Notable Analyst Upgrades and Downgrades for Week of January 31 2022

 

Upgrades:

 

Consolidated Edison (NYSE:ED) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a report released on Monday, Briefing.com reports.

Several other equities analysts have also issued reports on the company. Bank of America lowered Consolidated Edison from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $74.00 to $68.00 in a research report on Monday, October 18th. KeyCorp upped their price objective on Consolidated Edison from $65.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, January 13th. Guggenheim cut Consolidated Edison from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $77.00 to $71.00 in a research note on Thursday, January 20th. TheStreet upgraded Consolidated Edison from a “c+” rating to a “b-” rating in a research note on Wednesday, October 20th. Finally, Citigroup upped their price objective on Consolidated Edison from $77.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 8th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Sell” and a consensus price target of $75.44. Read more …

 

Albemarle (NYSE:ALB) was upgraded by analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, Price Targets.com reports.

A number of other research firms also recently issued reports on ALB. Berenberg Bank upgraded Albemarle to a “buy” rating and lifted their price target for the company from $280.00 to $298.00 in a research note on Friday, November 19th. Citigroup cut their price target on Albemarle from $323.00 to $280.00 in a research note on Tuesday, January 11th. Royal Bank of Canada upgraded Albemarle from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $246.00 to $280.00 in a research note on Tuesday, October 19th. Loop Capital boosted their target price on Albemarle from $253.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, October 4th. Finally, Zacks Investment Research upgraded Albemarle from a “hold” rating to a “strong-buy” rating and set a $296.00 target price on the stock in a research note on Friday, December 10th. Three analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Albemarle presently has a consensus rating of “Buy” and an average target price of $245.48. Read more …

 

Wells Fargo & Company (NYSE:WFC) was upgraded by stock analysts at Atlantic Securities from a "neutral" rating to an "overweight" rating in a research note issued to investors on Tuesday, Briefing.com reports. The firm presently has a $60.00 price target on the financial services provider's stock. Atlantic Securities' price target would suggest a potential upside of 11.52% from the stock's current price.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group increased their price objective on shares of Wells Fargo & Company from $51.00 to $57.00 and gave the company a "buy" rating in a research note on Monday, October 11th. UBS Group assumed coverage on shares of Wells Fargo & Company in a research note on Friday, December 10th. They issued a "buy" rating and a $65.00 price objective for the company. The Goldman Sachs Group reiterated a "hold" rating and issued a $56.00 price objective on shares of Wells Fargo & Company in a research note on Friday, January 14th. Raymond James increased their price objective on shares of Wells Fargo & Company from $58.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, January 18th. Finally, Odeon Capital Group raised shares of Wells Fargo & Company from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Monday, November 29th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Wells Fargo & Company presently has a consensus rating of "Buy" and a consensus target price of $56.35. Read more …

 

Colgate-Palmolive (NYSE:CL) was upgraded by equities researchers at Sanford C. Bernstein from an "underperform" rating to a "market perform" rating in a note issued to investors on Wednesday, Briefing.com reports. The brokerage currently has a $83.00 price target on the stock. Sanford C. Bernstein's price objective suggests a potential upside of 1.32% from the company's previous close.

CL has been the topic of a number of other reports. UBS Group initiated coverage on shares of Colgate-Palmolive in a research note on Thursday, December 16th. They issued a "neutral" rating on the stock. Berenberg Bank reduced their price objective on shares of Colgate-Palmolive from $85.00 to $77.00 and set a "hold" rating for the company in a report on Tuesday, November 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Colgate-Palmolive from $91.00 to $90.00 and set a "buy" rating for the company in a report on Monday. Redburn Partners initiated coverage on shares of Colgate-Palmolive in a report on Thursday, December 16th. They set a "neutral" rating for the company. Finally, Barclays dropped their target price on shares of Colgate-Palmolive from $85.00 to $83.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $86.00. Read more …

 

 

Exxon Mobil (NYSE:XOM) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Briefing.com reports. The firm currently has a $92.00 target price on the oil and gas company’s stock. Argus’ target price would suggest a potential upside of 13.82% from the company’s previous close.

