Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CIEN, $GPRO, $NOV, $SNAP, $EXPE
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:
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.
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