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 review Wall Street analyst 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 analyst upgrades, downgrades and initiations for Wednesday, as follows:

Bats Global Markets’ (BATS) post-IPO quiet period ended. The stock was started as Neutral with a 28 price objective at Merrill Lynch. Jefferies started it as Hold with a 28 price target. Morgan Stanley started it as Equal Weight.

Eli Lilly & Co. (NYSE:LLY) was added to the prized US 1 List at Merrill Lynch. The firm called it a compelling entry point and event path into year-end with solid risk/reward into its breast cancer (abema breast cancer data at ASCO) and Alzheimer’s updates. It has a consensus analyst price target of 95.95 and a 52-week trading range of 67.88 – 92.85.

Gap Inc. (NYSE:GPS) posted disappointing April results with poor margins. The stock was maintained as Underperform at Credit Suisse, but the target was cut to 21 from 27. Jefferies maintained its Buy rating but cut its target to 28 from 34. Topeka Capital Markets downgraded Gap to Hold from Buy. The shares finished Tuesday at 19.30, -11.51%, or 2.51$

Hasbro Inc. (NASDAQ:HAS) analysts downgraded to Neutral from Overweight at Piper Jaffray. It has an $86.33 consensus target price and has a 52-wk trading range of 60.38 – 88.53.

JD.com Inc. (NASDAQ:JD) downgraded to Neutral from Outperform at Credit Suisse. The firm cut earnings estimates more than 40% based on lower gross merchandise values and margins, dropping its target to 21 from 38. The consensus price target is 35.29, and the 52-wk trading  range is 21.55 – 38.00 Vs at finish Tuesday at 23.77.

Nike Inc. (NYSE:NKE) is a Market Perform rating and the valuation range was set at 58 to 62 at Wells Fargo, the brand’s valuation and competition were cited in the call. The consensus price target is 71.32. The 52-wk trading  range is 47.25 – 68.19.

SolarCity Corp. (NASDAQ: SCTY) Credit Suisse cut the price target all the way down to 38 from 62. Merrill Lynch downgraded SolarCity to Neutral from Buy with a 24 price objective. Oppenheimer cut its target to 27 from 54. Shares finished at 17.82 Tuesday after Monday’s earnings and guidance on huge volume, Vs a 52-wk trading range of 16.31 to 63.79.

Stay tuned…

Paul Ebeling

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