Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CVX, $HD, $NKE, $QCOM, $VMW
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Tuesday, as follows:
Chevron Corp. (NYSE:CVX) analysts raised to Buy from Neutral and was added to the prized Conviction Buy list with a 118 price target at Goldman Sachs. Jefferies reiterated its Buy rating and raised its target to 120 from 116. The 52-wk trading range is 75.33- 107.58, and the consensus price target is 111.71.
Home Depot Inc. (NYSE:HD) downgraded to Neutral from Overweight and the price target was cut to 121 from 152 at Piper Jaffray. The 52-wk trading range is 109.62 – 139.00, and the consensus analyst target is 149.87.
Nike Inc. (NYSE:NKE) downgraded to Underperform from Neutral with a 46 price target at Merrill Lynch. The 52-wk trading range is 50.71 – 68.19. The consensus price target is 62.41.
Qualcomm Inc. (NASDAQ:QCOM) was raised to Buy from Neutral and the price target was raised to 80 from 55 at Nomura. It has a 52-wk trading range of 42.24 – 71.62 and a consensus price target at 70.15.
VMware Inc. (NYSE:VMW) analysts raised to Outperform from Perform with a 90 price target at Oppenheimer. The 52-wk trading range is 43.25 – 77.98, the consensus price target is 78.86.