$AAPL, $C, $XOM, $SNAP, $TWTR
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Apple Inc. (NASDAQ:AAPL) maintained as Hold with a 132 price target at Deutsche Bank. Deutsche Bank’s target includes the expectation of 230-M iPhone units shipped for FY 2018, Vs the consensus estimate of about 244-M units.
Citigroup Inc. (NYSE:C) started with a Hold rating and assigned a 71 price target at HSBC. It has a 52-wk trading range of 42.50 – 68.91 and a consensus target price at 66.19.
Exxon Mobil Corp. (NYSE:XOM) analysts raised to Overweight from Equal Weight and was given a 94 price target at Barclays. Its 52-wk trading range is 79.26 – 95.55 and the consensus target price last seen at 85.98.
Snap Inc. (NYSE:SNAP) was downgraded to Equal Weight from Overweight and the price target was slashed to 16 from 28 at Morgan Stanley, with the firm citing underperforming advertising, competition and weak user data. Snap shares finished at 15.47 Tuesday, after closing down 1.1% at 16.99 Monday. Monday’s pre-move post-IPO range had been 17.00 – 29.44, but the stock hit a post-IPO low of 16.95 Monday.
Twitter Inc. (NYSE:TWTR) was maintained as Hold but the price target was raised to 17 – 15 at Pivotal Research. Twitter has a 52-wk trading range of 14.12 – 25.25 and a consensus target price of 15.02.