Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$BX, $CEIN, $MRK, $TPX, $PANL

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 Thursday, as follows:

Blackstone Group L.P. (NYSE:BX) was maintained as Outperform but the price target was lowered to 45 from 46 at Credit Suisse. The firm noted that its outperform thesis is unchanged despite adjusting estimates and rolling out earnings views to Y 2020. Blackstone has a 52-wk trading range of 23.33 – 35.09 and a consensus analyst price target at 38.77.

Ciena Corp. (NASDAQ:CIEN) was raised to Buy from Neutral with a 29 price target at Citigroup. Ciena has a 52-wk trading range of 18.94 – 27.98 and a consensus price target of 30.82.

Merck & Co. Inc. (NYSE:MRK) was maintained as Outperform but the price target was lowered to 74 from 75 at Credit Suisse. The firm noted that ESC Data reveals limited opportunity for Anacetrapib. Merck has a 52-wk trading range of 58.29 – 66.80 and a consensus target price of 69.90.

Tempur Sealy International Inc. (NYSE:TPX) was reiterated as Buy and the price objective was raised to 85 from 75 at Merrill Lynch, with the firm seeing large upside to street consensus estimates. Tempur Sealy has a 52-wk trading range of 39.57 – 82.32.

Universal Display Corp. (NASDAQ:PANL) was started with a Buy rating and assigned a 135 price target at Deutsche Bank. It has a 52-wk trading range of 47.88 – 130.65, and the consensus target price is 133.67.

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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