Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BP, $FIT, $GOLD, $SLM, $TEVA
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows;
Fitbit Inc. (NYSE:FIT) hit a new post-IPO low of 5.90 after poor sales and layoffs Monday. It was downgraded to Sell from Neutral at Citigroup. Fitbit’s 52-wk trading range is 5.90 – 18.85.
Randgold Resources Ltd. (NASDAQ:GOLD) analysts downgraded to Neutral from Outperform at Credit Suisse. American depositary shares trade in a 52-wk trading range of 67.54 – 126.55. The consensus price target is 101.84.
SLM Corp. (NASDAQ:SLM) was started with an Outperform rating and assigned a price target of 13 at Wedbush Securities. The 52-wk trading range is 5.34 – 11.87, and the consensus price target is 12.95.
Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) Merrill Lynch decided to upgrade the stock after Monday’s bad news, saying that this Copaxone patent loss creates opportunity and that it removes an old overhang. The price objective is 42 and while they talk about a favorable Risk Vs Reward, they do acknowledge that patience will be required by investors.