Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AMD, $ANGI, $ENB, $NBL
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:
Advanced Micro Devices Inc. (NASDAQ:AMD) was downgraded to Underperform from Neutral at Macquarie. Jefferies maintained its Buy rating and 16 target, noting that the double-digit percentage fall looks like an overshoot for a robust product cycle and gross margin expansion cycle. Credit Suisse maintained its Neutral rating while raising estimates.
Angie’s List Inc. (NASDAQ:ANGI) was downgraded to Hold from Buy at Loop Capital after the announcement. Jefferies said it is positive on the deal as it positions IAC as the premier player in the home services marketplace.
Enbridge Inc. (NYSE:ENB) was started as Equal Weight with a 45 price target at Morgan Stanley. Enbridge has a 52-wk trading range of 38.40 – 45.77 and a consensus analyst price target of 46.38.
Noble Energy Inc. (NYSE:NBL) was started with an Outperform rating and assigned a 40 price target at Evercore ISI. The 52-wk trading range is 31.87 – 42.03, and the consensus price target is 46.50.