Showing posts with label ESS. Show all posts
Showing posts with label ESS. Show all posts

June 3, 2022

Notable Analyst Upgrades and Downgrades for Week of May 30 2022



 

Upgrades:

 


Linde (NYSE:LIN) was upgraded by Evercore ISI to an "outperform" rating in a research report issued to clients and investors on Tuesday, The Fly reports.

LIN has been the topic of a number of other reports. Credit Suisse Group began coverage on shares of Linde in a research report on Tuesday. They set an "outperform" rating and a $380.00 price objective on the stock. BMO Capital Markets lowered their price objective on shares of Linde from $405.00 to $365.00 and set an "outperform" rating on the stock in a research report on Monday, February 14th. Jefferies Financial Group began coverage on shares of Linde in a research report on Wednesday, March 30th. They set a "buy" rating and a $390.00 price objective on the stock. HSBC boosted their target price on shares of Linde from $366.00 to $382.00 and gave the stock a "buy" rating in a research report on Friday, February 18th. Finally, Zacks Investment Research raised shares of Linde from a "sell" rating to a "hold" rating and set a $312.00 target price for the company in a research report on Monday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Linde currently has an average rating of "Buy" and a consensus price target of $367.14. Read more …

 


Magellan Midstream Partners (NYSE:MMP) 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 Tuesday, The Fly reports.

A number of other analysts have also commented on MMP. TD Securities boosted their target price on Magellan Midstream Partners from $51.00 to $52.00 and gave the company a "hold" rating in a research report on Friday, May 6th. Morgan Stanley boosted their target price on Magellan Midstream Partners from $50.00 to $54.00 and gave the company an "underweight" rating in a research report on Tuesday, April 26th. JPMorgan Chase & Co. raised Magellan Midstream Partners from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $52.00 to $57.00 in a research report on Wednesday, May 25th. StockNews.com started coverage on Magellan Midstream Partners in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Finally, Mizuho boosted their target price on Magellan Midstream Partners from $50.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, March 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.30. Read more …

 


Danaher (NYSE:DHR) was upgraded by investment analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other research analysts have also recently commented on the company. William Blair restated an "outperform" rating on shares of Danaher in a research report on Friday, April 22nd. UBS Group decreased their target price on Danaher from $365.00 to $340.00 in a research report on Sunday, April 24th. StockNews.com cut Danaher from a "buy" rating to a "hold" rating in a research report on Friday, April 22nd. Zacks Investment Research cut Danaher from a "buy" rating to a "hold" rating and set a $278.00 target price on the stock. in a research report on Monday, April 25th. Finally, Robert W. Baird decreased their target price on Danaher from $334.00 to $319.00 and set an "outperform" rating on the stock in a research report on Friday, April 22nd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $331.14. Read more …

 

 


Xylem (NYSE:XYL) was upgraded by investment analysts at Cowen from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm currently has a $75.00 target price on the industrial products company's stock. Cowen's price objective indicates a potential downside of 10.98% from the stock's current price.

Other analysts have also recently issued reports about the company. Stifel Nicolaus dropped their price objective on Xylem from $100.00 to $90.00 and set a "hold" rating for the company in a report on Monday, April 18th. Raymond James raised Xylem from an "underperform" rating to a "market perform" rating in a report on Tuesday, April 5th. Morgan Stanley dropped their price objective on Xylem from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, April 18th. Zacks Investment Research raised Xylem from a "sell" rating to a "hold" rating and set a $89.00 price target for the company in a research note on Thursday, May 12th. Finally, TheStreet cut Xylem from a "b" rating to a "c+" rating in a research note on Monday, February 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Xylem has an average rating of "Hold" and a consensus price target of $108.55. Read more …

 

May 20, 2022

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 …

May 13, 2022

Notable Analyst Upgrades and Downgrades for Week of May 9 2022



 

Upgrades:

 


Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

A number of other brokerages have also recently issued reports on BEP. National Bankshares increased their target price on Brookfield Renewable Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, April 19th. National Bank Financial upgraded Brookfield Renewable Partners from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Tuesday, January 18th. Zacks Investment Research lowered Brookfield Renewable Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, April 18th. CIBC upgraded Brookfield Renewable Partners from a “neutral” rating to a “sector outperform” rating and decreased their price objective for the company from $42.00 to $40.00 in a research report on Tuesday, January 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable Partners from $46.00 to $39.00 in a research report on Thursday, January 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Brookfield Renewable Partners has an average rating of “Buy” and a consensus target price of $42.38. Read more …

 


Fortis (TSE:FTS) was upgraded by research analysts at Veritas Investment Research to a “buy” rating in a research note issued on Monday, Stock Target Advisor reports.

