The Street’s Key Stock Analysts Research Reports
$ADBE, $ANGI, $GLW, $DHI, $GRUB, $KR, $MU, $VFC, $YELP
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 Monday, as follows:
Adobe Systems Inc. (NASDAQ:ADBE) Citigroup analysts reiterated the firm’s Buy rating and raised its target to 325 from 275. KeyBanc reiterated its Overweight rating and raised its target to 286 from 276. Stifel reiterated its Buy rating and raised its target to 325 from 275, and Credit Suisse reiterated its Outperform rating and raised its target to 300 from 275.
ANGI Homeservices Inc. (NASDAQ:ANGI) analysts started as Outperform and the price target was set at 26 at Wedbush Securities. The firm noted that the HomeAdvisor and Angie’s List combination has created a company with strong leadership and unmatched scale in a market highlighted with strong structural tailwinds.
Corning Inc. (NYSE:GLW) was raised to Buy from Neutral and the price target was raised to 40 from 32 at Citigroup. The consensus target price is at 35.72.
DR Horton (NYSE:DHI) analysts reiterated as Outperform but was added to the Best Ideas List at Wedbush. The firm noted that DR Horton has expanded its product lines into the luxury Emerald line, the entry-level Express brand, and active-adult brand Freedom Homes, while it has also maintained a core focus on entry-level to move-up housing with the DR Horton brand of homes.
GrubHub Inc. (NYSE:GRUB) was started as Outperform and assigned a 180 price target at Wedbush. It also was added to the Wedbush Best Ideas List and is a top pick in its coverage, noting that it is a 13-B company dominating a $250-B market that is barely penetrated today.
Kroger Co. (NYSE:KR) analysts maintained as Outperform but the price target was cut to 32 from 33 at Credit Suisse. The consensus target price is at 30.68.
Micron Technology Inc. (NASDAQ:MU) was maintained as Outperform but the price target was cut to 70 from 80 at Macquarie. The consensus analyst target is 83.60, but analysts have started trimming targets more aggressively in the chip space lately.
VF Corp. (NYSE:VFC) was raised to Outperform from Market Perform with a 106 price target at Cowen.
Yelp Inc. (NYSE:YELP) was added to the Best Ideas List at Wedbush, as the firm believes the business model changes being implemented will help accelerate growth that is not currently reflected in investor sentiment or valuation.
Have a terrific week
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