Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BP, $BHP, $HAL, $IBM, $QCOM, $RSD-A
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follows:
BP Plc (NYSE:BP) downgraded to Neutral from Buy at Citigroup. The 52-wk trading range for the stock is 30.66 – 38.88, and the consensus price objective is 37.79.
BHP Billiton Ltd. (NYSE:BHP) analysts raised BHP to Buy from Hold at HSBC. The 52-wk trading range is 25.75 – 41.79. The consensus price objective is 39.93..
Halliburton Inc. (NYSE:HAL) analysts started with a Buy rating at HSBC. The 52-wk trading range for the oilfield services giant is 38.24 – 58.78. The consensus price target is 63.23.
International Business Machines Corp. (NYSE:IBM) missed earnings estimates, the company is reporting revenues down year over year for a stunning 20th Quarter running. RBC lowered the price target to 180 from 185. Merrill Lynch reiterated its 200 price objective and Buy rating. The 52-wk trading range is 142.50 – 182.79. The consensus price target is 169.15,
Qualcomm Inc. (NASDAQ:QCOM) was downgraded to Neutral from Buy at Rosenblatt. The 52-wk trading range for the tech giant is 50.11 – 71.62, and the consensus price objective is 64.74.
Royal Dutch Shell PLC (NYSE:RDS-A) analysts downgraded to Sell from Neutral at Citigroup. The 52-wk trading range is 46.57 – 56.39, and the consensus price target is 62.70.