Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$CNI, $ERI, $MRVL, $SPOT, $X

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:

Canadian National Railway Co. (NYSE:CNI) raised to Outperform from Market Perform at Raymond James. The 52-wk trading range for the stock is 70.59 – 85.73. The consensus price target is set at 80.81.

Eldorado Resorts Inc. (NASDAQ:ERI) raised to Outperform from Neutral at Macquarie. The 52-wk trading range for the casino and lodging stock is 17.30 – 38.45. The consensus price target is 39.50.

Marvell Technology Group Ltd. (NASDAQ:MRVL) analyssts started with a Buy rating at Rosenblatt with a 27 price target. That compares with the analysts’ consensus target at 27.59. The 52-wk trading range is 14.58 – 25.18.

Spotify Technology S.A. (NYSE:SPOT) saw its target price started at 175 at Guggenheim. The NYSE established a reference price for the company ahead of trading at 132. The direct listing means no investment banks were involved, no shares will be added to the float and there is lockup period.

United States Steel Corp. (NYSE:X) analysts raised to Buy from Neutral at Citigroup. The 52-wk trading range for the steel giant is 18.55 – 47.64. The consensus price target is 48.07.

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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