$ARNC, $BYD, $BTI, $CARG, $FB
Below is a list of Wall Street’s Top analysts outlook for Key issues for Wednesday, as follows:
Arconic Inc. (NYSE:ARNC) Credit Suisse maintained its Outperform rating with a note that the sell-off was overdone as earnings and margins are likely at a trough, although the firm did lower its price target on the shares to 28 from 33. The 52-wk trading range is 17.60 – 31.17, and the consensus analyst price target is at 29.22.
Boyd Gaming Corp. (NYSE:BYD) was raised to Overweight from Equal Weight at Barclays.
British American Tobacco PLC (NYSE:BTI) was raised to Overweight from Neutral at Piper Jaffray.
CarGurus Inc. (NASDAQ:CARG) was raised to Buy from Neutral at DA Davidson.
Facebook Inc. (NASDAQ:FB) was added to the Best Ideas List at Wedbush Securities, with the firm noting that the company will weather the controversy surrounding its Cambridge Analytica data breach. The firm also believes that Facebook should continue to invest in various initiatives that will generate substantial EBITDA growth for years to come
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