A number of other research firms have also recently issued reports on XOM. Jefferies Financial Group set a $62.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on Exxon Mobil from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 1st. JPMorgan Chase & Co. set a $83.00 price objective on Exxon Mobil in a research report on Tuesday. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research note on Monday, October 11th. Finally, Exane BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research note on Monday, October 11th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.06. Read more …

 

Franco-Nevada (NYSE:FNV) (TSE:FNV) was upgraded by Barclays from an “underweight” rating to an “equal weight” rating in a research report issued on Thursday, Briefing.com reports. The brokerage presently has a $110.00 price target on the basic materials company’s stock, up from their previous price target of $107.00. Barclays‘s target price indicates a potential downside of 17.82% from the company’s current price.

A number of other equities analysts also recently commented on FNV. Raymond James lifted their target price on shares of Franco-Nevada from $164.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 18th. HC Wainwright assumed coverage on shares of Franco-Nevada in a research note on Monday, December 20th. They set a “buy” rating and a $167.00 target price on the stock. KeyCorp reduced their price target on shares of Franco-Nevada from $156.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, December 20th. raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, October 21st. Finally, National Bank Financial reduced their price target on shares of Franco-Nevada from C$205.00 to C$195.00 in a research note on Friday, January 7th. One analyst has rated the stock with a sell rating, four have assigned 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 “Buy” and a consensus price target of $175.71. Read more …

 

Novo Nordisk A/S (NYSE:NVO) was upgraded by equities researchers at Danske from a "hold" rating to a "buy" rating in a research report issued on Thursday, The Fly reports.

Several other analysts have also recently issued reports on NVO. Credit Suisse Group reiterated a "neutral" rating on shares of Novo Nordisk A/S in a research report on Thursday, November 4th. JPMorgan Chase & Co. lowered Novo Nordisk A/S from an "overweight" rating to a "neutral" rating in a research note on Monday, December 20th. UBS Group reaffirmed a "neutral" rating on shares of Novo Nordisk A/S in a research note on Thursday, November 11th. Bryan, Garnier & Co lowered Novo Nordisk A/S from a "buy" rating to a "sell" rating and set a 592.00 price target for the company. in a research note on Wednesday, November 3rd. Finally, SEB Equities raised Novo Nordisk A/S from a "hold" rating to a "buy" rating in a research note on Monday, October 18th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $341.50. Read more …

 

 

General Dynamics (NYSE:GD) was upgraded by investment analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a research report issued to clients and investors on Friday, The Fly reports.

Other analysts also recently issued reports about the company. Wells Fargo & Company lifted their target price on General Dynamics from $230.00 to $235.00 and gave the stock an "overweight" rating in a research report on Monday, January 10th. Susquehanna lifted their target price on General Dynamics from $225.00 to $240.00 and gave the stock a "positive" rating in a research report on Thursday, October 28th. Wolfe Research upgraded General Dynamics from an "underperform" rating to a "peer perform" rating in a report on Friday, January 28th. UBS Group upgraded General Dynamics from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $220.00 to $245.00 in a report on Tuesday, December 14th. Finally, Susquehanna Bancshares lifted their price objective on General Dynamics from $225.00 to $240.00 and gave the company a "positive" rating in a report on Thursday, October 28th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, General Dynamics has an average rating of "Buy" and a consensus target price of $216.92. Read more …

 

 

Downgrades:

 

Chevron (NYSE:CVX) was downgraded by research analysts at Truist Financial from a “buy” rating to a “hold” rating in a report issued on Monday, Briefing.com reports.

Other equities analysts have also issued reports about the stock. Societe Generale initiated coverage on shares of Chevron in a research note on Friday, October 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Tuesday, November 30th. Raymond James raised their target price on shares of Chevron from $137.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 18th. Royal Bank of Canada upgraded shares of Chevron from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $130.00 to $145.00 in a research report on Wednesday, November 24th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Tuesday, November 30th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $128.55. Read more …

 

Enterprise Products Partners (NYSE:EPD) was downgraded by analysts at Citigroup from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Monday, Analyst Price Targets reports.

EPD has been the topic of a number of other research reports. Mizuho increased their price target on Enterprise Products Partners from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, January 11th. Wolfe Research cut shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating and set a $24.00 price objective for the company. in a research note on Tuesday, October 19th. Wells Fargo & Company cut their price objective on shares of Enterprise Products Partners from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, December 16th. Finally, Morgan Stanley downgraded shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $29.00 to $27.00 in a report on Friday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $26.71. Read more …

 

 

Kellogg (NYSE:K) was downgraded by analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a research note issued on Monday, The Fly reports. They presently have a $70.00 target price on the stock, down from their prior target price of $75.00. BMO Capital Markets' price target would suggest a potential upside of 7.26% from the company's current price.

