BMO Capital Markets boosted their price target on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an outperform rating in a research report on Wednesday, January 10th. Raymond James lowered their price objective on Brookfield Infrastructure Partners from $45.00 to $40.00 and set a strong-buy rating on the stock in a research report on Thursday, November 2nd. National Bankshares raised Brookfield Infrastructure Partners from a sector perform rating to an outperform rating and lowered their price objective for the company from $38.00 to $33.00 in a research report on Thursday, October 19th. Scotiabank lowered their price objective on Brookfield Infrastructure Partners from $44.00 to $38.00 and set an outperform rating on the stock in a research report on Wednesday, October 25th. Finally, TD Securities lowered their price objective on Brookfield Infrastructure Partners from $50.00 to $45.00 and set a buy rating on the stock in a research report on Tuesday, October 24th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $38.56. Read more …



HSBC lowered shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) from a buy rating to a hold rating in a report issued on Thursday, MarketBeat reports.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada upped their price objective on Brookfield Asset Management from $41.00 to $49.00 and gave the company an outperform rating in a report on Friday, January 5th. Keefe, Bruyette & Woods dropped their price objective on Brookfield Asset Management from $33.00 to $31.00 and set an underperform rating for the company in a report on Wednesday, October 11th. CIBC increased their price target on Brookfield Asset Management from $40.00 to $47.00 and gave the stock an outperform rating in a report on Monday. TD Securities lowered their price target on Brookfield Asset Management from $52.00 to $49.00 and set an action list buy rating for the company in a report on Tuesday, January 9th. Finally, Scotiabank increased their price target on Brookfield Asset Management from $37.50 to $42.00 and gave the stock an outperform rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield Asset Management has an average rating of Moderate Buy and a consensus target price of $41.59. Read more ...




Corning (NYSE:GLW) was downgraded by HSBC from a "hold" rating to a "reduce" rating in a research report issued on Thursday, FinViz reports. They currently have a $29.00 target price on the electronics maker's stock. HSBC's target price suggests a potential downside of 10.74% from the stock's previous close.

A number of other research firms also recently issued reports on GLW. Oppenheimer reduced their price target on shares of Corning from $42.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of Corning from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Wednesday, October 25th. Citigroup cut their price objective on Corning from $39.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday, October 25th. UBS Group lifted their price objective on Corning from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, January 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Corning from a "buy" rating to a "hold" rating and cut their price objective for the stock from $37.00 to $30.00 in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $34.30. Read more …



QUALCOMM (NASDAQ:QCOM) was downgraded by Citigroup from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They currently have a $160.00 price objective on the wireless technology company's stock. Citigroup's target price would indicate a potential upside of 7.74% from the company's current price.

QCOM has been the subject of a number of other research reports. Morgan Stanley cut QUALCOMM from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $119.00 to $132.00 in a research report on Friday, December 8th. Cantor Fitzgerald began coverage on QUALCOMM in a research report on Tuesday, January 23rd. They issued a "neutral" rating and a $150.00 price target for the company. Susquehanna boosted their price target on QUALCOMM from $130.00 to $140.00 and gave the stock a "positive" rating in a research report on Thursday, November 2nd. Rosenblatt Securities reissued a "buy" rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. raised their target price on QUALCOMM from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $145.35. Read more …



Redburn Atlantic downgraded shares of PPG Industries (NYSE:PPG) from a buy rating to a neutral rating in a research note published on Thursday, Marketbeat.com reports. They currently have $160.00 target price on the specialty chemicals company’s stock.

Several other brokerages also recently issued reports on PPG. Robert W. Baird reaffirmed an outperform rating and issued a $150.00 price target on shares of PPG Industries in a report on Friday, January 19th. UBS Group upped their price objective on shares of PPG Industries from $165.00 to $172.00 and gave the company a buy rating in a research note on Thursday, January 11th. Barclays raised shares of PPG Industries from an equal weight rating to an overweight rating and set a $160.00 price objective on the stock in a research note on Wednesday, October 11th. Citigroup reduced their price objective on shares of PPG Industries from $154.00 to $152.00 and set a buy rating on the stock in a research note on Friday, October 20th. Finally, Royal Bank of Canada reduced their price objective on shares of PPG Industries from $158.00 to $156.00 and set a sector perform rating on the stock in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $158.93. Read more ...



JPMorgan Chase & Co. downgraded shares of WEC Energy Group (NYSE:WEC) from a neutral rating to an underweight rating in a research note released on Friday, MarketBeat Ratings reports. The brokerage currently has $84.00 price objective on the utilities provider’s stock, down from their prior price objective of $90.00.

Several other equities analysts have also weighed in on the stock. Barclays cut their price objective on shares of WEC Energy Group from $82.00 to $79.00 and set an underweight rating on the stock in a report on Monday, January 22nd. KeyCorp increased their price objective on shares of WEC Energy Group from $94.00 to $95.00 and gave the company an overweight rating in a report on Thursday, January 4th. Bank of America restated an underperform rating and issued a $78.00 price objective (down from $84.00) on shares of WEC Energy Group in a report on Thursday, January 4th. StockNews.com lowered shares of WEC Energy Group from a hold rating to a sell rating in a report on Saturday, January 13th. Finally, Guggenheim cut their target price on shares of WEC Energy Group from $94.00 to $84.00 in a report on Monday, October 9th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $86.92. Read more …



Tractor Supply (NASDAQ:TSCO) was downgraded by investment analysts at Raymond James from a "strong-buy" rating to an "outperform" rating in a research note issued to investors on Friday, FinViz reports. They presently have a $250.00 price objective on the specialty retailer's stock, up from their prior price objective of $230.00. Raymond James' price target suggests a potential upside of 6.43% from the stock's previous close.

A number of other research firms have also recently issued reports on TSCO. Bank of America cut Tractor Supply from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $207.00 to $171.00 in a research report on Friday, December 15th. Telsey Advisory Group lifted their target price on Tractor Supply from $230.00 to $245.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. Oppenheimer cut Tractor Supply from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $280.00 to $210.00 in a research report on Friday, October 13th. Citigroup reduced their price target on Tractor Supply from $207.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, November 1st. Finally, Morgan Stanley restated an "underweight" rating and set a $195.00 price target on shares of Tractor Supply in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $233.42. Read more …



Archive of Upgrades and Downgrades



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