Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GRPN, $SPWR, $TSLA, $WFC
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 Friday, as follows:
Groupon Inc. (NASDAQ:GRPN) was downgraded to Neutral from Outperform with a 4.50 price target at Wedbush Securities. RBC maintained its Sector Perform rating but raised its target to 5 from 4.
SunPower Corp. (NASDAQ:SPWR) analysts raised to Outperform from Perform and the price target was set at 10 at Oppenheimer. SunPower shares were last seen at 6.76. The firm maintains that the challenging conditions should be priced in now.
Tesla Inc. (NASDAQ:TSLA) was reiterated as Sell with a 160 price target at UBS. While this call is negative. Tesla shares were last seen trading at closer to 268.95 down about 4%. The 52-wk trading range is 162.50 – 287.39.
Wells Fargo & Co. (NYSE:WFC) analysts downgraded to Neutral from Outperform with a 56 price target at Credit Suisse. The 52-wk trading range is 43.55 – 59.01, and the consensus analyst price target is 58.25.
Have a terrific weekend.
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Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.