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 analysts upgrades, downgrades and initiations for Thursday, as follows:
American Water Works Co. Inc. (NYSE:AWK) analysts raised to Buy from Neutral at Merrill Lynch as a post-Trump win beneficiary around infrastructure benefiting M&A and organic growth. The stock saw its price objective raised to 84 from 77. Its shares are in a 52-wk trading range of 55.77 to 85.24.
GoPro Inc. (NASDAQ:GPRO) stock was downgraded to Neutral from Outperform at Wedbush, with a target cut to 9 from 12. Dougherty lowered its rating to Sell from Neutral with a 6 price target, and Raymond James downgraded it to Market Perform from Outperform. HeffX-LTN downgraded GPRO to 5/share.
JPMorgan Chase & Co. (NYSE: JPM) analysts downgraded to Neutral from Outperform with a 72 price target at Robert W. Baird. Shares are within a 52-wk trading range of 52.50 – 73.10.
Nucor Corp. (NYSE:NUE) Merrill Lynch analysts raised its rating to Buy from Neutral and raising its price objective to 57 from 50. The firm feels like a Trump admin’s anti-trade stance will be a positive for domestic mills and that the potential infrastructure boost will drive sentiment more than anything.
United States Steel Corp. (NYSE:X) was raised to Buy from Hold at Jefferies, and the price target was raised to 26 from 17.50. This was already one of the Key Trump beneficiaries due to protecting American companies, and shares were last seen trading up at 24.56 Wednesday, in a 52-wk trading range of 6.15 – 27.64.
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