Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CSCO, $XOM, $HPE, $URBN, $WDC
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Friday, as follows:
Cisco Systems Inc. (NASDAQ:CSCO) was reiterated as Buy at Jefferies ahead of earnings, and the firm raised its price target to 35.00 from 30.75 based on favorable risk-reward and based on expectations for strong guidance. Cisco’s consensus analyst price target is 31.55 and its 52-wk trading range is 22.46 – 31.25.
Exxon Mobil Corp. (NYSE:XOM) was reiterated as Buy with a $104 price target at Argus. What stands out here is that the consensus target price is 89.63 and the 52-wk high is 95.55, and that this is just 1.00 short of the highest price target on Wall Street.
Hewlett Packard Enterprise Co. (NYSE:HPE) was started with a Market Perform rating at Raymond James. Shares closed at 22.07. The consensus price target is 20.89.
Urban Outfitters Inc. (NASDAQ:URBN) analysts reiterated as Buy at Jefferies after earnings, and the price target was raised to 40 from 38. This is after the retailer handily exceeded expectations and based on long-term opportunity for store growth. Evercore ISI also raised its rating to Buy from Hold, and the price target was raised to 45 from 33 there. The stock has a 52-wk trading range is $19.26 to $34.77.
Western Digital Corp. (NASDAQ:WDC) maintained as Buy at Jefferies, but the price target was cut to 54 from 62 based on lower price expectations. The consensus target price is $60.40, and the 52-week range is $34.99 to $86.39.
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