Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$EMC, $XOM, $FSLR, $NEM
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 Friday, as follows:
EMC Corp. (NYSE:EMC) downgraded to Neutral from Buy with a 28 price target at Sterne Agee. Its consensus price target is 28.87, and it has a 52-wk trading range of 22.66 – 28.77.
Exxon Mobil Corp. (NYSE:XOM) downgraded to Neutral from Buy at Merrill Lynch. After a $89.24 close, the firm said that Exxon Mobil’s outperformance has lifted the shares within sight of fair value. The thesis of improving E&P margins is said to be intact, but it has perhaps been discounted by Exxon’s role in reducing energy underweights. The firm prefers Occidental Petroleum Corp. (NYSE:OXY) and really likes ConocopPhillips (NYSE:COP) better for a greater absolute value.
First Solar Inc. (NASDAQ:FSLR) analysts started with a Market Perform rating at Wells Fargo. The consensus price target is 73.62. The 52-week range is 40.25 – 74.29.
Newmont Mining Corp. (NYSE:NEM) analysts downgraded to Hold from Buy at Jefferies, and the price target was cut to 33 from 38. The firm sees near-term headwinds and near-term Gold price risks at a time of likely rising rates. The consensus price target is 35.35, and the 52-wk trading range is 15.39 – 35.75.