Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GPS, $PYPL, $CRM, $SPLK
Below is a list of Wall Street’s Top analysts upgrades, downgrades and initiations for Monday, as follows:
Gap Inc. (NYSE:GPS) Gap was reiterated as Buy and the price target was raised to 41 from 39 at Jefferies. The firm sees top-line growth continuing after seeing margin expansion. Deutsche Bank maintained its Hold rating on Gap but raised its target to 27 from 24.
PayPal Holdings Inc. (NASDAQ:PYPL) Credit Suisse reiterated its Outperform rating and raised its target to 85 from 74, and Jefferies reiterated its Buy rating and raised its target to 86 from 80. Argus reiterated its Buy rating and raised its target to 87 from 80.
Salesforce.com Inc. (NYSE:CRM) was reiterated as Outperform and the price target was raised to 120 from 115 at Credit Suisse ahead of earnings. The firm is looking for strong deferred revenues and billings guidance.
Splunk Inc. (NASDAQ:SPLK) Friday, Wedbush Securities called a historically large earnings beat, but the firm still maintained a Neutral rating and 78 price target. Credit Suisse maintained its Outperform rating and raised its target to 88 from 80, and it said it is the top security pick and also a top overall pick. Deutsche Bank reiterated its Buy rating and raised its target to 85 from 75.
Have a terrific week,
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