Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$GRUB, $KR, $SNAP, $SNE

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:

GrubHub Inc. (NYSE:GRUB) downgraded to Neutral from Outperform but its price target was raised to 53 from 50 at Credit Suisse, as too optimistic on risk-reward on recent acquisitions. GrubHub has a 52-wk trading range of 32.43 – 57.61 and a consensus analyst target price at 52.89.

Kroger Co. (NYSE:KR) downgraded to Hold from Buy and the price target was cut to 21 from 26 at Deutsche Bank. Kroger has a 52-wk trading range of 20.41 – 36.44 and a consensus target price of 25.23.

Snap Inc. (NYSE:SNAP) downgraded to Hold from Buy and the price target was cut to 17 from 20 at Deutsche Bank. Snap has a 52-wk trading range of 11.28 – 29.44, and it had a consensus target price of 14.78.

Sony Corp. (NYSE:SNE) downgraded to Neutral from Buy at Citigroup. Sony’s American depository shares were up 1.3% to 39.93 Friday and finished up 1.05% at 40.35 Monday, in a 52-wk trading range of 27.72 – 41.65. The consensus price target is nearly 47

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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