Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GOOGL, $RDS-A, $SXL, $PAY, $WPZ
Daily HeffX-LTN reviews Wall Street analysts 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 analysts upgrades, downgrades and initiations for Thursday, as follows:
Alphabet Inc. (NASDAQ:GOOGL) analysts reiterated as Buy at Merrill Lynch. The 925 price target came with a raised earnings estimate, as YouTube revenues are expected to cross $10-B in 2016. The consensus target is about 911, and the 52-wk range is 538.85 – 810.35.
Royal Dutch Shell PLC (NYSE:RDS-A) raised to Buy from Hold with a 64 price target at Evercore ISI. The stock has a 52-wk trading range of 35.80 59.98.
Sunoco Logistics Partners L.P. (NYSE:SXL) analysts downgraded to Hold from Buy at Jefferies with a 31 price target. The consensus price target is 32.88, and the 52-wk trading range is 15.43 – 39.23.
Verifone Systems Inc. (NYSE:PAY) had a significant EPS miss. JPMorgan downgraded it to Neutral from Overweight and the target was slashed to 24 from 34. Jefferies maintained a Buy rating and kept its 40 price target. The consensus price target is 36.32, and the 52-wk trading range is 20.14 – 37.06.
Williams Partners L.P. (NYSE:WPZ) reiterated as Buy at Merrill Lynch, the price target was raised to 37 from 28. The firm said the Y 2016 capital plan appears fair, focus remains on execution. Williams Partners screens as having close to a 10% yield-equivalent.