Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AVGO, $FLEX, $MU, $CRM, $UBS, $WMT
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 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.
Latest posts by Paul Ebeling (see all)
- Former Democratic Senator Chris Dodd Out at MPAA - April 28, 2017
- F1: Sebastian Vettel Leads Ferrari (NYSE:RACE) 1-2 in Sochi Practice - April 28, 2017
- US Durable Goods Data Indicates Increased Business Spending - April 28, 2017