Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$DB, $GE, $BTU, $QCOM
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.
Latest posts by Paul Ebeling (see all)
- President Trump, “Progress” Made with Iran to Defuse Crisis - July 16, 2019
- Ferrari (NYSE:RACE) Announces Universo Ferrari - July 16, 2019
- Stocks Finished Flat on Mixed Economic Data - July 16, 2019