Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

 $IBM, $QCOM, $VRX, $YUMC

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:

International Business Machines Corp. (NYSE:IBM) analysts raised to Buy from Neutral at Merrill Lynch, and the price target was raised to 185 from 170 IBM had a consensus analyst target price of 156.38 and a 52-wk trading range of 116.90 – 165.00.

Qualcomm Inc. (NASDAQ:QCOM) analysts downgraded to Equal Weight from Overweight with a 65 price target at Morgan Stanley. The consensus target price is 73.10, and the 52-wk trading range is 42.24 – 71.62.

Valeant Pharmaceuticals International Inc. (NYSE:VRX). The stock was downgraded to Neutral from Buy at Rodman & Renshaw, and Morgan Stanley maintained an Overweight rating but cut its price target to 25 from 42. The 52-wk trading range is 13.77 – 119.87.

Yum China Holdings Inc. (NYSE:YUMC) was started as Outperform with a 33 price target at Oppenheimer. Yum China has had a post-IPO low of 24.00 and a post-spin high of 28.14.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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