Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$AA, $ AAPL, $ GME, $MU, $UAA

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:

Alcoa Corp. (NYSE:AA) was raised to Buy from Hold with a 40 price target at Berenberg. The 52-wk trading range is 20.00 – 39.78 and the consensus price target at 41.10.

Apple Inc. (NASDAQ:AAPL) analysts reiterated AAPL as Buy and the price target was raised to 165 from $135 at Instinet. Apple has a 52-wk range of 89.47 – 142.80 and a consensus price target of 144.48.

GameStop Corp. (NYSE:GME) analysts  maintained GME Outperform but the price target was cut to 25 from 28 at Wedbush Securities. Credit Suisse is at a more cautious Neutral rating, and it cut the target to 20 from 22. The firm expects GameStop shares to trade at a compressed earnings multiple until it slows the decline in its core video game business. GameStop has a 52-wk trading range of 20.10 – 33.72 and a consensus price target of 25.84.

Micron Technology Inc. (NASDAQ:MU) was reiterated as Outperform and its price target was raised to 40 from 35 after the company blew out its earnings expectations. Credit Suisse raised its target ahead of earnings. and the new mantra is that it is still too early to call a high for MU.

Under Armour Inc. (NYSE:UAA) was raised to Buy from Hold with a 27 price target at Jefferies, and the firm also added it to its Franchise Picks List. The 52-wk trading range is 18.40 – 47.95. The consensus price target is 22.45.

Have a terrific week.

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Paul Ebeling

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.

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