Below is our list for Tuesday, 7 July, as follows:
Akamai Technologies, Inc. (NASDAQ:AKAM) This Internet infrastructure and content speed-boosting player was raised to Outperform from Market Perform at Cowen & Co. The firm raised its price target up to 150 from 107, this stock was at 80 at the peak of the coronavirus chaps selling in March and the consensus target price of 112.82 is now under the share price.
Amazon.com Inc. (NASDAQ:AMZN) was reiterated as Buy and its price target was raised to 3,500 from 2,800 at Monness Crespi Hardt, the MCH upgrade was based on having the Key infrastructure and capabilities, along with the financial strength, to endure and win in the C-19 era. Amazon’s consensus analyst target price is at 2,815.
Avis Budget Group, Inc. (NASDAQ:CAR) was raised to Overweight from Equal Weight with a 37 price target at Morgan Stanley. Avis Budget had a 32.00 consensus analyst target price ahead of the call.
Constellation Brands, Inc. (NYSE:STZ): There was an “analyst pile-on” of target hikes: UBS to 208 from 192; Jefferies to 238 from 224; JPMorgan to 227 from 200.
eBay Inc. (NASDAQ:EBAY) was not a formal analyst upgrade, but the stock was added to a list of high cash flow return on investment (CFROI) stocks at Credit Suisse. Their view was that stock has attractive valuations, low market expectation, a new CEO, higher share repurchases and growth in the digital payments arena.
While their official price target was just 53 on the stock, that CFROI model they used generated a cash flow theoretical target price of 65.92 just using that model. It also sets the stage for much higher dividend payments ahead. eBay has a 49.50 consensus analyst target price and a street price target of 60.00.
Herbalife Nutrition Ltd. (NYSE:HLF) was started with a Buy rating at Argus and the independent research firm issued a 54 price target. The consensus analyst target price was 57.67 ahead of the call.
Have a healthy day, Keep the Faith!
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