$CMG, $GLOB, $HAS, $LC, $MSEX, $MOS, $DIS
Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.
Below is a list of The Street’s Key analysts outlook for Key issues for Thursday follows:
Chipotle Mexican Grill Inc. (NYSE:CMG) was reiterated as Buy and the price target was raised to 797 from 695 at Citigroup. The consensus target price is 624.17, and the 52-wk trading range of 383.20 – 721.21.
Globant S.A. (NYSE:GLOB) was reiterated as Outperform and the price target was raised to 90 at Wedbush Securities. The firm sees this as one the fastest-growing digital/SMAC IT Services vendors with delivery capabilities in Latin America, and the firm sees Y 2019 results being stronger due to the ongoing expansion of digital-related project sizes and currency tailwinds.
Hasbro Inc. (NASDAQ: HAS) was reiterated as Buy and the target price raised to 118 from 103 at Citigroup. Hasbro has a 52-wk range of 76.84 – 109.60, and it had a consensus target price of 106.79.
LendingClub Corp. (NYSE:LC) was raised to Outperform from Neutral and the price target was raised to $5.00 from $3.75 at Wedbush. The firm noted numerous positives after earnings: significant gains on all fronts over the past 3 years, operating with a more complex and diversified source of loan buying and funding, a tighter focus on its niche of “at-prime to super-prime” and using operating efficiencies to move toward adjusted EBITDA margins of 20% by the end of Y 2019.
Middlesex Water Co. (NASDAQ:MSEX) was raised to Buy from Neutral and the price target was raised to 66 from 58 at Janney. The firm noted that Middlesex’s Q-1 earnings results were well above their expectations, and the firm raised Y’s 2019 and 2020 estimates based on strong results and further adjustments at the tax line.
Mosaic Co. (NYSE:MOS) was raised to Overweight from Neutral but the price target was lowered to 27 from 33 at JPMorgan. Scotia raised it to Outperform from Sector Perform, and Credit Suisse raised it to Outperform from Neutral.
Walt Disney Co. (NYSE:DIS) was rerated with much higher analyst targets and expectations ahead of earnings, but most of these calls are about long-term views on movies, parks and the Disney+ DTC platform rather than predicting strong earnings results this week. Citigroup reiterated its Buy rating and raised its target price to 160 from 132 on Wednesday.
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