The Street’s Key Stock Analysts Research Reports

$AA, $AAPL, $ELY, $GME, $NEM, $RH

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 stocks analysts have singled out to look at carefully Thursday, as follows:

Alcoa Inc. (NYSE:AA) was raised to Outperform from Neutral and the price target was raised to 27 from 26 at Credit Suisse. Its prior consensus target price was at 28.58.

Apple Inc. (NASDAQ:AAPL) was reiterated with a 245 price target and Outperform rating at Wedbush Securities on the heels of the iPhone 11 launch and release of new products from the prior day. Merrill Lynch reiterated its Buy rating and raised its price objective to 250 from 240. Needham reiterated its Buy rating and raised its target to 250 from 225.

Callaway Golf Co. (NYSE:ELY) was raised to Outperform from Market Perform at Raymond James, with the firm talking up its stake in TopGolf driving growth as it plans to take its 50 locations up to 130 in the coming years.

GameStop Corp. (NYSE:GME) Wedbush maintained its Outperform rating and 8 target price based on cost cuts, buybacks and the upcoming console refresh cycle next year. Benchmark reiterated its Sell rating and lowered its price target to 3 from 5.

Newmont Goldcorp Corp. (NYSE:NEM) was raised to Outperform from Market Perform and its target price was raised to 50 from 45 at BMO Capital Markets. It has a consensus target price at 45.86.

RH (NYSE:RH), aka Restoration Hardware. Stifel reiterated its Buy rating and raised its target to 196 from 153, and Wells Fargo reiterated its Outperform rating and raised its target to 175 from 150. Merrill Lynch reiterated its Buy rating and raised its price objective to 175 from 165. Wedbush reiterated its Outperform rating and raised its target to 170 from 160.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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