Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CVX, $GOLD, $URBN, $VOD
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
Chevron Corp. (NYSE:CVX) analysts reiterated as Buy with a 147 price target at Jefferies on the back of Chevron’s analyst day. The firm sees Chevron’s communications as in line with expectations. The firm said that the cash cycle is improving, while CAPEX is being tightly controlled. The firm also noted that Chevron’s production growth will accelerate and that the Permian Basin will be a Key growth contributor.
Randgold Resources Ltd. (NASDAQ:GOLD) downgraded to Underperform from Sector Perform at RBC Capital Markets, but the firm also has 4 solid Gold buys with the expected interest rate hikes expected to already have been priced in.
Urban Outfitters Inc. (NASDAQ:URBN) analysts maintained as Buy at Jefferies, but the price target was cut to 35 from 43. Wedbush Securities maintained a Neutral rating but cut its target to 26 from 28. William Blair downgraded Urban Outfitters to Market Perform from Outperform.
Vodafone Group PLC (NASDAQ:VOD) analysts rated VOD as Buy at Goldman Sachs, but the firm added it to the prized Conviction Buy list. Vodafone’s ADSs also have a price target of 38, Vs a 25.04 prior close. The 52-wk trading range is 24.17 – 31.69, and the consensus analyst price target is 33.23.
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