Notable Analyst Upgrades and Downgrades for Week of May 16 2022

 

Upgrades:

 

Canadian Western Bank (TSE:CWB) was upgraded by research analysts at National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research report issued to clients and investors on Sunday.

A number of other brokerages have also weighed in on CWB. National Bankshares upgraded Canadian Western Bank from a “sector perform” rating to a “buy” rating and set a C$44.00 price objective on the stock in a research report on Monday. TD Securities boosted their price objective on Canadian Western Bank from C$43.00 to C$47.00 in a research report on Tuesday, February 15th. Raymond James boosted their price objective on Canadian Western Bank from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Monday, February 28th. CIBC lowered Canadian Western Bank from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$45.00 to C$38.00 in a research report on Monday, April 11th. Finally, Barclays reduced their price objective on Canadian Western Bank from C$44.00 to C$38.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$42.86. Read more …

 

Essex Property Trust (NYSE:ESS) was upgraded by analysts at The Goldman Sachs Group from a "sell" rating to a "buy" rating in a report issued on Tuesday, The Fly reports. The firm presently has a $338.00 target price on the real estate investment trust's stock, down from their previous target price of $352.00. The Goldman Sachs Group's price objective would indicate a potential upside of 15.80% from the company's current price.

Several other research analysts have also recently issued reports on ESS. TheStreet cut shares of Essex Property Trust from a "b-" rating to a "c+" rating in a report on Friday. Truist Financial cut their target price on shares of Essex Property Trust from $378.00 to $370.00 and set a "buy" rating for the company in a research note on Monday, March 21st. Piper Sandler cut their target price on shares of Essex Property Trust from $420.00 to $400.00 in a research note on Wednesday, May 4th. Morgan Stanley increased their target price on shares of Essex Property Trust from $335.00 to $365.00 and gave the company an "equal weight" rating in a research note on Friday, April 8th. Finally, StockNews.com started coverage on shares of Essex Property Trust in a research note on Thursday, March 31st. They set a "hold" rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $359.00. Read more …

 

Cardinal Health (NYSE:CAH) was upgraded by analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a report issued on Wednesday, Briefing.com reports. The brokerage presently has a $68.00 price target on the stock, up from their prior price target of $55.00. Evercore ISI's target price would suggest a potential upside of 19.93% from the company's current price.

Several other analysts also recently commented on the stock. Credit Suisse Group dropped their target price on shares of Cardinal Health from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, February 4th. StockNews.com cut shares of Cardinal Health from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 6th. TheStreet cut shares of Cardinal Health from a "c+" rating to a "d+" rating in a research note on Thursday, May 5th. Zacks Investment Research raised shares of Cardinal Health from a "sell" rating to a "hold" rating and set a $55.00 price target for the company in a research note on Monday, March 14th. Finally, Morgan Stanley raised shares of Cardinal Health from an "equal weight" rating to an "overweight" rating and set a $74.00 price target for the company in a research note on Tuesday, April 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Cardinal Health has a consensus rating of "Hold" and an average target price of $59.90. Read more …

 

 

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by research analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other brokerages also recently commented on CNI. StockNews.com assumed coverage on Canadian National Railway in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Argus raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Thursday, February 17th. They noted that the move was a valuation call. Desjardins reduced their price objective on Canadian National Railway from C$173.00 to C$172.00 in a research note on Thursday, April 28th. Scotiabank cut their price target on Canadian National Railway from C$174.00 to C$172.00 in a research note on Wednesday, April 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Canadian National Railway from $137.00 to $142.00 and gave the company a "buy" rating in a report on Thursday, January 27th. Seventeen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of "Hold" and a consensus target price of $147.76. Read more …

Dividend Increases Week 11

 

In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)

 

Recently, 12 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period.

 

The table below summarises the dividend change announcements.  The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.

 

 

 

 

 

Innovative Industrial Properties, Inc. (IIPR)

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

On March 14, IIPR declared a quarterly dividend of $1.75 per share.

This is a 16.7% increase from prior dividend of $1.50. 

Payable April 14 for shareholders of record March 31, ex-div March 30.

 

CareTrust REIT, Inc. (CTRE)

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

On March 15, CTRE declared a quarterly dividend of $0.275 per share.

This is a 3.8% increase from prior dividend of $0.265. 

Payable April 15 for shareholders of record March 31, ex-div march 30.

