Wall Street Analysts Upgrades, Downgrades And Initiations

Wall Street Analysts Upgrades, Downgrades And Initiations

$TWTR, $DDD, $AMZN, $SIRI, $GILD, $CTXS, $YELP

HeffX-LTN reviews analysts research reports from Wall Street brokerage firms daily to find new investing and trading ideas for our readers. Some analysts reports cover stocks to buy, sell, hold, or avoid.

Below are Thursday’s leading analyst upgrades, downgrades and initiations from top research calls from around Wall Street, as follows:

Amazon.com Inc. (NASDAQ:AMZN) analysts raised to Buy from Hold and was given a 700 price target at Stifel Nicolaus. Amazon has a consensus price target of 644.43 and a 52-wk trading range of 284.00 – 580.57.

Citrix Systems, Inc. (NASDAQ:CTXS) analysts raised to Outperform from Neutral with a 80 price target at R. W. Baird. RBC maintained its Sector Perform rating but raised the target price to 75 from 67. Citrix has a consensus price target of 73.50 and a 52-wk trading range of 56.47 – 73.12.

Gilead Sciences Inc. (NASDAQ:GILD) Gilead was reiterated as Outperform and the price target was raised to 130 from 120 at RBC Capital Markets. BofA Merrill Lynch reiterated an Underperform rating with a 107 target.

Sirius XM Radio Inc. (NASDAQ:SIRI) was raised to Buy from Hold with a 44.60 price target at Wunderlich Securities. Sirius XM has a consensus analyst target of 4.46 and a 52-wk trading range of 3.14 – 4.04.

3D Systems Corp. (NYSE:DDD) analysts raised to Neutral from Underperform at Longbow Research. 3D Systems has a consensus price target of 23.79 and a 52-wk trading range of 14.06 – 56.45.

Twitter Inc. (NYSE:TWTR) posted disappointing user growth and cautious growth comments, sending shares South Wednesday and under the 52-wk low of 33.51. Many firms cut their targets: Deutsche Bank, Jefferies, Morgan Stanley, Barclays, and RBC Capital Markets. HeffX-LTN target for TWTR is 20/share.

Yelp Inc. (NYSE:YELP) also posted bad guidance, its shares got hammered. Bank of America Merrill Lynch downgraded Yelp to an Underperform from Neutral with a 25 price target. Analysts at JMP Securities downgraded Yelp to Market Perform from Market Outperform. Yelp finished Wednesday at 25.06 well under the prior 52-week low at 32.36.

Stay tuned…

HeffX-LTN

Paul Ebeling

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