The Street’s Key Stock Analysts Research Report

The Street’s Key Stock Analysts Research Report

$ADI, $BBY, $DKS, $LOW, $TGT

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, as follows:

Analog Devices, Inc. (NASDAQ:ADI) was up 1.7% at 114.89 ahead of earnings and was indicated up almost 1% more at 115.75 after earnings. The surge was less than the analyst calls might have indicated, but perhaps the 35% YTD gainer made it more factored in.

Raymond James reiterated its Outperform rating on Analog Devices and raised its target to 130 from 120. BMO Capital Markets reiterated its Outperform rating and raised its target to 135 from 122, and Nomura/Instinet maintained its Neutral rating but still raised its target up to 100 from90 in that call. Credit Suisse reiterated its Outperform rating and raised its target to 130 from 120.

Best Buy Co., Inc. (NYSE:BBY) saw just under a 10% gainer to $81.57 after a stronger earnings report last Tuesday and there was only mild profit taking Wednesday. Its 52-wk high is now 83.63, and the consensus analyst target was previously at 83.28.

Morgan Stanley reiterated its Equal Weight rating but raised its target price up to 77 from 70 in its Best Buy call. Barclays reiterated its Overweight rating and raised its target to 90 from 75, and Piper Jaffray reiterated its Overweight rating and raised its target to 97 from 86. Guggenheim reiterated its Buy rating and raised its target to 90 from 80 in that call. RBC Capital Markets maintained its Sector Perform rating but raised its target to 86 from74.

DICK’s Sporting Goods, Inc. (NYSE:DKS) was up 18.6% at 46.77 after earnings and guidance pleased investors last Tuesday and it had seen only mild profit taking on Wednesday. RBC Capital Markets maintained its Sector Perform rating but raised its target price up to 47 from 40. Barclay’s raised its rating to Overweight from Equal Weight and raised its target to 56 from 45, and Evercore ISI raised its rating to Outperform from In-Line and vaulted its target price up to 60 from 35 after the report. Morgan Stanley maintained its Equal Weight rating but raised its target to 46 from 36 after the reaction.

Lowe’s Companies, Inc. (NYSE:LOW) has closed some of the underperformance gap against rival Home Depot, and its shares rose after earnings while Home Depot’s shares fell. It was up almost 4% at $117.83 after beating earnings, but the shares were closer to 119 ahead of the Thanksgiving holiday.

All of these calls were in the prior week, but Lowe’s was reiterated as Outperform with a 135 target price at Wedbush Securities. Goldman Sachs reiterated its Buy rating and raised its target to 135 from 123. Robert W. Baird reiterated its Outperform rating and raised its target to 145 from 135 in that call. Telsey Advisory Group also reiterated its Outperform rating and raised its target to 133 from 120 in its call.

Target Corporation (NYSE:TGT) was a Star of the retail earnings season, defying the omnichannel fears and thriving with it. Target shares initially rose 14% to 126.43 on last week’s post-earnings-beat reaction. It was trading at about 127 ahead of the Thanksgiving holiday.

Analysts came out in force a week earlier after the earnings supported its valuations handily. BofA Merrill Lynch reiterated its Buy rating and raised its price objective to 150 from 125 in that call. KeyBanc Capital Markets reiterated its Overweight rating and raised its target to 140 from 130, while Robert W. Baird reiterated its Outperform and raised its target to 140 from 115. Telsey Advisory Group reiterated its Outperform rating and raised its target to 137 from 120.

Have a terrific week

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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