Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AIG, $PFE, $WFM, $VLO, $YUM
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
American International Group, Inc. (NYSE:AIG) analyts raised to Overweight from Equal Weight at Morgan Stanley. AIG has a 52-wk trading range of 48.41 – 67.47 and a consensus analyst target price of 68.43.
Pfizer Inc. (NYSE:PFE) was downgraded to Sell from Neutral with a 31 price target at Citigroup. Its consensus target price was 37.89 ahead of the call.
Whole Foods Market Inc. (NASDAQ:WFM) analysts started with a Hold rating and assigned a 35 price target at Loop Capital. Whole Foods is not being given much of a takeover chance here based on a lower price target, and the consensus analyst target price is 34.05 with a 52-wk trading range of 27.67 – 38.29.
Valero Energy Corp. (NYSE:VLO) was downgraded to Neutral from Buy with a 73 price target at Goldman Sachs. It trades in a 52-wk range of 46.88 to 71.40 and with a consensus target price of 73.76.
Yum! Brands Inc. (NYSE:YUM) was raised to Buy from Hold with a price target of 80 at Argus. The firm noted that Yum continues to transform its business through re-franchising and that it now plans to raise the percentage of franchised restaurants from a current 93% to 98% by Y 2018. The stock trades in a 52-wk range of 56.31 – 69.43 and with a consensus target price at 73.53.