Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$QSR, $STNG, $TEVA, $UA, $Z
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Restaurant Brands International Inc. (NYSE:QSR) was reiterated as Neutral at Merrill Lynch, but the price objective was raised to 58 based on expanding group multiples after word of a potential Popeye’s acquisition. Credit Suisse also has a Neutral rating, but the firm raised estimates and raised its target price to 53 from 45 after considering the potential transaction. Burger King, under Restaurant Brands’ management, is eating McDonald’s “lunch.”
Scorpio Tankers Inc. (NYSE:STNG) was raised to Overweight from Equal Weight with a 5.50 price target at Morgan Stanley. Merrill Lynch maintained its Underperform rating and 4 price objective. Shares trade in a 52-wk trading range of 3.50 – 6.70.
Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) was maintained as Hold but the price target was cut to 33 from 36 at Jefferies. Teva trades in a 52-wk range of $31.90 to $59.35.
Under Armour Inc. (NYSE:UA) was raised to Equal Weight from Underweight, but the price target was cut to 20 from 25, at Morgan Stanley. Shares Under Armour has a 52-wk trading range of 17.77 – 46.53 and a consensus price target of 23.00.
Zillow Group Inc. (NYSE:Z) was raised to Buy from Hold with a 43 price target at Stifel. It has a 52-wk trading range of 17.21 – 39.88 and a consensus price target of 36.20.