Wall Street’s Top Analysts’ Upgrades, Downgrades and Initiations
$CVX, $CL, $GRPN, $MSFT, $STX
Below is a list of Wall Streets top analyst upgrades, downgrades and initiations for Tuesday, as follows:
Chevron Corp. (NYSE:CVX) analysts reiterated as a Buy and the price target was raised to 114 from 110 at Jefferies. It has a consensus analyst price target of 101.39 and a 52-wk trading range of 69.58 – 110.80.
Colgate-Palmolive Co. (NYSE:CL) was raised to Neutral from Sell and the price target was raised to 75 from 62 at Goldman Sachs.
Groupon Inc. (NASDAQ:GRPN) analysts maintained as Hold at Jefferies, the firm raised its price target to 3.50 from 3.00 . RBC Capital Markets took the other side, downgrading Groupon to Underperform from Sector Perform, and its price target was cut to 3 from 4.
Microsoft Corp. (NASDAQ:MSFT) reiterated as Buy with a 65.00 price objective at Bank of America Merrill Lynch. The call represents 30% upside, without the dividend considered. and it represents a call to go to all-time highs from Y 2000. Microsoft’s consensus price target is 57.86 and its 52-wk trading range is 39.72 – 56.85.
Seagate Technology PLC (NASDAQ:STX) maintained as Buy at Jefferies, the price target was cut to 25 from 29. Shares were down 5.96% Monday, and the consensus target was 27.84, with a new 52-wk trading range of 20.21 – 60.09, the low was set on 2 May 2016.