Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BHI, $CVX, $COG, $MPC, $OXY
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follow
Baker Hughes Inc. (NYSE:BHI) analysts downgraded to Neutral from Outperform, the price target was raised to 65 from 61 at Credit Suisse. Baker Hughes is now under the GE deal on closing, but its 52-wk trading range is 37.58 – 68.59.
Chevron Corp. (NYSE:CVX) raised to Buy from Neutral and the price objective was raised to 145 from 119 at Merrill Lynch. The 52-wk trading range is 75.33 – 119.00, and the consensus analyst price target was 119.65.
Cabot Oil & Gas Corp. (NYSE:COG) analysts downgraded to Underperform from Buy and the price objective was cut to 21 from 27 at Merrill Lynch.
Marathon Petroleum Corp. (NYSE:MPC) reiterated as Outperform and the price target was raised to 63 from 55 at Credit Suisse. The firm noted that a faster drop down accelerates its potential toward a medium-term sum of the parts analysis of 80, handily above its consensus price target.
Occidental Petroleum Corp. (NYSE:OXY) analysts downgraded to Neutral from Buy at Merrill Lynch. The firm noted that this was reflecting a pull on cash from a disproportionately large dividend that is likely a headwind to relative performance in a rising price environment.