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 Friday follows:
Atlassian Corp. PLC (NASDAQ:TEAM) was reiterated as Overweight and the target price was raised to 142 from 121 at KeyBanc Capital Markets.
CenterPoint Energy Inc. (NYSE:CNP) was raised to Buy from Neutral at Merrill Lynch.
Dominion Energy Inc. (NYSE:D) was raised to Neutral from Underperform at Merrill Lynch.
Concert Pharmaceuticals Inc. (NASDAQ:CNCE) was raised to Buy from Neutral and the fair value was raised to 16 from 14 at Janney. The upgrade was based on the company announcing positive Phase 1 SAD/MAD data of CTP-692 (deuterated D-serine) as an adjunctive treatment to antipsychotics for schizophrenia and that it was well-tolerated with no signs of renal toxicity.
Lennar Corp. (NYSE:LEN) was raised to Outperform from Neutral and the price target was raised to 62 from 50 at Wedbush. The call noted mortgage rates near 2-year lows, housing sectors rebounding and continuing demand for affordable housing by multiple demographic groups as reasons why investors should be willing to pay a higher multiple for home-builder earnings.
Lululemon Athletica Inc. (NASDAQ:LULU) Morgan Stanley maintained it at Equal Weight but raised the price target to 163 from 160. RBC Capital Markets raised its target price to 200 from 190.
Lyft Inc. (NASDAQ:LYFT) was started as Outperform and assigned a $75 price target at Evercore ISI. Shares closed at 61.21, in a post-IPO range of 47.17 to 88.60 and with a consensus target price at 72.79.
Uber Technologies Inc. (NYSE:UBER) was started as Outperform and assigned a 60 price target at Evercore ISI. Shares closed at 44.31 in a post-IPO range of 36.08 to 45.75 and with a consensus target price at 53.33.
Walt Disney Co. (NYSE:DIS) was reiterated as Overweight and the target price was raised to 160 from 135 at Morgan Stanley. Shares trade in a 52-wk range of 100.35 – 142.37 and with a consensus target price at 149.26.
Have a terrific weekend.