Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$BAC,  $CAT,  $NKE,   $PNRA,  $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 Wednesday, as follows:

Bank of America Corp. (NYSE: BAC) analysts downgraded to Neutral from Buy with a 25 price target at Citigroup. Bank of America shares have a 52-wk trading range of 12.05 – 25.80 and a consensus price target of 25.39.

Caterpillar Inc. (NYSE:CAT) Goldman Sachs added the firm added Caterpillar to the prized Conviction Buy list with a 120 price target. The 52-wk trading range is 69.04 – 99.46, and Caterpillar has a consensus target price at 92.95.

Nike Inc. (NYSE:NKE) analysts downgraded to Hold from Buy at Argus. Shares trade in a 52-wk range of 49.01 – 60.68. The consensus target price is 62.36.

Panera Bread Co. (NASDAQ: PNRA) was downgraded to Neutral from Outperform at Robert W. Baird, Credit Suisse raised its target to 300 from 260, noting that a buyout makes sense in the 300 to 310 marks. This is after speculation that Starbucks (NASDAQ:SBUX) should buy the restaurant operator.

Snap Inc. (NYSE:SNAP) was started with a Neutral rating at BTIG.  Snap’s post-IPO range is 18.90 – 29.44, and it has a consensus price target at 23.36.

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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