Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$ADSK, $KATE, $JD, $TGT, $WFM
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:
Autodesk Inc. (NASDAQ:ADSK) analysts raised to Outperform from Neutral at Wedbush. The 52-wk trading range is 49.82 – 93.99, and the consensus price target on Wall Street is 91.50. The shares closed most recently at 94.74, so this could be a price break-out call.
Kate Spade Inc. (NASDAQ: KATE) downgraded to Market Perform from Outperform at Wells Fargo on the heels of the company being purchased by Coach for $2.4-B. The 52-wk trading range for Kate Spade is 14.02 – 24.24, and the consensus price objective is 41.50. The shares closed Tuesday at 18.41.
JD.com Inc. (NYSE:JD) was raised to Market Perform from Underperform at Bernstein. The 52-wk trading range is 19.51 – 39.09, and the consensus price objective is 36.93. The stock closed Tuesday at 38.53.
Target Corp. (NYSE:TGT) analysts started with a Sell rating at Gordon Haskett. The 52-wk trading range is 52.72 – 80.21, and the consensus price target for the retailer is 59.91. The stock closed Tuesday at 58.08.
Whole Foods Market Inc. (NASDAQ:WFM) was started with a Buy rating at Gordon Haskett. The 52-wk trading range is 27.67 – 37.33. The consensus price target is 30.20. Shares closed on Tuesday at 36.57.
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