 

MGM Growth Properties LLC (MGP)

MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings.

On March 15, MGP declared a quarterly dividend of $0.53 per share.

This is a 1.0% increase from prior dividend of $0.525. 

Payable April 14 for shareholders of record March 31, ex-div March 30.

 

Fulton Financial Corporation (FULT)

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. Fulton Financial Corporation was incorporated in 1882 and is headquartered in Lancaster, Pennsylvania.

On March 15, FULT declared a quarterly dividend of $0.15 per share.

This is a 7.1% increase from prior dividend of $0.14. 

Payable April 18 for shareholders of record April 1, ex-div March 31.

 

Realty Income Corporation (O)

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index.

On March 15, O declared a quarterly dividend of $0.247 per share.

This is a 0.2% increase from prior dividend of $0.2465. 

Payable April 15 for shareholders of record April 1, ex-div March 31.

 

 

Shoe Carnival, Inc. (SCVL)

Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. It offers various dress, casual, and athletic footwear products for men, women, and children; and accessories, such as socks, belts, shoe care items, handbags, hats, sport bags, backpacks, water bottles, and wallets. As of January 30, 2021, the company operated 383 stores in 35 states and Puerto Rico. It also sells its products through online shopping at shoecarnival.com, as well as through mobile application. The company was founded in 1978 and is headquartered in Evansville, Indiana.

On March 16, SCVL declared a quarterly dividend of $0.09 per share.

This is a 28.6% increase from prior dividend of $0.07. 

Payable April 18 for shareholders of record April 4, ex-div April 1.

 

Williams-Sonoma, Inc. (WSM)

Williams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

On March 16, WSM declared a quarterly dividend of $0.78 per share.

This is a 9.9% increase from prior dividend of $0.71. 

Payable May 27 for shareholders of record April 22, ex-div April 21.

 

Investar Holding Corporation (ISTR)

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services. Investar Holding Corporation was founded in 2006 and is headquartered in Baton Rouge, Louisiana.

On March 16, ISTR declared a quarterly dividend of $0.085 per share.

This is a 6.3% increase from prior dividend of $0.08. 

Payable April 29 for shareholders of record March 31, ex-div March 30.

 

Dollar General Corporation (DG)

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.

On March 17, DG declared a quarterly dividend of $0.55 per share.

This is a 31.0% increase from prior dividend of $0.42. 

Payable April 19 for shareholders of record April 5, ex-div April 4.

 

Independent Bank Corp. (INDB)

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

On March 17, INDB declared a quarterly dividend of $0.51 per share.

This is a 6.37% increase from prior dividend of $0.48. 

Payable April 8 for shareholders of record March 28, ex-div March 25.

 

 

UDR, Inc. (UDR)

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S. markets. As of September 30, 2020, UDR owned or had an ownership position in 51,649 apartment homes including 1,031 homes under development. For over 48 years, UDR has delivered long-term value to shareholders, the best standard of service to Residents and the highest quality experience for Associates.

On March 17, UDR declared a quarterly dividend of $0.38 per share.

This is a 4.8% increase from prior dividend of $0.3625. 

Payable May 2 for shareholders of record April 11, ex-div April 8.

 

Medifast, Inc. (MED)

Medifast, Inc., through its subsidiaries, manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products in the United States and the Asia-Pacific. The company offers bars, bites, pretzels, puffs, cereal crunch, drinks, hearty choices, oatmeal, pancakes, pudding, soft serves, shakes, smoothies, soft bakes, and soups under the OPTAVIA, Optimal Health by Take Shape for Life, and Flavors of Home brands. It markets its products through point-of-sale transactions over ecommerce platform. The company was founded in 1980 and is headquartered in Baltimore, Maryland.

On March 17, MED declared a quarterly dividend of $1.64 per share.

This is a 15.5% increase from prior dividend of $1.42. 

Payable May 9 for shareholders of record March 29, ex-div March 28.

 

Notable Analyst Upgrades and Downgrades for Week of February 21 2022

 

Upgrades:

 

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday, Briefing.com reports. The brokerage presently has a $60.00 target price on the business services provider’s stock, down from their prior target price of $69.00. Royal Bank of Canada’s price target would indicate a potential upside of 17.00% from the stock’s current price.

