Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

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

Chipotle Mexican Grill Inc. (NYSE:CMG) analysts raised CMG to Outperform from Underperform at CLSA.  Chipotle has a 52-wk trading range of 384.77 – 758.61.

3M Co. (NYSE:MMM) reiterated as Buy at Jefferies, but the standout issue here is that the price target was raised to 210 from 190. The stock has a 52-wk trading range of 134.00 – 181.84. The consensus analyst price target was 174.57, but the prior street-high analyst price target was 200.

Mobileye N.V. (NYSE:MBLY) analysts started with a Neutral rating and its price target is 55 at JPMorgan. The 52-wk trading range is 23.57- 64.48, and the consensus price target is 56.92.

Netflix Inc. (NASDAQ:NFLX) closed at 85.84 Tuesday. The online film and media streaming giant was maintained as Underperform at Jefferies but the price target was cut to 76 from 80 in that call. Mizuho maintained its Neutral rating but cut its target to 90 from 109. Merrill Lynch reiterated its Buy rating and 121 price objective, and Credit Suisse maintained its Outperform rating and 122 target. Netflix has a 52-wk trading range of 79.95 – 133.27.

Yahoo! Inc. (NASDAQ:YHOO) Yahoo was downgraded to Hold from Buy with a 41 price target at Pivotal Research. RBC Capital Markets reiterated its Sector Perform rating and raised its price target to 39 from 38. Merrill Lynch said that its base case, using a 20% discount on Alibaba, suggests 43, but the upside case its 48 price objective.

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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