Wall Street’s Top Analysts’ Upgrades, Downgrades and Initiations

Wall Street’s Top Analysts’ Upgrades, Downgrades and Initiations

Wall Street’s Top Analysts’ Upgrades, Downgrades and Initiations


Daily HeffX-LTN review Wall Street analyst 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 analyst upgrades, downgrades and initiations for Thursday, as follows:

Chipotle Mexican Grill Inc. (NYSE:CMG) sales tanked enough that it had its 1st loss. Most analysts kept their ratings but lowered their targets: Barclays to 430 from 450 (Equal Weight), Cowen and HeffX-LTN to 400 (Market Perform), JPMorgan to 485 from 510 (Overweight), UBS to 450 from 460 (Neutral). Deutsche Bank has a Sell rating but cut its target to $360 from $400.

eBay Inc. (NASDAQ: EBAY) beat expectations despite slower growth. Canaccord Genuity has a Hold rating and raised its target to 26 from 26. RBC has it at Sector Perform and cut its target to 28 from 29. JPMorgan has a Neutral rating and cut the target to 27 from 28, while Jefferies kept its Hold rating and raised its target to 27 from 25.

JetBlue Airways Corp. (NASDAQ:JBLU) was raised to Outperform from Market Perform at Cowen. Credit Suisse maintained its Neutral rating and lowered its target to 19 from 21. Evercore ISI has a Buy rating and raised JetBlue’s target to 28 from 25. Shares closed Wednesday at 20.60, have a consensus analyst target of 25.96 and have a 52-wk trading range of 16.26 to 27.36.

Kraft Heinz Co. (NASDAQ:KHC) analysts started as Buy with a 91 price target at Argus. The consensus analyst target is 90.29, and the 52-wk rading range is 61.42 to 81.20.

Twitter Inc. (NYSE:TWTR) earnings missed the mark. It was downgraded to Neutral from Overweight and the price target was cut to 18 from 26 at JPMorgan. UBS kept its Buy rating but cut the target to 24 from 30. Jefferies maintained a Buy rating on Twitter but cut its target to 32 from 35. Nomura has a Neutral rating but cut the target to 16 from 19. HeffX-LTN has a Sell recommendation and moved its target from 17 to 13.50.  Twitter has a 52-wk trading range of 13.91 to 41.09 and finished Wednesday at 14.86.

Stay tuned…

Paul Ebeling

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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