Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CIEN, $GPRO, $NOV, $SNAP, $EXPE
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Monday, as follows:
Ciena Corp. (NASDAQ:CIEN) downgraded to Neutral from Buy with a 28 price objective at Merrill Lynch. Ciena has a 52-wk trading range of 15.62 – 26.84 and a consensus analyst price target of 28.64.
GoPro Inc. (NASDAQ:GPRO) analysts started with a Sell rating and assigned an 8 price target at Citigroup. GoPro has a 52-wk trading range of 8.54 and has a consensus price target of 8.86.
National Oilwell Varco Inc. (NYSE:NOV) raised to Buy from Hold with a 51 price target at Argus. The firm said that this upgrade reflects the company’s narrower-than-expected net loss in Q-4 and on management’s optimism about the US land market and expected higher rig counts.
Snap Inc. (NYSE:SNAP) Atlantic Equities downgraded its rating to Underweight from Neutral with a 14 price target (it was not a member of the underwriting syndicate, underwriting firms cannot yet cover the stock). Susquehanna started Snapchat’s parent with a Neutral rating and assigned a 22 price target.
Expedia Inc. (NASDAQ:EXPE) was raised to Neutral from Sell with a $130 price target at Citigroup. Expedia has a 52-wk trading range of 96.58 – 133.55 and a consensus price target of 140.97.
Have a terrific week.