Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$T, $BLK, $AVGO, $DEO, $GLMD

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 Monday, as follows:

AT&T Inc. (NYSE:T) was downgraded to Market Perform from Outperform at Raymond James. The stock was after the Department of Justice appealed the approval AT&T’s acquisition of Time Warner.

BlackRock Inc. (NYSE:BLK) was raised to Outperform with a 590 price target at Keefe Bruyette & Woods. BlackRock was just included among Credit Suisse’s updated Top Picks list of stocks with over 50% in implied upside to its target.

Broadcom Ltd. (NASDAQ:AVGO) was downgraded to Market Perform from Outperform with a 230 price target at BMO Capital Markets. Raymond James downgraded Broadcom to Market Perform from Strong Buy after the CA acquisition too.

Diageo PLC (NYSE:DEO) was raised to Buy from Neutral at Goldman Sachs. Argus started Diageo with a Buy rating and a 168 price target with the independent research firm talking up Diageo’s strong brands, its leading position in many spirits categories and a relatively low-cost structure.

Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) was started with a Buy rating and assigned a 35 price target at Stifel.

Have a terrific week.

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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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