Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
Below is a list of Wall Street’s Top analysts outlook for Key issues for Wednesday, as follows:
Dropbox Inc. (NASDAQ:DBX) has seen its underwriters post-IPO quiet period come to an end. The shares have a post-IPO trading range of 27.75 – 34.83. 2.
GrubHub Inc. (NYSE:GRUB) was started as Overweight and the price target was raised to 120 at Stephens.
Koninklijke Philips N.V. (NYSE:PHG) was raised to Buy from Hold at Deutsche Bank.
Merck & Co. Inc. (NYSE:MRK) was raised to Overweight from Equal Weight at Morgan Stanley. Merck’s expanded lung cancer news helped shares close up at day, and the stock finished at 59.80 Tuesday.
Netflix Inc. (NASDAQ:NFLX) was last seen up after yet another positive earnings report with strong subscriber numbers. Netflix was maintained as Overweight and the price target was raised to 385 from 300 at KeyBanc Capital Markets. Stifel maintained its Hold rating and raised its target to 345 from 325. Wedbush Securities has maintained its Underperform rating, but it did raise its price target to 125 from 110.
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