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

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

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


Daily HeffX-LTN review Wall Street analyst 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 analyst upgrades, downgrades and initiations for Monday, as follows:

Alphabet Inc. (NASDAQ:GOOGL) analysts maintained GOOGL as Outperform with a $920 price target at Credit Suisse. Merrill Lynch maintained its Buy rating but said that earnings disapointed, but that fundamentals are intact, lowering its price objective to 925 from 945. Alphabet has a 52-wk trading range of 532.24 – 810.35.

Apple Inc. (NASDAQ:AAPL) reiterated as Buy at Merrill Lynch, but the firm lowered its price objective to 125 from 130 ahead of this week’s earnings. Merrill Lynch said that it expects Apple to announce a new buyback authorization and dividend increase with earnings. Shares have a consensus price target of 133.64 and a 52-wk trading range of 92.00 – 134.54.

Microsoft Corp. (NASDAQ:MSFT) BMO Capital Markets analysts maintained its Outperform rating but lowered its target to 57 from 58. Merrill Lynch reiterated its Buy rating and 65 price objective. Credit Suisse lowered earnings estimates but maintained its Outperform rating and 62.50 price target. The 52-wk trading range is 39.72 – 56.85.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), saw shares drop 15% to 8.27 with heavy trading volume last Thursday after its earnings missed. Bernstein downgraded Ericsson to Market Perform from Outperform. Shares hit a new low for the year and now have a 52-wk trading range of 8.23 – 11.81.

United Rentals Inc. (NYSE:URI) was downgraded to Hold from Buy at Stifel. Merrill Lynch downgraded it to Underperform based. RBC also downgraded it to Sector Perform from Outperform. United Rentals closed up almost 8% at 64.87 last Thursday and finished at 66.01 Friday. It has a consensus price target of 59.61 and a 52-wk trading range of 41.90 – 105.83.

Have a terrific week.

Paul Ebeling

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