Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AAPL, $DWDP, $JPM, $TMUS
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) reiterated as Outperform and the price target was raised to 180 from 170 at Raymond James. Apple has a 52-wk trading range of 104.08 – 164.94 and consensus price target of 172.69.
DowDuPont Inc. (NYSE:DWDP) started as Hold and assigned a 66 price target at HSBC Securities. The stock closed up 0.54% at 70.34 Monday and its adjusted range of the past year is shown to be 51.60 – 70.70. The consensus price target is 77.89.
JPMorgan Chase & Co. (NYSE:JPM) downgraded to Hold from Buy but the price target was raised to 96 from 90 at Deutsche Bank. Instinet raised its target price slightly to 87 from 86 in another bank sector call. JPMorgan has a 52-wk trading range of 65.11 – 95.37 and a consensus price target at 95.12.
T-Mobile US Inc. (NASDAQ:TMUS) was highlighted by Jefferies now after reports that it and Sprint (NYSE:S) have advanced with due diligence to create a much stronger #3 player with massive synergies. While regulatory remains uncertain, Jefferies feels that T-Mobile is valuable on a stand alone basis as is, but it sees the combined company worth about 90 in a deal scenario, or about 43% above the current price mark.
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