The Street’s Key Stock Analysts Research Reports

$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.

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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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