The Street’s Key Stock Analysts Research Reports and More… Dow 28,000 Can Rapidly Become Dow 30,000 and Even Higher in 2020

The Street’s Key Stock Analysts Research Reports and More… Dow 28,000 Can Rapidly Become Dow 30,000 and Even Higher in 2020

$AMAT, $BAC, $C, $JPM, $OC, $WY

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 Tuesday, as follows:

Applied Materials Inc. (NASDAQ:AMAT) Argus joined other analysts by reiterating its Buy rating and raising its target price to $72.

Bank of America Corp. (NYSE:BAC) was reiterated as Overweight and the target price was raised to 38 from 35 (versus a $32.93 prior at Morgan Stanley.

Citigroup Inc. (NYSE:C) was reiterated as Overweight and the target price was raised to 90 from at Morgan Stanley.

JPMorgan Chase & Co. (NYSE:JPM) was reiterated as Overweight and the target price was raised to 141 from 138 at Morgan Stanley.

Owens Corning (NYSE: OC) was raised to Outperform from Market Perform with a $77 target price (versus a $65.15 close) at Wells Fargo.

Weyerhaeuser Co. (NYSE:WY) was reiterated as Buy and its target price was raised to 32 from 27 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…

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH