$ALK, $BIDU, $BK, $CHWY, $SPLK, $TSLA
Below is a list of stocks analysts have singled out to look at carefully Tuesday, as follows:
Alaska Air Group Inc. (NYSE:ALK) was reiterated as Overweight and the target price was raised to 80 from 76 at Morgan Stanley.
Baidu Inc. (NASDAQ:BIDU) was raised to Outperform from Perform and it was given a 145 target price at Oppenheimer. Baidu has seen multiple analyst upgrades and target price hikes in recent days.
Bank of New York Mellon Corp. (NYSE:BK) was upgraded to Buy from Neutral and its target was raised to 55 from 46 at UBS, with the firm talking up how interest rates have normalized and that will stabilize its net interest income in custodial assets at the same time it focuses on its costs.
Chewy Inc. (NYSE:CHWY) was started with an Outperform rating Credit Suisse. The firm sees the online retailer of pet products as well-positioned in an already strong pet care industry. Shares have a consensus target price at 36.80.
Splunk Inc. (NASDAQ:SPLK) was reiterated as Outperform with a 153 target price (at Wedbush. The firm was positive into its report, citing recent product launches, price changes that are viewed as win-win for it and customers, and ongoing market leadership with its data-to-everything platform.
Tesla Inc. (NASDAQ:TSLA) was reiterated as Buy and the target price was raised to 400 from 300 at Jefferies, with the firm saying that its gross margin levels are consistent to generate sustained profitability.
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