These are this Wednesday’s top analyst upgrades, downgrades and initiations.
Avago Technologies Ltd. (NASDAQ: AVGO) was started as Buy with a $163 price target (versus a $141.64 close) at Argus. The stock has a consensus analyst price target of $169.82 and a 52-week trading range of $68.71 to $150.50.
Citigroup Inc. (NYSE: C) was downgraded to Hold from Buy with a price target of $56.00 (versus a $57.39 close) at Deutsche Bank. Citigroup has a consensus price target of $63.28 and a 52-week range of $46.55 to $57.64.
Electronic Arts Inc. (NASDAQ: EA) was upgraded to Buy from Hold and the price target was raised to $80 from $58 (versus a $66.58 close) at Jefferies. EA has a consensus price target $67.13 and a 52-week range of $31.77 to $67.49. This is a new street-high target, as the prior one was $75.00.
Ford Motor Co. (NYSE: F) was raised to Buy from Neutral and the price target was lifted to $19 from $18 (versus a $15.29 close) at Goldman Sachs. Ford has a consensus price target of $17.35 and a 52-week range of $13.26 to $18.12.
General Motors Co. (NYSE: GM) was downgraded to Neutral from Buy and the price target was cut to $40 from $47 (versus a $36.30 close) at Goldman Sachs. GM has a consensus analyst price target of $42.63 and a 52-week range of $28.82 to $38.99.
JPMorgan Chase & Co. (NYSE: JPM) was reiterated as Buy and the price target was raised to $77 from $70 (versus a $69.75 close) at Argus. The consensus price target is $71.74, and the 52-week trading range is $54.26 to $69.82 (with the high just on Tuesday).
Goldman Sachs Group Inc. (NYSE: GS) was downgraded to Hold from Buy and the price target is $206.00 (versus a $218.40 close) at Deutsche Bank. The consensus analyst price target is $42.63, The 52-week range is $161.53 to $218.77.
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Additional key analyst upgrades, downgrades and initiations were seen as follows this Wednesday:
Applied Materials Inc. (NASDAQ: AMAT) was already rated as Buy and was added to the Conviction Buy List at Goldman Sachs.
BHP Billiton Ltd. (NYSE: BHP) was raised to Neutral from Underperform at Credit Suisse.
Catamaran Corp. (NASDAQ: CTRX) was downgraded to Neutral from Buy at UBS.
Comerica Inc. (NYSE: CMA) was raised to Buy from Neutral with a price target of $60.00 (versus a $52.53 close) at Bank of America Merrill Lynch.
CorEnergy Infrastructure Trust Inc. (NYSE: CORR) was raised to Outperform from Sector Perform and the price target was raised to $8 from $7 (versus a $6.07 close) at RBC Capital Markets.
Esperion Therapeutics Inc. (NASDAQ: ESPR) was downgraded to Neutral from Outperform with a price target cut to $86 from $130 (versus a $80.97 close) at Credit Suisse.
Franco-Nevada Corp. (NYSE: FNV) was raised to Outperform from Market Perform at Raymond James.
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Interactive Intelligence Group Inc. (NASDAQ: ININ) was started as Buy with a $58 price target (versus a $45.93 close) at Roth Capital.
Intuit Inc. (NASDAQ: INTU) was started as Hold at Stifel Nicolaus.
McCormick & Co. (NYSE: MCK) was raised to Outperform from Market Perform with a $93 price target (versus a $80.26 close) at Sanford Bernstein.
MoneyGram International Inc. (NYSE: MGI) was downgraded to Neutral from Outperform with a price target of $11 at Macquarie.
Paramount Group Inc. (NYSE: PGRE) was started as Neutral with a price target of $19 (versus a $17.60 close) at Mizuho.
Royal Caribbean Cruises Ltd. (NYSE: RCL) was raised to Buy from Neutral at Goldman Sachs.
Royal Dutch Shell PLC (NYSE: RDS-A) was raised to Buy from Hold at Deutsche Bank.
Sphere 3D Corp. (NASDAQ: ANY) was started as Buy with an $8 price target (versus a $5.07 close) at Roth Capital.
Take-Two Interactive Software Inc. (NASDAQ: TTWO) was raised to Buy from Hold with a price target of $35 (versus a $29 prior target and a $28.01 close) at Jefferies.
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In case you missed out on Tuesday’s top analyst upgrades and downgrades, they included Newmont Mining, Vodafone, Yelp, Western Digital, American Airlines and AT&T.
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