Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$BA, $CMG, $FSLR, $GS, $IBM, $LMT, $LULU

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 Thursday, as follows:

The Boeing Company (NYSE:BA) was raised to Neutral from Underperform and the price objective was raised to 225 from 150 at BofA Merrill Lynch. The firm noted that Boeing’s near-term cash generation outweighs cyclicality, and also that Boeing is offsetting a peaking market environment with better cash management and shareholder friendly capital deployment. Boeing shares finished at 210.88  Wednesday. Boeing has a 52-wk trading range of 126.31 – 210.99 and had a consensus analyst target of 198.43 last.

Chipotle Mexican Grill, Inc. (NYSE:CMG) was downgraded to Market Perform from Outperform at BMO Capital Markets. Wells Fargo downgraded Chipotle to Market Perform with a 370 target. Chipotle shares finished at 372.83 Wednesday, Vs a 52-week range of 352.96 – 499.00.

First Solar, Inc. (NASDAQ:FSLR) was raised to Buy from Hold at a firm named Axiom Capital. First Solar shares finished at 45.67 Wednesday. First Solar’s 52-wk trading range is 25.56 – 49.50 and it had a consensus analyst target price at 39.09.

Goldman Sachs Group Inc. (NYSE:GS) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods. Credit Suisse maintained its Outperform rating and 240 target price. Goldman Sachs finished at 222.87 Wednesday, Vs a 52-wk trading range of 155.37 – 255.15 and Vs a consensus analyst target price at 239.13.

International Business Machines (NYSE:IBM) was down again after its 21st Quarterly revenue decline. Jefferies reiterated its Underperform rating and 125 target. Credit Suisse reiterated its Underperform rating with a 110 price target. Wednesday the stock finished at 147.53. IBM has a 52-wk trading range of 146.71 – 182.79 and it had a consensus analyst target price of 162.93 prior.

Lockheed Martin Corp. (NYSE:LMT) was reiterated as Buy and the target price was raised up to 320 at Argus. Credit Suisse has a Neutral rating but raised its target on Lockheed Martin to 300 from 280. RBC Capital Markets reiterated its Sector Perform rating but raised its price target to 289 from 263. Lockheed closed at 290.67 Wednesday, and it has a 52-wk trading range of 228.50 – 292.97.

Lululemon Athletica Inc. (NASDAQ:LULU) was started with a Buy rating and was assigned a 67 price target at Needham & Co. Lululemon Athletica has a 52-wk trading range of 47.26 – 81.81 and a consensus target price of $60.67.

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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