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 Monday, as follows:

Amazon.com (NASDAQ:AMZN) The stock was started as Buy with a 1,100 price target at Instinet. Jefferies reiterated its Buy rating and raised its target to 1,250 from 1,150, and Deutsche Bank raised its target to 1,175 from 1,135. Morgan Stanley cut its target to 1,150 from 1,200, while JPMorgan raised its target to 1,175 and Barclays raised its target to 1,150. Credit Suisse’s DCF-based price target remains, but it increased its end-of-2018 price target to 1,450 from 1,350.

ConocoPhillips (NYSE:COP) was raised to Buy from Neutral with a 58 price objective at Merrill Lynch. The firm noted that at 45 bbl Crude Oil, management has options to either accelerate share buybacks by 1% to 2% or redeploy capital to short cycle growth. ConocoPhillips finished at 45.26 Friday.

Intel Corp. (NASDAQ: INTC) Jefferies maintained its Underperform rating but raised its target to 30 from 29. Credit Suisse maintained its Neutral rating and 35 target price, noting fair guidance but also fair valuation. Intel has a 52-wk trading range of 33.23 – 38.45 and a consensus target price of about 39.50 going into earnings.

Mattel Inc. (NASDAQ:MAT) missed sales estimates. Jefferies maintained its hold rating but cut the target to 17 from 19. Mattel’s 52-wk trading range is 19.41 – 34.24.

Starbucks Corp. (NASDAQ:SBUX)  Starbucks was reiterated as Buy with a 65 price target at Jefferies, with the firm noting that its relative value is solid at a time that the many moving pieces will require patience. Wedbush maintained its Neutral rating but cut the target price to 57 from 60, noting that the remaining segments unlikely to be sources of upside. Stifel cut its rating to Hold from Buy, and Guggenheim cut its rating to Neutral from Buy. Morgan Stanley has an Overweight rating but it cut the price target to 68 from 71, and Credit Suisse maintained a Neutral rating and lowered its target to 56 from 57. Jim Cramer is calling SBUX at 50/share in here

Have a terrific week.

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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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