Wall Street’s Top Analysts’ Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts’ Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts’ Upgrades, Downgrades & Initiations

$BUD, $CHTR, $COST, $NKE, $UA, $WFM

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:

Anheuser-Busch InBev S.A./N.V. (NYSE:BUD) analysts raised to Buy from Hold at Investec (overseas). The American depository shares closed most recently at 126.22, and the stock has a consensus analyst price target of 136.95 and a 52-wk trading range of 102.58 – 132.91.

Charter Communications Inc. (NASDAQ:CHTR) raised to Strong Buy from Outperform at Raymond James. The stock has a 52-wk range of 156.13 – 233.70.

Costco Wholesale Corp. (NASDAQ:COST) was raised to Buy from Neutral with a $175 price target (versus a $148.77 prior close) at Goldman Sachs. The consensus price target is $168.08, and the 52-week range is $117.03 to $169.73.

Nike Inc. (NYSE:NKE) analysts downgraded to Equal Weight from Overweight and the price target was cut to 60 from 69 at Morgan Stanley. It has a consensus price target of 71.32 and a 52-wk trading range of 47.25 – 68.19.

Under Armour Inc. (NYSE:UA) maintained as Hold at Jefferies, the price target was cut to 42 from 45, Jefferies is mainly concerned about high expectations, valuation and the potential rise of Adidas back into the US market. The consensus price target is 54.00. The 52-wk trading range is 31.62 – 52.95.

Whole Foods Market Inc. (NASDAQ:WFM) was raised to Outperform from Neutral and the price target was raised to 40 from 30 Vs 33.94 at Wednesday’s close, at Credit Suisse. It has a consensus price target of $29.71 and a 52-wk trading range of 28.07 to 41.9

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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