Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BAC, $CSCO, $HTZ, $HD, $WFC
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 Wednesday, as follows:
Bank of America Corp. (NYSE:BAC) analysts downgraded to Neutral from Buy at Guggenheim. The stock has a 52-wk trading range of 10.99 – 20.20. The consensus analyst price target is 18.53.
Cisco Systems Inc. (NASDAQ:CSCO) was reiterated as Buy with a 35 price target at Jefferies. This is a pre-earnings call expecting an in-line report where the firm likes the risk/reward.
Hertz Global Holdings Inc. (NYSE:HTZ) was downgraded to Equal Weight from Overweight with a 30 price target at Morgan Stanley. The stock was trading at 35.74 on 7 November before its earnings report, and its consensus price target is 37.71.
Home Depot Inc. (NYSE:HD) analysts maintained as Buy at Merrill Lynch after it posted an impressive 5.5% comparable sales growth and maintaining sales and earnings guidance. Home Depot finished down (-3.27) to 124.40/share Tuesday.
Wells Fargo & Co. (NYSE: WFC) was downgraded to Sell from Neutral at Guggenheim. Wells Fargo trades in a 52-wk trading range of 43.55 – 56.26. The consensus analyst target is 49.57.
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