$BAC, $IBM, $LULU, $ORCL
Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.
Below is a list of Wall Street’s Top analysts outlook for Key issues for Thursday, as follows:
Bank of America Corp. (NYSE:BAC) rose 1.3% to 29.90 on the 1st trading day of the year, but shares were indicated to open down a few cents despite 3 different target price hikes. Instinet raised its target to 37 from 30; Bernstein raised its target to 34 from 32; and Barclays raised its target to 35 from 28.
International Business Machines Corp. (NYSE:IBM) was raised to Outperform from Sector Perform and the price target was raised to 180 from 160 at RBC Capital Markets.IBM’s 52-wk trading range is 139.13 – 182.79, and it had a consensus target price at 163.74.
Lululemon Athletica Inc. (NASDAQ:LULU) analysts reiterated as Buy and the price target was raised to 95 from 89 at Deutsche Bank. Lululemon shares trade in a 52-wk range of 47.26 – 80.27 and with a 76.50 consensus target price.
Oracle Corp. (NYSE:ORCL) analysts raised to Overweight from Equal Weight with a 57 price target at Morgan Stanley. Its shares finished up about 1.5% at $47.71 Wednesday after the upgrade. The 52-wk range is 38.38 – 53.14, and the consensus target price is at 55.74.
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