Top Analyst Upgrades and Downgrades: 3M, Campbell Soup, Cracker Barrel, Deere, Johnson Controls, Panera and More

Photo of Lee Jackson
By Lee Jackson Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Top Analyst Upgrades and Downgrades: 3M, Campbell Soup, Cracker Barrel, Deere, Johnson Controls, Panera and More

© Thinkstock

[cnxvideo id=”509523″ placement=”ros”]After the holiday shortened week, Wall Street now looks ahead to a full week of trading. After some very solid gains last week, which saw all the major indexes trading at all-time highs, the futures are pointing to a lower open. Markets overseas are trading lower as well.

24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.

These are this Monday’s top analyst upgrades, downgrades and initiations.

3M Co. (NYSE: MMM) was reiterated at a Buy at Jefferies, but the firm lowered its price target to $200 from $210. The 52-week trading range for the stock is $134.64 to $182.27. The Wall Street consensus price target is $179.20. The shares ended trading last Friday at $173.49.

[wallst_email_signup]

Campbell Soup Co.‘s (NYSE: CPB) price target was raised to $60 from $58 at RBC Capital Markets, and compares with a consensus price objective of $58.46. The 52-week range is $50.54 to $67.89. The stock closed Friday up over 1% to $57.52.

Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) was downgraded to Hold from Buy at Maxim Group, which set its target price at $170. The 52-week range is $118.02 to $179.82, and the consensus price target is $161.40. The stock closed last Friday at $164.33.

Deere & Co. (NYSE: DE) was reiterated at Hold at Jefferies, but the firm raised the price target to $95 from $85. The 52-week range is $70.16 to $104.83. The consensus price target is $85.21. Shares closed last Friday at $103.92.

DuPont Fabros Technology Inc. (NYSE: DFT) was upgraded to Outperform from Neutral at Robert W. Baird. The firm sets its price target at $44, versus a consensus target of $47.33. The shares have traded within a 52-week range of $28.83 to $48.97. The stock ended trading last Friday at $41.38.

Finisar Corp. (NASDAQ: FNSR) was upgraded to Strong Buy from Buy at Needham, which raise its price target to $42 from $38. The 52-week range is $11.26 to $33.20, and the consensus target is set at $33. The stock ended last Friday at $32.76.

Johnson Controls International PLC (NYSE: JCI) was started at a Buy rating at Citigroup with a $54 price objective. That compares to a consensus target of $49.45. The 52-week range for the shares is $28.94 to $48.97. The stock closed trading last Friday at $45.89.

Mentor Graphics Corp. (NASDAQ: MENT) was downgraded to Neutral from Outperform at Credit Suisse. The Wall Street consensus price target is $35.63, and the 52-week range is $16.10 to $37.03. The shares closed last Friday at $36.76.

Panera Bread Co. (NASDAQ: PNRA) was downgraded to Neutral from Outperform at Wedbush, with the analysts citing valuation. The consensus price target is posted at $234.05, and the 52-week range is $178.99 to $224.15. The stock closed trading on Friday at $217.16.

Other key analysts upgrades and downgrades were seen in the following:

Advance Auto Parts Inc. (NYSE: AAP) was added to the Analyst Focus List at JPMorgan The consensus price target is $167.32, and the 52-week trading range is $131.59 to $172.82. The stock closed Friday at $170.86.

H&R Block Inc. (NYSE: HRB) was downgraded to Sell from Neutral at BTIG Research. The consensus price objective is $26.13, and shares have traded in a 52-week range of $19.18 to $37.35. The stock closed Friday at $23.98.

Conoco Phillips Inc. (NYSE: COP) was upgraded to Buy from Neutral at Goldman Sachs. The consensus price target is $55.57, and the 52-week range is $31.05 to $54.75. The shares closed last Friday at $45.75.

CNH Industrial N.V. (NYSE: CNHI) was raised to Neutral from Underweight at Piper Jaffray. The stock has traded in a 52-week range of $5.67 to $8.67. The consensus price target is posted at $7.06, but the shares closed above that level on Friday at $8.56.

Hasbro Inc. (NASDAQ: HAS) was downgraded to Neutral from Overweight at Piper Jaffray. The 52-week trading range is $64.91 to $88.83. The shares closed last Friday at $87.94, up over 1% on the day.

[nativounit]

Gap Inc. (NYSE: GPS) was upgraded to Neutral from Underweight at Piper Jaffray. The consensus price target is $25.90, and the 52-week range is $17 to $30.74. The stock closed last Friday at $25.57.

WPX Energy Inc. (NYSE: WPX) is raised to Buy from Hold at Deutsche Bank. The 52-week range is $2.53 to $13.92. The consensus price target is posted at $15.63, and the shares closed Friday at $13.28.

If you missed last week’s analyst upgrades and downgrades, they included Analog Devices, First Solar, Hewlett Packard Enterprises, Intel, Urban Outfitters and more.

Photo of Lee Jackson
About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618