FTS has been the topic of a number of other reports. National Bankshares boosted their target price on shares of Fortis from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday. Raymond James set a C$58.00 price objective on shares of Fortis and gave the stock a “market perform” rating in a research report on Thursday. BMO Capital Markets reaffirmed a “hold” rating and set a C$60.00 price objective (up from C$57.00) on shares of Fortis in a research report on Tuesday, March 15th. Credit Suisse Group lifted their price objective on shares of Fortis to C$66.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 13th. Finally, CIBC boosted their target price on shares of Fortis from C$60.00 to C$63.00 in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$61.81. Read more …

 


Genuine Parts (NYSE:GPC) was upgraded by equities researchers at Bank of America from an "underperform" rating to a "neutral" rating in a report released on Tuesday, The Fly reports. The firm currently has a $133.00 target price on the specialty retailer's stock. Bank of America's price target indicates a potential upside of 0.80% from the stock's current price. The analysts noted that the move was a valuation call.

GPC has been the subject of a number of other reports. Wedbush restated a "neutral" rating on shares of Genuine Parts in a research report on Friday, February 18th. Truist Financial started coverage on Genuine Parts in a research report on Thursday, January 13th. They set a "hold" rating and a $142.00 price objective for the company. Finally, StockNews.com started coverage on Genuine Parts in a research report on Thursday, March 31st. They set a "strong-buy" rating for the company. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Genuine Parts presently has a consensus rating of "Hold" and an average price target of $139.25. Read more …

 

 


Wells Fargo & Company upgraded shares of Albemarle (NYSE:ALB) from an equal weight rating to an overweight rating in a report issued on Wednesday, The Fly reports. The brokerage currently has $285.00 target price on the specialty chemicals company’s stock, up from their previous target price of $215.00.

Several other brokerages also recently weighed in on ALB. Mizuho upped their target price on Albemarle from $243.00 to $293.00 in a research report on Friday, May 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Albemarle from $250.00 to $290.00 in a research note on Friday, May 6th. Bank of America cut their price objective on Albemarle from $230.00 to $216.00 in a research note on Friday, February 18th. TheStreet upgraded Albemarle from a c+ rating to a b rating in a research note on Wednesday, May 4th. Finally, StockNews.com upgraded Albemarle from a sell rating to a hold rating in a research note on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $272.89. Read more …

 


Federal Realty Investment Trust (NYSE:FRT) was upgraded by equities research analysts at Raymond James from a "market perform" rating to a "strong-buy" rating in a research note issued on Thursday, Briefing.com reports. The firm currently has a $140.00 target price on the real estate investment trust's stock. Raymond James' target price points to a potential upside of 28.65% from the company's previous close.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Federal Realty Investment Trust from $150.00 to $143.00 and set a "buy" rating on the stock in a research report on Thursday, March 31st. Mizuho dropped their target price on Federal Realty Investment Trust from $142.00 to $129.00 and set a "buy" rating on the stock in a research report on Tuesday, February 15th. Wells Fargo & Company decreased their price target on Federal Realty Investment Trust from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 7th. Capital One Financial raised Federal Realty Investment Trust from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $130.00 to $145.00 in a research note on Wednesday, February 9th. Finally, StockNews.com initiated coverage on Federal Realty Investment Trust in a research note on Thursday, March 31st. They set a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $134.42. Read more …

 


TC Energy (NYSE:TRP) (TSE:TRP) was upgraded by CIBC from a "neutral" rating to a "sector outperform" rating in a research report issued on Thursday, The Fly reports.

A number of other research firms also recently weighed in on TRP. National Bank Financial raised their price target on TC Energy from C$65.00 to C$66.00 in a research report on Thursday, February 17th. US Capital Advisors cut TC Energy from an "overweight" rating to a "hold" rating in a research note on Friday, March 11th. Zacks Investment Research cut TC Energy from a "hold" rating to a "sell" rating and set a $58.00 price target on the stock. in a research report on Thursday, April 28th. Wells Fargo & Company boosted their price objective on shares of TC Energy from $63.00 to $68.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 22nd. Finally, Scotiabank boosted their target price on shares of TC Energy from C$72.00 to C$78.00 in a research note on Wednesday, April 13th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $67.17. Read more …

 

 


WEC Energy Group (NYSE:WEC) was upgraded by analysts at Bank of America from a "neutral" rating to a "buy" rating in a report released on Friday, The Fly reports.

