$AAPL, $CAT, $PFE, $SHOP
Below is a list of Wall Streets Top analysts upgrades, downgrades and initiations for Thursday, as follows:
Apple Inc. (NASDAQ:AAPL) Merrill Lynch reiterated its Buy rating with a 180 price objective. Credit Suisse reiterated Apple’s Outperform rating and raised its target to 175 from 170. BMO reiterated its Outperform rating and raised its target to 180 from 170. Bernstein raised its target to 175 from 170 with an Outperform rating. Apple’s 52-wk trading range of 102.53 – 156.65.
Caterpillar Inc. (NYSE CAT) Argus is reiterating its Buy rating and 130 price target. Caterpillar’s 52-wk trading range is 79.93 – 114.90.
Pfizer Inc. (NYSE: PFE) was raised to Outperform from Market Perform and the price target was raised to 37 from 33 at BMO Capital Markets. Pfizer has a 52-wk trading range of 29.83 to 35.95, and it had a consensus analyst target price of 37.40. Pfizer’s dividend yield is now almost 4%.
Shopify Inc. (NYSE: SHOP) Shopify was reiterated as Outperform with a 115 target at Wedbush. The firm noted that Shopify continued to exceed lofty expectations on another beat and raise Quarter and that the company is firing on all cylinders across every aspect of its business. Other Key target hikes were seen from CIBC to 120 from 105, Barclays to 90 from 70, RBC to 99 from 78, Morgan Stanley to 109 from 87, and Raymond James to 110 from 93.