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 Thursday, as follows:

Freeport-McMoRan Inc. (NYSE:FCX) maintained as Buy but the target price was cut to 19 from 23 at Jefferies. The firm is concerned that negotiations between FCX and Indonesia regarding the sale of a majority stake in PT-FI to locals have become more contentious.

Gilead Sciences Inc. (NASDAQ:GILD) analysts reinstated with a Hold rating and was given a 93 target price at Jefferies. Still, the firm has a fundamental positive and underlying view that KITE Axi-cel sales will get off to a good start and build some momentum while investors wait to see how HCV volumes and prices settle out in 2-H of this year.

Oracle Corp. (NYSE:ORCL) started with an Overweight rating and assigned a 55 price target at Piper Jaffray. Oracle has a 52-wk trading range of 37.62 – 53.14 and a consensus price target of 56.52.

Tesla Inc. (NASDAQ:TSLA) analysts started with a Buy rating and assigned a 500 price target at Nomura, which is way above the prior street-high analyst target price of 464 and compares to a prior closing price of 348.14. Tesla has a 52-wk range of 178.19 – 389.61, and it previously had a consensus price target of 318.63. HeffX-LTN rates TSLA as a sell with a 250/share target price.

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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