Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

 $CSCO, $FCX, $MSFT, $SPWR, $URBN

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 Friday, as follows:

Cisco Systems Inc. (NASDAQ:CSCO) Oppenheimer maintained its Outperform rating and its $34 target, but it warned that tough macro issues and product weakness add to its challenges. Jefferies reiterated its Buy rating and 35 target based on strong billing metrics. Cisco has a 52-wk trading range of 22.46 – 31.95.

Freeport-McMoRan Inc. (NYSE:FCX) analysts downgraded to Hold from Buy with a 12.50 price target at Deutsche Bank. Note that the stock was trading under 11 just two weeks ago, and its 52-wk trading range is 3.52 – 14.26.

Microsoft Corp. (NASDAQ:MSFT) was raised to Buy from Neutral with a 68 price target at Goldman Sachs. It has a 52-wk trading range of 48.04 – 61.37 and a consensus analyst price target of 63.79.

SunPower Corp. (NASDAQ:SPWR) analysts downgraded to Neutral from Outperform with a 7 price target at Robert W. Baird. The firm does not see SunPower’s prospects recovering any time soon, even with the shares down 80% from a peak due to a supply glut and industry deterioration. They see its premium modules having a harder time selling, and shares were down nearly 6% at 6.82 Thursday.

Urban Outfitters Inc. (NASDAQ:URBN) downgraded to Equal Weight from Overweight at Morgan Stanley. The consensus analyst target is 37.36, and the 52-wk trading range is 20.06 – 40.80.

Stay tuned…

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