Notable Analyst Upgrades and Downgrades for Week of March 7 2022 (Part 2)

 

Upgrades:

 

Emerson Electric (NYSE:EMR) was upgraded by equities research analysts at Oppenheimer to an "outperform" rating in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. The brokerage presently has a $110.00 price target on the industrial products company's stock. Oppenheimer's price target points to a potential upside of 17.40% from the company's previous close.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley increased their target price on shares of Emerson Electric from $102.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 3rd. Sanford C. Bernstein initiated coverage on shares of Emerson Electric in a research note on Monday, January 10th. They issued a "market perform" rating and a $100.00 price objective for the company. Royal Bank of Canada upgraded Emerson Electric from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $104.00 to $116.00 in a research report on Tuesday, January 4th. Mizuho began coverage on Emerson Electric in a report on Thursday, December 16th. They issued a "neutral" rating and a $100.00 price target for the company. Finally, Citigroup increased their price objective on Emerson Electric from $120.00 to $123.00 in a report on Thursday, February 3rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of "Buy" and an average price target of $108.42. Read more …

 

J.B. Hunt Transport Services (NASDAQ:JBHT) was upgraded by investment analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a note issued to investors on Wednesday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of J.B. Hunt Transport Services from an "underweight" rating to a "neutral" rating and upped their target price for the company from $175.00 to $203.00 in a report on Friday, February 18th. Citigroup raised their target price on shares of J.B. Hunt Transport Services from $205.00 to $230.00 in a report on Wednesday, January 12th. Wells Fargo & Company raised their target price on shares of J.B. Hunt Transport Services from $233.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, January 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of J.B. Hunt Transport Services from $198.00 to $210.00 and gave the stock a "hold" rating in a report on Thursday, January 20th. Finally, Raymond James increased their price target on shares of J.B. Hunt Transport Services from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Friday, January 7th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Buy" and a consensus target price of $203.88. Read more …

 

Paychex (NASDAQ:PAYX) was upgraded by research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a note issued to investors on Wednesday, The Fly reports.

Several other research analysts have also commented on the company. Cowen upgraded Paychex from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $130.00 to $145.00 in a report on Tuesday, January 11th. Stifel Nicolaus lifted their target price on Paychex from $118.00 to $140.00 and gave the company a "hold" rating in a research report on Thursday, December 23rd. Barclays boosted their price objective on Paychex from $115.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 23rd. Finally, Morgan Stanley upped their price target on Paychex from $105.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, December 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $121.21.

Shares of PAYX stock opened at $118.43 on Wednesday. The stock's fifty day moving average is $122.10 and its two-hundred day moving average is $120.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $42.72 billion, a P/E ratio of 33.55, a PEG ratio of 4.53 and a beta of 0.97. Paychex has a fifty-two week low of $92.74 and a fifty-two week high of $138.96. Read more …

 

 

Hormel Foods (NYSE:HRL) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a report released on Thursday, The Fly reports. The firm presently has a $57.00 target price on the stock. Argus’ price target indicates a potential upside of 14.21% from the stock’s current price.

Several other research firms have also recently commented on HRL. BMO Capital Markets reiterated a “hold” rating on shares of Hormel Foods in a report on Friday, December 10th. TheStreet upgraded shares of Hormel Foods from a “c+” rating to a “b-” rating in a report on Friday, December 17th. Credit Suisse Group boosted their price target on shares of Hormel Foods from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, March 2nd. Piper Sandler boosted their price target on shares of Hormel Foods from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, March 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Hormel Foods from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, March 2nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Hormel Foods presently has an average rating of “Hold” and an average price target of $49.67. Read more …

Notable Analyst Upgrades and Downgrades for Week of January 10 2022 (Part 1)

 

Upgrades:

 

