Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$MRO, $NKE, $$STO
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Marathon Oil Corp. (NYSE: MRO) analysts raised MRO to Overweight from Equal Weight with a 21 price target at Morgan Stanley. Credit Suisse already called an Outperform rating and raised its target to 18.50 from 18.00. The consensus price target is 16.04, and the 52-wk trading range is 6.52 – 27.77.
Nike Inc. (NYSE:NKE) analysts maintained NKE as Buy at Jefferies, but the price target was cut to 67 from 74. The firm said that it expects in-line results when Nike reports earnings next week, the focus should be on the comments and an update to the Y 2017 outlook. The consensus price target is 70.46, and the 52-wk trading range is 47.25 – 68.19.
Statoil ASA (NYSE:STO) was downgraded to Sell from Hold at Deutsche Bank. The consensus price target is 16.43. The 52-wk trading range is 10.89 – 18.61.
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