Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AIG, $BA, $GME, $SBUX, $CI
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 Tuesday, as follows:
American International Group Inc. (NYSE:AIG) analysts downgraded to Sell from Hold and the price target was cut to 57 from 61 at Deutsche Bank. AIG has a 52-wk trading range of 48.41 – 67.47, and this would indicate the 6th consecutive daily fall in its shares.
Boeing Co. (NYSE:BA) was downgraded to Equal Weight from Overweight at Morgan Stanley. The firm feels that Boeing’s valuation is high, now that its shares have risen about 40% since mid-2016, while its earnings potential is largely unchanged. Boeing has a 52-wk trading range of 122.35 – 185.71.
GameStop Corp. (NYSE:GME) analysts downgraded to Market Perform from Outperform at Telsey Advisory Group. The firm’s prior view that the company’s physical video game sales would decline slower than expected has not held up. GameStop has a 52-wk trading range of 20.10 – 33.72, and it has a consensus analyst price target of 26.32.
Starbucks Corp. (NASDAQ:SBUX) was reiterated as Outperform and with a 65 price target at Wedbush Securities. The firm’s checks indicate 3% US comparable sales growth in Q-2 and with acceleration in recent weeks. The firm also believes that 15% earnings growth on mid-single-digit comparable sales growth is realistic for FY 2017.
CIGNA Corp. (NYSE: CI) was started as Buy with a 175 price objective at Merrill Lynch. The call noted significant upside potential with a positive view on the core business with upcoming catalysts. The firm sees solid commercial and solid international growth ahead.