Wall Street’s Top Analysts’ Upgrades, Downgrades and Initiations
$ABT, $AXP, $AAPL, $KMI, $QCOM
Below is a list of Wall Streets top analyst upgrades, downgrades and initiations for Friday, as follows:
Abbott Laboratories (NYSE:ABT) beat and Cowen raised its price target to 48 from 44 reiterating an Outperform rating. Goldman Sachs has a Neutral rating but raised its target to 46 from 44. Stifel raised its target price to 49 from 47. Shares are trading near 43.67 and have a 52-wk trading range of 36.00 to 51.74.
American Express Co. (NYSE:AXP) beat, analysts reiterated as Hold at Jefferies and the price target was raised to 60 from 58. Merrill Lynch reiterated its Underperform rating and 56 price objective.
Apple Inc. (NASDAQ:AAPL) maintained as Outperform with a 120 price target at Oppenheimer ahead of next week’s earnings report. The firm did lower earnings estimates and said the supply chain news is negative, but the firm believes the focus will shift to the iPhone 7.
Kinder Morgan Inc. (NYSE:KMI) Merrill Lynch maintained its Neutral rating and 19 price objective. RBC Capital Markets raised its target price to 18 from 17, and Stifel raised its target price to 21 from 19. Credit Suisse maintained its Neutral rating. Kinder Morgan has a 52-wk trading range of 11.20 to 44.71.
Qualcomm Inc. (NASDAQ:QCOM) report was mixed and has a 52-wk trading range of 42.24 to 71.32. BMO Capital Markets has a Market Perform rating and raised its target price to 47 from 46. Pacific Crest has an Overweight rating but cut its target to 61 from 63. Goldman Sachs reiterated its Buy rating and raised its price target to 64 from 56. QCOM closed Thursday at 51.67.
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