Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$A, $CVNA, $NBL, $SHOP
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Agilent Technologies Inc. (NYSE:A), Janney Capital Markets reiterated its Buy rating and raised its target to 65 from 60, after noting that this was 8 straight earnings beats with better guidance. Jefferies reiterated its Buy rating and raised its Agilent target price to 66 from 59.
Carvana Co. (NYSE:CVNA), Carvana was started as Outperform with a 15 target at Baird, and William Blair started it as Outperform. It was started as Outperform with a 17 target at JMP Securities. Merrill Lynch started it with a Buy rating and 25 price objective, and Citigroup started Carvana with a Buy rating and 17 target. It was started as Outperform with a 19 target at Wells Fargo.
Noble Energy Inc. (NYSE:NBL) analysts assumed with a Buy rating and assigned a 49 price objective at Merrill Lynch. The firm noted its sale of Marcellus midstream assets last week looking fair and that the total asset sales in Y 2017 are now almost $2-B and running 2X what management targeted.
Shopify Inc. (NYSE:SHOP) analysts reinstated as Outperform and assigned a 95 price target at Credit Suisse after modeling in a follow-on offering. Shopify finish at 90.50 Tuesday, in a 52-wk trading range of 26.35 – 95.88 and with a consensus analyst target price of 90.59.