Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$IBM, $QCOM, $VRX, $YUMC
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follows:
International Business Machines Corp. (NYSE:IBM) analysts raised to Buy from Neutral at Merrill Lynch, and the price target was raised to 185 from 170 IBM had a consensus analyst target price of 156.38 and a 52-wk trading range of 116.90 – 165.00.
Qualcomm Inc. (NASDAQ:QCOM) analysts downgraded to Equal Weight from Overweight with a 65 price target at Morgan Stanley. The consensus target price is 73.10, and the 52-wk trading range is 42.24 – 71.62.
Valeant Pharmaceuticals International Inc. (NYSE:VRX). The stock was downgraded to Neutral from Buy at Rodman & Renshaw, and Morgan Stanley maintained an Overweight rating but cut its price target to 25 from 42. The 52-wk trading range is 13.77 – 119.87.
Yum China Holdings Inc. (NYSE:YUMC) was started as Outperform with a 33 price target at Oppenheimer. Yum China has had a post-IPO low of 24.00 and a post-spin high of 28.14.