$ATVI, $AMZN, $AAPL, $BSX, $LLY, $GT, $HAIN, $LEN
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 the 1st list of the New Year, Thursday, 2 January, as follows:
Activision Blizzard Inc. (NASDAQ:ATVI) was reiterated as Outperform and the price target was raised to 69 from 67 at Credit Suisse Tuesday. Activision previously closed down 0.5% at 58.88 a share and had a consensus target price of 60.63. Its “Warcraft III: Reforged” launch was pushed out in December to 28 January 2020, so the uptick will now be in Y 2020 rather than Y 2019, while it boosted its late-2019 contribution from “Call of Duty: Modern Warfare.”
Amazon.com Inc. (NASDAQ:AMZN) was reiterated as Buy with a 2,250 price target at Argus Tuesday. While the call is the same as before, strong year-end data from its own sales and record-breaking numbers from third-party sellers have come at a time when relative underperformance in its shares during Y 2019 had pushed its valuations to more attractive ranges. The independent research firm believes that Amazon deserves long-term accumulation by most equity investors due to its strength in the cloud and in leveraging retail-consumer efforts.
Boston Scientific Corp. (NYSE:BSX) was reiterated as Outperform and the target was raised to 52 from 47 at Cowen Monday, and its shares closed down 0.5% at 44.99 that day. It has a 49.19 consensus target price.
Eli Lilly and Co. (NYSE:LLY) was reiterated as Buy at Argus Monday, and the firm raised its target price to 165 from145 in the call. Shares closed down almost 0.2% at $131.30 Monday, and the consensus target price was 130.69.
Goodyear Tire & Rubber Co. (NYSE:GT) was started as Buy at Nomura/Instinet Monday with a 20 target price. Shares closed up 0.86% at 15.23 Monday after the call, and the 52-wk trading range is 10.74 – 22.17. The consensus target price was last at 19.29.
Hain Celestial Group Inc. (NASDAQ:HAIN) was reiterated as Buy and the target price was raised to 30 from 25 at Jefferies. It had a consensus target price of 24.50 ahead of this call.
Lennar Corp. (NYSE:LEN) was reiterated as Outperform with a 70 target price at Wedbush Monday. The stock closed down 0.5% at 55.74 after the call, but the firm is positive for Y 2020 and expects order growth and revenues to exceed expectations while it trades at less than 9X expected earnings and is slightly undervalued against peers at current marks. The 52-wk trading range is 38.43 – 62.63, and the consensus target price is at 65.93.
Have a terrific New Year Holiday week.
