Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$BP, $FDC, $GE, $GT, $ITW

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:

BP PLC (NYSE:BP) analysts reiterated BP a Buy with a 41 price target at Argus. While the firm lowered its Y 2017 EPS target to 2.08 from 2.35 on lower margin projections for the BP refining business, Argus continues to expect higher Crude Oil and Nat Gas prices along with additional cost cuts to help.

First Data Corp. (NYSE:FDC) started with a Buy rating and assigned a 20 price target at Stifel. It has a 52-wk trading range of 9.90 – 17.13 and a consensus analyst target price at 18.66.

General Electric Co. (NYSE:GE) was maintained as Outperform at Credit Suisse. The firm thinks GE is not a broken company, even if might be misunderstood. The call noted that GE’s sell-off has created an attractive entry point and the bear points have been overstated. Shares closed at 27.38 and have a 52-wk trading range of 27.10 – 33.00. The consensus analyst target is 32.14.

Goodyear Tire & Rubber Co. (NYSE:GT) was raised to Overweight from Underweight with a 52 price target at Morgan Stanley. It is in a 52-wk trading range of 24.31 – 37.20, and it has a consensus price target of 38.00.

Illinois Tool Works Inc. (NYSE:ITW) was raised to Buy from Sell with a 155 price target at Goldman Sachs. The 52-wk trading range is 98.32 – 142.82, and the consensus price target of 146.28.

Have a terrific weekend.

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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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