Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AA, $ARCH, $BIDU, $CIEN, $VALE
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 Wednesday, as follows:
Alcoa Corp. (NYSE:AA) was raised to Outperform from Neutral with a 39 price target at Macquarie.
Arch Coal Inc. (NYSE:ARCH) analysts started with a Buy rating and assigned a 103 price target at MKM Partners.
Baidu Inc. (NASDAQ:BIDU) analysts started as Hold with a 200 price target at Evercore ISI.
Ciena Corp. (NASDAQ:CIEN) was started with an Overweight rating and assigned a 30 price target at Piper Jaffray. Its consensus analyst price target is 28.26, and it has a 52-wk trading range of 15.62 – 25.18.
Vale S.A. (NYSE:VALE) recently announced the sale of fertilizer assets to Mosaic, and Credit Suisse sees the divestment of those assets as a positive for the shares, despite just a Neutral rating. Vale also was reiterated as Hold at Jefferies, but the firm raised its target to 9.25 from 9.00. Vale is trading in a 52-wk range of 2.13 – 9.34.