Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$EFX, $GE, $NVDA, $RIO
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 Tuesday, as follows:
Equifax Inc. (NYSE:EFX) downgraded to Sector Perform from Outperform at RBC Capital Markets. Equifax has a 52-wk trading range of 89.59 – 147.02 and a consensus target price of 124.62.
General Electric Co. (NYSE:GE) downgraded to Underweight from Equal Weight at Morgan Stanley. UBS also downgraded GE to Neutral from Buy after Friday’s earnings. GE shareholders will have to deal with from Y 2018 through Y 2020. Shares of GE hit a 52-wk low of 22.10 Friday
NVIDIA Corp. (NASDAQ:NVDA)reiterated as Buy and the price target was raised to 230 from 180 at Jefferies. The firm believes that NVIDIA’s Volta GPU with its tensor cores keeps it well ahead of competition in neural network training and will translate to upside surprises over the next 18 to 24 months.
Rio Tinto PLC (NYSE: RIO) downgraded to Sector Perform from Outperform at RBC Capital Markets. The American depository shares were up 0.5% at 48.37 on Friday.
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