$BABA, $APPL, $P, $VOD
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Tuesday, as follows:
Alibaba Group Holding Ltd. (NYSE:BABA) reiterated as Buy at Jefferies, and the firm raised its target price to 160 from 122 on Monday. Alibaba has a 52-wk trading range of 73.30 – 148.29 and a consensus target price of 144.23.
Apple Inc. (NASDAQ:AAPL) downgraded to Neutral from Buy and the price target was cut to 150 from 160 at Mizuho. The stock finished at 145.22 Monday in New York. Mizuho noted that the enthusiasm about the upcoming iPhone 8 now appears to be fully reflected in the stock price after such strong gains in Y 2017, and that the iPhone 8 will not meaningfully expand its user base due to its pricing.
Pandora Media Inc. (NYSE:P) maintained as Outperform with a 15 target price at Wedbush Securities. The firm is encouraged by the renewed core focus and profitability, even if it dislikes convertible stock financing. Pandora was downgraded to Perform from Outperform at Oppenheimer but was raised to Outperform from Market Perform at FBR Capital Markets. Credit Suisse kept a Neutral rating on Pandora but cut its target to 11 from 12.
Vodafone Group PLC (NASDAQ:VOD) analysts raised to Buy from Hold at Argus with a 32 price target for its American depository shares. They have a consensus target price at 34.11. The Argus view on Vodafone is after it met earnings expectations, but gave stronger Y 2018 guidance, and it noted that the balance sheet is solid and that after a dividend hike it now yields 5.7%.
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