WEC has been the topic of a number of other research reports. StockNews.com initiated coverage on shares of WEC Energy Group in a research note on Thursday, March 31st. They set a "hold" rating on the stock. Evercore ISI restated a "hold" rating and set a $97.00 price target on shares of WEC Energy Group in a research note on Friday, February 4th. The Goldman Sachs Group upgraded shares of WEC Energy Group from a "sell" rating to a "neutral" rating and set a $99.00 price target on the stock in a research note on Thursday, January 13th. Credit Suisse Group initiated coverage on shares of WEC Energy Group in a research note on Monday, April 25th. They set a "neutral" rating and a $108.00 price target on the stock. Finally, BMO Capital Markets restated a "hold" rating and set a $98.00 price target on shares of WEC Energy Group in a research note on Friday, February 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of "Hold" and an average target price of $101.00. Read more …

 


Waste Management (NYSE:WM) was upgraded by Bank of America from an "underperform" rating to a "neutral" rating in a note issued to investors on Friday, The Fly reports.

Several other equities research analysts also recently weighed in on the company. BMO Capital Markets downgraded Waste Management from an "outperform" rating to a "market perform" rating and set a $174.00 price target on the stock. in a report on Tuesday, April 12th. Raymond James increased their price objective on Waste Management from $167.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, April 22nd. cut Waste Management to a "hold" rating in a research note on Wednesday, February 9th. JPMorgan Chase & Co. began coverage on Waste Management in a research note on Tuesday, March 1st. They issued a "neutral" rating and a $153.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Waste Management from $157.00 to $167.00 in a research note on Thursday, April 28th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Waste Management presently has an average rating of "Hold" and a consensus target price of $161.00. Read more …

 

 

Downgrades:

 


Domino's Pizza (NYSE:DPZ) was downgraded by analysts at Argus from a "buy" rating to a "hold" rating in a research note issued on Monday, The Fly reports.

A number of other equities research analysts have also issued reports on DPZ. Guggenheim cut their price target on shares of Domino's Pizza from $445.00 to $370.00 in a report on Friday. BMO Capital Markets cut their price target on shares of Domino's Pizza from $450.00 to $400.00 in a report on Friday, April 29th. Oppenheimer cut their price target on shares of Domino's Pizza from $510.00 to $435.00 in a report on Friday, April 29th. Cowen cut their price target on shares of Domino's Pizza from $390.00 to $365.00 in a report on Friday, April 29th. Finally, Credit Suisse Group cut their target price on shares of Domino's Pizza from $475.00 to $400.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $440.04. Read more …

 

 


Novartis (NYSE:NVS) was downgraded by equities research analysts at Wolfe Research from an "outperform" rating to a "market perform" rating in a research report issued on Monday, MarketBeat reports.

Several other research firms have also recently weighed in on NVS. Barclays upped their target price on Novartis from CHF 80 to CHF 85 in a research note on Thursday, April 14th. StockNews.com assumed coverage on Novartis in a research report on Thursday, March 31st. They set a "strong-buy" rating for the company. UBS Group lifted their target price on Novartis from CHF 85 to CHF 88 and gave the company a "neutral" rating in a research report on Wednesday, April 27th. Societe Generale dropped their target price on shares of Novartis from CHF 107 to CHF 105 in a report on Thursday, February 3rd. Finally, Morgan Stanley lifted their price target on shares of Novartis from CHF 90 to CHF 94 in a report on Friday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $90.50. Read more …

 


Edison International (NYSE:EIX) was downgraded by investment analysts at Mizuho from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Briefing.com reports. They currently have a $72.00 price objective on the utilities provider’s stock, down from their previous price objective of $82.00. Mizuho’s price target suggests a potential upside of 2.77% from the company’s current price.

EIX has been the topic of several other research reports. Morgan Stanley dropped their price target on Edison International from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 26th. Wells Fargo & Company boosted their price target on Edison International from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, March 30th. Citigroup boosted their price target on Edison International from $67.00 to $79.00 in a research report on Wednesday, May 4th. StockNews.com initiated coverage on Edison International in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada boosted their price target on Edison International from $73.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, April 14th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus price target of $71.75. Read more …

 


Essex Property Trust (NYSE:ESS) was downgraded by research analysts at Barclays from an "equal weight" rating to an "underweight" rating in a research report issued on Tuesday, Briefing.com reports. They presently have a $310.00 target price on the real estate investment trust's stock, down from their prior target price of $367.00. Barclays's price target would indicate a potential upside of 4.74% from the stock's previous close.

