Dividend Increases Week 11

 

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

 

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

 

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

 

 

 

 

 

Innovative Industrial Properties, Inc. (IIPR)

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

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

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

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

 

CareTrust REIT, Inc. (CTRE)

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

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

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

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

 

MGM Growth Properties LLC (MGP)

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

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

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

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

 

Fulton Financial Corporation (FULT)

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

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

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

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

 

Realty Income Corporation (O)

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

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

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

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

 

 

Shoe Carnival, Inc. (SCVL)

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

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

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

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

 

Williams-Sonoma, Inc. (WSM)

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

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

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

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

 

Investar Holding Corporation (ISTR)

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

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

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

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

 

Dollar General Corporation (DG)

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

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

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

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

 

Independent Bank Corp. (INDB)

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

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

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

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

 

 

UDR, Inc. (UDR)

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

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

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

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

 

Medifast, Inc. (MED)

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

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

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

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

 

Notable Analyst Upgrades and Downgrades for Week of February 7 2022

Upgrades:

 

American Water Works (NYSE:AWK) was upgraded by equities researchers at UBS Group from a “sell” rating to a “neutral” rating in a research report issued on Monday, Analyst Price Targets reports. The brokerage currently has a $161.00 price objective on the utilities provider’s stock, down from their prior price objective of $164.00. UBS Group’s price target would indicate a potential upside of 3.54% from the company’s previous close.

A number of other research analysts also recently weighed in on AWK. Barclays increased their price target on American Water Works from $174.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 8th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded American Water Works from a “neutral” rating to an “underweight” rating and cut their price target for the company from $172.00 to $171.00 in a research note on Friday, January 7th. The Goldman Sachs Group cut shares of American Water Works from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $191.00 to $177.00 in a research report on Wednesday, November 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of American Water Works from $170.00 to $162.00 and set an “underweight” rating for the company in a research report on Wednesday, January 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $179.11. Read more …

 

Black Hills (NYSE:BKH) was upgraded by equities researchers at Mizuho from a “neutral” rating to a “buy” rating in a research note issued on Monday, PriceTargets.com reports. The firm presently has a $71.00 target price on the utilities provider’s stock. Mizuho’s price objective indicates a potential upside of 9.30% from the company’s current price.

BKH stock opened at $64.96 on Monday. Black Hills has a one year low of $58.42 and a one year high of $72.78. The stock has a fifty day moving average of $67.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a market capitalization of $4.12 billion, a P/E ratio of 16.79, a PEG ratio of 3.20 and a beta of 0.48.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in Black Hills in the fourth quarter worth about $35,000. Point72 Hong Kong Ltd purchased a new stake in Black Hills in the third quarter worth about $42,000. Destiny Wealth Partners LLC purchased a new stake in Black Hills in the third quarter worth about $50,000. PSI Advisors LLC purchased a new stake in Black Hills in the third quarter worth about $75,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Black Hills during the third quarter valued at about $80,000. Hedge funds and other institutional investors own 86.76% of the company’s stock. Read more …

 

Hershey (NYSE:HSY) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

Other analysts have also issued research reports about the company. Mizuho upped their target price on Hershey from $196.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday. Stifel Nicolaus upped their target price on Hershey from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets upped their target price on Hershey from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Hershey from $193.00 to $206.00 and gave the company a “hold” rating in a research report on Friday. Finally, Morgan Stanley upped their target price on Hershey from $191.00 to $207.00 and gave the company an “equal weight” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Hershey presently has an average rating of “Buy” and a consensus price target of $209.54. Read more …

 

 

Federal Realty Investment Trust (NYSE:FRT) was upgraded by investment analysts at Capital One Financial from an "equal weight" rating to an "overweight" rating in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a $145.00 target price on the real estate investment trust's stock. Capital One Financial's price objective points to a potential upside of 18.09% from the stock's current price.

A number of other equities analysts have also commented on the stock. Truist Financial lifted their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, December 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Federal Realty Investment Trust from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, January 3rd. Citigroup lifted their price target on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Thursday, December 2nd. BMO Capital Markets raised shares of Federal Realty Investment Trust from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a research report on Wednesday, December 1st. Finally, JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $135.00 to $142.00 in a research report on Monday, December 20th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $131.25. Read more …

 

TFI International (NYSE:TFII) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Briefing.com reports.

