Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$FCX, $GRPN, $JPM, $LLTC, $MRO
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 Tuesday, as follows:
Freeport-McMoRan Inc. (NYSE:FCX) analysts started as Underperform with an 8 price objective at Merrill Lynch. The 52-wk trading range is 3.52 – 14.06, and the consensus price target is 11.38.
Groupon Inc. (NASDAQ:GRPN) was raised to Outperform from Neutral and the price target was raised to 6.50 from 4.50 at Wedbush Securities. It has a 52-wk trading range of 2.15 – 5.94 and a consensus price target of 4.94.
JPMorgan Chase & Co. (NYSE:JPM) analysts downgraded to Market Perform from Outperform at BMO Capital Markets. Buckingham Research also reportedly downgraded it to Neutral from Buy. The money center bank has a 52-wk trading range of 52.50 – 69.06. The consensus price target is 71.27.
Linear Technology Corp. (NASDAQ:LLTC) analysts downgraded to Perform from Outperform at Oppenheimer. The 52-wk trading range is 37.33 – 64.42. The consensus price target is 60.63.
Marathon Oil Corp. (NYSE:MRO) downgraded to Equal Weight from Overweight and the price target was lowered to 17 from $18 at Barclays. The 52-wk trading range is 6.52 – 20.09, and the consensus price target of 18.16.
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