A number of other brokerages also recently weighed in on ESS. Truist Financial lowered their target price on Essex Property Trust from $378.00 to $370.00 and set a "buy" rating for the company in a report on Monday, March 21st. Mizuho lowered their target price on Essex Property Trust from $382.00 to $342.00 and set a "buy" rating for the company in a report on Wednesday, February 16th. KeyCorp lifted their target price on Essex Property Trust from $363.00 to $371.00 and gave the stock an "overweight" rating in a report on Thursday, January 13th. Morgan Stanley boosted their price objective on Essex Property Trust from $335.00 to $365.00 and gave the company an "equal weight" rating in a report on Friday, April 8th. Finally, StockNews.com initiated coverage on Essex Property Trust in a report on Thursday, March 31st. They set a "hold" rating for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Essex Property Trust presently has a consensus rating of "Hold" and a consensus price target of $358.13. Read more …

 

 


Home Depot (NYSE:HD) was downgraded by analysts at OTR Global to a “positive” rating in a report issued on Tuesday, The Fly reports.

HD has been the topic of several other reports. UBS Group dropped their price objective on Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Telsey Advisory Group dropped their price objective on Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 23rd. Citigroup dropped their price objective on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Robert W. Baird dropped their price objective on Home Depot from $425.00 to $380.00 in a research note on Tuesday, February 22nd. Finally, Guggenheim dropped their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Home Depot has a consensus rating of “Buy” and an average target price of $387.43. Read more …

 


Lowe’s Companies (NYSE:LOW) was downgraded by stock analysts at OTR Global to a “positive” rating in a report released on Tuesday, The Fly reports.

Other equities research analysts have also issued reports about the company. Telsey Advisory Group lifted their target price on Lowe’s Companies from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, February 24th. Loop Capital cut their price target on Lowe’s Companies from $240.00 to $190.00 in a report on Tuesday, April 12th. Morgan Stanley lifted their price target on Lowe’s Companies from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 18th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Finally, Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to an “accumulate” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $260.80. Read more …

 


Altria Group (NYSE:MO) was downgraded by Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a report issued on Tuesday, Briefing.com reports. They currently have a $53.00 target price on the stock, down from their prior target price of $58.00. Sanford C. Bernstein's price objective points to a potential downside of 4.09% from the stock's previous close.

Other analysts also recently issued reports about the company. Morgan Stanley increased their price target on Altria Group from $47.00 to $51.00 and gave the company an "equal weight" rating in a report on Wednesday, January 26th. The Goldman Sachs Group upgraded Altria Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $48.00 to $57.00 in a report on Tuesday, March 22nd. StockNews.com started coverage on Altria Group in a report on Thursday, March 31st. They issued a "buy" rating for the company. Cowen increased their price target on Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. Finally, Royal Bank of Canada downgraded Altria Group from an "outperform" rating to a "sector perform" rating and set a $53.00 price target for the company. in a report on Monday, March 28th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $53.75. Read more …

 

 


TELUS (TSE:T) (NYSE:TU) was downgraded by Barclays to a “hold” rating in a research report issued to clients and investors on Tuesday, TipRanks reports. They currently have a C$26.00 target price on the stock. Barclays‘s price objective indicates a potential downside of 16.72% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. TD Securities downgraded shares of TELUS from a “buy” rating to a “hold” rating and set a C$34.00 price objective for the company. in a research report on Monday, March 7th. Canaccord Genuity Group increased their price objective on shares of TELUS from C$33.00 to C$34.00 in a research report on Friday, February 11th. BMO Capital Markets increased their price objective on shares of TELUS from C$32.00 to C$34.00 in a research report on Friday, February 11th. JPMorgan Chase & Co. raised shares of TELUS from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$30.00 to C$36.00 in a research report on Monday, February 14th. Finally, CIBC downgraded shares of TELUS from an “outperform” rating to a “hold” rating and raised their target price for the company from C$33.50 to C$34.00 in a research report on Friday, April 22nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, TELUS currently has an average rating of “Buy” and a consensus price target of C$33.42. Read more …

 


