Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$EFX, $QCOM, $CRM, $SNAP

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:

Equifax Inc. (NYSE:EFX) was started as Neutral and assigned a 116 price target at Goldman Sachs. After the troubles that Equifax has had with its breach, maybe this is viewed as a win that it was not a “Sell” rating. The stock has a 52-wk trading range of 89.59 – 147.02 and a consensus analyst price target at 123.23.

 Qualcomm Inc. (NASDAQ:QCOM) Raymond James raised Qualcomm to Outperform from Market Perform. It has a 52-wk trading range of 48.92 – 70.24 and a consensus price target of 59.25.

Salesforce.com Inc. (NYSE:CRM) was reiterated as Buy and the price target was raised to 120 from 110 at Stifel.  The 52-wk trading range is 66.43 – 105.00, and the consensus target price is 108.51.

Snap Inc. (NYSE:SNAP) Multiple downgrades have been seen based on poor business metrics. Canaccord Genuity maintained a Neutral rating and has a 9 target. Stifel cut its rating to Hold, RBC cut its rating to Sector Perform, and UBS cut its rating to Sell from Neutral. Snap has a 52-wk trading range of 11.28 – 29.44.

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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