Showing posts with label GLW. Show all posts
Showing posts with label GLW. Show all posts

May 27, 2022

Notable Analyst Upgrades and Downgrades for Week of May 23 2022



 

Upgrades:

 


Consolidated Edison (NYSE:ED) was upgraded by research analysts at Guggenheim from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $94.00 price target on the utilities provider’s stock. Guggenheim’s target price would suggest a potential downside of 6.37% from the stock’s previous close.

Several other equities research analysts also recently commented on ED. The Goldman Sachs Group boosted their target price on shares of Consolidated Edison from $65.00 to $83.00 and gave the company a “sell” rating in a research note on Thursday, March 31st. Royal Bank of Canada upped their price target on shares of Consolidated Edison from $88.00 to $89.00 and gave the stock a “sector perform” rating in a research report on Monday, March 28th. Wells Fargo & Company downgraded shares of Consolidated Edison from an “equal weight” rating to a “sell” rating and upped their price target for the stock from $85.00 to $94.00 in a research report on Tuesday, May 3rd. KeyCorp upped their price target on shares of Consolidated Edison from $71.00 to $72.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 20th. Finally, Credit Suisse Group began coverage on shares of Consolidated Edison in a research report on Monday, April 25th. They set a “neutral” rating and a $100.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.58. Read more …

 


DTE Energy (NYSE:DTE) was upgraded by analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has a $140.00 target price on the utilities provider’s stock, down from their previous target price of $142.00. Credit Suisse Group’s target price points to a potential upside of 4.37% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Argus lifted their price objective on shares of DTE Energy from $130.00 to $132.00 in a report on Thursday, March 10th. Bank of America upgraded shares of DTE Energy from an “underperform” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Tuesday, February 15th. Citigroup boosted their price target on shares of DTE Energy from $134.00 to $146.00 in a report on Tuesday, May 3rd. StockNews.com began coverage on shares of DTE Energy in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley lifted their price objective on shares of DTE Energy from $133.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $130.91. Read more …

 


JPMorgan Chase & Co. (NYSE:JPM) was upgraded by Societe Generale from a “hold” rating to a “buy” rating in a report issued on Tuesday, Briefing.com reports.

A number of other research analysts also recently weighed in on JPM. Argus lowered their price objective on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. The Goldman Sachs Group set a $151.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, April 14th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $147.00 price objective on the stock in a research report on Monday, March 21st. Royal Bank of Canada set a $175.00 price objective on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Thursday, April 14th. Finally, Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $161.67. Read more …

 

 


Air Products and Chemicals (NYSE:APD) was upgraded by investment analysts at Atlantic Securities from a "neutral" rating to an "overweight" rating in a report issued on Wednesday, The Fly reports. The brokerage presently has a $290.00 price target on the basic materials company's stock, up from their previous price target of $280.00. Atlantic Securities' target price would indicate a potential upside of 22.46% from the stock's current price.

APD has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Air Products and Chemicals from $300.00 to $272.00 in a research report on Tuesday, May 10th. BMO Capital Markets downgraded shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $383.00 to $280.00 in a report on Tuesday, February 8th. Credit Suisse Group reduced their price target on shares of Air Products and Chemicals from $302.00 to $290.00 and set an "outperform" rating on the stock in a report on Friday, May 20th. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a "neutral" rating to an "overweight" rating and set a $275.00 price objective on the stock in a research note on Monday, March 21st. Finally, Wells Fargo & Company lowered shares of Air Products and Chemicals from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $275.00 to $255.00 in a research report on Wednesday, May 11th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Buy" and an average price target of $303.00. 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 5, 2022

Dividend Increases Week 5 (Part 1)



 

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, 28 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period. This is the first part of the weeks 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.

 

 

 

 

 

German American Bancorp, Inc. (GABC)

German American Bancorp, Inc. operates as the bank holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. German American Bancorp, Inc. was founded in 1910 and is based in Jasper, Indiana.

On January 31, GABC declared a quarterly dividend of $0.23 per share.

This is a 9.5% increase from prior dividend of $0.21. 

Payable February 20 for shareholders of record February 10, ex-div February 9.