Air Products and Chemicals (NYSE:APD) was downgraded by equities research analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other equities research analysts have also recently weighed in on the stock. StockNews.com began coverage on shares of Air Products and Chemicals in a research note on Thursday, March 31st. They set a "hold" rating on the stock. Barclays cut their price objective on shares of Air Products and Chemicals from $300.00 to $275.00 in a research note on Monday. Bank of America cut shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating and cut their price objective for the company from $337.00 to $285.00 in a research note on Monday, February 7th. Cowen cut their price objective on shares of Air Products and Chemicals from $365.00 to $345.00 in a research note on Monday, February 7th. Finally, JPMorgan Chase & Co. upgraded shares of Air Products and Chemicals from a "neutral" rating to an "overweight" rating and set a $275.00 price target on the stock in a research report on Monday, March 21st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $308.20. Read more …

 


Corning (NYSE:GLW) was downgraded by equities research analysts at Barclays from an "overweight" rating to an "equal weight" rating in a report released on Wednesday, Briefing.com reports. They presently have a $38.00 price objective on the electronics maker's stock, down from their prior price objective of $53.00. Barclays's price target suggests a potential upside of 5.56% from the company's previous close.

Several other equities analysts have also commented on GLW. The Goldman Sachs Group restated a "buy" rating and issued a $50.00 price objective on shares of Corning in a report on Friday, March 11th. Susquehanna Bancshares upgraded shares of Corning from a "neutral" rating to a "positive" rating and increased their target price for the stock from $38.00 to $50.00 in a report on Friday, January 28th. Bank of America reduced their target price on shares of Corning from $48.00 to $45.00 in a report on Tuesday, January 25th. Zacks Investment Research upgraded shares of Corning from a "sell" rating to a "hold" rating and set a $45.00 target price on the stock in a report on Monday, January 31st. Finally, Susquehanna upgraded shares of Corning from a "neutral" rating to a "positive" rating and increased their target price for the stock from $38.00 to $50.00 in a report on Friday, January 28th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Corning has a consensus rating of "Buy" and an average target price of $46.00. Read more …

 

 


American Express (NYSE:AXP) was downgraded by stock analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research report issued on Thursday, The Fly reports. They currently have a $146.00 price objective on the payment services company's stock. Wolfe Research's target price points to a potential downside of 8.40% from the company's previous close.

AXP has been the topic of several other reports. Citigroup increased their price target on shares of American Express from $187.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, April 26th. BMO Capital Markets increased their price objective on American Express from $152.00 to $155.00 and gave the company a "market perform" rating in a research report on Wednesday, January 26th. Wells Fargo & Company boosted their target price on American Express from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft raised their price target on American Express from $200.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, January 26th. Finally, StockNews.com assumed coverage on American Express in a report on Thursday, March 31st. They set a "hold" rating for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $192.26. Read more …

 


Manulife Financial (NYSE:MFC) (TSE:MFC) was downgraded by investment analysts at Canaccord Genuity Group from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday, Briefing.com reports.

A number of other research firms have also recently commented on MFC. TD Securities lowered their price target on Manulife Financial from C$37.00 to C$34.00 in a report on Thursday. Scotiabank lowered their price target on Manulife Financial from C$30.00 to C$28.00 in a report on Monday, May 2nd. BMO Capital Markets cut Manulife Financial from an "outperform" rating to a "market perform" rating in a report on Thursday. National Bank Financial reduced their price objective on Manulife Financial from C$28.00 to C$26.00 in a research note on Thursday. Finally, Canaccord Genuity Group downgraded Manulife Financial from a "buy" rating to a "hold" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Manulife Financial currently has a consensus rating of "Hold" and a consensus price target of $29.90. Read more …

 


United Parcel Service (NYSE:UPS) was downgraded by stock analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research report issued on Friday, The Fly reports. They currently have a $202.00 price objective on the transportation company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 13.07% from the stock's current price.

Several other equities research analysts have also weighed in on the company. Susquehanna dropped their price target on United Parcel Service from $218.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 27th. Wolfe Research restated a "peer perform" rating on shares of United Parcel Service in a research report on Tuesday, April 5th. BNP Paribas upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $191.00 price objective for the company in a research note on Thursday, January 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $221.00 to $216.00 and set a "hold" rating for the company in a research note on Wednesday, February 2nd. Finally, Loop Capital upgraded United Parcel Service from a "hold" rating to a "buy" rating and decreased their price target for the stock from $232.00 to $189.00 in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average target price of $225.04. Read more …

 

February 27, 2022

Dividend Increases Week 8 (Part 2)



 

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, 27 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the second part of the week’s notifications.

 

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.

