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 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.

Stay tuned…

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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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