Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BABA, $NVDA, $OXY, $YELP
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follows:
Alibaba Group Holding Ltd. (NYSE:BABA) analyst reiterated as Overweight and the price target was raised to 132 from 130 at Barclays. Alibaba has a 52-wk trading range of 73.30 – 120.00 and a consensus analyst target price of 129.97.
NVIDIA Corporation (NASDAQ:NVDA) closed up after beating earnings and raising guidance Tuesday. Jefferies reiterated its Buy rating and 140 target price, calling it a top pick. Barclays has an Equal Weight rating raising its target to 105 from 90.
Occidental Petroleum Corp. (NYSE:OXY) was raised to Neutral from Underweight and the price target was raised to 67 from 66 at JPMorgan. Occidental has a 52-wk trading range of 57.20 – 78.48, and the consensus target price was 73.57..
Yelp Inc. (NYSE:YELP) Wedbush analyst maintained a Neutral rating and lowered its price target to 29 from 37. RBC cut its rating to Sector Perform from Outperform, and the price target was slashed to 27 from 49. JPMorgan maintained an Overweight rating but cut its target to 37 from 48.