Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$ABBV, $GOOGL, $AMZN, $FB, $SLB, $V, $WMT

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 Street’s Top analysts upgrades, downgrades and initiations for Thursday, as follows:

AbbVie Inc. (NYSE:ABBV) was raised to Outperform from Market Perform with a 105 price target at Cowen. AbbVie has a 52-wk trading range of 55.06 – 91.33 and a consensus analyst price target of 89.94.

Alphabet Inc. (NASDAQ:GOOGL) reiterated as Outperform at Credit Suisse, and the price target for the parent of Google was raised to 1,350 from 1.100.

Amazon.com Inc. (NASDAQ:AMZN) was reiterated as Outperform at Credit Suisse, but the firm raised its target price to $1,350 from $1,100.

Facebook Inc. (NASDAQ:FB) was reiterated as Outperform at Credit Suisse, but the firm raised its target price to 235 from 190.

Schlumberger Ltd. (NYSE:SLB) was downgraded to Market Perform from Outperform with a 72 price target at BMO Capital Markets. Schlumberger has a 52-wk trading range of 62.56 – 87.84 and a consensus price target at 78.53.

Visa Inc. (NYSE:V) analysts raised to Outperform from Market Perform with a 120 price target at Wells Fargo. Visa has a 52-wk trading range of 75.17 – 107.65 and a consensus price target of 113.03.

Wal-Mart Stores Inc. (NYSE:WMT) analysts reiterated as Buy and the price target was raised to 97 from 93 at Jefferies. Walmart shares rose almost 4.5% Tuesday after the retail giant committed to a new $20-B share buyback plan. It now has a 52-wk trading range of 65.28 – 84.88 and a consensus price target at 84.66.

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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