$BABA, $GWPH, $NSC, $PLNT, $ROKU, $VECO
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 follows:
Alibaba Group Holding Ltd. (NYSE:BABA) KeyBanc Capital Markets reiterated the stock as Overweight and raised the target price to 240 from 210.
GW Pharmaceuticals PLC (NASDAQ:GWPH) was reiterated as Overweight and the price target was raised to 215 from 180 at JPMorgan. Oppenheimer also raised it to Outperform from Perform with a 234 price target. The stock finished up at 184.59 Tuesday after its sales were shown to have risen by more than 1,000% to just over $39-M. The prior consensus target price was close to 190, ahead of the news and update Tuesday.
Lululemon Athletica Inc. (NASDAQ:LULU) was raised to Neutral from Underperform at Macquarie. It closed down 0.5% at 117.69, and it has a consensus target price of 186.08. Lululemon has a 52-wk trading range of 96.79 – 179.50.
Norfolk Southern Corp. (NYSE:NSC) was reiterated as Buy and the price target was raised to 220 from 210 at Argus. The firm raised earnings estimates and sees that the management team has accelerated an aggressive restructuring program that is lowering costs and improving profitability.
Planet Fitness Inc. (NYSE:PLNT) was raised to Outperform from Neutral at Macquarie. The consensus target price is 77.33. The 52-week trading range is 36.72 – 77.34.
Roku Inc. (NASDAQ:ROKU): analysts started ROKU with an Overweight rating and assigned an 84 target price at Stephens. The consensus target price is 68.23, and the 52-wk trading range is 26.30 – 77.57.
Veeco Instruments Inc. (NASDAQ:VECO) was raised to Buy from Hold at Benchmark. The consensus target price is 14.75, and the 52-wk trading range is 6.27 – 19.50.
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