Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$CVX, $LLY, $INTC, $SLB, $RIG

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 Wednesday, as follows:

Chevron Corp. (NYSE:CVX) was reiterated as Overweight and the price target was raised to 130 from 120 at Barclays. Chevron has a 52-wk trading range of 99.61 – 119.00 and a consensus target price of 116.91.

Eli Lilly and Co. (NYSE:LLY) was downgraded to Neutral from Outperform at Credit Suisse on the heels of a late-stage lung cancer trial disappointment. Eli Lilly had a consensus target price of 90.38, and its 52-wk trading range is 64.18 – 89.09.

Intel Corp. (NASDAQ: INTC) was reiterated as Positive and the price target was raised to 46 from 45 at Susquehanna. Shares trade within a 52-wk range of 33.23 – 39.89. The consensus target price is 40.50.

Schlumberger Ltd. (NYSE: SLB) was started as Buy and assigned a 13 target price at Deutsche Bank. JPMorgan lowered its target price to 75 from 76. The shares have a consensus analyst target price of 78.55 and in a 52-wk trading range of 62.56 – 87.84.

Transocean Ltd. (NYSE: RIG) analysts started as Buy and assigned a 13 target price at Deutsche Bank. It has a 52-wk trading range of 7.20 – 16.66. The consensus analyst target is 11.07.

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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