CVS Health (NYSE:CVS) was upgraded by stock analysts at Edward Jones from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also recently weighed in on the stock. Seaport Research Partners assumed coverage on shares of CVS Health in a research report on Wednesday, December 1st. They set a “buy” rating and a $110.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of CVS Health in a report on Tuesday, December 14th. They issued a “buy” rating and a $121.00 target price for the company. Citigroup increased their target price on shares of CVS Health from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, November 4th. They noted that the move was a valuation call. Seaport Global Securities started coverage on shares of CVS Health in a report on Wednesday, December 1st. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of CVS Health in a report on Wednesday, December 1st. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $111.73. Read more …

 

Kimco Realty (NYSE:KIM) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Monday, The Fly reports. The firm currently has a $29.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $24.00. Jefferies Financial Group’s price objective would suggest a potential upside of 17.93% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Argus raised Kimco Realty from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 5th. Truist upped their target price on Kimco Realty from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, December 10th. Wolfe Research began coverage on shares of Kimco Realty in a research note on Thursday, September 23rd. They set a “market perform” rating and a $24.00 target price for the company. BTIG Research reaffirmed a “hold” rating on shares of Kimco Realty in a research note on Sunday, September 26th. Finally, Evercore ISI upgraded Kimco Realty from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $24.00 to $26.00 in a research report on Monday, November 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $25.81. Read more …

 

Kinder Morgan (NYSE:KMI) was upgraded by equities research analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a report issued on Monday, The Fly reports. The brokerage currently has a $17.00 target price on the pipeline company’s stock, up from their previous target price of $16.00. Wolfe Research’s target price suggests a potential downside of 2.19% from the stock’s current price.

KMI has been the subject of a number of other reports. Zacks Investment Research cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Wednesday, October 27th. Bank of America started coverage on shares of Kinder Morgan in a report on Tuesday, September 28th. They set a “neutral” rating for the company. Finally, Mizuho reduced their target price on shares of Kinder Morgan from $22.00 to $21.00 and set a “buy” rating for the company in a report on Monday, December 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.92. Read more …

 

 

L3Harris Technologies (NYSE:LHX) was upgraded by research analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research note issued to investors on Tuesday, Price Targets.com reports. The brokerage presently has a $266.00 price objective on the stock. Wolfe Research's price target would indicate a potential upside of 19.05% from the company's current price.

A number of other equities research analysts have also recently commented on the company. UBS Group cut L3Harris Technologies from a "buy" rating to a "neutral" rating and dropped their target price for the company from $260.00 to $235.00 in a research report on Tuesday, December 14th. Robert W. Baird raised shares of L3Harris Technologies from a "neutral" rating to an "outperform" rating and set a $248.00 price target on the stock in a research note on Thursday, January 6th. The Goldman Sachs Group lowered shares of L3Harris Technologies from a "neutral" rating to a "sell" rating and set a $207.00 price target on the stock. in a research note on Thursday, September 23rd. Wells Fargo & Company raised shares of L3Harris Technologies from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $243.00 to $254.00 in a research note on Monday. Finally, Morgan Stanley decreased their target price on shares of L3Harris Technologies from $238.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $243.77. Read more …

Notable Analyst Upgrades and Downgrades for Week of October 4, 2021

 

Upgrades:

 

DuPont de Nemours (NYSE:DD) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Monday, PriceTargets.com reports. The firm currently has a $85.00 price target on the basic materials company's stock, up from their previous price target of $84.00. JPMorgan Chase & Co.'s price objective suggests a potential upside of 22.96% from the stock's current price. The analysts noted that the move was a valuation call.

