Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BABA, $AAPL, $MCD, $NFLX
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:
Alibaba Group Holding Ltd. (NYSE:BABA) was started with Buy rating and assigned a 140 price target at Benchmark. Alibaba is in a 52-wk trading range of 73.30 – 111.88 and with a consensus analyst price target of 128.07.
Apple Inc. (NASDAQ:AAPL) analysts reiterated as Outperform at Credit Suisse, raising its target to 170 from 160. Apple has a 52-wk trading range of 89.47 – 145.46 and a consensus target price at 147.61.
McDonald’s Corp. (NYSE:MCD) was raised to Outperform from Market Perform at Bernstein, and the price target was raised to 160 from 129. Wells Fargo raised its rating to Outperform Monday, but Bernstein call at a 160 target is 13 higher than the highest analyst target on Wall Street. McDonald’s has a 52-wk trading range of 110.33 – 131.96 and a consensus target price at 134.35.
Netflix Inc. (NASDAQ:NFLX) Cantor Fitzgerald maintained an Overweight rating and raised its price target to 165 from 160. Wedbush reiterated its Underperform rating, but it raised its target of 68 to 73 based on cash burn concern.