Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$ALRM, $BABA, $NEWR
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 Tuesday, as follows:
Alarm.com Holding Inc. (NASDAQ:ALRM) was raised to Strong Buy from Outperform at Raymond James. The shares have traded between 33.39 and 49.49 over the past 52 wks. The Wall Street consensus price target is posted at 49. The stock closed Monday at 39.09.
Alibaba Group Holding Ltd. (NYSE:BABA) was started with a Buy rating and a 275 price target at Argus. The consensus price target is 243.09, and the shares ended trading last Monday at 191.25.
New Relic Inc. (NYSE:NEWR) was started with a Buy rating and a 125 price objective at Deutsche Bank. That compares to the consensus price target of 100.07. The stock closed Monday at 99.86/share.
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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.