Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$BP, $BHP, $HAL, $IBM, $QCOM, $RSD-A

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 Thursday, as follows:

BP Plc (NYSE:BP) downgraded to Neutral from Buy at Citigroup. The 52-wk trading range for the stock is 30.66 – 38.88, and the consensus price objective is 37.79.

BHP Billiton Ltd. (NYSE:BHP) analysts raised BHP to Buy from Hold at HSBC. The 52-wk trading range is 25.75 – 41.79. The consensus price objective is 39.93..

Halliburton Inc. (NYSE:HAL) analysts started with a Buy rating at HSBC. The 52-wk trading range for the oilfield services giant is 38.24 – 58.78. The consensus price target is 63.23.

International Business Machines Corp. (NYSE:IBM) missed earnings estimates, the company is reporting revenues down year over year for a stunning 20th Quarter running. RBC lowered the price target to 180 from 185. Merrill Lynch reiterated its 200 price objective and Buy rating. The 52-wk trading range is 142.50 – 182.79. The consensus price target is 169.15,

Qualcomm Inc. (NASDAQ:QCOM) was downgraded to Neutral from Buy at Rosenblatt. The 52-wk trading range for the tech giant is 50.11 – 71.62, and the consensus price objective is 64.74.

Royal Dutch Shell PLC (NYSE:RDS-A) analysts downgraded to Sell from Neutral at Citigroup. The 52-wk trading range is 46.57 – 56.39, and the consensus price target is 62.70.

Stay tuned…

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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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