Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$EEP, $$FB, $HPE
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 Tuesday, as follows:
Enbridge Energy Partners L.P. (NYSE:EEP) analysts raised to Outperform from Neutral at Credit Suisse, and the firm raised its price target to 27 from 25 in the call. The 52-wk trading range is 14.27 – 31.35, and the consensus target price is 23.40.
Facebook Inc. (NASDAQ:FB) analysts maintained as Buy at Merrill Lynch after beating earnings last week, but the firm has now removed it from its key US 1 list. There was an adjustment based on the overall composition of the list. FB’s consensus price target is 153.07 and the 52-wk trading range is 72.00 – 128.33.
Hewlett Packard Enterprise Co. (NYSE:HPE) was reiterated as Outperform and the price target was raised to 25 from 21 at Credit Suisse. What stands out about this call is that Credit Suisse said the shares could be worth about 31 in a complete break-up scenario. It has a consensus analyst price target of 20.37.
Goldman Sachs has lowered its equity allocation rating to Underweight as the stock market was called as being at the top of a fat and flat range in the three-month asset allocation. Goldman Sachs remains Neutral on stock weightings over a 12-month period, and it has maintained its Overweight position in cash.