Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$CVX, $HD, $NKE, $QCOM, $VMW

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 Tuesday, as follows:

Chevron Corp. (NYSE:CVX) analysts raised to Buy from Neutral and was added to the prized Conviction Buy list with a 118 price target at Goldman Sachs. Jefferies reiterated its Buy rating and raised its target to 120 from 116. The 52-wk trading range is 75.33- 107.58, and the consensus price target is 111.71.

Home Depot Inc. (NYSE:HD) downgraded to Neutral from Overweight and the price target was cut to 121 from 152 at Piper Jaffray. The 52-wk trading range is 109.62 – 139.00, and the consensus analyst target is 149.87.

Nike Inc. (NYSE:NKE) downgraded to Underperform from Neutral with a 46 price target at Merrill Lynch. The 52-wk trading range is 50.71 – 68.19. The consensus price target is 62.41.

Qualcomm Inc. (NASDAQ:QCOM) was raised to Buy from Neutral and the price target was raised to 80 from 55 at Nomura. It has a 52-wk trading range of 42.24 – 71.62 and a consensus price target at 70.15.

VMware Inc. (NYSE:VMW) analysts raised to Outperform from Perform with a 90 price target at Oppenheimer. The 52-wk trading range is 43.25 – 77.98, the consensus price target is 78.86.

Stay tuned…

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