Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations


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 Friday, as follows:

Argo Group International Holdings Ltd. (NASDAQ:AGII) was raised to Outperform from Market Perform with a $71 price target (versus a $60.85 prior close) at Keefe Bruyette & Woods.

Mueller Water Products Inc. (NYSE:MWA) was reiterated as Outperform with a 15 target price at Oppenheimer, noting that the core trends are supportive of its valuation.

PG&E Corp. (NYSE:PCG) maintained as Hold at Argus after the utility suspended its dividend after recent fires. PG&E has a 52-wk trading range is 41.61 – 71.57, and the consensus analyst target price is 58.00.

Party City Holdco Inc. (NYSE:PRTY) is a recent Winner after an accelerated share buyback will raise earnings, but Merrill Lynch has maintained its Neutral rating because the firm worries that the company is also raising its leverage and risk.

Royal Gold Inc.’s (NASDAQ:RGLD) Mt. Milligan operation temporarily suspending mining on water shortages, its most important asset (close to 35% of expected Y 2018 revenue) Merrill Lynch has lowered Y’s 2018 and 2019 forecasts for earnings based on lower deliveries. Canaccord Genuity was more aggressive and downgraded Royal Gold to Hold from Buy and lowered its price target to 99 from 109. The 52-wk trading range is 61.00 94.39.

Have a safe and sane New Year’s Holiday Weekend.

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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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