Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GOOGL, $RDS-A, $SXL, $PAY, $WPZ
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.