Five Big Analyst Upgrades and Downgrades for Wednesday (BA, WAG, WMT, YUM, ZTS)

24/7 Wall St. has seen many analyst upgrades and downgrades this Wednesday, but there are several calls which really stand out in key companies.

Boeing Co. (NYSE: BA) was reiterated with a “Buy” rating and with a $100 price target at BofA Merrill Lynch based partly upon Dreamliner tests resuming. It was also upgraded to Hold from Underweight at BB&T and Stifel Nicolaus maintained a “Buy” rating and raised its target to $100 from $85 this morning.

Walgreen Co. (NYSE: WAG) was raised to Buy from Neutral at UBS.

Wal-Mart Stores Inc. (NYSE: WMT) was reiterated as “Buy” but what stood out here was the firm’s $85 price target at BofA Merrill Lynch.

Yum! Brands Inc. (NYSE: YUM) was also maintained as Outperform and its target price was raised by $3 to $70 at Credit SUisse based upon the bleeding in China finally letting up.

Zoetis Inc. (NYSE: ZTS) was started in coverage by the major brokerage firms now that the quiet period has ended: started as Neutral at BofA/Merrill Lynch; started as Neutral at Goldman Sachs; started as Buy at Jefferies; started as Overweight at JPMorgan; started as Buy at Deutsche Bank.

by Jon C. Ogg at 247wallst.com