The Street’s Key Stock Analysts Research Reports

$AMAT, $FCX, $JEC, $MCD, $SCCO

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 Wednesday as follows:

Applied Materials Inc. (NASDAQ:AMAT): Analysts reiterated AMAT as Buy with a 50 target price at Argus, with the firm noting that the post-earnings reaction made the shares take a hit by weak sales forecast. It has a 52-wk trading range of 28.79 – 62.40 and a consensus price target at 48.38.

Freeport-McMoRan Inc. (NYSE:FCX): Analysts raised FCX to Buy from Neutral and the target price was raised to 16 from 14 at Citigroup. It has a 52-wk trading range of 9.60 – 19.74, and a consensus price target at 14.19.

Jacobs Engineering Group Inc. (NYSE:JEC) was reiterated as Buy with an 84 target price at Argus. It has a 52-wk trading range of 55.17 – 82.24, and a consensus price target at 80.13.

McDonald’s Corp. (NYSE:MCD) was raised to Overweight from Equal Weight and the price target was raised to 200 from 180 at Stephens.

Southern Copper Corp. (NYSE:SCCO) was raised to Buy from Sell at Citigroup. Shares closed up 3.3% at 32.50 ahead of this call, with a prior consensus target price of 35.07 and a 52-wk trading range of 29.01 – 58.09.

Stay tuned…

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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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