Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AXP, $BBY, $GE, $JPM, $WFC
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.