Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CMG, $IBM, $NFLX, $PYPL, $CRM
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Chipotle Mexican Grill Inc. (NYSE:CMG) was downgraded to Underperform from Market Perform at Raymond James, noting that last year’s woes may prove to be long-lasting or even permanent. Its 52-wk trading range is 384.77 – 720.50, and the consensus analyst price target is 433.96.
International Business Machines Corp. (NYSE:IBM) analysts maintained as Neutral and the price target was cut to 145 from 147 at Goldman Sachs. Credit Suisse maintained its Underperform rating and 110 price target, and Barclays maintained its Underweight rating but cut the price target to 135 from 140. Citigroup reiterated its Neutral rating and 160 price target.
Netflix Inc. (NASDAQ:NFLX) analysts reiterated as Underperform but the price target was raised to 60 at Wedbush Securities. Baird reiterated its Neutral rating but raised its target to 120 from 94/share. Deutsche Bank maintained its Sell rating but raised its price target to 92 from 90. UBS maintained its Neutral rating but raised its target to 119 from 92, and Goldman Sachs maintained a Neutral rating but raised its target to 140 from 115.
PayPal Holdings Inc. (NASDAQ:PYPL) was started with a Buy rating and assigned a 46 price target at Evercore ISI. Shares have a 52-wk trading range of 30.52 – 41.75. The consensus price target is 44.60.
Salesforce.com Inc. (NYSE:CRM) started as Buy with a 90 price target at Rosenblatt Securities. The 52-wk trading range is 52.60 – 84.48, and the consensus price target is 93.51.
Latest posts by Paul Ebeling (see all)
- People a Asking: What Does the Future Hold for Elon Musk and Tesla? - September 19, 2018
- The Marina Bay Sands in Singapore - September 19, 2018
- Ferrari (NYSE:RACE) to Launch 15 New Models by 2022 - September 19, 2018