Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$ALLY, $C, $DVN, $FCFS, $JPM

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:

Ally Financial Inc. (NYSE:ALLY) was downgraded to Underweight from Equal Weight with a 20 price target at Stephens. Ally Financial has a 52-wk trading range of 16.68 – 23.62 and has a consensus analyst target price at 24.82.

Citigroup, Inc. (NYSE:C) analysts reiterated as Outperform and the price target was raised to 72 from 64 at Credit Suisse. The firm liked its better than expected earnings and better than expected capital return approval.

Devon Energy Corporation (NYSE:DVN)started with a Neutral rating and was assigned a 48 price target at Piper Jaffray. Devon -0.30 at 31.35 Monday. Devon has a 52-wk trading range of 28.79 – 50.69 and has a consensus analyst target price of at 46.08.

First Cash Financial Services, Inc. (NYSE:FCFS) analysts downgraded to Neutral from Buy at Janney, noting that its fair value estimate of 58 has been reached. At 58.05, its 52-wk trading range is 39.80- 59.35.

JPMorgan Chase & Co. (NYSE:JPM) was reiterated as Outperform and the price target was raised to 103 from 102 at Credit Suisse. The firm noted that strong execution was seen across the banking franchise with earnings.

Stay tuned…

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