$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.
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