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 Wednesday, as follows:

Apple Inc. (NASDAQ:AAPL); Morgan Stanley reiterated its Overweight rating and raised its target price to 194 from 182. The firm feels the weaker USD will allow it to raise prices overseas without any penalty or impact, and that will drive up earnings. Apple has a 52-wk trading range of 104.08 – 164.94, and it had a consensus analyst target price at 172.35.

DowDuPont Inc. (NYSE:DWDP) started with a Buy rating and assigned an 81 price target at Argus. This is after the Dow and DuPont merger. The consensus target price for the newly combined company is listed as 77.89.

Equifax Inc. (NYSE:EFX) has already seen its share of analyst downgrades and price targets being slashed in the aftermath of how it handled its massive data breach. RBC Capital Markets is maintaining an Outperform rating, but the firm lowered its target price to 113 from 154. The 52-wk trading range is 89.59 – 147.02, and the consensus target price is 128.00.

Nike Inc. (NYSE:NKE) is maintained as Hold at Jefferies, but the price target was cut to 49 from 60. The firm noted that sales data indicates Nike is losing to Adidas at in North America and in Europe and in online sales. Its cautious stance came with expectations of downward consensus revisions and the dreaded “multiple compression.” Nike was downgraded to Neutral from Positive with a 54 price target at Susquehanna.

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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