$CARS, $CNP, $LYFT, $TJX, $UBER, $V
The US financial markets have a shortened day Wednesday and are closed all day Thursday for Independence Day observance, the markets reopen Friday.
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:
Cars.com Inc. (NYSE:CARS) was raised to Buy from Neutral at Citigroup. The stock was up almost 3% Tuesday, and it had a consensus target price of 27.31 and a 52-wk trading range of 19.81 – 20.36.
CenterPoint Energy Inc. (NYSE:CNP): Analysts already rated CNP a Buy at Goldman Sachs, but the firm added it to the prized Conviction Buy list with a 32 price target at Goldman Sachs.
Lyft Inc. (NASDAQ:LYFT) was reiterated as Buy at Stifel, and the firm raised its target price to 76 from 70 as its 62.00 share price is 10 lower than the IPO price.
TJX Companies Inc. (NYSE:TJX) was reiterated as Buy with a 62 price target at Argus. The independent research firm noted that TJX has exceptional financial strength, cost efficiencies and an ability to deliver value-priced merchandise in an increasingly competitive retail environment.
Uber Technologies Inc. (NYSE:UBER) was started with a Hold rating and a 50 target at Stifel, with the firm noting that it will be a long road to profitability.
Visa Inc. (NYSE:V) was reiterated as Outperform with a 187 target price at Wedbush Securities. Visa has a consensus target price of 182.14. Wedbush believes that Facebook’s Libra is an unlikely disruptor.
Have a terrific 4th of July Holiday.
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