Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$BAC, $CSCO, $HTZ, $HD, $WFC
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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