US Top Rating Updates on 8/29: AZN, DOW, LSI, WLK and More

Piper Sandler analyst Jason Bednar upgraded $Envista Holdings (NVST.US)$ to Overweight from Neutral with a price target of $46, up from $40. The analyst came away from a recent meeting with management "incrementally comfortable with the outlook for key tenets" of Envista's business.

KeyBanc analyst Matthew Mishan downgraded $Cooper Companies (COO.US)$ to Sector Weight from Overweight without a price target. The analyst is less confident in the sustainability of recent growth trends for CooperVision into fiscal 2023 and thinks consensus estimates are likely moving lower on currency moves and interest rates.

Evercore ISI analyst Steve Sakwa downgraded $Life Storage, Inc. (LSI.US)$ to In Line from Outperform with a price target of $138, down from $139. The analyst cites valuation for the downgrade following the stock's "strong outperformance over the past 30 days." Based on the new price target, the stock's projected total return is only 6%, which is below the sector average, Sakwa tells investors in a research note.