Several other research analysts have also weighed in on the stock. Scotiabank raised their price objective on shares of TFI International from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a report on Monday, November 1st. Susquehanna Bancshares initiated coverage on shares of TFI International in a research report on Thursday, December 9th. They issued a “positive” rating and a $132.00 price target on the stock. Morgan Stanley raised their price target on shares of TFI International from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 2nd. Desjardins raised their price target on shares of TFI International from C$158.00 to C$161.00 and gave the stock a “buy” rating in a research report on Tuesday, November 2nd. Finally, Royal Bank of Canada raised their price target on shares of TFI International from $117.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, TFI International currently has a consensus rating of “Buy” and an average target price of $128.28. Read more …

 

Thomson Reuters (NYSE:TRI) (TSE:TRI) was upgraded by Canaccord Genuity Group from a “hold” rating to a “buy” rating in a report issued on Wednesday, Briefing.com reports. The firm currently has a $117.00 price target on the business services provider’s stock. Canaccord Genuity Group’s price target points to a potential upside of 9.29% from the stock’s previous close.

A number of other research firms have also recently commented on TRI. Exane BNP Paribas raised Thomson Reuters from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 3rd. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 11th. TD Securities upped their target price on Thomson Reuters from C$160.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday, November 3rd. BNP Paribas raised Thomson Reuters from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 3rd. Finally, upped their target price on Thomson Reuters from $108.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.73. Read more …

 

 

Visa (NYSE:V) was upgraded by equities research analysts at Erste Group to a “buy” rating in a report issued on Wednesday, TipRanks reports.

Other research analysts have also recently issued research reports about the company. BNP Paribas cut Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Monday, January 10th. UBS Group assumed coverage on Visa in a research note on Thursday, November 18th. They set a “buy” rating and a $275.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Visa from $267.00 to $277.00 and gave the company an “overweight” rating in a research note on Wednesday, October 27th. Exane BNP Paribas cut Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Monday, January 10th. Finally, Mizuho cut Visa from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $255.00 to $220.00 in a research note on Friday, January 7th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $267.54. Read more …

 

American Express (NYSE:AXP) was upgraded by research analysts at Daiwa Capital Markets from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Price Targets.com reports. The brokerage currently has a $215.00 price objective on the payment services company’s stock, up from their prior price objective of $190.00. Daiwa Capital Markets’ price objective indicates a potential upside of 8.71% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of American Express from $185.00 to $195.00 and gave the company a “sector perform” rating in a research note on Monday, October 25th. JPMorgan Chase & Co. reduced their target price on American Express from $215.00 to $198.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 19th. Morgan Stanley increased their price objective on American Express from $211.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, February 1st. Oppenheimer dropped their target price on American Express from $206.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, January 26th. Finally, Barclays raised their target price on American Express from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and an average price target of $188.44. Read more …

 

Lowe’s Companies (NYSE:LOW) was upgraded by stock analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

A number of other research firms have also recently commented on LOW. Telsey Advisory Group boosted their price target on shares of Lowe’s Companies from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, November 18th. Barclays upped their price objective on shares of Lowe’s Companies from $215.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, November 18th. Piper Sandler upped their price objective on shares of Lowe’s Companies from $231.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, November 18th. DA Davidson upped their price objective on shares of Lowe’s Companies from $286.00 to $292.00 in a research note on Thursday, December 30th. Finally, Wedbush upped their price objective on shares of Lowe’s Companies from $210.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, November 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $260.57. Read more …

 

 

Williams-Sonoma (NYSE:WSM) was upgraded by equities research analysts at Gordon Haskett from a “hold” rating to an “accumulate” rating in a report issued on Thursday, The Fly reports.

Several other analysts have also issued reports on WSM. JPMorgan Chase & Co. reduced their price target on shares of Williams-Sonoma from $200.00 to $191.00 and set an “underweight” rating on the stock in a research report on Friday, November 19th. Loop Capital upgraded 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 report on Wednesday, December 22nd. Royal Bank of Canada raised shares of Williams-Sonoma from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from $219.00 to $202.00 in a research note on Thursday, January 27th. Wedbush dropped their price objective on shares of Williams-Sonoma from $250.00 to $190.00 in a research note on Wednesday, January 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Williams-Sonoma from $205.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 5th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $180.14. Read more …

 

Walmart (NYSE:WMT) was upgraded by BNP Paribas from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday, Briefing.com reports. The brokerage presently has a $136.00 target price on the retailer’s stock. BNP Paribas’ price target would suggest a potential downside of 0.06% from the company’s current price.

