Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GM, $HD, $NKE, $TMUS
Below is a list of Wall Street’s Top analysts outlook for Key issues for Wednesday, as follows:
General Motors Co. (NYSE:GM) was reiterated as Buy and the price objective was maintained as 57 at Merrill Lynch. Merrill Lynch sees the upcoming in investor event showcasing AV/EV/mobility leadership potentially serving as a catalyst for big Northside to its stock.
Home Depot Inc. (NYSE:HD) was raised to Overweight from Neutral at Atlantic Equities. The stock has a 52-wk trading range of 128.68 – 174.91 and a consensus target price of 178.37.
Nike Inc. (NYSE:NKE) was downgraded to Hold from Buy at HSBC, with the firm noting that competitive pressures are going to continue rather than improve. Nike closed at 59.58 Tuesday in NY. Nike’s consensus target price was 58.83, and its 52-wk trading range is 50.06 – 60.53.
T-Mobile US Inc. (NASDAQ:TMUS) was reiterated as Buy with a 72 price target at Jefferies, and the firm said that T-Mobile remains its top pick in the space due to attractive growth opportunities and upside to shareholder returns. The 52-wk trading range is 53.78 – 68.88, and the consensus analyst target is 71.37.