Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AMZN, $ABX, $BSX, $CMG, $GAP
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.