Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AVGO, $FLEX, $MU, $CRM, $UBS, $WMT
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follows
Broadcom Ltd. (NASDAQ:AVGO) was started as Outperform with a 215 price target at Bernstein. This is after a Barron’s article said it has 20% more upside. Broadcom has a 52-wk trading range of 112.38 – 179.42, and it has a consensus analyst price target of 201.55.
Flex Ltd. (NASDAQ:FLEX), formerly Flextronics rated as Buy at Goldman Sachs. Now it was moved on to the prized Conviction Buy list with a 16 price target, which is after being upgraded to Buy from Neutral at the firm back on 20 September. Flex has a 52-wk trading range of 8.85 – 13.81 and a consensus price target at 14.54.
Micron Technology Inc. (NASDAQ:MU) finished at 17.72 after mixed earnings, in a 52-wk trading range of 9.31 – 19.30 and with a consensus analyst price target of 18.90. Mizuho maintained its Buy rating but lowered its price target to 20 from 22, while Merrill Lynch maintained an Underweight rating with a 9 price objective.
Salesforce.com Inc. (NYSE:CRM)analysts reiterated as Buy with a 100 price objective at Merrill Lynch. The firm sees a Twitter acquisition having a low probability, and it still sees 20% growth without a large deal. Salesforce has a 52-wk trading range of 52.60 – 84.48.
UBS Group A.G. (NYSE:UBS) was raised to Sector Perform from Underperform at RBC Capital Markets. The consensus price target is 13.34, and the 52-wk trading range is 11.93 – 20.70.
Wal-Mart Stores Inc. (NYSE:WMT) reiterated as Outperform with an 80 price target at Credit Suisse. The company is seen as being a more clear risk for staples retail companies again. Its 52-wk trading range is 56.30 – 75.19, and it has a consensus price target of 76.03.
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