Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations


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 Monday, as follows:

Alphabet Inc. (NASDAQ:GOOGL) was reiterated as Buy with a 1,000 target at Jefferies, as it is trading at 15X its ex-cash earnings and they say it remains a top pick. Wedbush kept its same lone Underperform rating and its same 700 price target as traffic acquisition cost pressures weigh on EPS estimates.

Caterpillar Inc. (NYSE:CAT) analysts raised to Outperform from Market Perform at Wells Fargo. Credit Suisse reiterated its Outperform rating after earnings and noted that Caterpillar still has room. Shares have a 52-wk trading range of 59.80 – 98.98. The consensus analyst target price is 90.07.

Ford Motor Co. (NYSE:F) was raised to Outperform from Sector Perform with a 14 price target at RBC Capital Markets. Ford has a 52-wk trading range of 11.02 – 14.22 and a consensus price target is 12.83. LTN sees Ford at 15/share mid term.

Intel Corp. (NASDAQ:INTC) Morgan Stanley raised Intel’s rating to Equal Weight from Underweight with a 38 price target. Credit Suisse reiterated its Outperform rating and raised its target price to 45 from 40. Intel’s 52-wk trading range is 27.68 – 38.36, and the consensus price target is 40.09.

Microsoft Corp. (NASDAQ:MSFT) Jefferies maintained its Underperform rating in defiance, calling its modus operandi the same by exceeding estimates established by its lowered guidance, but the firm did raise its target to 45 from 43. RBC Capital markets raised its target to 71, Canaccord Genuity raised its target to 65, and Stifel raised its target to 68.

Wynn Resorts Ltd. (NASDAQ:WYNN) was raised to Neutral from Reduce with a 99 price target at Instinet. Its 52-wk trading range is 56.51 – 109.50.

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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