Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$BHP, $CG, $CMC, $FCX, $HRL, $JUNO

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:

BHP Billiton Ltd. (NYSE:BHP) analysts downgraded to Hold from Buy at Jefferies, which noted that the risks and reward dynamics have shifted. UBS took the other side of the call, raising its rating to Buy from Neutral.

Carlyle Group L.P. (NASDAQ:CG) was raised to Buy from Neutral at Merrill Lynch.

Commercial Metals Co. (NYSE:CMC) was downgraded to Neutral from Buy at Merrill Lynch.

Freeport-McMoRan Inc. (NYSE:FCX) was maintained as Buy but the price target was cut to 14.50 from 16.00 at Jefferies.

Hormel Foods Corp. (NYSE:HRL) was started as Neutral with a 35 price target at Mizuho.

Juno Therapeutics Inc. (NASDAQ:JUNO) was downgraded to Sell from Neutral at BTIG Research. Juno shares closed down almost 2% at 23.73 on Wednesday and finished at 22.36 Thursday.

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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