Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$HD, $IBM, $MON, $NVDA, $SQ, $UL
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 Friday, as follows:
Home Depot Inc. (NYSE:HD) analysts raised to Overweight from Equal Weight and the price target was raised to 165 from 150 at Morgan Stanley. Home Depot raised its dividend and increased its buyback plan after earnings. The 52-wk trading range is 119.20 – 145.65.
International Business Machines Corp. (NYSE IBM) analysts reiterated as Buy and the price objective was raised to 200 from 185 at Merrill Lynch. The call noted that IBM is not AWS, but the public cloud remains an incremental opportunity that can add another 7 – 15 worth of value per share.
Monsanto Co. (NYSE:MON) was started as Sector Perform with a 118 price target at RBC Capital Markets. Monsanto has a 52-wk trading range of 83.74 – 114.26, and the consensus price target is 120.35.
NVIDIA Corp. (NASDAQ:NVDA) was downgraded to Underperform from Hold and the price target was cut to 85 from 100 at BMO Capital Markets. NVIDIA has a 52-wk trading range of 31.04 – 120.92 and a consensus price target of 114.10.
Square Inc. (NYSE:SQ) analysts raised to Buy from Neutral with a 20 price target at BTIG. Mizuho reiterated its Buy rating and raised its target to 19 from 16, while Goldman Sachs reiterated its Buy rating and raised its target to 17 from 15. Square was maintained as Equal Weight and the price target was raised to 14 at Morgan Stanley.
Unilever PLC (NYSE: UL) may not be in talks with Kraft Heinz now, but the company’s American depositary shares rose 4.6% to 46.93 after it announced a strategic review to maximize shareholder value. Unilever was raised to Buy from Hold by Societe Generale, and the 52-wk trading range is 38.58 – 48.97.
Have a terrific weekend