Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BBY, $GRPN, $SNAP, $SBUX
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