Several other research firms have also issued reports on DD. Citigroup increased their price target on shares of DuPont de Nemours from $96.00 to $102.00 and gave the stock a "buy" rating in a research report on Wednesday, August 4th. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 13th. Zacks Investment Research lowered shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating and set a $83.00 price target on the stock. in a research report on Thursday, July 15th. KeyCorp reiterated a "buy" rating and set a $93.00 price target on shares of DuPont de Nemours in a research report on Thursday, September 16th. Finally, TheStreet upgraded shares of DuPont de Nemours from a "d+" rating to a "c" rating in a research report on Tuesday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $88.59. Read more …

 

Union Pacific (NYSE:UNP) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, The Fly reports. The brokerage presently has a $260.00 price target on the railroad operator’s stock, up from their prior price target of $240.00. Barclays‘s price target indicates a potential upside of 28.88% from the company’s current price.

UNP has been the subject of a number of other reports. Evercore ISI restated a “buy” rating and issued a $228.00 target price on shares of Union Pacific in a research note on Friday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Union Pacific from $256.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, September 17th. Wells Fargo & Company upped their price target on Union Pacific from $226.00 to $231.00 and gave the company an “equal weight” rating in a research report on Friday, July 9th. Royal Bank of Canada upped their price target on Union Pacific from $259.00 to $261.00 and gave the company an “outperform” rating in a research report on Friday, July 23rd. Finally, Atlantic Securities assumed coverage on Union Pacific in a research report on Monday, July 12th. They issued an “overweight” rating and a $263.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Buy” and an average target price of $243.82. Read more …

 

Freeport-McMoRan (NYSE:FCX) was upgraded by equities researchers at BNP Paribas from a "neutral" rating to an "outperform" rating in a report released on Wednesday, FinViz reports. The brokerage presently has a $39.50 price objective on the natural resource company's stock. BNP Paribas' price objective points to a potential upside of 22.67% from the stock's previous close.

Several other brokerages have also recently weighed in on FCX. Royal Bank of Canada lifted their price objective on shares of Freeport-McMoRan from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Friday, July 23rd. Bank of America assumed coverage on Freeport-McMoRan in a report on Wednesday, September 29th. They set a "buy" rating on the stock. Credit Suisse Group downgraded Freeport-McMoRan from a "neutral" rating to an "underperform" rating and set a $29.00 target price on the stock. in a research report on Friday, September 10th. Zacks Investment Research downgraded Freeport-McMoRan from a "hold" rating to a "sell" rating and set a $37.00 price target for the company. in a research note on Thursday, August 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Freeport-McMoRan from $47.00 to $46.00 and set a "buy" rating on the stock in a research note on Thursday, September 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $38.37. Read more …

 

 

Phillips 66 (NYSE:PSX) was upgraded by Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday, FinViz reports. The brokerage presently has a $87.00 price target on the oil and gas company’s stock, up from their previous price target of $85.00. Piper Sandler’s price objective indicates a potential upside of 12.48% from the stock’s current price.

PSX has been the topic of several other research reports. decreased their price target on Phillips 66 from $126.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, July 9th. Morgan Stanley started coverage on Phillips 66 in a research report on Tuesday, September 7th. They set an “equal weight” rating and a $80.00 target price on the stock. cut their price objective on Phillips 66 from $126.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 9th. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $96.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, June 24th. Finally, Citigroup cut shares of Phillips 66 from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $75.00 in a report on Thursday, August 26th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $84.31. Read more …

 

Notable Analyst Upgrades and Downgrades for Week of April 5, 2021

 

Upgrades:

 

The Charles Schwab (NYSE:SCHW) was upgraded by analysts at The Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a note issued to investors on Monday, The Fly reports.

Several other research analysts have also recently weighed in on SCHW. JPMorgan Chase & Co. assumed coverage on The Charles Schwab in a research report on Thursday, March 4th. They issued an “overweight” rating on the stock. Wolfe Research raised The Charles Schwab from an “underperform” rating to a “market perform” rating and set a $67.00 price objective on the stock in a research report on Monday, February 22nd. Zacks Investment Research cut The Charles Schwab from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a research report on Tuesday, March 9th. Wells Fargo & Company boosted their target price on The Charles Schwab from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, January 20th. Finally, Morgan Stanley boosted their target price on The Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, March 31st. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $57.14. Read more …

 

Freeport-McMoRan (NYSE:FCX) was upgraded by stock analysts at Raymond James from a "market perform" rating to an "outperform" rating in a research note issued to investors on Tuesday, Briefing.com reports. The firm presently has a $41.00 price target on the natural resource company's stock. Raymond James' price objective would suggest a potential upside of 15.95% from the company's current price.

