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 Wednesday, as follows:

Deutsche Bank A.G. (NYSE:DB) analysts raised to Buy from Hold at HSBC. The American depository shares (ADR) closed at 18.19. The 52-wk trading range is 15.09 – 20.94, and the consensus target price is down at 14.32.

General Electric Co. (NYSE:GE) was downgraded to Sector Perform from Outperform with a 20 target at RBC Capital Markets. Merrill Lynch maintained its Buy rating, but lowered its price objective to 23 from 27. GE now has a 52-wk trading range of 18.75 – 32.38, and its price target was 24.87.

Peabody Energy Corp. (NYSE:BTU) started as Buy with a 38 price target at Jefferies. The firm noted that Peabody is the world’s largest coal miner and has come out of bankruptcy with a greatly improved balance sheet and strong free cash flow generation and capital returns. Peabody’s 52-wk trading range is 22.58 – 32.50, and it has a consensus target price of 37.50.

Qualcomm Inc. (NASDAQ:QCOM) analysts reiterated as Outperform and the price target was raised to 77 from 70 at RBC Capital Markets. It closed at 66 Tuesday, a day after formally rejecting the 70 buyout offer from Broadcom.

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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