Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AAPL, $BHP, $AVGO, $MCD
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows
Apple Inc. (NASDAQ:AAPL) Merrill Lynch analysts reiterated Apple as Buy with a 120 price objective, based on the firm seeing the EU antitrust fine taking years to resolve and it expects no immediate financial impact to Apple.
BHP Billiton Ltd. (NYSE:BHP) raised to Buy from Hold with a 12-month price target of 40 at Argus. The firm thinks that BHP’s earnings should benefit from stable to higher commodity prices and cost cutting efforts. The stock has a consensus analyst price target of 30.58 and a 52-wk trading range of 18.46 – 38.10.
Broadcom Ltd. (NASDAQ:AVGO) reiterated as Overweight with a 185 price target at Barclays. Credit Suisse reiterated its Outperform rating but lifted the price target to 200 from 180. Citigroup analysts started Broadcom as Buy with a 205 price target. Its shares closed at 177.00 Tuesday, and have a 52-wk trading range of 111.53 – 178.68.
McDonald’s Corp. (NYSE:MCD) was raised to Outperform from Neutral and the price target was raised to 128 from 126 at Robert W. Baird. The 52-wk trading range is 92.60 – 131.96, and the consensus price target is 129.36.