Several other equities analysts also recently issued reports on the stock. B. Riley increased their price objective on shares of Freeport-McMoRan from $32.00 to $42.00 and gave the company a "buy" rating in a report on Tuesday, February 23rd. TheStreet upgraded Freeport-McMoRan from a "c" rating to a "b-" rating in a report on Tuesday, January 26th. Deutsche Bank Aktiengesellschaft increased their target price on Freeport-McMoRan from $20.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, January 13th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Freeport-McMoRan in a research note on Tuesday, March 30th. Finally, Johnson Rice initiated coverage on Freeport-McMoRan in a research note on Wednesday, December 16th. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Freeport-McMoRan presently has an average rating of "Buy" and an average price target of $24.38. Read more …

 

ViacomCBS (NASDAQ:VIAC) was upgraded by Wolfe Research from a "peer perform" rating to an "outperform" rating in a report released on Wednesday, Price Targets.com reports. The brokerage presently has a $70.00 target price on the stock, down from their previous target price of $80.00. Wolfe Research's target price points to a potential upside of 59.49% from the company's previous close.

VIAC has been the topic of several other reports. BMO Capital Markets upgraded shares of ViacomCBS from an "underperform" rating to a "market perform" rating and set a $70.00 price target on the stock in a research note on Monday, March 29th. Loop Capital raised shares of ViacomCBS from a "sell" rating to a "hold" rating and set a $48.00 target price for the company in a report on Monday, March 29th. Citigroup downgraded shares of ViacomCBS from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $42.00 to $49.00 in a report on Monday, February 1st. Morgan Stanley boosted their target price on shares of ViacomCBS from $35.00 to $55.00 and gave the company an "equal weight" rating in a research report on Thursday, February 25th. Finally, Needham & Company LLC boosted their target price on shares of ViacomCBS from $55.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, March 3rd. Eight equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. The company has a consensus rating of "Hold" and a consensus target price of $47.46. Read more …

 

 

Tractor Supply (NASDAQ:TSCO) was upgraded by equities research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, The Fly reports.

TSCO has been the topic of several other research reports. The Goldman Sachs Group boosted their target price on shares of Tractor Supply from $170.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Telsey Advisory Group boosted their target price on shares of Tractor Supply from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, January 29th. Royal Bank of Canada boosted their target price on shares of Tractor Supply from $168.00 to $175.00 in a report on Thursday, January 21st. Morgan Stanley boosted their target price on shares of Tractor Supply from $155.00 to $156.00 and gave the stock an “equal weight” rating in a report on Friday, January 29th. Finally, Raymond James upped their price target on shares of Tractor Supply from $170.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Friday, January 29th. Eighteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $148.54. Read more …

Paychex, Inc. Set to Soar as Economy Reopens

 

COVID-19 Vaccine Could Be a Big Catalyst for Paychex, Inc.

 

One year into the COVID-19 pandemic and the end finally appears to be in sight.

 

In November, several biotech companies announced that they had produced effective vaccines. Yes, it will take months to ramp up production and immunize the general population. But the positive trial results put a definite timeline on the end of the economic lockdowns.

 

COVID-19 vaccines will provide a definite boost to the U.S. economy. Almost 15.0 million Americans lost their jobs as a result of the pandemic. But as governments loosen lockdown restrictions, many of those people will get back to work. (Source: “Unemployment Rose Higher in Three Months of COVID-19 Than It Did in Two Years of the Great Recession,” Pew Research Center, June 11, 2020.)

 

All of which means good news for Paychex, Inc. (NASDAQ:PAYX).

