$GOOGL, $BA, $SNAP, $ULTA, $WMT, $HOG
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:
Alphabet Inc. (NASDAQ:GOOGL) a Buy with a target price of 1,085 at Argus. Argus sees its mobile search advertising growing strongly but with lower margins. Also, its businesses of YouTube, Google Cloud and Google Play have all begun to generate significant revenue growth.
Boeing Co. (NYSE:BA) was raised to Overweight from Neutral with a 240 price target at JPMorgan. Boeing has a 52-wk trading range of 126.31 – 208.61, and it had a consensus analyst target price of 196.79.
Snap Inc. (NYSE:SNAP) analysts downgraded to Market Perform from Outperform with a price target of 17 at Cowen. Snap analysts have been all over the place, and its post-IPO range has been 15.21 – 29.44.
Ulta Beauty Inc. (NASDAQ: ULTA) was raised to the prized Conviction Buy list at Goldman Sachs from a prior Neutral rating. What looked unusual here was that the prior $321 target price went down to $310 in the call despite such a strong upgrade. Ulta closed at $257.54, its 52-week range is $225.13 to $314.86 and it has a consensus target price of $324.95.
Wal-Mart Stores Inc. (NYSE:WMT) was raised to the prized Conviction Buy list from Neutral at Goldman Sachs with an 84 price target. Wal-Mart has a 52-wk trading range of 65.28 – 80.47 and had a consensus analyst target of 80.38.
Harley-Davidson Inc. (NYSE:HOG) was maintained as Hold but the target price was cut to 55 from 61 at Stifel.
Have a terrific week.
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