WMT has been the topic of several other reports. UBS Group set a $180.00 price objective on shares of Walmart in a research note on Tuesday. Stifel Nicolaus reduced their target price on shares of Walmart from $160.00 to $155.00 and set a “hold” rating for the company in a report on Tuesday, November 16th. Truist Financial started coverage on shares of Walmart in a report on Thursday, January 13th. They set a “hold” rating and a $153.00 target price for the company. Royal Bank of Canada started coverage on shares of Walmart in a report on Thursday, January 27th. They set an “outperform” rating and a $160.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, November 10th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $169.00. Read more …

 

 

Downgrades:

 

Air Products and Chemicals (NYSE:APD) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Monday, The Fly reports. They presently have a $285.00 price objective on the basic materials company’s stock, down from their previous price objective of $337.00. Bank of America‘s price objective points to a potential upside of 8.33% from the company’s current price.

APD has been the subject of several other research reports. Wolfe Research cut shares of Air Products and Chemicals from an “outperform” rating to a “peer perform” rating and dropped their price objective for the company from $332.00 to $331.00 in a research note on Thursday, December 9th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $335.00 price objective for the company in a research note on Tuesday, January 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Air Products and Chemicals from $315.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, November 5th. Mizuho started coverage on shares of Air Products and Chemicals in a research note on Friday, November 5th. They set a “buy” rating and a $312.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on shares of Air Products and Chemicals from $312.00 to $338.00 and gave the company an “outperform” rating in a research note on Friday, October 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Buy” and an average price target of $319.25. Read more …

 

 

Royal Bank of Canada (NYSE:RY) (TSE:RY) was downgraded by equities researchers at Canaccord Genuity Group from a "buy" rating to a "hold" rating in a report released on Monday, The Fly reports.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group downgraded Royal Bank of Canada from a "buy" rating to a "hold" rating in a research note on Monday. TD Securities lowered their target price on Royal Bank of Canada from C$155.00 to C$150.00 and set a "buy" rating on the stock in a research report on Thursday, December 2nd. lowered their target price on Royal Bank of Canada from C$143.00 to C$141.00 and set a "buy" rating on the stock in a research report on Thursday, December 2nd. Bank of America downgraded Royal Bank of Canada from a "neutral" rating to an "underperform" rating in a research report on Monday, November 22nd. Finally, Zacks Investment Research downgraded Royal Bank of Canada from a "buy" rating to a "hold" rating in a research report on Tuesday, December 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $135.98. Read more …

 

Southern (NYSE:SO) was downgraded by investment analysts at Wells Fargo & Company from an "overweight" rating to an "equal weight" rating in a research note issued on Monday, The Fly reports. They presently have a $72.00 target price on the utilities provider's stock, down from their previous target price of $73.00. Wells Fargo & Company's price objective points to a potential upside of 4.82% from the company's current price.

SO has been the subject of several other research reports. Mizuho raised shares of Southern from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $55.00 to $60.00 in a research note on Monday, December 6th. UBS Group lowered shares of Southern from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 5th. Bank of America lowered shares of Southern from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $75.00 to $71.00 in a research note on Monday. Scotiabank lowered shares of Southern from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, December 15th. Finally, KeyCorp lifted their price objective on shares of Southern from $69.00 to $71.00 and gave the company an "overweight" rating in a research note on Thursday, January 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Southern currently has a consensus rating of "Hold" and an average price target of $70.44. Read more …

 

Stanley Black & Decker (NYSE:SWK) was downgraded by Citigroup from a "buy" rating to a "sell" rating in a note issued to investors on Monday, The Fly reports. They currently have a $145.00 target price on the industrial products company's stock, down from their previous target price of $215.00. Citigroup's target price would suggest a potential downside of 12.90% from the company's current price.

SWK has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $209.00 to $195.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Stanley Black & Decker from $207.00 to $224.00 and gave the company a "buy" rating in a research report on Friday, December 10th. Mizuho assumed coverage on shares of Stanley Black & Decker in a research report on Thursday, December 16th. They set a "buy" rating and a $222.00 price objective for the company. Bank of America downgraded Stanley Black & Decker from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $230.00 to $170.00 in a research note on Monday, November 1st. Finally, Zacks Investment Research raised Stanley Black & Decker from a "sell" rating to a "hold" rating and set a $198.00 price objective for the company in a research note on Monday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $203.80. Read more …

 

 

CME Group (NASDAQ:CME) was downgraded by equities researchers at Atlantic Securities from an "overweight" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They presently have a $250.00 price objective on the financial services provider's stock. Atlantic Securities' price objective suggests a potential upside of 3.02% from the stock's previous close.