 

The company provides human resources, payroll, and benefits services to small and medium-sized businesses. In other words, it performs many of the boring back-office functions that companies need to keep their numbers straight. And this important service typically results in steady, recurring cash flows. That explains why Paychex stock has remained a member of the Automated Income model portfolio for years.

 

 

Admittedly, the pandemic presented two big problems for Paychex’s business. First, the company usually charges clients fees based on the number of their employees. So when businesses began laying off staff in the recession, that took a bite out of Paychex’s revenues. Second, Paychex earns interest income on funds held for clients. But with the Federal Reserve slashing yields to basically zero, the company has seen this passive income stream dry up.

 

Continue reading …

 

Notable Analyst Upgrades and Downgrades for Week of October 5, 2020

 

 

Upgrades:

 

ONEOK (NYSE:OKE) was upgraded by investment analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a research note issued on Monday, Briefing.com reports. The brokerage currently has a $36.00 price target on the utilities provider's stock. Wells Fargo & Company's price objective would suggest a potential upside of 35.70% from the company's current price.

 

OKE has been the topic of several other research reports. Argus cut ONEOK from a "buy" rating to a "hold" rating in a research report on Monday, August 3rd. Morgan Stanley lowered their target price on ONEOK from $26.00 to $25.00 and set an "underweight" rating on the stock in a research note on Friday, August 21st. Stifel Nicolaus lowered their target price on ONEOK from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Royal Bank of Canada boosted their price objective on ONEOK from $31.00 to $33.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Finally, Scotiabank cut ONEOK from a "sector outperform" rating to a "sector perform" rating and set a $31.00 target price for the company. in a research report on Monday, September 21st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of "Hold" and an average target price of $37.75. Read more …

 

Bank of Montreal (TSE:BMO) (NYSE:BMO) was upgraded by equities research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a report issued on Tuesday, BayStreet.CA reports.

 

A number of other research firms have also recently weighed in on BMO. Canaccord Genuity lifted their target price on shares of Bank of Montreal from C$79.00 to C$80.50 in a research note on Wednesday, August 19th. Royal Bank of Canada boosted their price target on shares of Bank of Montreal from C$75.00 to C$86.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 26th. TD Securities boosted their price target on shares of Bank of Montreal from C$84.00 to C$87.00 and gave the stock a "buy" rating in a research note on Wednesday, August 26th. Fundamental Research restated a "buy" rating and set a C$94.07 target price on shares of Bank of Montreal in a research report on Thursday, September 3rd. Finally, Credit Suisse Group upped their target price on shares of Bank of Montreal from C$75.00 to C$81.00 in a research report on Thursday, August 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. The company has an average rating of "Hold" and an average price target of C$85.27. Read more …

 

Diageo (NYSE:DEO) was upgraded by analysts at Jefferies Financial Group from an "underperform" rating to a "buy" rating in a report issued on Wednesday, The Fly reports.

 

A number of other analysts have also weighed in on the stock. UBS Group restated a "buy" rating on shares of Diageo in a research report on Monday, August 10th. Bryan, Garnier & Co raised shares of Diageo from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 8th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Diageo in a research note on Thursday, August 6th. Zacks Investment Research raised shares of Diageo from a "sell" rating to a "buy" rating and set a $148.00 price target for the company in a research note on Tuesday. Finally, HSBC assumed coverage on shares of Diageo in a research note on Wednesday, July 8th. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company's stock. The stock currently has a consensus rating of "Hold" and an average target price of $135.50. Read more …

 

 

 

 

Anheuser Busch Inbev (NYSE:BUD) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. Jefferies Financial Group also issued estimates for Anheuser Busch Inbev’s Q3 2020 earnings at $0.74 EPS, Q4 2020 earnings at $0.74 EPS, FY2020 earnings at $1.51 EPS, FY2021 earnings at $3.07 EPS and FY2022 earnings at $3.33 EPS.

