Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$AZO, $BIIB, $AVGO, $CAT

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 Thursday, as follows:

AutoZone Inc. (NYSE:AZO) analysts maintained as Buy at Argus, but the independent research firm reduced its price target to 850 from 875.

Biogen Inc. (NASDAQ:BIIB) was maintained as Buy but was removed from the prized Conviction Buy list at Goldman Sachs. The price target is 388. Biogen has a 52-wk trading range of 244.28 – 370.57 and a consensus analyst target at 371.82.

Broadcom Ltd. (NASDAQ:AVGO) was started with an Overweight rating and assigned a 293 price target at Piper Jaffray. The stock has a 52-wk trading range of 219.77 – 285.68 and a consensus target price of 321.00.

Caterpillar Inc. (NYSE: CAT) Credit Suisse maintained its Outperform rating with a Note that it does not believe its markets are near the peak and it believes that Caterpillar will generate too much cash for its share repurchases not to be meaningful. Caterpillar has a 52-wk trading range of 97.74 – 173.24.

Have a terrific weekend.

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