 

United Parcel Service, Inc. (UPS)

United Parcel Service, Inc. provides letter and package delivery, transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.

On February 1, UPS declared a quarterly dividend of $1.52 per share.

This is a 49.0% increase from prior dividend of $1.02. 

Payable March 10 for shareholders of record February 22, ex-div February 18.

 

CSG Systems International, Inc. (CSGS)

CSG Systems International, Inc. provides revenue management, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 1994 and is headquartered in Greenwood Village, Colorado.

On February 1, CSGS declared a quarterly dividend of $0.265 per share.

This is a 6.0% increase from prior dividend of $0.25. 

Payable March 30 for shareholders of record March 18, ex-div March 17.

 

Gilead Sciences, Inc. (GILD)

Gilead Sciences, Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The company was founded in 1987 and is headquartered in Foster City, California.

On February 1, GILD declared a quarterly dividend of $0.73 per share.

This is a 2.8% increase from prior dividend of $0.71. 

Payable March 30 for shareholders of record March 15, ex-div March 14.

 

Midland States Bancorp, Inc. (MSBI)

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. The company was founded in 1881 and is headquartered in Effingham, Illinois.

On February 1, MSBI declared a quarterly dividend of $0.29 per share.

This is a 3.6% increase from prior dividend of $0.28. 

Payable February 18 for shareholders of record February 11, ex-div February 10.

 

 

Old Dominion Freight Line, Inc. (ODFL)

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. It owns 9,288 tractors and 42 maintenance centers. As of August 3, 2021, it owned 248 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.

On February 2, ODFL declared a quarterly dividend of $0.30 per share.

This is a 50.0% increase from prior dividend of $0.20. 

Payable March 16 for shareholders of record March 2, ex-div March 1.

 

Brookfield Infrastructure Partners L.P. (BIP)

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company was incorporated in 2007 and is based in Hamilton, Bermuda. Brookfield Infrastructure Partners L.P. is a subsidiary of Brookfield Asset Management Inc.

On February 2, BIP declared a quarterly dividend of $0.54 per share.

This is a 5.9% increase from prior dividend of $0.51. 

Payable March 31 for shareholders of record February 28, ex-div February 25.

 

Corning Incorporated (GLW)

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

On February 2, GLW declared a quarterly dividend of $0.27 per share.

This is a 12.5% increase from prior dividend of $0.24. 

Payable March 30 for shareholders of record February 28, ex-div February 25.

 

Eversource Energy (ES)

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.

On February 2, ES declared a quarterly dividend of $0.6375 per share.

This is a 5.8% increase from prior dividend of $0.6025.  

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

 

Hawkins, Inc. (HWKN)

Hawkins, Inc. blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The company was founded in 1938 and is headquartered in Roseville, Minnesota.

On February 2, HWKN declared a quarterly dividend of $0.14 per share.

This is a 7.7% increase from prior dividend of $0.14. 

Payable March 4 for shareholders of record February 18, ex-div February 17.

 

 

ALLETE, Inc. (ALE)

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

On February 3, ALE declared a quarterly dividend of $0.65 per share.

This is a 3.2% increase from prior dividend of $0.63. 

Payable March 1 for shareholders of record February 15, ex-div February 14.

 

PNM Resources, Inc. (PNM)

PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. PNM Resources, Inc. was incorporated in 1917 and is headquartered in Albuquerque, New Mexico.

On February 3, PNM declared a quarterly dividend of $0.3475 per share.

This is a 6.1% increase from prior dividend of $0.3275. 

Payable February 24 for shareholders of record February 14, ex-div February 11.

 

Quest Diagnostics Incorporated (DGX)

Quest Diagnostics Incorporated provides diagnostic testing, information, and services in the United States and internationally. The company develops and delivers diagnostic information services, such as routine testing, non-routine and advanced clinical testing, anatomic pathology testing, and other diagnostic information services. Quest Diagnostics Incorporated was founded in 1967 and is headquartered in Secaucus, New Jersey.

On February 3, GDX declared a quarterly dividend of $0.66 per share.

This is a 6.5% increase from prior dividend of $0.62. 

Payable April 20 for shareholders of record April 6, ex-div April 5.

 

BCE Inc. (BCE)

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.

