Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AXP, $CSCO, $FSLR, $GS
Below is a list of Wall Street’s Top analysts outlook for Key issues for Tuesday, as follows:
American Express Co. (NYSE:AXP) was raised to Buy with a 108 price target at Instinet. The firm believes that a negative revision risk is low and that the Southside risks are now adequately discounted into the shares.
Cisco Systems Inc. (NASDAQ:CSCO) was raised to Buy from Neutral with a 46 price target at Instinet. Monday, Cisco closed at 40.60, or +2.71%, in a 52-wk trading range of 30.36 – 42.98 with a consensus analyst target at 41.86.
First Solar Inc. (NASDAQ:FSLR) was started as Underperform and assigned a 55 price target at Credit Suisse. First Solar trades in a 52-wk range of 25.56 – 76.61.
Goldman Sachs Group Inc. (NYSE:GS) analysts reiterated as Buy with a 300 price objective at Merrill Lynch. The recent sell-off brought a buying opportunity, according to the call, and a chance to increase its return on equity to 16% from 12%.