 

Several other equities analysts have also issued reports on BUD. Evercore ISI raised shares of Anheuser Busch Inbev from an “in-line” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Thursday, July 30th. Barclays reissued an “equal weight” rating on shares of Anheuser Busch Inbev in a report on Friday, September 18th. Argus boosted their price objective on shares of Anheuser Busch Inbev from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. UBS Group reissued a “neutral” rating on shares of Anheuser Busch Inbev in a report on Thursday, July 9th. Finally, Kepler Capital Markets reissued a “buy” rating on shares of Anheuser Busch Inbev in a report on Sunday, September 6th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. Anheuser Busch Inbev has a consensus rating of “Hold” and an average target price of $63.00. Read more …

 

Notable Analyst Upgrades and Downgrades for Week of October 1, 2018

Upgrades:

United Parcel Service (NYSE:UPS) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Monday, The Fly reports. The brokerage presently has a $128.00 price target on the transportation company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 9.41% from the stock’s previous close. Several other equities analysts have also recently commented on the company. KeyCorp began coverage on United Parcel Service in a research note on Thursday, September 27th. They set a “sector weight” rating for the company. They noted that the move was a valuation call. Berenberg Bank began coverage on United Parcel Service in a research note on Friday, September 21st. They set a “hold” rating and a $125.00 target price for the company. They noted that the move was a valuation call. Loop Capital increased their target price on United Parcel Service to $145.00 and gave the company a “positive” rating in a research note on Friday, September 14th. Goldman Sachs Group set a $150.00 target price on United Parcel Service and gave the company a “buy” rating in a research note on Monday, September 10th. Finally, Raymond James upgraded United Parcel Service from a “market perform” rating to a “strong-buy” rating and set a $150.00 target price for the company in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $125.41. Read more …

Chevron (NYSE:CVX) was upgraded by Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a report released on Tuesday, The Fly reports. CVX has been the topic of several other reports. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Monday. Royal Bank of Canada set a $150.00 price objective on Chevron and gave the company a “hold” rating in a research note on Thursday, September 20th. HSBC raised Chevron from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Berenberg Bank began coverage on Chevron in a research note on Tuesday, September 11th. They issued a “hold” rating and a $135.00 price objective on the stock. Finally, Bank of America lowered Chevron from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $150.00 to $135.00 in a research note on Thursday, September 6th. Eight research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Chevron has a consensus rating of “Buy” and an average price target of $137.92. Read more …

Wolfe Research upgraded shares of General Electric (NYSE:GE) from a market perform rating to an outperform rating in a research report report published on Tuesday, Marketbeat.com reports. They currently have $16.00 price objective on the conglomerate’s stock, up from their prior price objective of $15.00. Other analysts also recently issued reports about the company. JPMorgan Chase & Co. set a $11.00 price target on General Electric and gave the company a sell rating in a research note on Monday, July 23rd. Gabelli restated a buy rating and issued a $21.00 price target on shares of General Electric in a research note on Monday, September 24th. Morningstar set a $15.70 price target on General Electric and gave the company a buy rating in a research note on Monday, August 13th. Zacks Investment Research downgraded General Electric from a hold rating to a sell rating in a research note on Monday, September 24th. Finally, Bank of America set a $16.00 price target on General Electric and gave the company a hold rating in a research note on Monday, September 24th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $16.50. Read more …

Credit Suisse Group upgraded shares of Paychex (NASDAQ:PAYX) from a neutral rating to a buy rating in a research note released on Tuesday morning, Marketbeat reports. They currently have $82.00 price target on the business services provider’s stock. A number of other analysts have also recently weighed in on PAYX. Stifel Nicolaus boosted their price target on Paychex from $66.00 to $69.00 and gave the stock a hold rating in a research report on Thursday, June 28th. ValuEngine raised Paychex from a hold rating to a buy rating in a research report on Monday, July 2nd. BidaskClub cut Paychex from a strong-buy rating to a buy rating in a research report on Tuesday. Morgan Stanley boosted their price target on Paychex from $66.00 to $67.00 and gave the stock an equal weight rating in a research report on Thursday, June 28th. Finally, Citigroup boosted their price target on Paychex from $64.00 to $67.00 and gave the stock a neutral rating in a research report on Thursday, June 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $69.69. Read more …

