Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BAC, $CAT, $NKE, $PNRA, $SNAP
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.