Several other research firms also recently commented on K. Morgan Stanley boosted their target price on shares of Kellogg from $64.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 11th. Bank of America downgraded shares of Kellogg from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $76.00 to $70.00 in a research report on Wednesday, January 5th. Royal Bank of Canada decreased their target price on shares of Kellogg from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, November 5th. Credit Suisse Group boosted their target price on shares of Kellogg from $61.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Kellogg from $74.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, October 21st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $68.50. Read more …

 

V.F. (NYSE:VFC) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Monday, Stock Target Advisor reports. They presently have a $64.00 target price on the textile maker’s stock, down from their prior target price of $80.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 1.65% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. BTIG Research reduced their price target on shares of V.F. from $104.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, October 25th. Seaport Res Ptn restated a “neutral” rating on shares of V.F. in a research report on Tuesday, January 18th. The Goldman Sachs Group dropped their target price on V.F. from $71.00 to $68.00 in a research report on Thursday, January 20th. Citigroup decreased their target price on shares of V.F. from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, October 25th. They noted that the move was a valuation call. Finally, Barclays downgraded V.F. from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $86.00 to $79.00 in a research report on Thursday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $83.62. Read more …

 

ConocoPhillips (NYSE:COP) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Tuesday. They presently have a $50.00 price objective on the energy producer’s stock. UBS Group’s price target points to a potential downside of 43.58% from the company’s previous close.

A number of other brokerages also recently commented on COP. Wells Fargo & Company upped their target price on shares of ConocoPhillips from $82.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 3rd. Mizuho dropped their target price on shares of ConocoPhillips from $101.00 to $98.00 in a research note on Monday, January 3rd. Societe Generale downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a research note on Wednesday, November 10th. Barclays upped their target price on shares of ConocoPhillips from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, January 14th. Finally, KeyCorp upped their target price on shares of ConocoPhillips from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 27th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $83.32. Read more …

 

 

Clorox (NYSE:CLX) was downgraded by analysts at Sanford C. Bernstein from a "market perform" rating to an "underperform" rating in a report released on Wednesday, Briefing.com reports. They currently have a $155.00 target price on the stock. Sanford C. Bernstein's price objective suggests a potential downside of 8.14% from the stock's current price.

Other analysts have also issued research reports about the company. Wells Fargo & Company increased their target price on Clorox from $155.00 to $159.00 and gave the company an "underweight" rating in a report on Tuesday, November 2nd. TheStreet lowered Clorox from a "b-" rating to a "c+" rating in a report on Tuesday, November 9th. Barclays reduced their target price on Clorox from $138.00 to $131.00 and set an "underweight" rating for the company in a report on Wednesday, November 3rd. Morgan Stanley cut their price objective on Clorox from $160.00 to $154.00 and set an "underweight" rating for the company in a report on Wednesday, October 13th. Finally, DA Davidson increased their price objective on Clorox from $145.00 to $162.00 and gave the stock a "neutral" rating in a report on Tuesday, November 2nd. Eight investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Clorox has a consensus rating of "Hold" and an average target price of $166.88. Read more …

 

Kimberly-Clark (NYSE:KMB) was downgraded by stock analysts at Sanford C. Bernstein from a "market perform" rating to an "underperform" rating in a research note issued to investors on Wednesday, Briefing.com reports. They presently have a $126.00 price target on the stock. Sanford C. Bernstein's price target suggests a potential downside of 8.20% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company cut their price target on Kimberly-Clark from $145.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 27th. Barclays decreased their price objective on shares of Kimberly-Clark from $148.00 to $127.00 and set an "equal weight" rating for the company in a report on Friday, January 28th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kimberly-Clark from $137.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, October 26th. The Goldman Sachs Group upped their target price on Kimberly-Clark from $125.00 to $142.00 and gave the stock a "neutral" rating in a report on Tuesday, January 11th. Finally, Berenberg Bank cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and cut their price objective for the stock from $164.00 to $127.00 in a research report on Tuesday, October 26th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $134.38. Read more …

 

