Stocks were indicated to open down by about 0.1% or so on Monday, but this is after new all-time highs last week. The bull market is more than eight years old and investors have still proven time after time that they will buy every big sell-off. Those same investors are also looking for new investing and trading ideas.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new investing and trading ideas for its readers. Some of these analyst reports cover stocks to buy. Others cover stocks to sell or to avoid.
Consensus analyst price target data are the mean of the Thomson Reuters sell-side research service. Additional color and commentary has been added on most of the daily analyst calls.
These were the top analyst upgrades, downgrades and other research calls from Monday, June 5, 2017.
Apple Inc. (NASDAQ: AAPL) was downgraded to Sector Weight from Overweight at Pacific Crest, and the fair value estimate was $145 over the coming 12 months. The firm noted that investors are now having too high of expectations for the coming iPhone 8 and that the current share price does not reflect much risks (including any delay on a launch). Apple closed up 1.5% at $155.45 on Friday and was indicated down by 0.7% at $154.30 on Monday. It has 52-week trading range of $91.50 to $156.65 and a consensus analyst price target of $155.84.
Chevron Corp. (NYSE: CVX) was raised to Buy from Hold at HSBC. Shares most recently closed down 1.1% at $103.11, and the 52-week range is $97.53 to $119.00. The consensus target price is $123.96.
eBay Inc. (NASDAQ: EBAY) was assumed with an Outperform rating at Credit Suisse, but the prior $34 target price was raised to $44 as the firm called eBay an internet value story with several paths to creating value. The firm noted that eBay’s Marketplace growth is stable and has the potential to accelerate in 2017 and 2018, with attractive StubHub growth and an underappreciated Classifieds business.
Gap Inc. (NYSE: GPS) was raised to Outperform from Perform and the price target was raised to $28 (versus a $22.56 prior closing price) at Oppenheimer. The firm noted that Old Navy continues to benefit from department store malaise while operating primarily outside of malls, and it noted that Gap is seeing margin expansion from early days of applying Old Navy’s processes. Gap has a 52-week range of $18.56 to $30.74 and a consensus price target of $25.38.
Halliburton Co. (NYSE: HAL) was reiterated as Outperform with a $60 target price (versus a $45.30 prior close) at Credit Suisse. The firm sees risk/reward favoring Halliburton from an absolute and relative basis. Its stock has a 52-week range of $40.12 to $58.78 and a consensus target price of $62.08.
Juniper Networks Inc. (NYSE: JNPR) was started with a Sector Weight rating at Pacific Crest. The stock recently closed at $30.03, and it has a 52-week range of $21.18 to $30.96. The consensus analyst target is $30.96.
Yelp Inc. (NASDAQ: YELP) was raised to Buy from Neutral with a $37 price objective (versus a $28.79 close) at Merrill Lynch. Yelp was last seen trading up 3% at $29.65, and it has a 52-week range of $25.93 to $43.41 and a consensus target price of $31.47.
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Other key analyst calls were seen in the following:
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