Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GOOGL, $BIDU, $DDS, $NKE
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follows:
Alphabet Inc. (NASDAQ:GOOGL) analysts downgraded to Underperform from Neutral with a 700 price target at Wedbush Securities. The firm is concerned about an increasing use of ad blockers, payment platforms and mobile search monetization.
Baidu Inc. (NASDAQ:BIDU) was downgraded to Hold from Buy and the price target was lowered to 201 from 219 at Deutsche Bank.
Dillard’s Inc. (NYSE:DDS) raised to Outperform from Neutral and the price target was raised to 70 from 63 at Credit Suisse. The 52-wk trading range is 54.37 – 94.12, and the consensus price target is 60.20.
Nike Inc. (NYSE:NKE) analysts downgraded to Hold from Buy at Brean Capital. Credit Suisse sees a reason for caution and lowered its price target to 60 from 63. Merrill Lynch maintained its Neutral rating with a 55 price objective.