Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GS, $ILMN, $PYPL, $WMB
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Goldman Sachs Group Inc. (NYSE:GS) was downgraded to Sell from Neutral at Citigroup in a valuation call. The 52-wk trading range is 138.20 – 246.20, and the consensus target price is 234.23.
Illumina Inc. (NASDAQ:ILMN) analysts raised to Buy from Neutral at Merrill Lynch, but the firm’s price objective is now 175. The upgrade was said to be based on its HiSeq upgrade, GRAIL restructuring and a better research demand.
PayPal Holdings Inc. (NASDAQ: PYPL) Berenberg started the stock with a Buy rating and assigned a 51 price target. Its consensus target price is 46.47, and the 52-wk trading range is 30.52 – 44.52.
Williams Companies Inc. (NYSE:WMB) analysts downgraded the stock to Hold from Buy and the price target was cut to 32 from 35 at Jefferies. The move came after Williams announced a series of transactions aimed at simplifying its corporate structure, minimizing future equity needs, reducing leverage, improving WPZ’s cost of capital and charting a path for future distribution and dividend growth. Jefferies analyst feels long-term upside may be limited.
Latest posts by Paul Ebeling (see all)
- F1: The Current Pirelli Tire Process is “wrong” for Ferrari - August 24, 2019
- Donald Trump has Reshaped The GOP, Democrats Fear His Reelection - August 24, 2019
- Places Where Summer Never Ends - August 24, 2019