$AVLX, $BAC, $PINS, $TWLO, $USM, $XLNX
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:
Anavex Life Science Corp. (NASDAQ:AVXL) was started as Buy and was assigned a 10 price target at Janney. The firm noted that its Sigma-1 receptor could become a master regulator in neurological disorders. The lead product candidate ANAVEX 2-73 is in four clinical studies for 3 indications: Alzheimer’s, Parkinson’s disease dementia, and Rett syndrome. The firm thinks it could represent a differentiated approach in a space that has seen repeated failures in clinical development.
Bank of America Corporation (NYSE:BAC) was raised to Outperform from Market Perform with a 37 price target at BMO Capital Markets. Bank of America has a 52-wk trading range of 22.66 – 31.91 and a consensus analyst target price at 33.50.
Pinterest Inc. (NYSE:PINS) was started as Outperform and was assigned a 33 price target at Wedbush Securities. The social media platform is said to have high commercial intent, and the analyst sees Pinterest as fundamentally different than other social media platforms where users typically come to share news and experiences with friends/global community because users come to the site for discovery and idea generation and are often in various stages of the commercial intent funnel. The firm expects 43% revenue growth to $1.1-B in Y 2019 and 37% revenue growth to $1.5-B in Y 2020.
Twilio Inc. (NYSE:TWLO) was started as Buy and was assigned a 165 target price at Needham & Co. Twilio has a consensus analyst target price at 146.59 and a 52-wk trading range of 53.17 – 148.80.
United States Cellular Corporation (NYSE:USM) was raised to Overweight from Equal Weight at Morgan Stanley. It has a 52.60 consensus analyst target price. US Celluar tradnes in a 52-wk range of 32.33 – 59.74 and a $3.8-B market cap.
Xilinx, Inc. (NASDAQ:XLNX) was maintained as Overweight at KeyBanc Capital Markets, but the price target was cut to 130 from 145 in the call. Xilinx trades in a 52-wk range of 64.15 – 141.60.