RBA has been the topic of a number of other reports. OTR Global reissued a “negative” rating on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, November 2nd. Raymond James decreased their price objective on shares of Ritchie Bros. Auctioneers from $60.00 to $57.00 and set a “market perform” rating on the stock in a research note on Friday. Zacks Investment Research cut shares of Ritchie Bros. Auctioneers from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 27th. TD Securities raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and decreased their price objective for the company from $69.00 to $64.00 in a research note on Thursday, January 6th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, November 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Ritchie Bros. Auctioneers has a consensus rating of “Hold” and a consensus price target of $61.00. Read more …

 

Sysco (NYSE:SYY) was upgraded by analysts at Argus from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday, The Fly reports.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their price target on Sysco from $90.00 to $88.00 and set a "neutral" rating on the stock in a research report on Friday, December 17th. Barclays upgraded Sysco from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $80.00 to $86.00 in a research report on Wednesday, December 15th. Truist Financial started coverage on Sysco in a research report on Tuesday, February 1st. They issued a "buy" rating and a $89.00 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Sysco in a research report on Tuesday, January 4th. They issued a "hold" rating and a $82.00 target price on the stock. Finally, Morgan Stanley lifted their target price on Sysco from $85.00 to $86.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 9th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $87.63. Read more …

 

American Water Works (NYSE:AWK) was upgraded by investment analysts at HSBC to a "buy" rating in a report released on Wednesday, Stock Target Advisor reports. The brokerage currently has a $182.00 target price on the utilities provider's stock, down from their prior target price of $190.00. HSBC's price objective indicates a potential upside of 23.11% from the company's previous close.

A number of other equities research analysts also recently issued reports on AWK. The Goldman Sachs Group downgraded American Water Works from a "buy" rating to a "neutral" rating and lowered their price target for the company from $191.00 to $177.00 in a research report on Wednesday, November 3rd. Wells Fargo & Company decreased their target price on American Water Works from $170.00 to $162.00 and set an "underweight" rating for the company in a research report on Wednesday, January 19th. UBS Group raised American Water Works from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $164.00 to $161.00 in a research report on Monday, February 7th. Zacks Investment Research raised American Water Works from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research report on Wednesday, February 9th. Finally, JPMorgan Chase & Co. downgraded American Water Works from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $172.00 to $171.00 in a research report on Friday, January 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $174.60. Read more …

 

 

Intel (NASDAQ:INTC) was upgraded by research analysts at Raymond James to a “market perform” rating in a research note issued to investors on Wednesday, Stock Target Advisor reports.

Other analysts also recently issued reports about the company. Bank of America lowered their price target on Intel from $55.00 to $52.00 and set an “underperform” rating for the company in a research report on Thursday, January 27th. Sanford C. Bernstein set a $40.00 price target on Intel in a research report on Tuesday, February 15th. Citigroup lowered their price target on Intel from $58.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, January 27th. BMO Capital Markets decreased their target price on Intel from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, February 18th. Finally, Morgan Stanley set a $55.00 target price on Intel in a research report on Tuesday, December 7th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.07. Read more …

 

Dollar General (NYSE:DG) was upgraded by equities researchers at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Friday, Briefing.com reports. The firm currently has a $220.00 price objective on the stock. Wells Fargo & Company's price objective indicates a potential upside of 15.30% from the stock's current price.

DG has been the subject of several other reports. Truist Financial started coverage on Dollar General in a research report on Thursday, January 13th. They issued a "hold" rating and a $228.00 target price for the company. BMO Capital Markets reiterated a "buy" rating and issued a $250.00 price objective on shares of Dollar General in a report on Friday, December 3rd. Morgan Stanley downgraded shares of Dollar General from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $250.00 to $225.00 in a research report on Tuesday, January 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Dollar General from $254.00 to $251.00 and set a "buy" rating on the stock in a report on Friday, December 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $239.89. Read more …

 

Home Depot (NYSE:HD) was upgraded by Edward Jones from a "hold" rating to a "buy" rating in a report issued on Friday, FinViz reports.

