Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CTSH, $ESTY, $GPRO, $ILMN, $SHAK
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 Monday, as follows:
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) was raised to Outperform from Neutral and assigned a 70 price target at Wedbush Securities. The firm said that this is after positive views about IT spending survey results. The stock has a 52-wk trading range of 45.44 – 63.43, and its consensus analyst price target is 63.55.
Etsy Inc. (NASDAQ:ETSY) analysts at Piper Jaffery started with a Neutral rating and assigned a 13.50 price target. It has a 52-wk trading range of 6.04 – 16.05 and a consensus price target of 15.82.
GoPro Inc. (NASDAQ: GPRO), the company continues to lose its shine in interest. Longbow Research downgraded the shares to Underperform from an already-cautious Neutral rating with a 7.00 price target. GoPro’s 52-wk range is 8.54 – 17.68.
Illumina Inc. (NASDAQ:ILMN) reiterated as Sell with a 125 price target at Janney, which noted higher revenues but less transparency. The 52-wk trading range is 119.37 – 186.88, the consensus target price is now closer to 140.
Shake Shack Inc. (NYSE:SHAK) shareholders are being told that a growing restaurant chain valued at 70X next year’s earnings might be lofty in a valuation. Buckingham Research downgraded the stock to Neutral from Buy with a 40 price target. Shake Shack’s 52-wk trading range is 30.00 – 43.99.
Travelers Companies Inc. (NYSE: TRV) Friday, Atlantic Equities also downgraded Travelers to Underweight from Neutral with a 110 price target. Its consensus target price prior to the downgrades was 117, and its 52-wk trading range is 101.23 – 123.0
Have a terrific week.