Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$ABT, $GD, $NOC, $OC, $CRM

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 Thursday, as follows:

Abbott Labs Inc.’s (NYSE:ABT) price target was raised to 50 from 46 at RBC Capital Markets. That compares with a Wall Street consensus target of 47.46. The 52-wk trading range is 36.76 – 45.79.

General Dynamics Corp. (NYSE:GD) analysts downgraded GD to Neutral from Buy at Citigroup. The 52-wk trading range for the stock is 127.74 – 191.31, and the consensus price target is 203.06.

Northrop Grumman Corp. (NYSE:NOC) was downgraded to Neutral from Buy at Citigroup. The 52-wk trading range for the defense giant is $185.08 to $253.80. The consensus price target is 258.61.

Owens Corning Inc. (NYSE:OC) was raised to Buy from Neutral at Merrill Lynch. The 52-wk trading range for the shares is 43.68 – 59.16, the consensus price target is 58.80. Shares closed right near that level at $58.49.

Salesforce.com Inc.’s (NYSE:CRM) target price was raised to 102 from 98 at Wedbush who is advising clients to buy shares on any pullback. The firm reiterated its Outperform rating on the stock. The 52-wk trading range is 66.43 – 84.48, and the consensus price target is 94.18.

Stay tuned…

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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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