$BA, $NVDA, $PYPL, $SNAP
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 Tuesday, as follows:
Boeing Co. (NYSE:BA) reiterated as Buy and the price target was raised to 230 from $200 at Jefferies. Boeing was seen as having its earnings growth last through Y 2020. Its 52-wk trading range is 126.31 – 204.39, and it has a consensus analyst price target of 192.70.
NVIDIA Corp. (NASDAQ:NVDA) analysts reiterated as Buy and the price target was raised to 180 from 140 at Jefferies. The upgrade was after an industry tectonic shift and due to its Pole position as the ecosystem enabler for deep learning applications. NVIDIA has a 52-wk trading range of 51.52 – 168.50 and a consensus price target of 133.89.
PayPal Holdings Inc. (NASDAQ:PYPL) was raised to Outperform from Market Perform with a 61 price target at Bernstein. It has a 52-wk trading range of 36.28 – 55.14 and a consensus price target of 53.95.
Snap Inc. (NYSE:SNAP) was maintained as Outperform at Credit Suisse, but the firm lowered its target price to 25 from 30, based on continued near-term monetization headwinds while medium term friction against advertising budgets abates. Its post-IPO range is 17.00 to 29.44, and it had a consensus target price of 20.83 ahead of this call. SNAP finished at 16.99 Monday in New York.
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