Daily HeffX-LTN reviews dozens of Wall 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 the list for Friday, 24 January, as follows:
Chevron Corp. (NYSE:CVX) was raised to Sector Outperform from Sector Perform at Scotiabank. Chevron closed at 112.90, in a 52-wk trading range of 110.42 – 127.34 and with a consensus target price at 136.29.
Cimarex Energy Co. (NYSE:XEC) was raised to Outperform from Neutral and the target price was raised to 60 from 57 at Credit Suisse. The firm has cited double-digit Crude Oil production growth as being achievable in Y 2020 and that this could be an inflection year for the company.
DocuSign Inc. (NASDAQ:DOCU) was reiterated with an Outperform rating and 90 target price at Wedbush, with the firm calling its business strong heading into Ys 2020 and 2021.
General Electric Co. (NYSE:GE) was raised to Overweight from Neutral and its target price was raised to 14 from 11 at Morgan Stanley, with the firm noting that GE is seeing declining risks around its pension, long-term care and power business. GE’s aviation is being called best-in-class.
Microsoft Corp. (NASDAQ:MSFT) was reiterated with an Outperform rating and 195 target price at Wedbush, with the firm noting that it still sees Microsoft winning the $10-B JEDI cloud contract over AWS despite Amazon formally filing its protest about the award. Piper Sandler reiterated its Buy rating and raised its target price to 190 from 158.
Tesla Inc. (NYSE:TSLA) was resumed with a Sell rating at UBS, but the firm’s prior target price of 160 rose all the way to 410.
Western Digital Corp. (NASDAQ:WDC) was raised to Overweight from Equal Weight and its target price was raised to 88 from 64 at Morgan Stanley.
Have a terrific weekend