The Street’s Key Stock Analysts Research Reports
$AMZN, $CIEN, $DXCM, $EBAY, $HD, $LII, $LOW, $NXPI, $RH
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 Wednesday, as follows:
Amazon.com Inc. (NASDAQ:AMZN) analysts reiterated as Outperform with a 2,100 target price at Wedbush Securities. The call is ahead of this Thursday’s earnings report, and Wedbush expects that Amazon will guide below the Street for Q-4, as it opts for conservatism.
Ciena Corp. (NASDAQ:CIEN) was started with a Buy rating and assigned a 35 price target at Stifel. The consensus target price was 34.25 ahead of this call.
DexCom Inc. (NASDAQ:DXCM) was reiterated as Outperform and the target price was raised to 150 from 125 at Raymond James.
eBay Inc. (NASDAQ:EBAY) was maintained as Outperform at Robert W. Baird, but the firm slashed its price target to 34 from 46. RBC Capital Markets also downgraded it to Sector Perform from Outperform.
Home Depot Inc. (NYSE:HD) analysts maintained as Overweight but the price target was cut to 200 from 225 at Morgan Stanley.
Lennox International Inc. (NYSE:LII) was maintained as Underweight but the price target was cut to 183 from 201 at Morgan Stanley.
Lowe’s Companies Inc. (NYSE:LOW) was maintained as Overweight but the price target was cut to 110 from 125 at Morgan Stanley. Citigroup raised Lowe’s to Buy from Neutral with a 112 price target.
Microsoft Corp. (NASDAQMSFT) analysts reiterated as Outperform with a 140 price target at Wedbush ahead of Wednesday’s earnings report. The firm sees earnings being beat, with another strong Quarter from its cloud operations.
NXP Semiconductors N.V. (NASDAQ::NXPI) was raised to Overweight from Equal Weight and the price target was lowered to 95 from 105 at Barclays.
RH (NYSE:RH) was started with an Outperform rating and assigned a 145 price target at Wedbush. The firm said it was in a class by itself and that it is thriving by attracting in-store shoppers with upscale furniture displays, hospitality options and free design services. The 52-wk trading range is 74.50 – 164.49, and the consensus target price is at 157.53.
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