Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$ORCL, $SLW, $WFT, $YHOO
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Monday, as follows:
Oracle Corp. (NYSE:ORCL) reiterated as Neutral with a 43 target price at Wedbush. Wedbush said that it is more inclined to be positive on Oracle than in recent years, based on a better IT demand environment and potential accretion from Oracle’s transition to cloud applications. The firm still has concerns that consensus expectations for Y 2018 revenues look too high.
Silver Wheaton Corp. (NYSE:SLW) was opened with an Outperform rating at Credit Suisse, and the price target conversion from Canadian dollars implied upside of almost 21% to the firm’s target price. Credit Suisse is above-consensus but not the highest analyst target. Silver Wheaton’s US-traded shares finished at 21.84 Thursday, in a 52-wk trading range of 16.52 – 31.35. The consensus target price is at 28.07.
Weatherford International PLC (NYSE:WFT) analysts downgraded to Neutral from Buy with a 7.25 price target at Goldman Sachs. Weatherford has a 52-wk trading range of 3.73 – 8.49 and a consensus price target at 7.63.
Yahoo! Inc. (NASDAQ:YHOO) was reiterated as Hold but the price target was raised to 46 from 41 at Pivotal Research.
Have a terrific week.