$BIIB, $DKS, $EIX, $HD, $MYL
Below is a list of Wall Streets Top analysts upgrades, downgrades and initiations for Thursday, as follows:
Biogen Inc. (NASDAQ:BIIB) rated as Buy at Goldman Sachs and added Biogen to the prized Conviction Buy List with a 338 price target.
Dick’s Sporting Goods Inc. (NYSE:DKS) was downgraded to Hold from Outperform with a 29 price target at Wedbush Securities. The firm feels that Dick’s will need to keep a higher level of promotional activity to drive the business and the continued weakness in the hunt, fish and apparel sectors. Deutsche Bank also cut its rating to Hold from Buy.
Edison International (NYSE:EIX) was maintained a Buy with a 90 target price at Jefferies. The firm noted the Edison and intervenors filed recommendations in the SONGS proceeding after failing to reach a revised settlement agreement, and after a long road the ultimate outcome likely will not be materially different from the original settlement.
Home Depot Inc. (NYSE:HD) turned in stronger numbers than expected. Raymond James raised its rating to Outperform from Market Perform. Wedbush maintained its Neutral rating but with a 165 price target, noting that while some investors may have picked at less than ideal incremental sales flow-through to profits and guidance benefiting from higher share repurchases, it was all in all a strong report. Shares trade in a 52-wk range of 119.20 – 160.86.
Mylan N.V. (NASDAQ: MYL) analysts raised to Buy from Neutral with a 42 price target at Citigroup. The shares trade in a 52-wk range of 29.39 – 49.42 and with a consensus analyst target price of 41.22.