HD has been the topic of a number of other research reports. Robert W. Baird reduced their price objective on Home Depot from $425.00 to $380.00 in a research note on Tuesday. Barclays upped their price objective on Home Depot from $350.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 17th. TheStreet downgraded Home Depot from a "b" rating to a "c+" rating in a report on Tuesday. Credit Suisse Group upped their price objective on Home Depot from $357.00 to $450.00 and gave the company an "outperform" rating in a report on Thursday, November 18th. Finally, Evercore ISI increased their price target on Home Depot from $385.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, November 17th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Buy" and an average price target of $394.48. Read more …

 

 

 

Downgrades:

 

Eversource Energy (NYSE:ES) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, Analyst Ratings Network reports. They currently have a $80.00 price target on the utilities provider’s stock. Bank of America‘s target price points to a potential downside of 1.17% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Morgan Stanley dropped their price objective on shares of Eversource Energy from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, February 18th. Wells Fargo & Company reduced their price objective on shares of Eversource Energy from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday. Mizuho raised Eversource Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $82.00 to $87.00 in a research report on Thursday, October 28th. BMO Capital Markets lowered Eversource Energy from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research report on Monday, January 10th. Finally, StockNews.com downgraded Eversource Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.00. Read more …

 

Notable Analyst Upgrades and Downgrades for Week of January 3 2022 (Part 2)

 

Upgrades:

 

Kimco Realty (NYSE:KIM) was upgraded by analysts at Argus from a "hold" rating to a "buy" rating in a research report issued on Wednesday, Analyst Ratings Network reports. The brokerage currently has a $27.00 target price on the real estate investment trust's stock. Argus' price objective indicates a potential upside of 7.02% from the stock's previous close.

KIM has been the topic of a number of other research reports. Evercore ISI upgraded Kimco Realty from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $24.00 to $26.00 in a research report on Monday, November 22nd. Wolfe Research initiated coverage on Kimco Realty in a research report on Thursday, September 23rd. They issued a "market perform" rating and a $24.00 target price on the stock. Citigroup lifted their target price on Kimco Realty from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, December 2nd. Truist lifted their target price on Kimco Realty from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Friday, December 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Kimco Realty from a "buy" rating to a "hold" rating and boosted their price objective for the company from $24.00 to $26.00 in a report on Monday. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $25.60. Read more …

 

MetLife (NYSE:MET) was upgraded by Evercore ISI from an "in-line" rating to an "outperform" rating in a report issued on Wednesday, Price Targets.com reports. The brokerage presently has a $75.00 price objective on the financial services provider's stock, up from their previous price objective of $67.00. Evercore ISI's price objective suggests a potential upside of 15.49% from the company's current price.

Several other research analysts also recently weighed in on MET. The Goldman Sachs Group assumed coverage on shares of MetLife in a research report on Thursday, December 2nd. They issued a "buy" rating and a $77.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of MetLife from $75.00 to $74.00 and set an "overweight" rating on the stock in a research report on Tuesday. Barclays boosted their price objective on shares of MetLife from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Tuesday, October 12th. Finally, Morgan Stanley boosted their price objective on shares of MetLife from $74.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, October 14th. Thirteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, MetLife has an average rating of "Buy" and an average price target of $69.29. Read more …

 

Pfizer (NYSE:PFE) was upgraded by Bank of America from a "neutral" rating to a "buy" rating in a report released on Wednesday, The Fly reports.

Several other research firms have also weighed in on PFE. Sanford C. Bernstein raised their price objective on shares of Pfizer from $44.00 to $65.00 and gave the company a "market perform" rating in a research report on Monday. UBS Group upgraded shares of Pfizer from a "neutral" rating to a "buy" rating and raised their target price for the stock from $52.00 to $60.00 in a report on Monday, December 13th. Truist raised their target price on shares of Pfizer from $43.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, November 24th. JPMorgan Chase & Co. set a $53.00 target price on shares of Pfizer in a report on Monday, December 13th. Finally, Barclays set a $54.00 target price on shares of Pfizer in a report on Tuesday. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $56.15. Read more …

 

 

Suncor Energy (NYSE:SU) (TSE:SU) was upgraded by equities research analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report released on Wednesday, The Fly reports.

