Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$AA, $ADM, $GPS, $KR, $NKE

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 Wednesday, as follows:

Alcoa Corp. (NYSE:AA) raised to Buy from Hold at Deutsche Bank. Shares closed up 2.3% at $43.60 on Monday and were indicated up 2.4% at $44.70 on Tuesday. Alcoa’s 52-week trading range is $20.53 to $45.22, and its consensus analyst target price is $44.33.

Archer Daniels Midland Co. (NYSE:ADM) started with an Outperform rating and assigned a 50 target price at Robert W. Baird. Its shares trade in a 52-wk trading range of 40.22 – 47.88 and with a consensus target price of 42.17.

Gap Inc. (NYSE:GPS) reiterated as Buy and the price target was raised to 39 from 35 at Jefferies. The call is focusing on allocating capital toward growth and away from specialty and the market under-appreciating some positive pieces of the company. Gap shares have 52-wk trading range of 21.02 – 30.74 and a consensus target price of 25.50.

Kroger Co. (NYSE:KR) raised to Buy from Hold with a 25 price target at Pivotal Research. Kroger has a consensus analyst target of 23.59, and it has a 52-wk trading range of 20.41 – 36.44.

Nike Inc. (NYSE:NKE) started as Outperform with a 69 price target at Sanford Bernstein. NKE has a 52-wk trading range of 49.01 – 60.53 and a consensus target price of 61.32.

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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