Wall Street’s Top Analysts’ Upgrades, Downgrades & Initiations
$T, $FCX, $HAL, $LC
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 analyst upgrades, downgrades and initiations for Wednesday, as follows:
Freeport-McMoRan Inc. (NYSE:FCX) analysts raised to Buy from Hold and the price target was raised to 15.00 from 12.50 at Jefferies, Accretive asset sales and entering a period of strong cash flows were cited. The consensus price target is 10.70. The 52-wk trading range is 3.52 – 21.85.
Halliburton Co. (NYSE:HAL) was raised to Outperform from Market Perform and the price target was raised to 49 from 44 at FBR Capital Markets. The consensus price target is 45.33. Shares have a 52-wk trading range of 27.64 – 46.69.
LendingClub Corp. (NYSE:LC) is now being investigated, sending shares down 9% to 3.56 after Monday’s 12% gainer. Analysts maintained as Sell but the price target was cut to 3 from 4 at Compass Point. The consensus analyst target is 8.77, and the 52-wk trading range is 3.50 – 19.48.