Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$KR, $NKE, $PFCG, $SWK, $WDC

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 Monday, as follows:

Kroger Inc. (NYSE:KR) downgraded to Neutral from Overweight at JPMorgan. The grocery giant was also removed from the Best Ideas List at Guggenheim. The 52-wk trading range for the stock is 24.37 – 37.97, and the consensus price objective is 32.50.

Nike Inc. (NYSE:NKE) was downgraded to Neutral from Overweight at JPMorgan. The 52-wk trading range for the clothing and footwear giant is 49.01 – 60.33, and the consensus price target is posted at 62.24.

Performance Food Group Co. (NYSE:PFGC) was added to the Best Ideas List at Guggenheim, replacing Kroger. The 52-wk trading range for the stock is 19.95 – 29.92, and the consensus price target is 30.10. The shares closed Friday at 28.25.

Stanley Black & Decker Inc. (NYSE:SWK) analysts started with a Buy rating at Seaport Global Securities with a 160 price target. The consensus target is 150.31. The 52-wk trading range for the stock is 103.86 – 142.06, and the shares closed trading Friday at 141.21.

Western Digital Corp. (NASDAQ:WDC) was started with an Outperform rating and a 130 price target at Evercore ISI. That compares with a consensus price target of 111.77. The 52-wk trading range is 41.64 – 92.50. The shares closed Friday at 87.12.

Have a terrific week.

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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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