$CVX, $EBAY, $GPS, $HAL, $YELP
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Tuesday, as follows:
Chevron Corp. (NYSE:CVX) raised to Buy from Hold at HSBC. The 52-week trading range is 97.53 – 119.00. The consensus target price is 123.96.
eBay Inc. (NASDAQ:EBAY) started with an Outperform rating at Credit Suisse, but the prior 34 target price was raised to 44 as the firm called eBay an internet value story with multiple paths to creating value. The firm noted that eBay’s Marketplace growth is stable and has the potential to accelerate in Y’s 2017 and 2018, with attractive StubHub growth and an underappreciated Classifieds business.
Gap Inc. (NYSE:GPS) was raised to Outperform from Perform and the price target was raised to 28 at Oppenheimer. Gap is seeing margin expansion from early days of applying Old Navy’s processes. Gap has a 52-wk trading range of 18.56 – 30.74 and a consensus price target of 25.38.
Halliburton Co. (NYSE:HAL) analysts reiterated as Outperform with a 60 target at Credit Suisse. The firm sees risk/reward favoring Halliburton from an absolute and relative basis. Its stock has a 52-wk trading range of 40.12 – 58.78 and a consensus target price at 62.08.
Yelp Inc. (NASDAQ:YELP) was raised to Buy from Neutral with a 37 price objective at Merrill Lynch. Yelp has a 52-wk trading range of 25.93 – 43.41 and a consensus target price of 31.47.
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