Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$APRN, $AVGO, $CVS, $EBAY, $RAD

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 Tuesday, as follows:

Blue Apron Holdings Inc. (NYSE:APRN) Barclays raised its rating to Equal Weight from Underweight and raised its price target to 4 from 3. Blue Apron is in a post-IPO trading range of 2.94 – 11.00 and with a prior consensus analyst price target of 5.69.

Broadcom Ltd. (NASDAQ:AVGO) analysts reiterated as Outperform and the price target was raised to 300 from 275 at Oppenheimer. This call is ahead of this week’s earnings and accounts partly for its well reported Qualcomm acquisition efforts.

CVS Health Corp. (NYSE:CVS) confirmed that it will acquire Aetna in a $69-B deal, Vs its own $76-B market cap. CVS was started as Buy with a 90 price target at Deutsche Bank. Jefferies maintained its Hold rating and 76 target price on CVS and said that the Aetna deal is transformative but comes with execution risk.

eBay Inc. (NASDAQ:EBAY) raised to Outperform from Market Perform and the price target was raised to 45 from 40 at BMO Capital Markets. eBay has a 52-wk trading range of 28.03 – 39.28 and a consensus target price of 39.03.

Rite Aid Corp. (NYSE:RAD) analysts started as Hold with a 2.25 price target at Deutsche Bank. The stock has a consensus target price of 2.18 and a 52-wk trading range of 1.38 – 8.77.

Stay tuned …

 

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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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