Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$AXP, $BBY, $GE, $JPM, $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 Wednesday, as follows:

American Express Co. (NYSE:AXP) was raised to Buy from Neutral by Guggenheim.  Amex has a 52-wk trading range of 57.15 – 82.00, and it has a consensus analyst target price of 81.60.

Best Buy Co. Inc. (NYSE:BBY) analysts raised to Buy from Neutral and the price objective was raised to 58 from 46 at Merrill Lynch. Best Buy has a 52-wk trading range of 28.76 – 51.42, and hit a new 52-wk high of 52.50 Tuesday.

General Electric Co. (NYSE:GE) analysts  downgraded to Neutral from Buy and the price objective was cut to 31 from 35 at Merrill Lynch. What is odd is that Merrill Lynch now feels that investors should move to the sidelines as expectations are still too high for Y 2018. GE’s 52-wk trading range is 28.19 – 33.00.

JPMorgan Chase & Co. (NYSE:JPM) was raised to Buy from Neutral at Guggenheim. The 52-wk trading range is 57.05 – 93.98.

Wells Fargo & Co. (NYSE:WFC) was raised to Neutral from Sell at Guggenheim. It has a 52-wk week range of 43.55 – 59.99.

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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