Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AXP, $BHGE, $NKE, $S
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 Street’s Top analysts upgrades, downgrades and initiations for Friday, as follows:
American Express Co. (NYSE:AXP) reported earnings and reported that Ken Chennault will retire as CEO. It was reiterated as Hold but the target was raised to 93 from 85 at Jefferies. Amex trades in a 52-wk range of $64.75 to $93.35.
Baker Hughes, a GE Company (NYSE:BHGE) analysts started as Neutral with a 36 price target at UBS. The stock trades in a 52-wk range of 32.43 – 68.59. It has a consensus analyst target price at 45.29.
Nike Inc. (NYSE:NKE) was downgraded to Neutral from Buy with a 54 price target at Goldman Sachs, with the firm noting that Nike is likely to be range-bound while it works through excess inventory and on expectations that it will lower expectations at its investor day later this month. Nike has a 52-wk trading range of 49.01 – 60.53 and a consensus price target at 58.58.
Sprint Corp. (NYSE:S) was downgraded to Neutral from Outperform at Macquarie, just a day after BTIG maintained its Sell rating. The 52-wk trading range is 5.83 – 9.65, and the consensus price target is 7.28.
Have a terrific weekend.
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