The Street’s Key Stock Analysts Research Reports


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 Tuesday, as follows:

Apple Inc. (NASDAQ:AAPL) was indicated higher after JPMorgan raised its target price to 265 from 242 and reiterated its Overweight rating, based on higher iPhone 11 sales. Apple pre-call had a prior consensus target price of 226.48.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) was raised to Outperform from Neutral with a 16 target price at Wedbush Securities. The firm is calling it as being a deep value stock with a catalyst from a good chance of stabilization in the next 2 years’ worth of earnings as sweeping changes take hold and resetting its cost structure with an initial 7% reduction of corporate staff and a plan to cut inventories by $1-B. We are not so optimistic.

Cigna Corp. (NYSE:CI) was raised to Outperform from Market Perform at BMO Capital Markets. Shares have a consensus target price at 214.36.

Deere & Co. (NYSE:DE) was reiterated as Outperform and its target price was raised to 176 from 161 at Robert W. Baird. Deere’s prior consensus target price was at 168.26.

Emerson Electric Co. (NYSE:EMR) was raised to Outperform from Sector Perform and the target price was raised to 77 from 65 at RBC Capital Markets. There is activist pressure to break up the company.

Gap Inc. (NYSE:GPS) was maintained as Market Perform, but the target was cut to 20 from 24 at Wells Fargo. The consensus target price was at 19.79 prior to the call.

PNM Resources Inc. (NYSE:PNM) was raised to Buy from Neutral at Merrill Lynch. Its pre-call consensus target price was 49.67.

RealReal Inc. (NASDAQ:REAL) was reiterated as Outperform and the target price was raised to 23 from 20 at Wells Fargo

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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