The Street’s Key Stock Analysts Research Reports
$AAPL, $JD, $MAR, $MU, $WDC
The US financial markets will close early Friday (1:00p ET), and investors will not receive any notable economic data for the rest of the week.
- Barclays set a 3,000 target for the S&P 500 (SPY) for Y 2019
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 Key issues for Friday as follows:
Apple Inc. (NASDAQ:AAPL) was maintained as Neutral and saw its price target cut to 182 from 209 at Goldman Sachs, with the firm noting weakness in China and a less than stellar reception to the iPhone XR pricing. Another day, another Apple downgrade based on the same information as the prior 4 analyst cuts that took the shares lower. Apple is now in Bear market territory.
JD.com, Inc. (NASDAQ:JD) was downgraded to Neutral from Buy and the target price was lowered to 24 from 41 at Nomura/Instinet. JD.com was also downgraded to Neutral from Outperform and the price target was cut to 24 from 35 at Macquarie.
Marriott International, Inc. (NYSE:MAR) was downgraded to Hold from Buy at Argus.
Micron Technology Inc. (NASDAQ:MU) was downgraded in a 2-notch cut at Robert W. Baird, down to Underperform from Outperform and slashing the price target down to 32 from 75. Micron has a 52-wk low of $33.82 and Vs a 52-wk high of 64.66. This call fells a month or more late based on other calls, but that’s life.
Western Digital Corporation (NASDAQ:WDC) was downgraded to Neutral from Positive at Susquehanna. Western Digital had a consensus analyst target price of 72.20 that still looks artificially high to us, and its 52-wk trading range is 40.58 – 106.96.
Have a terrific weekend.