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 Tuesday, as follows:

Blue Apron Holdings Inc. (NYSE:APRN) has seen its post-IPO quiet period end. The stock closed at 6.55 Friday, Vs an 11 IPO price, and finished at 7.41 Monday. Blue Apron was started as Outperform with an 11 target at Oppenheimer, and SunTrust Robinson Humphrey started it as Buy with a 12 price target. Goldman Sachs started Blue Apron as Buy with an 11 price target, and Stifel started it with a Buy rating and gave a 10 target. Needham assigned a Buy rating and 10 target. Barclays and Morgan Stanley were cautious with new Equal Weight ratings. Barclays has a 7 target and Morgan Stanley has a 7.50 target for Blue Apron.

Caterpillar Inc. (NYSE:CAT) was raised to Outperform from Market Perform with a 125 price target at BMO Capital Markets. It has a 52-wk trading range of 78.34 – 110.00 and a consensus price target of 106.61.

Goldman Sachs Group Inc. (NYSE:GS) was downgraded to Neutral from Buy with a 230 price target at UBS. The stock has a 52-wk trading range of 155.37 – 255.15 and a consensus price target of 238.08. Shares finished at 218.18 Monday.

Honeywell International Inc. (NYSE:HON) was reiterated as Outperform and its price target was raised to 155 from 148 (Vs a 137.71 at the close Monday), at Oppenheimer. Honeywell’s consensus target price is 140.67 and its 52-wk trading range is 140.67.

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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