Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations


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 Friday, as follows:

Cisco Systems Inc. (NASDAQ:CSCO) beat earnings estimates, but softer guidance had shares finish down 7.2% at $31.38 Thursday. Cisco was maintained as Market Perform and the target was cut to 32 from 35 at BMO Capital Markets. Oppenheimer maintained its Outperform rating and 36 target, and Credit Suisse kept its Outperform rating and 40 price target. Merrill Lynch maintained its Neutral rating and lowered its price objective to 35 from 36.

Expedia Inc. (NASDAQ:EXPE) analysts downgraded to Market Perform from Outperform at Raymond James. Expedia has a 52-wk trading range of 96.58 – 145.77 and a consensus analyst target price of 152.86.

Exxon Mobil Corp. (NYSE:XOM) analysts reiterated as Buy and put on the Focus List with a price target of 104 at Argus. Exxon was noted as appearing favorably valued relative to peers, and it continues to benefit from its diverse asset base and strong cost controls. The 52-wk trading range is 80.30 – 95.55, and the consensus target price is 86.70.

First Solar Inc. (NASDAQ:FSLR) was downgraded to Neutral from Outperform with a 38 price target  at Robert W. Baird. First Solar has a 52-wk trading range of 25.56 – 51.33 and a consensus analyst target of 35.39.

Shake Shack Inc. (NYSE:SHAK) was raised to Outperform from Neutral and the price target was raised to 43 from 33 at Wedbush Securities. The upgrade was based on more realistic same-store sales growth expectations and on the potential for upside from new unit strength. Shake Shack has a 52-wk trading range of 30.36 – 42.94.

Have a terrific weekend

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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