Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$AIG, $BAX, $CNI, $E, $CVE, $PSX

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 Friday, as follows:

American International Group Inc. (NYSE:AIG) raised to Buy from Neutral with a 65 price target at UBS. AIG has a 52-wk trading range of 49.57 – 67.30 and a consensus analyst price target at 63.50.

Baxter International Inc. (NYSE:BAX) was started as Overweight and assigned a 77 price target at Piper Jaffray. The 52-wk trading range is 56.54 – 72.58, and the consensus price target is 77.21.

Canadian National Railway Co. (NYSE:CNI) was raised to Buy from Underperform with a 93 price objective at Merrill Lynch in a less common 2-notch analyst upgrade.

Celanese Corp. (NYSE:E) was raised to Buy from Neutral with a 130 price target at UBS. The shares were flat Thursday. Celanese has a consensus price target of 123.90.

Cenovus Energy Inc. (NYSE:CVE) analysts raised to Outperform from Market Perform at BMO Capital Markets. Cenovus has a consensus target price of 58.20 and has a 52-wk trading range of 37.02 – 62.24.

Phillips 66 (NYSE:PSX) analysts reiterated as Buy and the price target was raised to 133 from 108 at Argus. The independent research firm said that the recent earnings improvement was based on gains in all segments. Phillips 66 has a 52-wk trading range of 75.85 – 119.16 and a consensus price target at 113.75.

Have a terrific weekend

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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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