Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$XEC, $ETSY, $GTES, $HD, $IMAX

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:

Cimarex Energy Co. (NYSE:XEC) was raised to Buy from Hold and the target price was raised to 142 from 138 at KLR Group.

Etsy Inc. (NASDAQ:ETSY) was reiterated as Buy and the price target was raised to 26 from 20 at D.A. Davidson.

Gates Industrial Corp. PLC (NYSE:GTES) was started as Outperform with a 21 price target at Credit Suisse. RBC Capital Markets started the stock as Outperform with 22 price target. KeyBanc Capital Markets started it with an Overweight rating and assigned a 22 price target.

Home Depot Inc. (NYSE:HD) analysts reiterated as Buy and with a 219 price objective at Merrill Lynch in its flash note after earnings, noting that it ended its year on a very strong note and noting that guidance was likely conservative. Home Depot trades in a 52-wk range of 143.25 – 207.71 and with a consensus analyst target price at 211.13.

IMAX Corp. (NYSE:IMAX) was reiterated as Outperform with a 30 price target at Wedbush Securities. The pre-earnings call signaled that Wedbush expects Q-4 earnings ahead of consensus estimates on better margins.

Stay tuned…

  #analysts, #buy, #ETSY, #GTES, #HD, #hold, #ideas, #IMAX, #market, #price, #sell, #target, #trade, #trading, #Wall Street, #XEC

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