Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$GM, $GG, $SHOP, $UAA

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 Thursday, as follows:

General Motors Co. (NYSE:GM) downgraded to Neutral from Buy at Instinet with a 43 price target. GM has seen several other recent Key downgrades after a Bull run North The 52-wk trading range is 30.21 – 46.76. GM has a consensus price target of 46.52.

Goldcorp Inc. (NYSE:GG) analusts raised to Outperform from Sector Perform at RBC Capital Markets. . Goldcorp has a 52-wk trading range of 11.91 – 17.87 and a consensus price target at 16.93.

Shopify Inc. (NYSE:SHOP) Wedbush maintained its Outperform rating and 120 price target, as the firm remains Bullish after another Quarter of a solid top-line beat with subsequent guidance raise. Shopify has a 52-wk trading range of 37.74 – 123.94 and a consensus analyst target at 118.02.

Under Armour Inc. (NYSE:UAA) lost 23% of its value to close at $12.52 on Tuesday after yet another poor earnings report. Multiple analyst calls trimmed their targets and some downgrades were seen after the report. Wedbush has maintained a Neutral rating, but the firm cut its target price to 11 from 17. Canaccord Genuity cut it to Sell from Hold, and SunTrust Robinson Humphrey threw in the towel on its Buy rating with a downgrade to Hold. HeffX-LTN says avoid this stock.

Stay tuned…

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