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 outlook for Key issues for Friday, as follows:

Amazon.com Inc. (NASDAQ: AMZN) saw its price target raised to $1,350 from $1,275 at MKM Partners. Amazon is still MKM’s favorite long-term growth story in large cap and mega-cap stocks, noting that the e-commerce business can grow to mid-single-digit operating margins by 2022 and that AWS can keep growing in the double-digits. Its 52-wk trading range is 736.70 – 1,213.41, and the prior consensus analyst target price is 1,237.09.

Barrick Gold Corp. (NYSE:ABX) was downgraded to Sell from Buy with a 13 price target at Citigroup. It has a 52-wk range of 13.81 – 20.78 and a consensus target price of 18.52.

Boston Scientific Corp. (NYSE:BSX) Barclays lowered its target price to 32 from 33. Wedbush maintained its Neutral rating with a 28 price target, noting that management sounded less confident of finding a near-term solution.

Chipotle Mexican Grill Inc. (NYSE:CMG) Credit Suisse is maintaining its Neutral stance. The firm weighed in noting that the CEO departure is a good first step in the recovery process, but short term this change suggests fundamentals remain weak. Chipotle has a 52-wk trading range of 263.00 – 499.00 and a consensus target price of 316.89.

Gap Inc. (NYSE:GPS) was downgraded to Sell from Neutral with a $28 price target at Citigroup. Shares were up 4.9% at 32.50 Wednesday due it being a Holiday sales winner, but Gap was down 3.3% at 31.41 Thursday.

Have a terrific weekend.

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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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