$BABA, $BIG, $DOW, $SINA, $TCDA
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) was added to the Select List at Stifel, which kept its Buy rating intact and posted a 220 price target. That compares to the consensus target on Wall Street of 208.69. The stock was last seen Tuesday at 154.81.
Big Lots Inc. (NYSE:BIG): Analysts downgraded BIG to Neutral from Overweight at Piper Jaffray, which also lowered the price target to 31. That compares to a consensus price target of 39.91. The stock closed Tuesday at 26.97, down 6.86% on the day.
Dow Inc. (NYSE:DOW) was raised to Neutral from Underperform at JPMorgan, and the analyst left the price target for the stock unchanged at 49. That compares with a much higher consensus target at 61.48.
Sina Corp. (NASDAQ:SINA) was downgraded to Neutral from Outperform at Macquarie. The stock has traded in a 52-wk range of 40.34 – 96.71. The consensus price target is at 80.71.
Tricida Inc. (NASDAQ:TCDA): analysts started TCDA with a Buy rating and a 50 price objective at Needham. The consensus target is 54.