Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GRPN, NWSA, DIS, VG, WDC
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Friday, as follows:
Groupon Inc. (NASDAQ:GRPN) The stock was reiterated as Outperform with a 6.50 price target at Wedbush Securities. Goldman Sachs has a Neutral rating but raised its target to 4.80. Groupon has a 52-wk trading range of 2.15 – 5.94, and it had a consensus analyst target price of 5.24.
News Corp. (NASDAQ:NWSA) analysts downgraded to Underperform from Neutral at Merrill Lynch, which noted that shares were within 7% of its 14 price objective. The firm believes that significant secular challenges still confront its News & Information Services segment and its Y 2017 estimates on earnings are now 17% below consensus. The 52-wk trading range is 10.21 – 15.68, and the consensus target price is 15.47.
Walt Disney Co. (NYSE:DIS) analysts maintained as Outperform at Credit Suisse, but the firm lowered its price target to 125 from 128. Ahead of earnings, the firm sees premium assets but a company that is hampered by strategic challenges. The stock closed at 93.49, and it has a 52-wk trading range of 86.25 – 120.65 and a 107.14 price target.
Vonage Holdings Corp. (NYSE:VG) analysts reiterated as Outperform at Oppenheimer, but the firm raised its target to 8 from 7. Oppenheimer said earnings were solid, and the firm sees a ramp in investment and sales, with the Nexmo integration bring continual growth. The stock closed up 10% at 7.08 after earnings on Wednesday, and its 52-wk trading range is 3.82 – 7.57.
Western Digital Corp. (NASDAQ:WDC) was raised to Neutral from Underperform at Merrill Lynch. The firm is still a bit cautious as there are many moving pieces, but it sees the fundamentals being undeniably better.