Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$C, $EA, $LLY, $MCD, $TXN, $X

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:

Citigroup Inc. (NYSE:C) Credit Suisse reiterated its Outperform rating, and Jefferies maintained its Hold rating. Barclays reiterated its Overweight rating and raised its target price to 76 from 70. Citigroup closed at 67.98 Wednesday. The 52-wk trading range is 42.50 – 68.91, and the consensus price target is 70.65.

Electronic Arts Inc. (NASDAQ:EA) analysts raised to Buy from Neutral and the price objective was raised to 131 with an upside case above 150 at Merrill Lynch. Electronic Arts is said to have a Y 2019 outlook that is too strong to pass up and the firm sees estimates rising, and the upside case is the bullish scenario on a net-of-cash basis. Electronic Arts closed at 118.00, has a 52-wk trading range of 73.74 to 118.11 and has a consensus target price of 118.14.

Eli Lilly and Co. (NYSE:LLY) analysts downgraded LLY Market Perform from Outperform with a 90 price target at Leerink. Jefferies maintained its Buy rating but lowered its target to 94 from 96. Argus maintained its Hold rating. Eli Lilly has a 52-wk trading range of 64.18 – 86.72 and a consensus price target of 90.24.

McDonald’s Corp. (NYSE:MCD). RBC Capital Markets reiterated its Outperform rating and raised its price target to 175 from 170. Barclays raised its target price to 173 from 164, and Morgan Stanley raised its target to 162 from 150. McDonald’s has a 52-wk trading range of 110.33 – 159.98.

Texas Instruments Inc. (NASDAQ:TXN) Barclays raised its target price to 85 from 83, Jefferies raised its target to 96 from 94, Morgan Stanley raised its target to 83 from 78 and Mizuho raised its target price to 85 from 78.

United States Steel Corp. (NYSE:X) was reiterated as Outperform and the target price was raised to 34 from 29 at Credit Suisse, with the firm noting that it sees mid-cycle EBITDA power above expectations. The earnings beat saw shares finish at 26.20 Wednesday. The 52-wk range is 15.72 to 41.83, and the consensus price target was 27.23 prior to Wednesday’s close.

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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