Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$AK, $GOOGL. $AMZN, $BA, $COP
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Monday, as follows:
AK Steel Holding Corp. (NYSE:AKS) analysts raised to Buy from Hold and the price target was raised to 6.25 from 5.50 at Jefferies. The firm sees a reflation momentum with a lower balance sheet risk, and it believes that the prospects for the US steel market have notably improved. AK Steel has a 52-wk trading range of 1.64 – 7.09 and a consensus analyst price target of 5.94.
Alphabet Inc. (NASDAQ:GOOGL) Wedbush Securities maintained its Underperform rating and 700 target. Credit Suisse reiterated its Outperform rating and raised its target to 1,120 from 1,070. Jefferies reiterated its Buy rating and 1,000 price target. The 52-wk trading range is 672.66 – 838.50, and the consensus price target is 946.00.
Amazon.com Inc. (NASDAQ:AMZN) Wedbush maintained its Outperform rating and 900 target. Credit Suisse kept its Outperform rating but cut the target to 1,000 from 1,050. Jefferies reiterated its Buy rating and 950 price target. Amazon has a 52-wk trading range of 474.00 – 847.21, and it had a consensus price target of 920.
Boeing Co. (NYSE:BA) analysts reiterated as Buy and the price target was raised to 160 at Argus, noting that Boeing continues to benefit from strengthening demand in the commercial aerospace sector. Boeing has a 52-wk trading range of 102.10 – 150.59 and a consensus price target at 148.76.
ConocoPhillips (NYSE:COP) was raised to Overweight from Neutral with a 53 price target at Piper Jaffray. The 52-wk trading range is 31.05 – 57.24, and the consensus price target is 51.91.
Have a terrific week.