 

 

 

 

 

Cogent Communications Holdings, Inc. (CCOI)

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

On February 24, CCOI declared a quarterly dividend of $0.855 per share.

This is a 3.0% increase from prior dividend of $0.83. 

Payable March 25 for shareholders of record April 9, ex-div April 8.

 

Cohen & Steers, Inc. (CNS)

Cohen & Steers, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries. Cohen & Steers, Inc. was founded in 1986 and is based in New York.

On February 24, CNS declared a quarterly dividend of $0.55 per share.

This is a 22.2% increase from prior dividend of $0.45. 

Payable March 17 for shareholders of record March 7, ex-div March 4.

 

WesBanco, Inc. (WSBC)

WesBanco, Inc. operates as the bank holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. It operates in two segments, Community Banking, and Trust and Investment Services. WesBanco, Inc. was founded in 1870 and is headquartered in Wheeling, West Virginia.

On February 24, WSBC declared a quarterly dividend of $0.34 per share.

This is a 3.0% increase from prior dividend of $0.33. 

Payable April 1 for shareholders of record March 11, ex-div March 10.

 

Essex Property Trust, Inc. (ESS)

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

On February 24, ESS declared a quarterly dividend of $2.20 per share.

This is a 5.3% increase from prior dividend of $2.09. 

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

 

National Storage Affiliates Trust (NSA)

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States.

On February 24, NSA declared a quarterly dividend of $0.50 per share.

This is an 11.1% increase from prior dividend of $0.45. 

Payable March 31 for shareholders of record March 15, ex-div March 14.

 

 

LeMaitre Vascular, Inc. (LMAT)

LeMaitre Vascular, Inc. designs, markets, sells, services, and supports medical devices and implants for the treatment of peripheral vascular disease worldwide. It offers angioscope, a fiberoptic catheter used for viewing the lumen of a blood vessel; embolectomy catheters to remove blood clots from arteries or veins; occlusion catheters that temporarily occlude the blood flow; perfusion catheters to perfuse the blood and other fluids into the vasculature; and thrombectomy catheters, which features a silicone balloon for removing thrombi in the venous system. LeMaitre Vascular, Inc. was incorporated in 1983 and is headquartered in Burlington, Massachusetts.

On February 24, LMAT declared a quarterly dividend of $0.125 per share.

This is a 13.6% increase from prior dividend of $0.11. 

Payable March 24 for shareholders of record March 8, ex-div March 7.

 

Albemarle Corporation (ALB)

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

On February 24, ALB declared a quarterly dividend of $0.395 per share.

This is a 1.3% increase from prior dividend of $0.39. 

Payable April 1 for shareholders of record March 18, ex-div March 17.

 

Southwest Gas Holdings, Inc. (SWX)

Southwest Gas Holdings, Inc., through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates in two segments, Natural Gas Operations and Utility Infrastructure Services. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

On February 24, SWX declared a quarterly dividend of $0.62 per share.

This is a 4.2% increase from prior dividend of $0.595. 

Payable June 1 for shareholders of record May 16, ex-div May 13.

 

Sempra (SRE)

Sempra operates as an energy-services holding company in the United States and internationally. The company’s San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. Sempra was founded in 1998 and is headquartered in San Diego, California.

On February 25, SRE declared a quarterly dividend of $1.145 per share.

This is a 4.1% increase from prior dividend of $1.10. 

Payable April 15 for shareholders of record March 25, ex-div March 24.

 

Northrim BanCorp, Inc. (NRIM)

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates in two segments, Community Banking and Home Mortgage Lending. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

On February 25, NRIM declared a quarterly dividend of $0.41 per share.

This is a 7.9% increase from prior dividend of $0.38. 

Payable March 18 for shareholders of record March 10, ex-div March 9.

 

 

Old Republic International Corporation (ORI)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business. Old Republic International Corporation was founded in 1923 and is based in Chicago, Illinois.

On February 25, ORI declared a quarterly dividend of $0.23 per share.

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

Payable March 15 for shareholders of record March 7, ex-div March 4.

 

Prologis, Inc. (PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

On February 24, PLD declared a quarterly dividend of $0.79 per share.

This is a 24.5% increase from prior dividend of $0.63. 

Payable March 31 for shareholders of record March 18, ex-div March 17.

 

L3Harris Technologies, Inc. (LHX)

L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

On February 25, LHX declared a quarterly dividend of $1.12 per share.

This is a 9.8% increase from prior dividend of $1.02. 

Payable March 25 for shareholders of record March 11, ex-div March 10.