Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$FCX, $LH, $MELI, $MYGN

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 outlook for Key issues for Tuesday, as follows:

Freeport-McMoran Inc. (NYSE:FCX) analysts reiterated with an Outperform rating at Cowen. The analysts feel the company is making positive progress in Indonesia, with the biggest incremental development being that company management is comfortable that a reasonable fair market price will be paid for any divestment of Grasberg. The 52-wk trading range for the company is 11.05 – 20.25. The consensus price target is 19.16. .

Laboratory Corp. Inc. (NYSE:LH) had coverage resumed at Goldman Sachs as the stock was returned to the firm’s Conviction Buy list. The 52-wk trading range is 128 – 177.80. The consensus price objective is 181.69.

Mercadolibre Inc. (NASDAQ:MELI) saw its price target raised to 415 from 350 at Stifel. The analysts believe strong sales momentum continued through the Holiday season particularly in Brazil and Mexico on the back of investments in free shipping, customer loyalty and marketing. The 52-wk trading range for the shares is 180.22 – 383.69. The consensus price objective is posted at 305.64.

Myriad Genetics Inc. (NASDAQ:MYGN) was started with a Sell rating at Goldman Sachs. The 52-wk trading range is 15.15 – 41.57. The consensus price target is 31.22.

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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