Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AAPL, $BHP, $AVGO, $MCD
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 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.