Notable Analyst Upgrades and Downgrades for Week of August 13, 2018

Upgrades:

Edward Jones upgraded shares of BCE (NYSE:BCE) (TSE:BCE) from a hold rating to a buy rating in a research report released on Monday, Marketbeat reports. Several other analysts have also issued reports on the company. ValuEngine lowered BCE from a hold rating to a sell rating in a research note on Friday, June 1st. Zacks Investment Research lowered BCE from a hold rating to a sell rating in a research note on Monday, April 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $56.00. Read more …

BAE Systems (LON:BA) was upgraded by research analysts at Morgan Stanley to an “overweight” rating in a research report issued on Monday. The firm presently has a GBX 750 ($9.57) price target on the stock, up from their previous price target of GBX 550 ($7.02). Morgan Stanley’s price target suggests a potential upside of 19.50% from the company’s previous close. Other equities analysts have also recently issued research reports about the company. Berenberg Bank upgraded BAE Systems to a “buy” rating and increased their target price for the stock from GBX 600 ($7.65) to GBX 700 ($8.93) in a report on Tuesday, April 24th. UBS Group reiterated a “buy” rating and set a GBX 720 ($9.18) target price on shares of BAE Systems in a report on Wednesday, August 1st. Jefferies Financial Group reiterated a “hold” rating and set a GBX 615 ($7.85) target price on shares of BAE Systems in a report on Friday, July 13th. Finally, JPMorgan Chase & Co. increased their target price on BAE Systems from GBX 550 ($7.02) to GBX 600 ($7.65) and gave the stock an “underweight” rating in a report on Wednesday, May 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. BAE Systems presently has a consensus rating of “Buy” and an average price target of GBX 669.58 ($8.54). Read more …

Eaton (NYSE:ETN) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Monday, MarketBeat reports. The firm currently has a $92.00 target price on the industrial products company’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 14.80% from the stock’s current price. Several other brokerages also recently issued reports on ETN. Royal Bank of Canada reiterated a “hold” rating and set a $80.00 price target on shares of Eaton in a report on Tuesday, July 31st. Wells Fargo & Co set a $92.00 price target on Eaton and gave the stock a “buy” rating in a report on Wednesday, August 1st. Barclays upped their price target on Eaton from $71.00 to $77.00 and gave the stock an “underweight” rating in a report on Wednesday, August 1st. Zacks Investment Research downgraded Eaton from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, ValuEngine upgraded Eaton from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.22. Read more …

Deutsche Bank upgraded shares of Norfolk Southern (NYSE:NSC) from a hold rating to a buy rating in a report published on Tuesday, The Fly reports. They currently have $205.00 target price on the railroad operator’s stock. A number of other equities analysts have also weighed in on the stock. Loop Capital boosted their price target on shares of Norfolk Southern to $140.00 and gave the stock a sell rating in a research report on Thursday, April 26th. TD Securities boosted their price target on shares of Norfolk Southern from $155.00 to $160.00 and gave the stock a hold rating in a research report on Thursday, April 26th. Stifel Nicolaus restated a hold rating and set a $158.00 price target on shares of Norfolk Southern in a research report on Saturday, June 2nd. Morgan Stanley boosted their price target on shares of Norfolk Southern from $100.00 to $103.00 and gave the stock an underweight rating in a research report on Thursday, April 26th. Finally, Credit Suisse Group lifted their target price on shares of Norfolk Southern from $155.00 to $165.00 and gave the stock an outperform rating in a research note on Thursday, April 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Norfolk Southern has a consensus rating of Hold and an average price target of $162.11. Read more …

