Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BBY, $GRPN, $SNAP, $SBUX
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 Tuesday, as follows:
Best Buy Co, Inc. (NYSE:BBY) raised to Overweight from Neutral and with a 55 price target at Piper Jaffray. Best Buy has a 52-wk trading range of 28.76 – 49.40 and had a consensus analyst target price of 46.27.
Groupon Inc. (NASDAQ:GRPN) was started with a Buy rating and assigned a $5 price target at Citigroup. Groupon has a 52-wk trading range of 2.92 – 5.94 and a consensus analyst price target of 4.91.
Snap Inc. (NYSE:SNAP) has seen its quiet period end, so analysts from the underwriting syndicate are now covering. Cowen started Snap as Outperform and assigned a 26 target, while Morgan Stanley started Snap with an Overweight rating and a 28 target. RBC started Snap as Outperform and assigned a 31 target, and Jefferies assigned a Buy rating and 20 target. Goldman Sachs started Snap as Buy with a 27 target. Citigroup started Snap as a Buy.
Starbucks Corp. (NASDAQ:SBUX) was started as Outperform and assigned a 66 price target at Telsey Advisory Group. Starbucks has a 52-wk range of 50.84 – 61.64 and a consensus price target of 64.31