Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BBBY, $GE, $STNG, $TIF, $TTD
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 Monday, as follows:
Bed Bath & Beyond Inc. (NASDAQ:BBBY) raised to Hold from Sell at Loop Capital. Bed Bath & Beyond has a 52-wk trading range of 36.51 – 48.83 and a consensus analyst target price of 39.05.
General Electric Co. (NYSE: GE) analysts downgraded to Sell from Hold at Deutsche Bank. The 52-wk trading range is 28.19 – 33.00, and the consensus target price was 32.57 prior to this call. Deutsche Bank’s price target is down at 24, which would represent a 52-wk low if it happens, and it is $3 lower than the lowest price target of all sell-side analysts tracked by Thomson Reuters.
Scorpio Tankers Inc. (NYSE:STNG) was raised to Buy from Underperform at Merrill Lynch. Scorpio shares finished at 4.19 Friday.
Tiffany & Co. (NYSE:TIF) was raised to Buy from Neutral with a 107 price target at Goldman Sachs. Tiffany shares have a 52-wk trading range of 56.99 at 97.29, and the consensus price target is 95.53.
Trade Desk Inc. (NASDAQ:TTD) was raised to Overweight from Neutral at Cantor Fitz. Trade Desk’s year high was 46.21, and its consensus target price was 43.43 ahead of this call. RBC Capital Markets has an Outperform rating on Trade Desk but raised its target to 56 from 45. TTD shares finished at 51.90 Friday +30.11% on the day.
Have a terrific week
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