Notable Analyst Upgrades and Downgrades for Week of April 16, 2018

Upgrades:

C. H. Robinson (NASDAQ:CHRW) was upgraded by stock analysts at UBS from a “neutral” rating to a “buy” rating in a report issued on Monday, The Fly reports. Several other analysts also recently commented on the company. Robert W. Baird reiterated a “hold” rating and set a $100.00 target price on shares of C. H. Robinson in a research note on Tuesday, April 10th. BidaskClub downgraded C. H. Robinson from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 7th. Morgan Stanley cut their target price on C. H. Robinson from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Friday, April 6th. Zacks Investment Research downgraded C. H. Robinson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, ValuEngine upgraded C. H. Robinson from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $82.71. Read more …

Costco Wholesale (NASDAQ:COST) was upgraded by stock analysts at Wells Fargo from a “market perform” rating to an “outperform” rating in a report released on Monday, MarketBeat reports. The firm currently has a $188.91 target price on the retailer’s stock, down from their previous target price of $191.42. Wells Fargo’s price target would indicate a potential downside of 3.62% from the company’s current price. A number of other analysts also recently issued reports on COST. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. BidaskClub raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 28th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Friday, January 12th. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price on the stock in a research report on Thursday, January 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $205.00 target price (down previously from $209.00) on shares of Costco Wholesale in a research report on Thursday, March 8th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $192.14. Read more …

Tractor Supply (NASDAQ:TSCO) was upgraded by equities research analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a report released on Monday, The Fly reports. Several other research firms have also weighed in on TSCO. Oppenheimer reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, February 1st. Zacks Investment Research lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Telsey Advisory Group lowered shares of Tractor Supply from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $62.00 to $83.00 in a report on Thursday, January 25th. They noted that the move was a valuation call. BidaskClub lowered shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Finally, Wolfe Research upgraded shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.11. Read more …

ABB Group (NYSE:ABB) was upgraded by analysts at UBS from a “sell” rating to a “neutral” rating in a report released on Tuesday, 247wallst.com reports. ABB has been the topic of a number of other research reports. Zacks Investment Research cut ABB Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. JPMorgan Chase reiterated a “neutral” rating on shares of ABB Group in a report on Wednesday, January 10th. Robert W. Baird cut ABB Group from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Wednesday, January 17th. Berenberg Bank upgraded ABB Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Jefferies Group reiterated a “sell” rating and issued a $23.00 target price on shares of ABB Group in a report on Wednesday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.00. Read more …

Notable Analyst Upgrades and Downgrades for Week of August 14, 2017

Upgrades:

Paychex, Inc. (NASDAQ:PAYX) was upgraded by investment analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday. The brokerage currently has a $55.00 price objective on the business services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 0.04% from the stock’s previous close. The analysts noted that the move was a valuation call. Continue reading …

Downgrades:

Deere & Company (NYSE:DE) was downgraded by Bank of America Corporation from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, The Fly reports. Continue reading …

Rio Tinto PLC (NYSE:RIO) was downgraded by Royal Bank Of Canada from a “top pick” rating to an “outperform” rating in a research report issued on Tuesday, Marketbeat reports. Continue reading …

Teva Pharmaceutical Industries Limited (NYSE:TEVA) was downgraded by equities research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports. Continue reading …

Eaton Corporation, PLC (NYSE:ETN) was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research note issued to investors on Thursday, The Fly reports. Continue reading …

Illinois Tool Works Inc. (NYSE:ITW) was downgraded by J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $132.00 target price on the industrial products company’s stock. J P Morgan Chase & Co’s price objective would suggest a potential downside of 3.08% from the stock’s current price. Continue reading …

Foot Locker, Inc. (NYSE:FL) was downgraded by stock analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating in a report released on Friday, The Fly reports. Continue reading …