Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AAPL, $NFLX, $OXY, $SNAP
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:
Apple Inc. (NASDAQ:AAPL) analysts reiterated as Outperform at RBC Capital Markets, but the firm raised its price target to 155 from 140. Apple’s 52-wk trading range is 89.47 – 140.28 and the consensus analyst price target was last seen at 142.69.
Netflix Inc. (NASDAQ:NFLX) raised to Hold from Underperform at Jefferies, but the firm is caving on a lower target by raising its target to 135 from 95. This call is after Jefferies conducted a survey targeting consumers in Germany and India and found that the Netflix growth opportunity appears larger than the firm expected.
Occidental Petroleum Corp. (NYSE:OXY) raised to Buy from Neutral at Merrill Lynch. This is a day after Credit Suisse gave a similar upgrade to Outperform. The 52-wk trading range is 61.01 – 78.48.
Snap Inc. (NYSE:SNAP) started as Underweight and assigned an 18 price target at Cantor Fitz. Snap’s post-IPO range has been 20.15 – 29.44, and it priced at 17/share.