$BLMN, $MRVL, $MEIP, $PPL, $UNFI, $WSM
Below is our list for Monday, 1 June, as follows:
Bloomin’ Brands Inc. (NASDAQ:BLMN) was raised to Buy from Hold and the price target was raised to 16 from 12 at Jefferies.
Marvell Technology Group Ltd. (NASDAQ:MRVL) was reiterated as Buy and its price target was raised to 34 from 28 at Needham. Morgan Stanley reiterated it as Equal Weight and raised its price target to 33 from 25. B Riley FBR reiterated its Buy rating and raised its price target from 34 to 38.
MEI Pharma Inc. (NASDAQ:MEIP) was started with a Buy rating and a 16 price target SunTrust Robinson Humphrey. As this is an exponential upside call, the firm sees it having a best-in-class PI3Kδ inhibitor, which has demonstrated strong risk-benefit profile in Phase 1 lymphoma trials.
PPL Corp. (NYSE:PPL) was raised to Buy from Neutral with a 30 price target at Mizuho.
United Natural Foods Inc. (NYSE:UNFI): distribution to grocery stores is a hot business in a lockdown environment. Shares recently closed at 18.15, with a consensus price target of 10.50.
Williams-Sonoma Inc. (NYSE:WSM) was reiterated as Buy and its price target was raised to 90 from 45 at CFRA. Shares were at 83.21 Friday after crushing earnings estimates due to online sales while its stores were closed.
Have a healthy week, Keep the Faith!
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