Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$GS, $HPQ, $SPLK, $UNH
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Thursday, as follows:
Goldman Sachs Group Inc. (NYSE:GS)analysts raised to Buy from Hold at Deutsche Bank, but the big part of this call is the price target being raised to 255 from 180. Shares have a 52-wk trading range of 138.20 – 213.41, and the stock had a consensus target price of 194.50 prior to the call. What should stand out is that the highest price target was 240 before this.
HP Inc. (NYSE:HPQ) reiterated as Buy with a 19 price target at Argus. The 52-wk trading range is 8.91 – 16.19, and the consensus price target is 16.27. The firm noted that HP shares sold off after management issued below consensus guidance for Q-1, despite a turnaround in formerly troubled core markets. Argus believes that HP is managing through secular transitions and cyclical challenges while boosting margins at an impressive pace.
Splunk Inc. (NASDAQ:SPLK), the stock was reiterated as Outperform at Wedbush Securities and the price target was raised to 75 from 72. Merrill Lynch reiterated its Buy rating and raised its price objective to 88 from 67. Splunk has a 52-wk trading range of 29.85 – 65.75 and a consensus price target of 69.57.
UnitedHealth Group Inc. (NYSE:UNH) analysts raised to Buy from Neutral with a 178 price target at Mizuho. Credit Suisse reiterated its Outperform rating and raised its price target to 179 from 168. The 52-wk trading range is 107.51 – 158.12. The consensus analyst target is 164.05.