Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$CBOE, $CMCSA, $VG, $WFC, $HRL
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows;
CBOE Holdings Inc. (NASDAQ:CBOE) analysts downgraded to Sector Perform from Outperform at RBC Capital Markets, and the firm lowered its price target to 68 from 78. The firm thinks that CBOE’s move to acquire BATS for $3.2-B will create a larger financial exchange, but not necessarily a better exchange. Credit Suisse raised CBOE to Neutral from Underperform on the move.
Comcast Corp. (NASDAQ:CMCSA) reiterated as Buy at Argus. The move is due to an ability to boost net subscriber additions and/or to ameliorate subscriber losses, and on word that Comcast plans its own wireless offering.
Vonage Holdings Corp. (NYSE:VG) reiterated as Buy and the price target was raised to 9 from 8 at Needham.
Wells Fargo & Co. (NYSE:WFC) analysts maintained as Outperform at FBR Capital Markets, but the firm did use the recent weakness and negative public relations from the account openings to lower the price target to 50 from 63.
Hormel Foods Corp. (NYSE:HRL) was reiterated as Outperform at Credit Suisse, and it was added to its US Focus List after management gave good indications for Y 2017 guidance.