$AVGO, $VALE, $VMW, $WBA
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follows:
Broadcom Ltd. (NASDAQ: AVGO) reiterated as a Top Pick at RBC Capital Markets, the firm raised its price target to 260 from 250. . Broadcom’s 52-wk trading range is 142.27 – 241.60, and its consensus analyst target price is 252.26.
Vale S.A. (NYSE:VALE) was raised to Buy from Hold at HSBC. Vale has a 52-wk trading range of 3.85 to 11.70 and a consensus price target of 10.40. Moody’s Keyed in on Vale, noting that its ratings are unaffected despite Moody’s changing its outlook on Brazil to Negative from Stable.
VMware Inc. (NYSE:VMW) was raised to Outperform from Neutral with a 115 price target at Robert W. Baird. RBC Capital Markets has an Outperform rating but raised its target price to 110 from 97. The stock has a 52-wk trading range of 55.12 – 97.78 and with a prior consensus target price at 95.93.
Walgreens Boots Alliance Inc. (NYSE:WBA) analysts reiterated WBA a Buy with a 95 target price at Jefferies. The firm wanted to review a deal or no deal strategy for Rite Aid, and the firm sees Northside with or without Rite Aid ahead. If the deal is blocked by the regulators, they would expect Walgreens to put through a sizable stock repurchase program.
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