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 Street’s Top analysts upgrades, downgrades and initiations for Tuesday, as follows:

Advanced Micro Devices Inc. (NASDAQ:AMD), the stock was downgraded to Underweight from Equal Weight with an 8 price target at Morgan Stanley. The shares have a 52-wk trading range of 6.22 – 15.65, and the prior consensus analyst target price was 14.28.

Chevron Corp. (NYSE:CVX)was reiterated as Buy with a 137 target price at Jefferies. The firm said that Friday’s 4% drop following its earnings release represents a buying opportunity in an Crude Oil giant poised for both significant production growth and a major inflection in its cash cycle. Chevron has a 52-wk trading range of 102.55 – 120.89 and a consensus price target of 122.57.

General Motors Co. (NYSE:GM) Goldman Sachs downgraded GM shares to Sell from Neutral with a 32 price target. The 52-wk trading range is 30.21 – 46.76, and the consensus price target is 46.35.

Intel Corp. (NASDAQ:INTC) was raised to Outperform from Market Perform with a 58 price target at BMO Capital Markets. This is after Intel saw numerous target hikes after beating and earnings and as shares broke out to new 17-year highs. Intel now has a 52-wk trading range of 33.23 – 45.00 and a consensus price target of 44.74.

Under Armour Inc. (NYSE:UAA) analysts downgraded to Underperform from Neutral and the price objective was slashed to 12 from 21 at Merrill Lynch. Shares in a 52-wk trading range of 15.75 – 33.45 and with a consensus price target of 18.40.

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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