Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$ARCH, $COF, $HTZ, $M
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Monday, as follows:
Arch Coal Inc. (NYSE:ARCH) analysts started with a Buy rating and assigned a 90 price target at Jefferies. The firm sees Arch Coal having a low-cost portfolio of US coal assets and a clean balance sheet, which helps to position it to generate strong FCFs (free cash flows) even in a flat coal price environment.
Capital One Financial Corp. (NYSE:COF) analysts raised to Buy from Neutral at Goldman Sachs. Shares are in a 52-wk trading range of 58.03 to 91.64. Capital One has a consensus analyst price target of 98.75.
Hertz Global Holdings Inc. (NYSE:HTZ) downgraded to Underperform from Neutral at Credit Suisse, and the firm lowered its target price from 27 to 15. Hertz closed down 4% at 21.66 Thursday, a finished at 20.00 Friday.
Macy’s Inc. (NYSE:M) was raised to Overweight from Neutral at Atlantic Equities. Macy’s has a consensus target price of 35.38 and a 52-wk trading range of 28.55 – 45.50.
Have a terrific week.
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