Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AAPL, $BA, $CSX, $DE, $HUM
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 Wedesday, as follows:
Apple Inc. (NASDAQ:AAPL) was downgraded to Equal Weight from Overweight with a 117 price target at Barclays. The firm’s analysis was one of Apple having few catalysts and being dead money in Y 2017. It has a 52-wk trading range of 89.47 – 120.81 and a consensus analyst target price of 133.45.
Boeing Co. (NYSE:BA) was reiterated as Buy with a 185 price target at Argus. The firm is refreshing its earnings view based on Boeing’s commercial aircraft backlog of more than 5,600 aircraft orders representing about 7 years of production. They expect this to be the top driver for Boeing shares and believe that it’s clear skies ahead after management recently gave a 30% hike to the dividend. Analysts have a consensus target price of 161.70, with a 52-wk trading range of 102.10 – 160.30.
CSX Corp. (NYSE:CSX) was reiterated as Buy, but the price objective was raised to 54 from 45 at Merrill Lynch. The firm feels that CSX could lead to sizable value if its board chooses the right path, it has a 52-wk trading range of 21.64 – 46.07, the consensus analysts price target of 40.46.
Deere & Co. (NYSE:DE) was started with a Sell rating and assigned a 90 price target at Berenberg. Deere has a 52-wk trading range of 71.64 – 107.30 and a consensus analysts price target at 102.65.
Humana Inc. (NYSE:HUM) was downgraded to Hold from Buy at Stifel, the stock has a 52-wk trading range of 150.00 – 217.80 and a consensus analyst price target of 222.46.