Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

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:

Amazon.com Inc. (NASDAQ:AMZN) saw its price target raised at Stifel from 912 to 1,025. The firm expects Amazon to continue to invest in strategic areas such as logistics, AWS, emerging geographic regions and video. Stifel also notes that it thinks Alexa will work against margin expansion short term to intermediate term. The 52-wk trading range is 576.50 – 862.80. The Wall Street consensus price objective is 941.38.

Canada Goose Holdings Inc. (NYSE:GOOS) analysts started with a Sell rating at Veritas. This was a recent IPO (initial public offering) that was well received. It has traded as high as 18.40. No consensus price target was posted. The stock closed Tuesday at 16.35.

Red Hat Inc. (NYSE:RHT) saw its price target raised to 98 from 95 at RBC Capital Markets as the company reported 1 the strongest Quarters in recent years as billings spiked. BMO also raises its price target on the shares to 90 from 75. Those targets compare with the current Wall Street consensus target of 87.16. The 52-wk trading range is 68.54 – 85.01.

Snap Inc. (NYSE:SNAP) was started at Hold at called Loop Capital. The shares have traded in a wide range of 18.90 – 29.44 since the recent IPO. The consensus price target is 23.35, and the shares closed Tuesday at 22.21.

Zebra Technologies Corp. (NASDAQ:ZBRA) was started at Needham with a Buy rating with a price target of 102. That compares with to an analysts consensus target of 101.38. The 52-wk trading range is 46.13 – 93.61. Shares closed trading on Tuesday at 88.58

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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