On February 3, BCE declared a quarterly dividend of C$0.92 per share.

This is a 5.1% increase from prior dividend of C$0.875. 

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

 

Enviva Inc. (EVA)

Enviva Inc. produces and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, Europe, and Japan. The company was formerly known as Enviva Partners, LP. Enviva Inc. was founded in 2013 and is headquartered in Bethesda, Maryland.

On February 3, EVA declared a quarterly dividend of $0.86 per share.

This is a 2.4% increase from prior dividend of $0.84. 

Payable February 25 for shareholders of record February 14, ex-div February 11.

 

January 28, 2022

Notable Analyst Upgrades and Downgrades for Week of January 24 2022 (Part 2)



 

Upgrades:

 


Williams-Sonoma (NYSE:WSM) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report released on Thursday, The Fly reports.

Several other research firms also recently commented on WSM. Loop Capital raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, December 22nd. Telsey Advisory Group raised their target price on shares of Williams-Sonoma from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 19th. Wedbush cut their target price on shares of Williams-Sonoma from $250.00 to $190.00 in a research report on Wednesday, January 5th. Wells Fargo & Company cut their target price on shares of Williams-Sonoma from $205.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 5th. Finally, Citigroup cut their target price on shares of Williams-Sonoma from $225.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 18th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $179.35. Read more …

 


Apple (NASDAQ:AAPL) was upgraded by stock analysts at New Street Research from a "sell" rating to a "neutral" rating in a report released on Friday, Briefing.com reports. The brokerage currently has a $165.00 price target on the iPhone maker's stock. New Street Research's price objective points to a potential upside of 3.63% from the stock's current price.

A number of other equities analysts have also issued reports on the stock. Morgan Stanley raised their price target on shares of Apple from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday. Raymond James upped their target price on shares of Apple from $185.00 to $190.00 and gave the stock an "outperform" rating in a research note on Friday. Credit Suisse Group initiated coverage on Apple in a report on Friday, October 29th. They issued a "neutral" rating and a $150.00 price objective for the company. Cowen increased their price objective on Apple from $180.00 to $200.00 in a research report on Friday. Finally, Piper Sandler raised their price target on Apple from $175.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, January 14th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $186.59. Read more …

 


Crown Castle International (NYSE:CCI) was upgraded by investment analysts at Raymond James to an "outperform" rating in a research report issued on Friday, Stock Target Advisor reports. The firm currently has a $184.00 price objective on the real estate investment trust's stock. Raymond James' price objective points to a potential upside of 7.24% from the stock's previous close.

Several other equities analysts have also issued reports on the stock. Citigroup lifted their target price on shares of Crown Castle International from $200.00 to $204.00 in a report on Thursday. Morgan Stanley lowered their target price on shares of Crown Castle International from $208.00 to $207.00 and set an "overweight" rating for the company in a report on Wednesday. Wolfe Research initiated coverage on shares of Crown Castle International in a report on Wednesday, October 13th. They set an "underperform" rating and a $162.00 target price for the company. Credit Suisse Group upgraded shares of Crown Castle International from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $192.00 to $195.00 in a report on Tuesday, October 19th. Finally, Jefferies Financial Group lowered shares of Crown Castle International from a "buy" rating to a "hold" rating and lowered their target price for the company from $226.00 to $203.00 in a report on Monday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Crown Castle International has an average rating of "Buy" and an average target price of $201.38. Read more …

 

 


General Dynamics (NYSE:GD) was upgraded by equities research analysts at Wolfe Research to a "peer perform" rating in a research report issued to clients and investors on Friday, Stock Target Advisor reports.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of General Dynamics from $230.00 to $235.00 and gave the stock an "overweight" rating in a report on Monday, January 10th. Susquehanna Bancshares boosted their price objective on shares of General Dynamics from $225.00 to $240.00 and gave the stock a "positive" rating in a report on Thursday, October 28th. Susquehanna boosted their price objective on shares of General Dynamics from $225.00 to $240.00 and gave the stock a "positive" rating in a report on Thursday, October 28th. Finally, UBS Group upgraded shares of General Dynamics from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $220.00 to $245.00 in a report on Tuesday, December 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $216.92. Read more …