A number of other analysts have also recently commented on SU. Credit Suisse Group upped their price objective on shares of Suncor Energy from C$36.00 to C$42.00 and gave the company an "outperform" rating in a research report on Tuesday, November 2nd. BMO Capital Markets upped their price objective on shares of Suncor Energy from C$39.00 to C$43.00 and gave the company an "outperform" rating in a research report on Friday, October 29th. TD Securities increased their target price on Suncor Energy from C$39.00 to C$40.00 and gave the stock a "buy" rating in a report on Thursday, October 28th. Scotiabank increased their target price on Suncor Energy from C$33.00 to C$37.00 and gave the stock an "outperform" rating in a report on Friday, November 19th. Finally, JPMorgan Chase & Co. upgraded Suncor Energy from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $29.00 to $39.00 in a report on Thursday, October 28th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $37.86. Read more …

Notable Analyst Upgrades and Downgrades for Week of August 16, 2021

 

Upgrades:

 

Compass Minerals International (NYSE:CMP) was upgraded by investment analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a research note issued on Tuesday, The Fly reports.

Several other research firms have also recently issued reports on CMP. CL King raised Compass Minerals International from a "neutral" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Wednesday, July 14th. Zacks Investment Research cut Compass Minerals International from a "hold" rating to a "sell" rating in a research note on Tuesday, July 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Compass Minerals International has a consensus rating of "Hold" and an average target price of $62.60.

CMP stock opened at $67.71 on Tuesday. The stock's fifty day simple moving average is $64.68. The company has a debt-to-equity ratio of 9.60, a quick ratio of 1.50 and a current ratio of 2.06. The firm has a market capitalization of $2.30 billion, a PE ratio of -16.51 and a beta of 1.63. Compass Minerals International has a 52-week low of $54.24 and a 52-week high of $72.00. Read more …

 

ViacomCBS (NASDAQ:VIAC) was upgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a $50.00 price target on the stock, up from their prior price target of $45.00. Wells Fargo & Company‘s price target would indicate a potential upside of 28.11% from the company’s current price.

Other equities analysts have also issued research reports about the company. decreased their target price on ViacomCBS from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, May 21st. Royal Bank of Canada upgraded ViacomCBS from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $26.00 to $52.00 in a report on Friday, May 7th. BMO Capital Markets dropped their price objective on ViacomCBS from $55.00 to $48.00 and set a “market perform” rating on the stock in a report on Monday, May 10th. Moffett Nathanson upgraded ViacomCBS from a “sell” rating to a “neutral” rating in a report on Monday, April 26th. Finally, Deutsche Bank Aktiengesellschaft raised ViacomCBS from a “sell” rating to a “hold” rating and upped their target price for the company from $32.00 to $45.00 in a research report on Friday, August 6th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.96. Read more …

 

The Wendy’s (NASDAQ:WEN) was upgraded by equities research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, The Fly reports.

Several other equities research analysts also recently issued reports on WEN. TheStreet upgraded The Wendy’s from a “c+” rating to a “b” rating in a report on Friday, May 7th. Morgan Stanley boosted their price objective on The Wendy’s from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, August 12th. Wedbush boosted their price objective on The Wendy’s from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Wednesday, May 12th. MKM Partners boosted their price objective on The Wendy’s from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, August 12th. Finally, Zacks Investment Research downgraded The Wendy’s from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Wednesday, June 9th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.73. Read more …

 

 

Apple (NASDAQ:AAPL) was upgraded by equities researchers at JPMorgan Chase & Co. to an “overweight” rating in a research note issued on Thursday, The Fly reports. The brokerage currently has a $180.00 target price on the iPhone maker’s stock, up from their previous target price of $175.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 23.86% from the company’s previous close.

AAPL has been the subject of several other research reports. UBS Group raised their price target on Apple from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Wedbush raised their price target on Apple from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Raymond James raised their price target on Apple from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Oppenheimer raised their price target on Apple from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Finally, Fundamental Research raised their price target on Apple from $144.27 to $163.99 and gave the stock a “buy” rating in a report on Tuesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $156.74. Read more …

Notable Analyst Upgrades and Downgrades for Week of May 24, 2021

 

Upgrades:

 

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, The Fly reports.

