$BLMN, $CTST, $DECK, $ERIC, $LNVGY, $VALE
The US Financial Markets are Closed Monday for Memorial Day
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 Monday follows:
Bloomin’ Brands Inc. (NASDAQ:BLMN) was raised to Buy from Neutral with a $25 price target at Guggenheim. The consensus target is at 22.78.
CannTrust Holdings Inc. (NYSE:CTST) was started with a Buy rating and an 11 target at Merrill Lynch. This is yet another of the popular marijuana stocks getting coverage on Wall Street.
Deckers Outdoor Corp. (NYSE:DECK) saw its price target raised to 152 at Pivotal Research. The consensus price target is set at 146.58.
Ericsson Inc. (NASDAQ:ERIC) was raised to Buy from Neutral at Credit Suisse. The 52-wk trading range for the stock is 7.16 — 10.46, and the consensus price target is at 10.29.
Lenovo Group Ltd. (NASDAQ:LNVGY) is raised to Buy from Neutral at Goldman Sachs. The analyst cited the company’s fundamentals continuing to improve following the Q-4 beat, and its valuation is attractive at current share levels. The consensus price target is 15.05.
Vale S.A. (NYSE:VALE) was raised to Buy from Neutral at Merrill Lynch. The 52-wk trading range is 10.89 – 16.13, and the consensus price target is 14.49. Friday closing price was 12.02/ share.
Have a terrific Memorial Day.