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 Friday, as follows:

Boeing Co. (NYSE:BA) Goldman Sachs raised its rating to Neutral from Sell with a 205 price target. Merrill Lynch raised Boeing to Buy from Neutral with a 275 price objective. Credit Suisse raised it to Outperform from Neutral with a 300 target price. Jefferies reiterated its Buy rating and raised its target to 275 from 230. RBC raised its rating to Sector Perform from Underperform with a 235 price target.

Facebook Inc. (NASDAQ:FB) posted another strong earnings report. Credit Suisse reiterated its Outperform rating and raised its target price to 190 from 180, noting that the strong ad revenue growth will fund Facebook’s video investments. Merrill Lynch reiterated its Buy rating on Facebook and raised its price objective to 190 from 180, with the firm noting that pricing tailwinds are accelerating and more than offsetting impression deceleration at the same time that Instagram and WhatsApp continue to thrive. RBC Capital Markets reiterated its Outperform rating and raised Facebook’s target price to 195 from 185. Morgan Stanley reiterated its Overweight rating and raised its price target to 190 from 175.

Newmont Mining Corp. (NYSE:NEM) was raised to Buy from Hold and the price target was set at 43 after strong earnings drove the stock higher this week. The 52-wk trading range is 30.19 -46.07. The consensus analyst target price is 40.19.

PayPal Holdings Inc. (NASDAQ: PYPL) PayPal was reiterated as Buy with a 68 target at Jefferies. Wedbush maintained its Outperform rating and 66 target. Credit Suisse reiterated its Outperform rating and raised its target to 63 from 56. PayPal’s prior 52-wk trading range was 36.28 – 59.38.

Have a terrific weekend.

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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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