Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$F, $GM, $JD, $SRPT, $VRX
Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Ford Motor Co. (NYSE:F) analysts started as Buy and assigned a price target of 14 at Nomura. It was also downgraded to Neutral from Buy at Buckingham Research. The 52-wk trading range is 11.02 – 15.84, and the consensus price target is 13.41.
General Motors Corp. (NYSE:GM) was started as Neutral and given a 33 price target at Nomura. Monday, Morgan Stanley raised GM’s rating to Overweight with almost 25% upside. It has a 52-wk trading range of 26.69 – 36.88 and a consensus price target of 36.94.
JD.Com Inc. (NASDAQ:JD) analysts downgraded to Neutral from Buy with a 27 price target at MKM Partners. The 52-wk trading range is 19.51 – 33.48, and the consensus price target is 29.91.
Sarepta Therapeutics Inc. (NASDAQ:SRPT) was up 73% at 48.94 on Monday and finished + 13.87% at 55.73 Tuesday. Jefferies raised its Underperform rating and 7 target to Hold and 50 after the firm was not expecting FDA approval.
Valeant Pharmaceuticals International Inc. (NYSE:VRX) started as Hold and assigned a 30 price target at Deutsche Bank. It has a consensus target price of 44.39 and a 52-wk trading range of 18.55 – 225.54.
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