Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

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 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.


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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