Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$A, $CVNA, $NBL, $SHOP

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 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.

Stay tuned…

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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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