Wall Street’s Top Analysts’ Upgrades, Downgrades & Initiations

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 Streets top analyst upgrades, downgrades and initiations for Tuesday, as follows:

Alcoa Inc. (NYSE:AA) was raised to Buy from Neutral and the price objective was raised to 11.00 from 10.50 at Merrill Lynch. The firm sees better Alcoa results ahead from Firth Rixson ramping up and a pickup in jet engine demand. Alcoa has a consensus analyst price target of 10.86 and a 52-wk trading range of 6.14 – 13.05.

Twenty-First Century Fox Inc. (NASDAQ:FOXA) analysts reiterated as Outperform and the price target was raised to 40 from 37 at Credit Suisse. The firm also added the stock to the US and Global Focus Lists replacing Time-Warner. The company is raising the Hulu valuation to $25-B from $15-B.

Schlumberger Ltd. (NYSE:SLB) was added to the prized Conviction Buy list at Goldman Sachs, which sees some 29% upside, and it sees Schlumberger as best positioned in the Oil Patch of peers. The consensus price target is 87.74, and the 52-wk range is 59.60 – 92.61.

Sony Corp. (NYSE:SNE) analysts reiterated as Buy with a 38.26 price target at Merrill Lynch. The firm said that Sony’s growth story based on games and music is unchanged. The consensus price target is 38.26, and the 52-wk trading range is 19.90 – 31.88.

Staples Inc. (NASDAQ:SPLS) raised to Buy from Underperform with a 10 price objective at Merrill Lynch. The firm sees an attractive valuation after shares fell more than 20% in just 2weeks. The consensus price target is 9.50, and the 52-wk trading range is 8.00 – 16.74.

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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