Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$OXY, $ORCL, $DIS, $WMT
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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