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.

  AAPL, analysts, buy, heffx, JD, MAR, market, MU, outlook, report, research, sell, street, Wall, WDC

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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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