The Street’s Key Stock Analysts Research Reports
$AMD, $AKCA, $APA, $CL, $FDX, $GFI, $MRVL, $MU
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 Wednesday, as follows
Advanced Micro Devices Inc. (NASDAQ:AMD) saw its price target raised to 36 from 20 at Mizuho. AMD has a 52-wk trading range of 9.04 – 34.14 and a consensus price target of 19.64.
Akcea Therapeutics Inc. (NASDAQ:AKCA) analysts started as Buy and assigned a 45 price target at Needham. Its 52-wk trading range is 15.20 – 40.75.
Apache Corp. (NYSE:APA) was started as Overweight and assigned a 52 price target at Stephens. Apache has a 52-wk trading range of 33.60 – 49.59 and a consensus price target at 49.02.
Colgate-Palmolive Co. (NYSE:CL) analysts reiterated as Buy and the price target was raised to 75 from 72 at Argus. The stock has a 52-week range of 61.28 – 77.91 and a consensus price target at 69.11.
FedEx Corp. (NYSE:FDX) Morgan Stanley analysts maintained it as Equal Weight and cut the target price to 242 from 245. The 52-wk trading range is 214.17 – 274.66.
Gold Fields Ltd. (NYSE:GFI) was raised to Outperform from Sector Perform at RBC Capital Markets, and its implied upside in South African rand went from 25% to 45% after converting from Tuesday’s closing prices. Gold Fields traded in a 52-wk range of 2.20 to 4.54 and with a consensus target price at 4.05.
Marvell Technology Group Ltd. (NASDAQ:MRVL) Analysts started with a Buy rating and assigned a price target of 23 at Goldman Sachs. The stock trades in a 52-wk range of 17.49 – 25.18 and a consensus analyst price target at 27.45.
Micron Technology Inc. (NASDAQ:MU): Analysts reiterated MU Overweight and with an $84 price target at JPMorgan, with the firm noting that recent concerns about pricing, supply and demand pressures in late Y 2018 into 2019 are overblown. Cowen called its earnings sentiment dreadful and lowered its target price to 62 from 72, even though it thinks lower guidance should already be priced into the shares. The stock has a 52-wk range of 34.09 – 64.66 and a consensus price target at 83.60.