Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$CTRN, $IIVI, $JBHT, $KLAC

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:

Citi Trends Inc. (NASDAQ:CTRN) was raised to Buy from Neutral with a 32 price target at MKM Partners.

 

II-VI Inc. (NASDAQ:IIVI) was raised to Buy from Neutral with a 55 price target at B. Riley.

JB Hunt Transport Services Inc. (NASDAQ:JBHT) was started with a Buy rating and assigned a 150 target price at Argus. The independent research firm sees a strong outlook, believes it has adapted to changes in customer demand and is calling for 15% long-term earnings growth.

KLA-Tencor Corp. (NASDAQ:KLAC) analysts reiterated as Buy with a 135 price target at Argus, with the firm being talked up after announcing the acquisition of Orbotech increasing its exposure to faster-growing markets like 5G AR, VR, OLED, smart mobile and automotive.

Stay tuned…

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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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