Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AAPL, $BBRY, $EBAY, $FIT, $LULU
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Friday, as follows:
Apple Inc. (NASDAQ:AAPL) analysts maintained as Overweight at Barclays, but the firm lowered its price target from 115 to 114. This is after reports of Apple increasing component orders for iPhone parts. Its consensus analyst price target is 125.64 and it has a 52-wk trading range of 89.47 – 123.82.
BlackBerry Ltd. (NASDAQ:BBRY) saw its price target raised to 7.50 from 7.00 at RBC Capital Markets after the company announced that it will outsource manufacturing of phones. Macquarie raised BlackBerry’s rating to Neutral from Underperform and raised its price target to 8.50 from 7.00.
eBay Inc. (NASDAQ:EBAY) was raised to Buy from Hold with a 40 price target at Deutsche Bank. Its consensus target price is 31.67, and its 52-wk trading range is 21.52 – 32.81.
Fitbit Inc. (NYSE:FIT) was downgraded to Underweight from Sector Weight at Pacific Crest. This was over sales growth and churn concerns. The consensus target price is 21.38. The 52-wk trading range is 11.65 – 41.97.
Lululemon Athletica Inc. (NASDAQ:LULU) analysts reiterated as Sell at Goldman Sachs, and the firm lowered its price target to 46 from 48. The 52-wk trading range is 43.14 to 81.81, and the consensus price target is 72.14.