Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations


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 Wednesday, as follows:

Carvana Co. (NYSE:CVNA) was started with a Neutral rating and was assigned a $25 target price at Wedbush Securities. They like its business model but say shares are near fair value and would wait for a better entry point.

Magellan Midstream Partners, L.P. (NYSE:MMP) was raised to Buy from Neutral with a 82 price target (versus $70.90 close) at UBS. Magellan Midstream has a distribution of almost 5% for a yield-equivalent at this time, and it has a 52-wk trading range of 64.25 – 81.77 and a consensus analyst target price at 80.74.

Netflix Inc. (NASDAQ:NFLX) was last seen trading at 183.0 Vs a 161.70 close Monday after earnings, a new high Vs a prior 52-week Top of 163.54. Wedbush maintained its Underperform rating and 82 target, and while this call has been dead wrong they are sticking with its story of hemorrhaging cash and hoping for content coagulation. Jefferies maintained its Hold rating on valuation, but it did raise its target to 165 from 141. Credit Suisse maintained its Neutral rating it raised its target to 190 from 154.

SeaWorld Entertainment, Inc. (NYSE:SEAS) was raised to Neutral from Sell with a 16 price target at Goldman Sachs. SeaWorld has a 52-wk trading range of 11.77 – 20.13, and has a consensus analyst target price at 19.75.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) was raised to Outperform from Perform with a 25 price target at Oppenheimer. SolarEdge has a 52-wk trading range of 11.35 – 22.15, and has a consensus analyst target price at 19.40.

Stay tuned…

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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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