Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$FCX, $NOC, $SFIX, $VZ

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 Wednesday, as follows:

Freeport-McMoRan Inc. (NYSE:FCX) analysts raised to Equal Weight from Underweight and the price target was raised to 14 from 10 at Morgan Stanley. Freeport-McMoRan has a 52-wk trading range of 11.05 – 17.06 and a consensus analyst target price of 16.56.

Northrop Grumman Corp. (NYSE:NOC) was raised to Overweight from Neutral and the price target was raised to 355 from $317 at JPMorgan. Northrop Grumman has a 52-wk trading range of 223.88 – 309.76, and it had a consensus price target at 324.13.

Stitch Fix Inc. (NASDAQ:SFIX) quiet period ended, so analysts from the underwriting syndicate firms are initiating coverage. It was started as Overweight with a 29 target at Piper Jaffray, and RBC started it as Outperform with a 29 target. Barclays started it as Neutral with a 26 price target, while JPMorgan started it as Neutral with a 25 price target. Stitch Fix has a post-IPO trading range of 14.48 to 25.38, and its shares were at 23.54 at the close Tuesday.

Verizon Communications Inc. (NYSE:VZ) was raised to Buy from Neutral and the price target was raised to 61 from 47 at Instinet. Shares trading in a 52-wk range of 42.80 – 54.83 and with a consensus target price of 50.83.

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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