The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports

$AVGO, $CALA, $CRL, $ET, $F, $VTR

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 Wednesday, as follows:

Broadcom Inc. (NASDAQ:AVGO) was raised to Overweight from Equal Weight and the target price was raised to 367 from 298 at Morgan Stanley.

Calithera Biosciences Inc. (NASDAQ:CALA) was started as Buy and assigned a 7 target price at HC Wainwright.

Charles River Laboratories International Inc. (NYSE:CRL) was reiterated with a Buy rating and a 170 target price at Argus.

Energy Transfer L.P. (NYSE:ET) was maintained with a Buy rating but the price target was lowered to 18 from 20 at Citigroup.

Ford Motor Co. (NYSE:)F was reiterated as Outperform at Credit Suisse, with the firm saying it walked away from the unveiling of the Mach-E Mustang-inspired SUV/crossover solidly impressed but wants to wait and see how volumes will go and whether it will succeed against Tesla.

Intel Corp. (NASDAQ:INTC) was reiterated as Buy and the price target was raised to 64 from 60 at Mizuho. Intel has a consensus target price at 56.53.

Ventas Inc. (NYSE:VTR) was raised to Buy from Hold with a 67 target price at Argus.

More

Credit Suisse is out with its Y 2020 outlook efforts, calling for earnings per share to improve and for price-to-earnings ratios to expand. The firm is initiating its 2020 S&P 500 price target of 3,425, which represents 9.8% upside from current marks and is based on an per-share earnings of $164.50 in 2019 (reduced from $166.50) and $173 per share in 2020 (reduced from $176) and imply earnings per share growth of 5.2% next year (from just 1% in 2019). The firm projects that the forward multiple will expand to 18.9 times by year-end 2020 from 18.1 times currently. Several assumptions are key to its 2020 outlook:

1) revenues to advance in-line with nominal GDP;
2) margin headwinds to be substantially less onerous;
3) buybacks to remain abundant;
4) reversal of decelerating economics to support multiple expansion.

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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