Several other brokerages also recently commented on CME. Raymond James raised their price objective on CME Group from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 5th. TheStreet raised CME Group from a "c+" rating to a "b" rating in a research note on Wednesday, October 27th. Deutsche Bank Aktiengesellschaft lifted their price target on CME Group from $230.00 to $235.00 in a research note on Thursday, January 13th. Bank of America assumed coverage on CME Group in a research note on Thursday, December 16th. They issued an "underperform" rating and a $254.00 price target on the stock. Finally, Morgan Stanley lifted their price target on CME Group from $217.00 to $234.00 and gave the company an "equal weight" rating in a research note on Thursday, October 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $235.82. Read more …

 

TC Energy (NYSE:TRP) (TSE:TRP)'s stock had its "neutral" rating reiterated by analysts at Credit Suisse Group in a research report issued on Tuesday, Benzinga reports.

A number of other brokerages also recently issued reports on TRP. Raymond James initiated coverage on TC Energy in a report on Wednesday, December 22nd. They set a "strong-buy" rating on the stock. The Goldman Sachs Group downgraded TC Energy from a "neutral" rating to a "sell" rating and set a $45.00 price target on the stock. in a report on Thursday, January 13th. TheStreet upgraded TC Energy from a "c+" rating to a "b" rating in a report on Wednesday, January 19th. CIBC reduced their target price on TC Energy from C$72.00 to C$69.00 in a report on Tuesday, January 11th. Finally, National Bank Financial downgraded TC Energy from an "outperform" rating to a "sector perform" rating in a report on Monday, November 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $66.86.

NYSE:TRP opened at $51.30 on Tuesday. The company has a market capitalization of $50.32 billion, a P/E ratio of 33.75, a P/E/G ratio of 3.75 and a beta of 0.80. TC Energy has a 1 year low of $41.89 and a 1 year high of $55.34. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.51 and a quick ratio of 0.47. The business has a fifty day simple moving average of $48.22 and a two-hundred day simple moving average of $49.11. Read more …

 

Waste Management (NYSE:WM) was downgraded by stock analysts at Erste Group to a “hold” rating in a research report issued to clients and investors on Wednesday, TipRanks reports.

Separately, Raymond James upped their price objective on Waste Management from $157.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, October 27th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $148.00.

NYSE:WM traded up $1.80 on Wednesday, reaching $146.95. The company’s stock had a trading volume of 23,527 shares, compared to its average volume of 2,305,354. Waste Management has a 1-year low of $109.11 and a 1-year high of $168.04. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.78. The firm has a market cap of $61.47 billion, a PE ratio of 35.58, a PEG ratio of 2.17 and a beta of 0.82. The business’s 50-day moving average price is $158.07 and its two-hundred day moving average price is $156.32. Read more …

 

 

Compass Minerals International (NYSE:CMP) was downgraded by analysts at JPMorgan Chase & Co. to an “underweight” rating in a research note issued to investors on Thursday, Stock Target Advisor reports. They presently have a $52.00 target price on the basic materials company’s stock, down from their prior target price of $57.00. JPMorgan Chase & Co.‘s target price suggests a potential downside of 1.87% from the stock’s previous close.

CMP has been the subject of several other reports. BMO Capital Markets started coverage on shares of Compass Minerals International in a research report on Wednesday, November 17th. They set a “hold” rating and a $54.00 price objective for the company. StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Saturday, February 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating and reduced their price target for the stock from $74.00 to $73.00 in a report on Wednesday, November 17th. The Goldman Sachs Group upgraded shares of Compass Minerals International from a “sell” rating to a “neutral” rating and set a $51.00 price target for the company in a report on Wednesday, December 15th. Finally, Zacks Investment Research upgraded shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.17. Read more …

 

CVS Health (NYSE:CVS) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Friday, Analyst Price Targets reports.

