Mar 7, 2016

Posted by in Stock Reports | 0 Comments

Recent Brokerage Upgrades: Canadian Natural Resources Limited (NYSE:CNQ), Hewlett Packard Enterprise Company (NYSE:HPE), Lumentum Holdings Inc. (NASDAQ:LITE)

Recent Brokerage Upgrades: Canadian Natural Resources Limited (NYSE:CNQ), Hewlett Packard Enterprise Company (NYSE:HPE), Lumentum Holdings Inc. (NASDAQ:LITE)

Analyst ratings are essential! Traders keep monitoring analyst ratings of their picks. Wall Street is a tough place to make a living. Everyone is looking for an edge in the stock market, and quite often, traders turn to stock analysts to get that edge. A stock analysts is a person—typically employed by a large bank, investment firm or analysis company—who devotes his/her life to learning and making predictions about a company and its future performance.

Stock analysts sift through company reports and filings, talk to company management, probe customers and competitors and basically do whatever they can to find out if a company is healthy and growing or sick and shrinking. Because this is incredibly demanding work, stock analysts typically only monitor one or two companies at a time. Analysts also issue projected price targets of where they believe the stock price is going to be 12 months down the road.

JP Morgan upgraded Canadian Natural Resources Limited (NYSE:CNQ) to Overweight from Neutral on Friday. The stock has a consensus Strong Buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 1 has assigned a hold rating, 3 say it’s a buy, and 5 have assigned a strong buy rating to the company.

In a note to investors, Bernstein upgraded Hewlett Packard Enterprise Company (NYSE:HPE) to Outperform from Mkt Perform. It has earned a consensus Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 12 have assigned a hold rating, Zero says it’s a buy and 6 have assigned a strong buy rating to the company.

According to a research note released on Friday, Jefferies has upgraded Lumentum Holdings Inc. (NASDAQ:LITE) from Hold to Buy, and has set the price target of $34. The average analysts that follow this company have a ‘Buy’ rating, according to Zacks Investment Research. Among analysts covering the stock, 7 maintain strong buy rating, Zero set the stock as buy, 6 have assigned a hold rating and 1 suggests selling.

 

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