The Street’s Key Stock Analysts Research Reports
$ACN, $BCOR, $CCL, $INTU, $LOW, $MYOK, $TDOC, $TSLA
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 Monday, as follows:
Accenture PLC (NYSE:ACN) analysts reiterated as Buy at Argus, and the independent research firm raised its target price to 200 from 175. The firm noted Accenture is highly conservative in its guidance and that its customers have continued to engage the company to help it in its digital transformation. The stock has a 52-wk trading range of 133.66 – 175.64.
Blucora Inc. (NASDAQ:BCOR) was upgraded to Overweight from Neutral and the price target was raised to 45 from 42 at JPMorgan. The 52-week range is 19.05 – 40.60, and the consensus target price is at 43.33.
Carnival Corp. (NYSE:CCL) analysts maintained as Buy but the price target was cut to 76 from 78 at Stifel. Credit Suisse maintained its Outperform rating, noting that it sees a great buying opportunity on weakness.
Intuit Inc. (NASDAQ:INTU) was reiterated as Outperform and the price target was raised to 250 from 230 at Credit Suisse. The firm came away from the investor day more confident in its long-term growth and margin potential. The consensus analyst target is 215.29, and the 52-wk high is 229.86.
Lowe’s Companies Inc. (NYSE:LOW) was raised to Buy from Hold with a 138 price target at SunTrust Robinson Humphrey. Also, Telsey Advisory reiterated its Outperform rating and raised its target to 126 from 123.
Myokardia Inc. (NASDAQ:MYOK) analysts started with a Buy rating and assigned a 90 price target at Citigroup. It has a 52-wk range of 32.80 – 67.45 and had a consensus target price of 72.67.
Teledoc Health Inc. (NYSE:TDOC) was reiterated as Overweight and the price target was raised to 94 from 90 at KeyBanc Capital Markets.
Tesla Inc. (NASDAQ:TSLA): The 52-wk trading range is 244.59 – 387.46. Citigroup downgraded Tesla to Sell from Neutral and slashed its target price to 225 from 356. JPMorgan has an Underweight rating and 195 price target, and there is now talk of Key man risk in that call. With possible criminal charges against CEO Elon Musk related to the ‘420’ buyout tweet.
Have a terrific week.