Starbucks (NASDAQ:SBUX) was downgraded by equities research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, Briefing.com reports. They currently have a $106.00 target price on the coffee company’s stock, down from their previous target price of $112.00. The Goldman Sachs Group’s price target points to a potential upside of 7.33% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Morgan Stanley dropped their target price on Starbucks from $117.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, January 14th. Stephens upgraded Starbucks from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $118.00 to $130.00 in a report on Monday, November 1st. Robert W. Baird lowered Starbucks from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $126.00 to $116.00 in a report on Friday, December 17th. MKM Partners upgraded Starbucks from a “neutral” rating to a “buy” rating and boosted their price target for the company from $114.00 to $130.00 in a report on Tuesday, December 7th. Finally, Bank of America initiated coverage on Starbucks in a report on Monday, October 11th. They issued a “buy” rating and a $135.00 price target for the company. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $123.41. Read more …

 

 

Sunoco (NYSE:SUN) was downgraded by investment analysts at Citigroup from a "buy" rating to a "neutral" rating in a research note issued on Wednesday, Briefing.com reports. They currently have a $49.00 target price on the oil and gas company's stock, up from their previous target price of $44.00. Citigroup's target price would suggest a potential upside of 4.93% from the company's previous close.

Several other analysts have also weighed in on the stock. Mizuho lifted their price objective on shares of Sunoco from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, November 11th. Barclays lifted their price target on shares of Sunoco from $44.00 to $47.00 in a research report on Thursday, January 20th. Credit Suisse Group lifted their price objective on shares of Sunoco from $39.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, January 25th. Wells Fargo & Company raised shares of Sunoco from an "underweight" rating to an "equal weight" rating and set a $40.00 price objective on the stock in a report on Thursday, December 16th. Finally, Raymond James lifted their price objective on shares of Sunoco from $44.00 to $48.00 and gave the stock an "outperform" rating in a report on Monday, January 24th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Sunoco has a consensus rating of "Hold" and a consensus price target of $42.63. Read more …

 

C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $113.00 price objective for the company. in a research note on Tuesday, January 4th. Barclays dropped their target price on shares of C.H. Robinson Worldwide from $108.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday. KeyCorp dropped their target price on shares of C.H. Robinson Worldwide from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and increased their target price for the stock from $102.00 to $106.00 in a research report on Thursday. Finally, Bank of America raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $108.00 to $125.00 in a research report on Thursday, January 20th. Three 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $107.59. Read more …

 

Church & Dwight (NYSE:CHD) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a research report issued on Thursday, PriceTargets.com reports.

Several other equities analysts have also issued reports on the company. Credit Suisse Group lowered Church & Dwight from an “outperform” rating to a “neutral” rating and set a $105.00 target price on the stock. in a research note on Wednesday, January 26th. Jefferies Financial Group lifted their target price on Church & Dwight from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Church & Dwight in a research note on Tuesday, November 30th. Stifel Nicolaus lifted their target price on Church & Dwight from $92.00 to $99.00 and gave the company a “hold” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $97.00 to $100.00 and gave the company a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $99.10. Read more …

 

 

McKesson (NYSE:MCK) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report released on Friday, The Fly reports. They presently have a $270.00 price objective on the stock, up from their prior price objective of $262.00. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 0.96% from the stock's current price. The analysts noted that the move was a valuation call.

MCK has been the subject of a number of other research reports. Credit Suisse Group raised McKesson from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $230.00 to $333.00 in a research note on Friday, January 7th. TheStreet raised McKesson from a "d" rating to a "c+" rating in a research note on Wednesday. Bank of America raised their price objective on McKesson from $250.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, December 9th. Argus lifted their target price on McKesson from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, November 8th. Finally, Cowen lifted their target price on McKesson from $268.00 to $300.00 and gave the company an "outperform" rating in a research report on Monday, December 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $281.42. Read more …

 

Suncor Energy (NYSE:SU) (TSE:SU) was downgraded by equities research analysts at Tudor, Pickering, Holt & Co. from a "buy" rating to a "hold" rating in a research report issued on Friday, Briefing.com reports.

SU has been the subject of several other reports. Morgan Stanley assumed coverage on Suncor Energy in a research report on Thursday, October 7th. They set an "overweight" rating and a $38.00 price objective for the company. BMO Capital Markets upped their price objective on Suncor Energy from C$39.00 to C$43.00 and gave the stock an "outperform" rating in a research report on Friday, October 29th. TD Securities upped their price objective on Suncor Energy from C$45.00 to C$47.00 in a research report on Thursday. Bank of America assumed coverage on Suncor Energy in a research report on Monday, January 10th. They issued a "buy" rating for the company. Finally, Wells Fargo & Company upgraded Suncor Energy from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, January 5th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $38.36. Read more …

 

Dividend Increases Weeks 1, 2 and 3, 2022

 

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, 19 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.