A number of other brokerages have also weighed in on CNI. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company increased their price objective on Canadian National Railway from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 27th. BMO Capital Markets dropped their target price on Canadian National Railway from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, March 22nd. Desjardins decreased their price target on shares of Canadian National Railway from $150.00 to $146.00 and set a “hold” rating on the stock in a research note on Thursday, January 28th. Finally, National Bank Financial reiterated a “sector perform” rating on shares of Canadian National Railway in a research note on Wednesday, April 21st. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Canadian National Railway has a consensus rating of “Hold” and a consensus target price of $128.94. Read more …

 

ONEOK (NYSE:OKE) was upgraded by stock analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a report issued on Wednesday, The Fly reports. The brokerage currently has a $55.00 price objective on the utilities provider's stock. Morgan Stanley's target price indicates a potential upside of 4.44% from the company's current price.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada raised their price target on shares of ONEOK from $49.00 to $54.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 4th. TheStreet raised ONEOK from a "c+" rating to a "b-" rating in a research note on Wednesday, April 28th. Credit Suisse Group lifted their target price on shares of ONEOK from $49.00 to $53.00 and gave the company a "neutral" rating in a research note on Monday, May 17th. Mizuho increased their price target on shares of ONEOK from $44.00 to $49.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 7th. They noted that the move was a valuation call. Finally, Raymond James lifted their price objective on shares of ONEOK from $47.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday, April 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of "Hold" and an average price target of $42.76. Read more …

 

Johnson Controls International (NYSE:JCI) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday, The Fly reports. The brokerage currently has a $75.00 price target on the stock, up from their prior price target of $67.00. Barclays‘s target price would indicate a potential upside of 15.49% from the stock’s current price.

A number of other equities analysts also recently commented on JCI. Morgan Stanley lifted their target price on shares of Johnson Controls International from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 10th. UBS Group raised shares of Johnson Controls International to a “buy” rating and lifted their target price for the stock from $57.00 to $70.00 in a research note on Thursday, April 22nd. Robert W. Baird lifted their target price on shares of Johnson Controls International from $56.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Johnson Controls International from $62.00 to $68.00 and gave the company a “hold” rating in a research report on Monday, May 3rd. Finally, Credit Suisse Group lifted their price target on shares of Johnson Controls International from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, May 10th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Johnson Controls International presently has a consensus rating of “Buy” and a consensus target price of $55.78. Read more …

Notable Analyst Upgrades and Downgrades for Week of May 10, 2021

 

Upgrades:

 

NIKE (NYSE:NKE) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Tuesday, The Fly reports. The brokerage currently has a $192.00 target price on the footwear maker’s stock, up from their prior target price of $140.00. Jefferies Financial Group’s price objective indicates a potential upside of 40.76% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Barclays reissued a “buy” rating and set a $174.00 target price on shares of NIKE in a research report on Friday, March 19th. Cowen boosted their target price on shares of NIKE from $170.00 to $173.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 23rd. Pivotal Research upped their price target on shares of NIKE from $160.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, March 16th. KeyCorp upped their price target on shares of NIKE from $174.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, January 25th. Finally, Zacks Investment Research cut shares of NIKE from a “buy” rating to a “hold” rating and set a $146.00 price target on the stock. in a report on Monday, March 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $161.31. Read more …

 

Vodafone Group (NASDAQ:VOD) was upgraded by equities research analysts at The Goldman Sachs Group from a "buy" rating to a "conviction-buy" rating in a research report issued on Tuesday, The Fly reports.

A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley started coverage on shares of Vodafone Group in a research note on Thursday, March 25th. They set an "overweight" rating on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Vodafone Group in a research note on Friday. Barclays restated an "overweight" rating on shares of Vodafone Group in a research note on Thursday, February 4th. Zacks Investment Research cut shares of Vodafone Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 9th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Vodafone Group in a research report on Thursday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. The company currently has a consensus rating of "Buy" and an average target price of $18.00.

Shares of NASDAQ VOD opened at $20.19 on Tuesday. Vodafone Group has a fifty-two week low of $13.14 and a fifty-two week high of $20.36. The firm's 50-day simple moving average is $18.91 and its 200 day simple moving average is $17.53. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 1.03. The stock has a market cap of $56.98 billion, a P/E ratio of 32.56, a P/E/G ratio of 1.16 and a beta of 0.97. Read more …

 

Eastman Chemical (NYSE:EMN) was upgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports. The firm currently has a $148.00 target price on the basic materials company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 18.51% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company increased their target price on shares of Eastman Chemical from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, February 2nd. Zacks Investment Research lowered shares of Eastman Chemical from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Thursday, January 28th. Tudor Pickering lowered shares of Eastman Chemical from a “buy” rating to a “hold” rating and set a $117.00 target price on the stock. in a report on Monday, May 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Eastman Chemical from $115.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, March 22nd. Finally, KeyCorp increased their target price on shares of Eastman Chemical from $126.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $109.23. Read more …

 

 

Ventas (NYSE:VTR) was upgraded by equities researchers at Robert W. Baird from a "neutral" rating to an "outperform" rating in a note issued to investors on Thursday, The Fly reports.