Other equities analysts also recently issued reports about the company. Truist Financial raised their price target on CVS Health from $118.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, January 5th. Seaport Res Ptn restated a “buy” rating on shares of CVS Health in a research report on Wednesday, December 1st. Citigroup increased their price objective on shares of CVS Health from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, November 4th. They noted that the move was a valuation call. Sanford C. Bernstein increased their price objective on shares of CVS Health from $111.00 to $116.00 in a research report on Tuesday, January 11th. Finally, Edward Jones upgraded shares of CVS Health from a “hold” rating to a “buy” rating in a research report on Monday, January 10th. Four analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $112.59. Read more …

 

Texas Instruments (NASDAQ:TXN) was downgraded by equities research analysts at Edward Jones from a "buy" rating to a "hold" rating in a research note issued to investors on Friday, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. KeyCorp increased their target price on Texas Instruments from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, October 27th. Susquehanna reiterated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, January 26th. Barclays dropped their price target on shares of Texas Instruments from $180.00 to $170.00 and set an "underweight" rating for the company in a research report on Friday, February 4th. Zacks Investment Research raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating and set a $201.00 target price on the stock in a research note on Saturday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $208.68. Read more …

 

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 …

 

Notable Analyst Upgrades and Downgrades for Week of December 20 2021

 

Upgrades:

 

Dover (NYSE:DOV) was upgraded by research analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating in a report released on Monday, The Fly reports.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada lifted their price target on Dover from $163.00 to $171.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 20th. Morgan Stanley lifted their price target on Dover from $173.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 20th. Citigroup lifted their price target on Dover from $185.00 to $196.00 and gave the stock a "buy" rating in a research report on Wednesday, October 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Dover from $187.00 to $178.00 and set a "hold" rating for the company in a research report on Friday, December 10th. Finally, JPMorgan Chase & Co. lifted their price target on Dover from $178.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Dover currently has a consensus rating of "Hold" and a consensus target price of $177.08. Read more …

 

Federal Realty Investment Trust (NYSE:FRT) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Monday, The Fly reports. The firm currently has a $142.00 price target on the real estate investment trust's stock, up from their prior price target of $135.00. JPMorgan Chase & Co.'s target price suggests a potential upside of 9.64% from the company's current price.

FRT has been the topic of a number of other reports. Citigroup lifted their target price on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, December 2nd. Truist Securities boosted their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, December 10th. TheStreet upgraded shares of Federal Realty Investment Trust from a "c+" rating to a "b" rating in a research report on Thursday, November 4th. Truist boosted their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, December 10th. Finally, BMO Capital Markets upgraded shares of Federal Realty Investment Trust from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research report on Wednesday, December 1st. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $126.15. Read more …

 

Public Storage (NYSE:PSA) was upgraded by equities research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has a $385.00 price objective on the real estate investment trust's stock, up from their previous price objective of $359.00. JPMorgan Chase & Co.'s target price would suggest a potential upside of 6.43% from the stock's current price.

Several other equities analysts have also commented on the stock. Morgan Stanley increased their price objective on shares of Public Storage from $322.00 to $333.00 and gave the company an "equal weight" rating in a research report on Monday, November 29th. Berenberg Bank began coverage on shares of Public Storage in a research report on Thursday, October 7th. They issued a "hold" rating and a $321.00 price objective for the company. Raymond James raised shares of Public Storage from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $350.00 to $375.00 in a research report on Thursday, December 2nd. Zacks Investment Research lowered shares of Public Storage from a "buy" rating to a "hold" rating and set a $349.00 price target for the company. in a research report on Friday, November 12th. Finally, Truist raised their price target on shares of Public Storage from $325.00 to $353.00 and gave the stock a "buy" rating in a research report on Thursday, December 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Public Storage presently has an average rating of "Hold" and a consensus target price of $337.54. Read more …

 

 

AT&T (NYSE:T) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Monday, The Fly reports. The brokerage presently has a $30.00 price target on the technology company’s stock. Barclays‘s target price suggests a potential upside of 26.16% from the company’s previous close.

Several other brokerages have also commented on T. Truist Securities restated a “hold” rating and issued a $26.00 price objective on shares of AT&T in a report on Monday, December 6th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $32.00 to $28.00 in a report on Thursday. Loop Capital initiated coverage on shares of AT&T in a research note on Monday, September 20th. They issued a “hold” rating and a $30.00 price target for the company. Truist reiterated a “hold” rating and issued a $26.00 price target on shares of AT&T in a research note on Monday, December 6th. Finally, Citigroup decreased their price target on shares of AT&T from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, December 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.30. Read more …