$BA, $MLCO, $NEE, $PG, $SNAP
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 follows:
Boeing Co. (NYSE:BA) was downgraded to Neutral from Buy at Merrill Lynch with a 420 price target after the announced production cuts, with the firm noting that what was expected to be a 3-6 month issue is now more likely to be 6-9 months.
Melco Resorts & Entertainment Ltd. (NASDAQ:MLCO) was started with an Outperform rating and assigned a 29 target price at Macquarie. The consensus target price is at 26.46.
NextEra Energy Inc. (NYSE:NEE) was maintained as Buy at Goldman Sachs with a 194 price target, but the firm removed NextEra from its prized Conviction Buy list.
Procter & Gamble Co. (NYSE:PG) was raised to Outperform from Market Perform at Wells Fargo. The consensus target price is at 98.69.
Snap Inc. (NYSE:SNAP) was raised to Outperform from Sector Perform and the price target was raised to 17 from 10 at RBC Capital Markets. Snap’s consensus analyst target price was just 8.85 ahead of the call, and this took target is a new street-high with the prior high analyst target being 15.00. Snap’s 52-wk trading range is 4.82 – 15.96.