A number of other equities research analysts have also weighed in on the company. KeyCorp raised Ventas from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $49.00 to $60.00 in a report on Thursday. Morgan Stanley upped their price objective on Ventas from $52.00 to $58.00 and gave the stock an "equal weight" rating in a report on Monday, March 22nd. Zacks Investment Research upgraded Ventas from a "strong sell" rating to a "hold" rating and set a $58.00 price objective for the company in a research report on Thursday, April 8th. Mizuho boosted their target price on shares of Ventas from $38.00 to $45.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 9th. Finally, Royal Bank of Canada increased their price target on shares of Ventas from $54.00 to $58.00 and gave the company an "outperform" rating in a report on Tuesday, March 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of "Hold" and a consensus price target of $48.47. Read more …

Notable Analyst Upgrades and Downgrades for Week of March 22, 2021

 

Upgrades:

 

Kansas City Southern (NYSE:KSU) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Monday, Briefing.com reports. The firm presently has a $275.00 price objective on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 22.68% from the company’s previous close.

A number of other brokerages have also weighed in on KSU. Morgan Stanley raised their price objective on Kansas City Southern from $142.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, January 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of Kansas City Southern from $220.00 to $250.00 in a research report on Monday, January 11th. Smith Barney Citigroup upped their price target on shares of Kansas City Southern from $220.00 to $250.00 in a report on Monday, January 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kansas City Southern from $197.00 to $212.00 and gave the company a “hold” rating in a research note on Thursday, January 28th. Finally, BMO Capital Markets boosted their target price on shares of Kansas City Southern from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Monday, January 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $208.10. Read more …

 

Dollar General (NYSE:DG) was upgraded by research analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating in a research note issued on Monday, Benzinga reports. The brokerage presently has a $243.00 price target on the stock. Atlantic Securities’ price target would suggest a potential upside of 29.41% from the stock’s previous close.

A number of other equities research analysts have also commented on DG. Deutsche Bank Aktiengesellschaft upgraded Dollar General from a “hold” rating to a “buy” rating and increased their price target for the stock from $214.00 to $241.00 in a research report on Tuesday, February 9th. Smith Barney Citigroup increased their price target on Dollar General from $235.00 to $250.00 in a research report on Friday, December 4th. KeyCorp decreased their price target on Dollar General from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank of Canada decreased their price objective on Dollar General from $239.00 to $206.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Morgan Stanley increased their price objective on Dollar General from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, December 7th. Three research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Dollar General presently has a consensus rating of “Buy” and a consensus price target of $228.16. Read more …

 

PepsiCo (NASDAQ:PEP) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, Briefing.com reports. The firm presently has a $151.00 price objective on the stock. Barclays‘s price objective would suggest a potential upside of 12.27% from the stock’s current price.

PEP has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $143.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, February 3rd. Wells Fargo & Company assumed coverage on shares of PepsiCo in a report on Monday, December 7th. They set an “equal weight” rating and a $157.00 price objective on the stock. Sanford C. Bernstein assumed coverage on shares of PepsiCo in a report on Tuesday, January 19th. They set an “underperform” rating and a $136.00 price objective for the company. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Friday, February 12th. Finally, Royal Bank of Canada cut shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a report on Monday, January 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $146.53. Read more …

 

 

Texas Instruments (NASDAQ:TXN) was upgraded by equities researchers at Longbow Research from a "neutral" rating to a "buy" rating in a research note issued to investors on Tuesday, Briefing.com reports.

TXN has been the topic of a number of other research reports. Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, January 27th. Jefferies Financial Group lifted their price target on Texas Instruments from $185.00 to $206.00 and gave the stock a "buy" rating in a research report on Wednesday, January 27th. Barclays boosted their price objective on Texas Instruments from $140.00 to $155.00 and gave the company an "underweight" rating in a research note on Tuesday, January 26th. They noted that the move was a valuation call. Royal Bank of Canada raised their target price on shares of Texas Instruments from $155.00 to $180.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 27th. Finally, Rosenblatt Securities upped their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, January 27th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company's stock. The stock presently has an average rating of "Hold" and a consensus target price of $167.78. Read more …