The Street’s Key Stock Analysts Research Reports
$ADBE, $AA, $BSTI, $BCO, $CVX, $FCAU, $GM, $IMMR, $RBS, $TERP, $TIF
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 main issues for Thursday, as follows:
Adobe Systems Inc. (NASDAQ:ADBE) analysts reiterated as Buy and its price objective was raised to 300 from 292 at Merrill Lynch. The firm expects that Adobe will have $18 in EPS and $20-B in revenues within 5 years.
Alcoa Corp. (NYSE:AA) was raised to Buy from Neutral with a 50 price target at B. Riley. The stock has a consensus target price of 59.17.
BEST Inc. (NASDAQ:BSTI) analysts raised to Outperform from Neutral with a price target of 8.00 at Macquarie.
Brinks Co. (NYSE:BCO) was started with a new Buy rating and assigned a 90 price target at Berenberg.
Chevron Corp. (NYSE:CVX) was raised to Buy from Hold at HSBC. The 52-wk trading range is 108.02 to 133.88, and the consensus target price is at 147.12.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was raised to Outperform from Neutral at BNP Paribas.
General Motors Co. (NYSE:GM) was reiterated as Buy and with a 60 price objective at Merrill Lynch. GM was said to be the best positioned of the US automakers.
Immersion Corp. (NASDAQ:IMMR) was raised to Buy from Neutral with a 15 target price at Craig-Hallum.
Royal Bank of Scotland Group PLC (NYSE:RBS) was raised to Buy from Neutral at Goldman Sachs. The firm sees better medium-term cash returns and sees it at a discount to Lloyds despite having resolved many legacy issues. RBS saw its American depository shares trade in 52-wk range of 6.13 – 8.74.
TerraForm Power Inc. (NASDAQ:TERP) was raised to Neutral from Sell with an 11 price target at Goldman Sachs. The 52-wk trading range is 9.90 – 14.20, and the consensus target price is at 13.00.
Tiffany & Co. (NYSE:TIF) analysts raised TIF to Outperform from Perform and assigned a 152 price target at Oppenheimer.