Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GRPN, NWSA, DIS, VG, WDC
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:
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.
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