Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$AXP, $ECA, $PBR, $RTN, $TSLA, $WBA

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 Streets top analysts upgrades, downgrades and initiations for Friday, as follows:

American Express Co. (NYSE:AXP) downgraded to Reduce from Neutral at Nomura, and the firm lowered its price target to 56 from 62. Nomura worries about softer than expected revenues and higher than expected expenses. American Express has a 52-wk trading range of 50.27 – 77.82 and a consensus analyst price target of 67.77.

Encana Corp. (NYSE:ECA) analysts reiterated as Buy and the price target was raised to 14 from 13 at Jefferies. Encana has a 52-wk trading range of 3.00 – 11.10 and a consensus price target of 11.37.

Petroleo Brasileiro S.A. (NYSE:PBR) aka  Petrobras, reiterated as Overweight at Morgan Stanley, and the firm raised its price target to 13 from 10. The 52-wk trading range is 2.71 – 10.24, and the consensus price target is 7.91.

Raytheon Co. (NYSE:RTN) analysts started as Outperform with a 170 price target at Robert W. Baird. The stock closed at 137.13 on Wednesday. It has a 52-wk trading range of 108.83 – 143.39 and a consensus price target at 155.31.

Tesla Motors Inc. (NASDAQ:TSLA) downgraded to Neutral from Buy and the price target was cut at Goldman Sachs, with that target down to 185 from 240. The 52-wk trading range is 141.05 – 269.34. Tesla has a consensus price target at 228.33.

Walgreens Boots Alliance Inc. (NASDAQ:WBA) started with a Buy rating at UBS. The 52-wk trading range is 71.50 – 95.74, and the consensus price target is 92.73.

Stay tuned…

  AXP, Downgrades, ECA, Initiations, Paul Ebeling, PBR, RTN, trading, TSLA, upgrades, Wall Street, WBA

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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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