$AAPL, $CHL, $FB, $FEYE, $SAVE, $WY
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:
Apple Inc. (NASDAQ:AAPL) was raised to Buy from Neutral at Merrill Lynch, which raised its price objective to 210 from 180 in the call. Merrill Lynch sees the risk/reward and valuation as favorable and is now Bullish over inventory reductions and order cuts stabilizing, better China services, a revision overshoot on estimates, increased services penetration, competitor pricing, a loyal user base and strong cash flows.
China Mobile Ltd. (NYSE:CHL) was raised to Buy from Hold at Jefferies.
Facebook Inc. (NASDAQ:FB) raised to Buy from Neutral and the price target was raised to 215 from 175 at Nomura/Instinet. The shares trade in a 52-wk range of 123.02 – 218.62 and a consensus target price at 195.52.
FireEye Inc. (NASDAQ:FEYE) was raised to Overweight from Neutral with a 20 price target at JPMorgan, with the firm talking about strong billings and conservative guidance understating growth upside. The consensus target price is 20.30, and the 52-wk trading range is 14.20 – 20.61.
Spirit Airlines Inc. (NYSE:SAVE) was raised to Overweight from Equal Weight with a 70 target price at Barclays. The consensus target price is 76.06. The 52-wk trading range is 34.36 – 65.35.
Weyerhaeuser Co. (NYSE:WY) was raised to Outperform from Market Perform with a 32 target price at BMO Capital Markets.
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