Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$ABX, $GRPN, $JPM, $SPG, $WFM

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:

Barrick Gold Corp. (NYSE:ABX) raised to Hold from Sell with a 16.40 price target at Berenberg. The 52-wk trading range is 13.81 – 23.47.

Groupon Inc. (NASDAQ:GRPN) raised to Buy from Neutral with a 5.50 price target at B. Riley. Its shares trade in a 52-wk range of 2.90 – 5.95. Groupon had a consensus target price of 4.16.

JPMorgan Chase & Co. (NYSE:JPM) analysts reiterated as Outperform and the price target was raised to 102 from 99 at Credit Suisse. The firm sees better earnings ahead and higher share buybacks now that JPMorgan has passed its stress test.

Simon Property Group Inc. (NYSE:SPG) maintained as Buy but the price target was cut to 210 from 225 at Argus. The firm’s revised target reflects lower funds from operations expectations and investors’ increasingly negative view of mall-based retailers.

Whole Foods Market Inc. (NASDAQ:WFM) analysts downgraded to Perform from Outperform and the 45 price target was removed at Oppenheimer. The firm believes that Amazon’s bid undervalues Whole Foods, but it now sees it being less likely that a new bid will come from a strategic player and that private money likely will not attempt to outbid Amazon.

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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