Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AA, $ARCH, $BIDU, $CIEN, $VALE
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Alcoa Corp. (NYSE:AA) was raised to Outperform from Neutral with a 39 price target at Macquarie.
Arch Coal Inc. (NYSE:ARCH) analysts started with a Buy rating and assigned a 103 price target at MKM Partners.
Baidu Inc. (NASDAQ:BIDU) analysts started as Hold with a 200 price target at Evercore ISI.
Ciena Corp. (NASDAQ:CIEN) was started with an Overweight rating and assigned a 30 price target at Piper Jaffray. Its consensus analyst price target is 28.26, and it has a 52-wk trading range of 15.62 – 25.18.
Vale S.A. (NYSE:VALE) recently announced the sale of fertilizer assets to Mosaic, and Credit Suisse sees the divestment of those assets as a positive for the shares, despite just a Neutral rating. Vale also was reiterated as Hold at Jefferies, but the firm raised its target to 9.25 from 9.00. Vale is trading in a 52-wk range of 2.13 – 9.34.