$AMZN, $COST, $KR, $MELI, $W
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Tuesday, as follows:
Amazon.com Inc. (NASDAQ:AMZN) reiterated as Outperform with a 1250 price target at Wedbush Securities, with he firm noting that Whole Foods is a healthy option to accelerate growth. It has a 52-wk trading range of 682.12 – 1016.50 and a consensus analyst price target of 1110.84
Costco Wholesale Corp. (NASDAQ:COST) analysts downgraded to Hold from Buy at Deutsche Bank. Shares closed at 164.34 Monday, and trade in a 52-week range of 142.11 – 183.18. The consensus target price is 186.49.
Kroger Co. (NYSE:KR) was downgraded to Equal Weight from Overweight at Morgan Stanley. Argus decided to maintain its Buy rating, with the stock being oversold after guidance, but the firm lowered its target price to 30 from 40.
MercadoLibre Inc. (NASDAQ:MELI) was raised to Buy from Hold at Citigroup. After closing at 263.45, MercadoLibre has a 52-wk trading range of 126.10 – 297.95, and its consensus price target is 264.84.
Wayfair Inc. (NYSE:W) was downgraded to Hold from Buy at Maxim Group. Wayfair has a 52-wk trading range of 27.60 – 76.54 and a consensus target price of 68.81.
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