Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
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 Wednesday, as follows:
Occidental Petroleum Corp. (NYSE:OXY) analysts raised to Outperform from Neutral at Credit Suisse, and the price target was raised to 79 from 77. Occidental has a consensus analyst target price of 75.00, and it has a 52-wk trading range of 61.01 – 78.48. Note: Credit Suisse noted that Occidental is attractively valued and that its good inventory of low-cost Permian Basin reserves is not reflected in the valuation.
Oracle Corp. (NYSE:ORCL) reiterated as Buy with a 48 price target at Merrill Lynch. This was just a day after a more cautious call from a competing firm. Merrill Lynch sees Oracle’s business poised for an inflection point to potentially deliver mid-single-digit software revenue growth and operating income going forward.
Walt Disney Co. (NYSE:DIS) analysts raised to Buy from Neutral with a 128 price target at Guggenheim. The consensus price target is 116.69, and the 52-wk range is 90.32 – 111.99.
Wal-Mart Stores Inc. (NYSE:WMT) is rated as Buy and added to the prized US 1 List at Merrill Lynch. Despite retail issues, the firm believes that Wal-Mart’s focus on its core US strategy is working. The firm sees e-Commerce sales momentum continuing in FY 2018.
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