Wall Street’s Top Analysts’ Upgrades, Downgrades & Initiations
$BIDU, $KMI, $KCG, $ODP, $SPLS, $DIS
Below is a list of Wall Streets top analyst upgrades, downgrades and initiations for Thursday, as follows:
Baidu Inc. (NASDAQ:BIDU) maintained as Overweight but the price target was cut to 200 from 230 at Morgan Stanley. Baidu’s consensus analyst price target is 212.29 and the 52-wk trading range is 100.00 – 217.97.
Kinder Morgan Inc. (NYSE:KMI) analysts started as Market Perform with a 20 price target at Bernstein. The consensus target is 20.78, making this Market Perform rating almost sound like a Buy rating, and the 52-wk trading range is 11.20 – 42.99.
Kinross Gold Corp. (NYSE:KGC) raised to Neutral from Sell and the price target was raised to 5.30 from 2.12 at Goldman Sachs. The consensus price target is 4.53. The 52-wk trading range is 1.31 – 5.82.
Office Depot Inc. (NASDAQ:ODP) indicated down 40.39% at 3.98 after the Staples deal was abandoned. ODP was downgraded to Sell from Neutral and the price target was cut to 4 from 5.50 at UBS. Jefferies downgraded Office Depot to Hold from Buy, and the 11 price target was more than halved to 5.25.
Staples Inc.’s (NASDAQ:SPLS) acquisition of Office Depot has formally been terminated. UBS downgraded it from Buy to Neutral with a price target cut to 10.50 from 14.00. Jefferies downgraded it to Hold from Buy and the price target was cut to 9 from 17 in the call.
Walt Disney Co. (NYSE: DIS) disappointed. Jefferies maintained a Hold rating and 92 price target.