$BAC, $BBT, $CAT, $CVX, $EW, $FAST, $FISV, $VLO
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 Tuesday as follows:
Bank of America Corp. (NYSE:BAC) was reiterated as Buy and the price target was raised up to 33 from 29 at Jefferies. The consensus target price was 32.22, and the 52-wk trading range is 22.66 – 33.05.
BB&T Corp. (NYSE:BBT) was reiterated with a Buy rating and with the same 60 target price at Argus.
Caterpillar Inc. (NYSE:CAT) was maintained as Outperform at Credit Suisse, but the firm lowered its price target to 173 from 183 after its dealer surveys showed that 85% of the dealers are calling for demand to be flat to up 5% while 15% are forecasting flat to down 5%.
Chevron Corp. (NYSE:CVX) was raised to Buy from Neutral at UBS. Chevron trades in a 52-wk range of 100.22 – 132.67. The consensus target price is $138.16.
CSX Corp. (NYSE:CSX) was reiterated as Buy with a 71 price target at Argus. The independent research firm believes that its new CEO should be substantially lowering the company’s cost structure and that the recent $5-B stock buyback campaign should signal confidence in its outlook.
Edwards Lifesciences Corp. (NYSE:EW) was raised to Buy from Neutral and the price objective was raised to 190 from 180 at Merrill Lynch.
Fastenal Co. (NASDAQ:FAST) was reiterated as Buy with a 64 price target at Argus, with the firm noting that it expects positive momentum to continue and that the 3 recent dividend hikes signal confidence in its outlook.
Fiserv Inc. (NASDAQ:FISV) was raised to Outperform from Perform with an 88 price target at Oppenheimer.
Valero Energy Corp. (NYSE:VLO) was raised to Outperform from Neutral at Macquarie.
Have a terrific week.