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

$AMZN, $F, $GILD, $LVLT, $WDC, $WLL

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 Monday, as follows:

Amazon.com Inc. (NASDAQ:AMZN) Jefferies reiterated its Buy rating but raised its price target to 865 from 775. Merrill Lynch raised its price objective to 840 from 750. S&P kept its Buy rating but raised the price target to 745 from 685. Credit Suisse maintained its Outperform rating but raised its target to 880 from 800.

Ford Motor Co. (NYSE:F) analysts downgraded Ford to Neutral from Buy at Merrill Lynch based on relative valuation and an expected earnings fade in 2-H of Y  2016. The firm raised estimates and raised its price objective to 17 from 16 on the call. Ford closed at 13.56 Friday Vs a 52-wk trading range of 10.44 – 15.94.

Gilead Sciences Inc. (NASDAQ:GILD) missed on weak sales. Analysts downgraded the stock to Hold from Buy at Maxim Group. Jefferies maintained its Hold rating and the price target was cut to 96 from 101. Merrill Lynch maintained a Neutral rating and 105 price target. Credit Suisse kept Gilead at Outperform with a 120 price target. The 52-week trading range is 81.89 – 123.37.

Level 3 Communications Inc. (NYSE:LVLT) was downgraded to Neutral from Buy at Merrill Lynch, but the firm maintained its 60 price objective. The consensus analyst price target is 61.33, and the 52-wk trading range is 40.86 to 57.08.

Western Digital Corp. (NASDAQ:WDC) downgraded to Neutral from Buy at Robert W. Baird. Shares finished Friday at 40.87 after earnings, within a 52-wk trading range of 38.64 – 99.93.

Whiting Petroleum Corp. (NYSE:WLL) RBC pared ratings and targets. Now Sterne Agee CRT has downgraded it to Neutral from Buy. Shares were finished at 12.00 Friday, Vs a consensus analyst target of 11.94 and a 52-wk range of 3.35 – 39.15.

Have a terrific week.

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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