American Express Co. (NYSE:AXP) reported earnings and reported that Ken Chennault will retire as CEO. It was reiterated as Hold but the target was raised to 93 from 85 at Jefferies. Amex trades in a 52-wk range of $64.75 to $93.35.
Baker Hughes, a GE Company (NYSE:BHGE) analysts started as Neutral with a 36 price target at UBS. The stock trades in a 52-wk range of 32.43 – 68.59. It has a consensus analyst target price at 45.29.
Nike Inc. (NYSE:NKE) was downgraded to Neutral from Buy with a 54 price target at Goldman Sachs, with the firm noting that Nike is likely to be range-bound while it works through excess inventory and on expectations that it will lower expectations at its investor day later this month. Nike has a 52-wk trading range of 49.01 – 60.53 and a consensus price target at 58.58.
Sprint Corp. (NYSE:S) was downgraded to Neutral from Outperform at Macquarie, just a day after BTIG maintained its Sell rating. The 52-wk trading range is 5.83 – 9.65, and the consensus price target is 7.28.
Have a terrific weekend.
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