$SBUX, $MCD, $DPZ, $QSR, $CCS, $LEN, $BZH, $TMHC
Below are the special Y 2020 reports from 2 Key analysts outlooks for the New Year, as follows:
RBC Capital Markets issued new Outperform ratings in the food services and restaurant business.
These include Starbucks Corp. (NASDAQ:SBUX), with a 97 target; McDonald’s Corp. (NYSE:MCD), with a 218 target; Domino’s Pizza Inc. (NYSE: DPZ), with a 337 target; and Restaurant Brands International Inc. (NYSE: QSR), with a 77 target. Also, Brinker, Chipotle, Dunkin’, Wendy’s and Yum Brands were all started with Sector Perform ratings in the new RBC coverage.
Wedbush has a cautious view of many homebuilders for Y 2020, after noting that there will be tougher comps in the second half of the year, while it actually sees the near-term setup looking enticing.
The firm would maintain current holdings in the homebuilders and look to initiate new positions in names that have pulled back from recent highs.
The firm’s Outperform names that fit that bill include Century Communities Inc. (NYSE:CCS), Lennar Corp. (NYSE:LEN), Beazer Homes USA Inc. (NYSE: BZH) and Taylor Morrison Home Corp. (NYSE:TMHC).