$AIG, $AAPL, $SCHW, $CIEN, $SMAR, $AMTD
Below is a list of stocks analysts have singled out to look at carefully Thursday, as follows;
American International Group Inc. (NYSE:AIG) was reiterated as Overweight and the price target was raised to $67 from $65 at Barclays. AIG shares closed down 2.4% at $54.37, and they had a $59.69 consensus price target ahead of this call.
Apple Inc. (NASDAQ:AAPL) was reiterated as Outperform with the same 246 price target at Wedbush Securities. This call was based on the fact that suppliers already are getting slight revisions higher to forecasts for the new iPhone 11.
Charles Schwab Corp. (NYSE:SCHW) JPMorgan maintained its Overweight rating on the shares but cut its target to 44 from 48.
Ciena Corp. (NASDAQ:CIEN) was reiterated as Buy but the target price was cut to 43 from 47 at Nomura/Instinet. Ciena trades a 52-wk range of 28.23 to 46.78 and a consensus target price at 50.39.
Smartsheet Inc. (NYSE:SMAR) was reiterated as Outperform with a 62 price target at Wedbush. Canaccord Genuity maintained its Buy rating but lowered its target price to $45 from 53.
TD Ameritrade Holding Corp. (NASDAQ:AMTD), which has the most exposure to commission trading, was down almost 26% at 34.67 on about 15X normal volume on Schwab’s Zero-commission trading announcement. Barclays downgraded it to Underweight from Overweight and cut the price target to 31 from 57.
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