$AAPL, $AVGO, $DUK, $EIX, $LPX, $NEE
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 Monday follows:
Apple Inc. (NASDAQ:AAPL) was maintained as Outperform with a 235 target price at Wedbush Securities. The firm noted that China will be the big focus in the weeks ahead and that so far it thinks the June quarter has been tracking in line with expectations around China iPhone demand after a modest rebound from softness seen in the December/March Quarters.
Wedbush’s Daniel Ives also said of China: We believe the stock is currently reflecting and baking in a longer term risk to numbers over the next few years that a dent in the China growth story (e.g. pro Huawei sentiment, etc.) and supply chain tariff driven disruptions are on the horizon which could materially impact the company’s earnings power by 10%-15% over the next few years.
Broadcom Inc. (NASDAQ:AVGO) was maintained as Equal Weight but the target price was lowered to 250 from 262 at Morgan Stanley. KeyBanc Capital Markets maintained its Overweight rating but lowered its target to 310 from 350. Broadcom had a $316.61 consensus target price ahead of the earnings news.
Duke Energy Corp. (NYSE:DUK) was maintained as Equal Weight but the price target was raised to 100 from 96 at Morgan Stanley.
Edison International (NYSE:EIX) was reiterated as Equal Weight but the price target was raised to 87 from 84 at Morgan Stanley.
Louisiana-Pacific Corp. (NYSE:LPX) was raised to Outperform from Market Perform and the target price was raised to $28 from $26 at BMO Capital Markets.
NextEra Energy Inc. (NYSE:NEE) was reiterated as Overweight and the target price was raised to 207 from 194 at Morgan Stanley.
Have a terrific week
Latest posts by Paul Ebeling (see all)
- Stock Traders Bet Fed Will Cut Rates - October 20, 2019
- Mexico Is Paying for President Trump’s Wall (in Part) - October 20, 2019
- The 5 Safest Cities in the World - October 13, 2019