 

 

 

 

 

Alamo Group Inc. (ALG)

Alamo Group Inc. designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, such as boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor-and truck-mounted mowing, and vegetation maintenance equipment and replacement parts. Alamo Group Inc. was founded in 1955 and is headquartered in Seguin, Texas.

On January 3, ALG declared a quarterly dividend of $0.18 per share.

This is a 28.6% increase from prior dividend of $0.14. 

Payable February 1 for shareholders of record January 18, ex-div January 17.

 

Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The company was founded in 1968 and is headquartered in Houston, Texas.

On January 6, EPD declared a quarterly dividend of $0.465 per share.

This is a 3.3% increase from prior dividend of $0.45. 

Payable February 11 for shareholders of record January 31, ex-div January 28.

 

STAG Industrial, Inc. (STAG)

STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

On January 10, STAG declared a monthly dividend of $0.121667 per share.

This is a 0.7% increase from prior dividend of $0.1208. 

Payable February 15 for shareholders of record January 31, ex-div January 28.

 

Lakeland Financial Corporation (LKFN)

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.

On January 11, LKFN declared a quarterly dividend of $0.40 per share.

This is a 17.6% increase from prior dividend of $0.34. 

Payable February 7 for shareholders of record January 25, ex-div January 24.

 

Ally Financial Inc. (ALLY)

Ally Financial Inc., a bank holding company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1914 and is based in Detroit, Michigan.

On January 11, ALLY declared a quarterly dividend of $0.30 per share.

This is a 20.0% increase from prior dividend of $0.25. 

Payable February 15 for shareholders of record February 1, ex-div January 31.

 

 

Apogee Enterprises, Inc. (APOG)

Apogee Enterprises, Inc. designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The company was incorporated in 1949 and is based in Minneapolis, Minnesota.

On January 12, APOG declared a quarterly dividend of $0.22 per share.

This is a 10.0% increase from prior dividend of $0.20. 

Payable February 15 for shareholders of record January 31, ex-div January 28.

 

ATCO Ltd. (TSE:ACO.X)

ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing; modular facilities; construction and site support; workforce lodging; facility operations and maintenance; defense operations; and disaster and emergency management services. ATCO Ltd. was founded in 1947 and is headquartered in Calgary, Canada.

On January 13, ACO.X declared a quarterly dividend of C$0.4483 per share.

This is a 3.0% increase from prior dividend of C$0.4483. 

Payable March 31 for shareholders of record March 3, ex-div March 2.

 

Canadian Utilities Limited (TSE:CU)

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

On January 13, CU declared a quarterly dividend of C$0.4442 per share.

This is a 1.0% increase from prior dividend of C$0.4398. 

Payable March 1 for shareholders of record February 3, ex-div February 2.

 

BlackRock, Inc. (BLK)

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. BlackRock, Inc. was founded in 1988 and is based in New York City.

On January 14, BLK declared a quarterly dividend of $4.88 per share.

This is an 18.2% increase from prior dividend of $4.13. 

Payable March 23 for shareholders of record March 7, ex-div March 4.

 

Mercantile Bank Corporation (MBWM)

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

On January 18, MBWM declared a quarterly dividend of $0.31 per share.

This is a 3.3% increase from prior dividend of $0.30. 

Payable March 16 for shareholders of record March 4, ex-div March 3.

 

 

Enterprise Bancorp, Inc. (EBTC)

Enterprise Bancorp, Inc. operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit. The company was founded in 1989 and is headquartered in Lowell, Massachusetts.

On January 18, EBTC declared a quarterly dividend of $0.205 per share.

This is a 10.8% increase from prior dividend of $0.185. 

Payable March 1 for shareholders of record February 8, ex-div February 7.

 

Fastenal Company (FAST)

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

On January 18, FAST declared a quarterly dividend of $0.31 per share.

This is a 10.7% increase from prior dividend of $0.28. 

Payable March 2 for shareholders of record February 2, ex-div February 1.

 

Union Bankshares, Inc. (UNB)

Union Bankshares, Inc. operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.

