Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$ASK, $AU, $BAC, $GE, $DIS

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 Tuesday, as follows:

AK Steel Holding Corp. (NYSE:AKS) analysts raised to Outperform from Neutral with an 8 price target at Macquarie. AK Steel has a 52-wk trading range of 3.31 – 11.39 and had a consensus analyst price target of 9.61.

AngloGold Ashanti Ltd. (NYSE:AU) downgraded to Sector Perform from Outperform at RBC Capital Markets. The firm noted that its valuation should have it perform more in line with peers rather than for it to outperform.  The 52-wk trading range is 9.28 – 22.91, and the consensus price target is at 13.70.

Bank of America Corp. (NYSE:BAC) downgraded to Hold from Buy with a 22 price target at Berenberg. The 52-wk trading range is 12.05 – 25.80, and the consensus analyst target is 25.63.

General Electric Corp. (NYSE:GE) analysts maintained as Buy at Argus, but the firm lowered its price target to 33 from 36 after earnings. The firm noted that GE should have high single-digit earnings growth over the next 5 years and should benefit from its renewed focus on its industrial businesses, as well as from power generation, aviation and health care. The 52-wk trading range is 28.19 – 33.00.

Walt Disney Co. (NYSE:DIS) analysts downgraded to Hold from Buy at Loop Capital. Disney’s 52-wk trading range is 90.32 to 115.12. Its consensus price target is 118.93.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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