Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$DSW, $DG, $KLAC, $MU
Below is a list of Wall Street’s Top analysts outlook for Key issues for Monday, as follows:
DSW Inc. (NYSE:DSW) was started with a Buy rating with a 29 price target at Needham. That compares with a Wall Street target of 24.33. Analysts see growth coming from the addition of new customers and existing ones on higher conversion.
Dollar General Corp. (NYSE:DG) was raised to Strong Buy from Outperform at Raymond James. The stock has traded in a 52-wk range of 68.69 – 105.82. The consensus price target is 104.75, and the shares closed Friday at 100.15.
KLA-Tencor Corp. (NASDAQ:KLAC) was downgraded to Hold from Buy at Needham. The 52-wk trading range for the semiconductor capital equipment leader is 87.93 – 123.96, and the consensus price target is set at 133.36.
Micron Technology Inc. (NASDAQ:MU) was started with a Buy rating and an 80 price target at Benchmark Company. This compares to the consensus target of 80.14. The firm believes Micron has progressed from a “cash burn” to a “cash return” story in just 2 years and expects the stock to remain a cyclical growth name, generating increasing profits and cash flow Quarterly.
Have a terrific week.
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