Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$T,  $HPQ, $IP, $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 Friday, as follows:

AT&T Inc. (NYSE:T) analysts downgraded to Neutral from Buy with a 39 price objective at Merrill Lynch. AT&T shares finished at 36.31, or – 1-68%. They have a 52-wk trading range of 36.10 – 43.50 and a consensus price target of 40.73.

HP Inc. (NYSE:HPQ) analysts started with a Neutral rating and given a 20 price target at Susquehanna Financial. HP has a 52-wk trading range of 13.55 – 19.58 and a consensus price target of 20.74.

International Paper Co. (NYSE:IP) was raised to Buy from Neutral with a 64 price target at Goldman Sachs. The 52-wk trading range is 43.55 – 58.86, and the consensus price target is 58.50.

Snap Inc. (NYSE:SNAP) has seen its share of downgrades and it has broken under its IPO price. Stifel now sees value and raised Snap shares to Buy from Hold, and the price target was set at 22 per share. Snap closed down 1.5% at 15.24 Wednesday but finished up 2.95% at 15.69 Thursday. Its IPO was at 17 and it has a post-IPO range of 15.21 – 29.44. The consensus analyst estimate is roughly $20 now.

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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