$BAC, $IBM, $LULU, $ORCL
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.