Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$ADSK, $HD, $MRVL, $QCOM, $UNH
Below is a list of Wall Street’s Top analysts outlook for Key issues for Thursday, as follows:
Autodesk Inc. (NASDAQ:ADSK) Wedbush Securities downgraded Autodesk to Neutral from Outperform and cut its target price to 126 from 138. Its 52-wk trading range is 68.06 – 131.10, and that 52-wk high was just on the day ahead of earnings. Its pre-earnings consensus analyst target price was at 133.50.
Home Depot Inc. (NYSE:HD) reiterated as Outperform at Credit Suisse, and the firm raised its target price to 183 from 175. The firm sees its growth weighted in Y 2018 and the stock could have an Northside story of 200. Home Depot has a 52-wk trading range of 128.68 – 176.77, and that high was hit on Tuesday. The consensus target price was 179.34 ahead of the call.
Marvell Technology Group Ltd. (NASDAQ: MRVL) Jefferies reiterated its Buy rating and raised its target price to 28 from 27. Stifel maintained its Hold rating on Marvell, but it raised its target price to 19 from 16. Marvell’s 52-wk trading range is 13.59 – 24.22, and the prior consensus target was at 24.50.
Qualcomm Inc. (NASDAQ:QCOM) Stifel cut its rating to Hold from Buy, now that shares are much higher off lows on the Broadcom buyout efforts.
UnitedHealth Group Inc. (NYSE:UNH) Credit Suisse has reiterated its Outperform rating and raised its target to 240 from 233. Leerink raised UNH to 260 from 240, Wells Fargo to 245 from 230 and Raymond James to 250 from 235