Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations


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 Thursday, as follows

Eldorado Gold Corp. (NYSE:EGO) was raised to Buy from Neutral with a $5 price target at Goldman Sachs. Its 52-wk trading range is $1.87 to 5.16, and its consensus analysts’ price target is $5.78.

SLM Corp. (NASDAQ:SLM) rated as Buy with a 9 price target at Goldman Sachs, now added it to the prized Conviction Buy list. The stock closed at 7.18 Wednesday, it has a 52-week range of 5.09 to 9.33 and a consensus price target of 9.56.

SunPower Corp. (NASDAQ:SPWR) marked a 52-week low under the prior 13.29 – 31.10 range of the past year on Wednesday. SunPower was downgraded to Neutral from Buy and the fair value estimate was slashed to 13 at Janney. Oppenheimer downgraded it to Perform from Outperform. Credit Suisse cut shares to Neutral and slashed the price target to 12 from 32, and Deutsche Bank cut its rating to Hold from Buy and slashed the price target to 11 from 37.

Walt Disney Co. (NYSE:DIS) was up ahead of earnings, Macquarie raised it to Outperform from Neutral. Merrill Lynch maintained its Buy rating and 125 price objective. Pivotal Research still has a Buy rating but lowered its target price to 118 from 122. Goldman Sachs kept a Neutral rating but lowered the price target to 108 from 109. Disney shares closed at 97.86 on Wednesday in New York.

Yelp Inc. (NYSE:YELP) raised to Buy from Neutral with a 40 price target at Mizuho. Raymond James raised its rating to Outperform from Market Perform and assigned a 45 target. A firm called Axiom Capital raised its rating to Buy from Hold with a 44 price target. Merrill Lynch raised its rating to Neutral from Underperform.

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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