$AAPL, $LULU, $MDLZ, $TNTR, $UAA
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Apple Inc. (NASDAQ:AAPL) analysts maintained AAPL with an Outperform rating and its 170 price target also was maintained at Credit Suisse. The firm does note that Apple’s supply chain is tight and the firm did formally lower some of its near-term iPhone sales expectations. Still, it also sees pent-up demand and many iPhone buyers going up to the higher priced models. Apple has a 52-wk trading trading range of 96.42 – 156.65 and a consensus analyst price target of 160.18.
Lululemon Athletica Inc. (NASDAQ:LULU) was downgraded to Hold from Buy with a 66 target price at Stifel. It has a 52-wk trading range of 47.26 – 81.81 and a consensus price target at 61.20. Lululemon shares finished at 61.90 Tuesday.
Mondelez International Inc. (NASDAQ:MDLZ) was raised to Overweight from Neutral with a 49 price target at Piper Jaffray. The 52-wk trading range is 40.50 – 47.23 and the consensus price target is 50.08. Its shares finished at 44.24 after this call.
Tintri Inc. (NASDAQ:TNTR) has seen its quiet period come to an end and shares finished at 7.12 on Tuesday Vs a post-IPO range of 6.53 – 12.15. It was started as Buy at Merrill Lynch with a $16 price objective. Morgan Stanley gave it an Overweight rating and 10 target. Tintri was started as Overweight with a 9 price target at KeyBanc Capital Markets. It was started as Outperform with a 9 price target at Raymond James. Tintri was started as Neutral with an 8.50 target price at Piper Jaffray.
Under Armour Inc. (NYSE:UAA) analysts downgraded to Sell from Hold with a 17 target price at Deutsche Bank. The shares were last seen at 20.11 after Deutsche Bank cut its rating. Under Armour’s 52-wk trading range is 18.35 – 44.68 and the consensus analyst target was down at 21.57.