Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$ORCL, $SLW, $WFT, $YHOO
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 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.
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