$AMAT, $BHGE, $DE, $LULU, $PAA
Below is a list of Wall Streets Top analysts upgrades, downgrades and initiations for Tuesday, as follows:
Applied Materials Inc. (NASDAQ:AMAT) was reiterated as Buy and the price target was raised to 52 at Argus on the heels of last week’s strong earnings report. Applied Materials has a 52-wk trading range of 27.56 – 47.86 and has a consensus analyst target price at 55.02.
Baker Hughes, a GE Company (NYSE:BHGE) started with a Buy rating and was given a 43 price target at Argus. Baker Hughes has a 52-wk trading range of 32.43 – 57.73 and has a consensus analyst target at 50.91.
Deere & Co. (NYSE:DE) is maintained as Outperform at Credit Suisse, but the firm lowered its price target to 148 from 151. BofA Merrill Lynch maintained a Neutral rating, but the price objective was cut to 130 from 145. Deere shares trade in a 52-wk range of 80.35 – 132.50.
Lululemon Athletica Inc. (NASDAQ:LULU) was raised to Buy from Neutral with a 70 price target at BofA Merrill Lynch. The firm sees sustained comparable rebound starting and it sees an earnings multiple expansion. Lululemon has a 52-wk trading range of 47.26 – 81.81, and its consensus analyst target price is 61.24.
Plains All American Pipeline, L.P. (NYSE:PAA) was raised to Buy from Hold with a 23 price target at Jefferies. Plains All American took down the whole MLP sector after its poor earnings report and its unexpected distribution cut. Plains All American has a 52-wk trading range of 18.82 – 33.95 and the prior consensus analyst target price of 25.26.
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