$BABA, $TACO, $DIN, $FB, $NOC, $RTN, $X
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:
Alibaba Group Holding Ltd. (NYSE:BABA) was reiterated as Buy at Argus with a 190 price target after its earnings topped estimates. The firm noted that while some trade-related discount is warranted, Alibaba’s China and Asian focus means it has been very oversold.
Del Taco Restaurants Inc. (NASDAQ:TACO) was maintained as Outperform with a 15 target price at Wedbush, but the firm removed the restaurant chain from its Best Ideas List.
Dine Brands Global Inc. (NYSE:DIN) was started with an Outperform rating and assigned a 120 price target at Wedbush, which noted that channel checks show upside at both Applebee’s and IHOP.
Facebook Inc. (NASDAQ:FB) analysts reiterated FB as Buy with a 206 target price at Argus, which noted that it leads the social media despite all the negative press and concerns brought up in Y 2008. Facebook shares have a 52-wk trading range of 123.02 – 218.62.
Northrop Grumman Corp. (NYSE:NOC) was reiterated as Buy at Argus, with the firm noting that the recent share price pullback offers a buying opportunity as shares are down about 24% from their highs. The stock’s consensus price target is 317.05.
Raytheon Co. (NYSE:RTN) was reiterated as Buy with a 200 price target at Argus, with the firm noting that the defense player is on sale, with its shares down about 28% from its highs. The consensus target price is 207.89.
United States Steel Corp. (NYSE:X) was reiterated as Buy at Argus, but the firm did lower its price target to 30 from 40. US Steel has a consensus target price of 30.88.
Have a terrific week.
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