On January 19, UNB declared a quarterly dividend of $0.35 per share.

This is a 6.1% increase from prior dividend of $0.33. 

Payable February 3 for shareholders of record January 29, ex-div January 27.

 

Alerus Financial Corporation (ALRS)

Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

On January 19, ALRS declared a quarterly dividend of $0.16 per share.

This is a 6.7% increase from prior dividend of $0.15. 

Payable April 8 for shareholders of record March 18, ex-div March 17.

 

Graham Holdings Company (GHC)

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science education, and training and healthcare simulation services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to Purdue University Global. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.

On January 20, GHC declared a quarterly dividend of $1.58 per share.

This is a 4.6% increase from prior dividend of $1.51. 

Payable February 17 for shareholders of record February 3, ex-div February 2.

 

 

J.B. Hunt Transport Services, Inc. (JBHT)

J.B. Hunt Transport Services, Inc. provides surface transportation and delivery services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The company was incorporated in 1961 and is headquartered in Lowell, Arkansas.

On January 20, JBHT declared a quarterly dividend of $0.40 per share.

This is a 33.3% increase from prior dividend of $0.30. 

Payable February 18 for shareholders of record February 4, ex-div February 3.

 

Consolidated Edison, Inc. (ED)

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,576 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

On January 20, ED declared a quarterly dividend of $0.79 per share.

This is a 1.9% increase from prior dividend of $0.775. 

Payable March 15 for shareholders of record February 16, ex-div February 15.

 

Sierra Bancorp (BSRR)

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. Sierra Bancorp was founded in 1977 and is headquartered in Porterville, California.

On January 21, BSRR declared a quarterly dividend of $0.23 per share.

This is a 4.5% increase from prior dividend of $0.22. 

Payable February 14 for shareholders of record January 31, ex-div January 28.

 

Alliant Energy Corporation (LNT)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company was incorporated in 1981 and is headquartered in Madison, Wisconsin.

On January 21, LNT declared a quarterly dividend of $0.4275 per share.

This is a 6.2% increase from prior dividend of $0.4025. 

Payable February 15 for shareholders of record January 31, ex-div January 28.

 

Notable Analyst Upgrades and Downgrades for Week of October 18 2021

 

 

Upgrades:

 

Novo Nordisk A/S (NYSE:NVO) was upgraded by investment analysts at SEB Equities from a “hold” rating to a “buy” rating in a report issued on Monday, The Fly reports.

Other equities analysts have also issued research reports about the company. Berenberg Bank reissued a “hold” rating on shares of Novo Nordisk A/S in a research report on Friday, September 3rd. DNB Markets raised Novo Nordisk A/S from a “hold” rating to a “buy” rating in a research report on Thursday, August 5th. Bank of America upgraded Novo Nordisk A/S from a “neutral” rating to a “buy” rating in a report on Thursday, August 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Novo Nordisk A/S in a report on Friday, August 6th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Novo Nordisk A/S in a research note on Monday, August 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $91.00. Read more …

 

Occidental Petroleum (NYSE:OXY) was upgraded by equities researchers at Truist Securities from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a $50.00 price target on the oil and gas producer's stock. Truist Securities' target price indicates a potential upside of 57.93% from the stock's previous close.

A number of other research firms have also recently commented on OXY. Mizuho boosted their target price on shares of Occidental Petroleum from $37.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, July 15th. Evercore ISI raised shares of Occidental Petroleum from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $35.00 to $40.00 in a research note on Wednesday, September 29th. Wells Fargo & Company boosted their target price on shares of Occidental Petroleum from $29.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Thursday. Piper Sandler upped their price objective on shares of Occidental Petroleum from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, July 23rd. They noted that the move was a valuation call. Finally, Truist raised shares of Occidental Petroleum from a "hold" rating to a "buy" rating and upped their price objective for the company from $35.00 to $50.00 in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.35. Read more …

 

Public Storage (NYSE:PSA) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. Citigroup boosted their price target on shares of Public Storage from $296.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, July 1st. Raymond James raised shares of Public Storage from a “market perform” rating to an “outperform” rating and set a $350.00 price target on the stock in a research report on Tuesday, August 10th. UBS Group started coverage on shares of Public Storage in a research report on Thursday, June 24th. They set a “neutral” rating and a $310.00 price target on the stock. Truist Securities boosted their price objective on shares of Public Storage from $315.00 to $322.00 and gave the stock a “buy” rating in a research note on Monday, August 16th. Finally, Zacks Investment Research lowered shares of Public Storage from a “buy” rating to a “hold” rating and set a $329.00 price objective on the stock. in a research note on Friday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $314.50. Read more …

 

 

Albemarle (NYSE:ALB) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday, Price Targets.com reports. The firm presently has a $280.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $246.00. Royal Bank of Canada’s price objective indicates a potential upside of 18.19% from the company’s current price.

