Wall Street Analysts Upgrades, Downgrades And Initiations

Wall Street Analysts Upgrades, Downgrades And Initiations

$AMZN, $BBY, $GOOGL, $IBM, $MPC, $NKE

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.

Trade with HEFFX

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

Amazon.com Inc. (NASDAQ:AMZN) raised to Buy from Hold with a $585 price target (versus a $466.37 close) at Evercore ISI. This is after Oppenheimer also named it as a bull market leader to buy after the sell-off. Amazon has a consensus analyst price target of $466.37 and a 52-week trading range of $284.00 to $580.57.

Best Buy Co. Inc. (NYSE:BBY) analysts raised to Strong Buy from Outperform with a $40 price target (versus a $32.95 close after a 12.5% post-earnings rally) at Raymond James. Credit Suisse maintained its Outperform rating and $45 price target. Best Buy has a consensus price target of $41.00 and a 52-week range of $28.32 to $42.00.

Google Inc. (NASDAQ:GOOGL) analysts raised to the prized Conviction Buy List from Neutral at Goldman Sachs. Its price target also was raised to $800 from $660 in the call. Google was listed as one of the five most disappointing leadership moves on Tuesday. It has a consensus price target of close to $766 and a 52-week range of $490.91 to $713.33.

International Business Machines Corp. (NYSE:IBM) raised to Buy from Hold with a price target of $175 (versus a $140.96 close) at Argus. The firm now expects IBM’s earnings quality to improve as the company benefits from the disposition of commodity-like assets.

Marathon Petroleum Corp. (NYSE:MPC) analysts  raised to Overweight from Neutral with a $61 price target (versus a $43.77 close after a 4.5% drop) at JPMorgan. Marathon has a consensus analyst price target of $67.50 and a 52-week range of $37.32 to $60.38.

Nike Inc. (NYSE:NKE) raised to Positive from Neutral, with a $122 price target that was maintained (versus a $103.53 close), at Susquehanna. Nike has a consensus analyst price target of $119.63 and a 52-week range of $78.27 to $117.72.

Stay tuned…

HeffX-LTN

Paul Ebeling

The post Wall Street Analysts Upgrades, Downgrades And Initiations appeared first on Live Trading News.

Tags: