Wall Street’s Top Analysts’ Upgrades, Downgrades & Initiations
$BIDU, $KMI, $KCG, $ODP, $SPLS, $DIS
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:
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.