ALB has been the subject of a number of other research reports. Bank of America boosted their price objective on Albemarle from $121.00 to $140.00 and gave the company an “underperform” rating in a research report on Friday, August 6th. They noted that the move was a valuation call. BMO Capital Markets lifted their target price on Albemarle from $265.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, September 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Albemarle from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, September 13th. KeyCorp lifted their target price on Albemarle from $127.00 to $131.00 and gave the company an “underweight” rating in a research note on Monday, October 11th. Finally, Zacks Investment Research raised Albemarle from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research note on Tuesday, July 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Albemarle presently has an average rating of “Hold” and an average target price of $213.09. Read more …

 

Most Significant Insider Trades: Week of September 20, 2021

 

Disposals:

 

Halliburton (NYSE:HAL) Director Murry Gerber sold 44,590 shares of the stock in a transaction on Monday, September 20th. The shares were sold at an average price of $19.33, for a total value of $861,924.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE HAL traded down $0.12 during midday trading on Tuesday, reaching $19.48. 6,125,435 shares of the company’s stock traded hands, compared to its average volume of 9,502,723. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 121.76 and a beta of 2.84. The stock’s 50 day simple moving average is $20.08 and its 200-day simple moving average is $21.54. The company has a quick ratio of 1.75, a current ratio of 2.29 and a debt-to-equity ratio of 1.68. Halliburton has a one year low of $10.60 and a one year high of $25.00. Read more …

 

UnitedHealth Group Incorporated (NYSE:UNH) Director Richard T. Burke sold 2,500 shares of the business’s stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $419.00, for a total value of $1,047,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UNH traded down $0.36 on Tuesday, hitting $412.34. The company had a trading volume of 2,382,123 shares, compared to its average volume of 2,984,847. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The firm has a market cap of $388.80 billion, a P/E ratio of 27.24, a PEG ratio of 1.62 and a beta of 0.77. The company’s fifty day moving average price is $416.51 and its 200 day moving average price is $400.62. UnitedHealth Group Incorporated has a 1 year low of $289.64 and a 1 year high of $431.36. Read more …

 

Bristol-Myers Squibb (NYSE:BMY) CEO Giovanni Caforio sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 20th. The shares were sold at an average price of $60.64, for a total value of $1,516,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE BMY traded down $0.18 during midday trading on Wednesday, hitting $60.15. The company had a trading volume of 9,658,651 shares, compared to its average volume of 10,596,237. The company has a market capitalization of $133.66 billion, a PE ratio of -26.57, a P/E/G ratio of 1.20 and a beta of 0.61. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $66.48 and a 200-day moving average price of $65.37. Bristol-Myers Squibb has a twelve month low of $56.75 and a twelve month high of $69.75. Read more …

 

 

Williams-Sonoma, Inc. (NYSE:WSM) insider Ryan Ross sold 2,700 shares of the stock in a transaction that occurred on Tuesday, September 21st. The shares were sold at an average price of $185.57, for a total transaction of $501,039.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ryan Ross also recently made the following trade(s):

On Wednesday, July 7th, Ryan Ross sold 2,400 shares of Williams-Sonoma stock. The stock was sold at an average price of $165.00, for a total value of $396,000.00.

On Friday, June 25th, Ryan Ross sold 5,600 shares of Williams-Sonoma stock. The stock was sold at an average price of $160.42, for a total value of $898,352.00.

Shares of WSM traded down $1.40 during midday trading on Thursday, reaching $188.51. 534,455 shares of the stock were exchanged, compared to its average volume of 1,203,200. Williams-Sonoma, Inc. has a twelve month low of $85.30 and a twelve month high of $204.41. The company has a market cap of $14.02 billion, a P/E ratio of 15.07, a PEG ratio of 1.15 and a beta of 1.68. The stock’s 50 day simple moving average is $168.25 and its 200 day simple moving average is $167.40. Read more …