Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$BAC, $C, $JD, $RL

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 Street’s Top analysts outlook for Key issues for Thursday, as follows:

Bank of America Corp. (NYSE:BAC) analysts reiterated as Outperform and the price target was raised to 34 from 29 at Keefe Bruyette & Woods. This is just a day after UBS raised its target price to 31 from 27. The stock has a 52-wk trading range of 21.77 – 29.50.

Citigroup Inc. (NYSE:C) was reiterated as Outperform and the price target was raised to 87 from 80 at Keefe Bruyette & Woods. The shares have a 52-wk trading range of 55.23 – 77.92 and a consensus target price at 77.29.

JD.com Inc. (NASDAQ:JD) analysts resumed a Buy rating and assigned a 48 price target at Stifel. Shares of JD.com were up 1% at 38.97 Wednesday, in a 52-wk range of 25.25 – 48.99. The consensus analyst’s target is 50.46.

Ralph Lauren Corp. (NYSE:RL) was downgraded to Underperform from Neutral with a new price objective of 80 at Merrill Lynch.  Shares trade in a 52-wk range of 66.06 – 103.86.

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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