Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CTSH, $ESTY, $GPRO, $ILMN, $SHAK
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Monday, as follows:
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) was raised to Outperform from Neutral and assigned a 70 price target at Wedbush Securities. The firm said that this is after positive views about IT spending survey results. The stock has a 52-wk trading range of 45.44 – 63.43, and its consensus analyst price target is 63.55.
Etsy Inc. (NASDAQ:ETSY) analysts at Piper Jaffery started with a Neutral rating and assigned a 13.50 price target. It has a 52-wk trading range of 6.04 – 16.05 and a consensus price target of 15.82.
GoPro Inc. (NASDAQ: GPRO), the company continues to lose its shine in interest. Longbow Research downgraded the shares to Underperform from an already-cautious Neutral rating with a 7.00 price target. GoPro’s 52-wk range is 8.54 – 17.68.
Illumina Inc. (NASDAQ:ILMN) reiterated as Sell with a 125 price target at Janney, which noted higher revenues but less transparency. The 52-wk trading range is 119.37 – 186.88, the consensus target price is now closer to 140.
Shake Shack Inc. (NYSE:SHAK) shareholders are being told that a growing restaurant chain valued at 70X next year’s earnings might be lofty in a valuation. Buckingham Research downgraded the stock to Neutral from Buy with a 40 price target. Shake Shack’s 52-wk trading range is 30.00 – 43.99.
Travelers Companies Inc. (NYSE: TRV) Friday, Atlantic Equities also downgraded Travelers to Underweight from Neutral with a 110 price target. Its consensus target price prior to the downgrades was 117, and its 52-wk trading range is 101.23 – 123.0
Have a terrific week.