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.
Apple Inc. (NASDAQ:AAPL) has been reiterated as Outperform at Wedbush Securities in recent days, and the firm’s recently upgraded target price of 350 is now the highest on Wall Street. Apple’s close on Monday was up another 0.6% at 291.52, and its consensus target price was 266.22 last look.
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.