Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations


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:

Noble Energy Inc. (NYSE:NBL) was raised to Market Perform from Underperform at Bernstein. The 52-wk trading range for the Oil field services company is 22.99 – 37.67. The consensus price objective is set at 42.26.

On Semiconductor Corp. (NASDAQ:ON) saw its price target raised to 31 from 28 at Craig Hallum. The analysts noted in the call that ON is the leading supplier of imaging solutions for ADAS/autonomous driving and continues to invest heavily to sustain that lead. The Wall Street consensus price target is 26.26, and the 52-wk trading range is 13.65 – 27.10.

Palo Alto Networks Inc. (NASDAQ:PANW) saw its price target raised to 222 from 220 at BMO Capital Markets, as the company posted solid numbers and announced a change in its CEO. Both Jefferies and JPMorgan raised their price targets on the security software leader to 239. These new targets compare with the current consensus figure of 205.09.

Twitter Inc. (NASDAQ:TWTR) saw it price target raised to 45 from 40 at Cascend Securities. That compares with the consensus target of 31. Twitter will be replacing Monsanto in the S&P 500 index. The 52-wk trading range is 15.67 – 37.49, and the consensus price target is 31. The stock closed Tuesday at 39.80.

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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