Stocks were indicated higher on Friday ahead of the key unemployment and payrolls report, but the gains were not so strong that the day’s outcome looked locked in. Still, investors know that the bull market is nearing nine years and that the major indexes are at or close to all-time highs. The one trend that prevails is that investors keep finding new reasons to buy stocks after every sell-off. Those same investors are also looking for new investing and trading ideas to generate gains and income ahead.
24/7 Wall St. reviews dozens of analyst research reports each day of the week to find new investing and trading ideas for our readers. Some analyst reports and research notes cover stocks to buy, and others cover stocks to sell or avoid.
Consensus analyst price target data and valuation metrics are from the Thomson Reuters sell-side research service. Additional color and commentary has been added on most of these daily analyst calls.
These were the top analyst upgrades, downgrades and other research calls from Friday, November 3, 2017.
Activision Blizzard Inc. (NASDAQ: ATVI) was up 0.2% at $65.45 ahead of earnings but was indicated up 2.5% at $67.07 afterward. Jefferies reiterated Activision Blizzard as a Buy and raised its target to $82 from $80. Wedbush Securities reiterated its Outperform rating with a $75 price target.
Aetna Inc. (NYSE: AET) traded as high as about $185 on past merger rumors in the past two weeks, but the shares were most recently back at $172.32. Raymond James raised the stock to Outperform from Market Perform with a $200 price target. Aetna has a 52-week trading range of $105.39 to $184.98 and a consensus analyst target price target of $174.27.
Apple Inc. (NASDAQ: AAPL) was up 0.7% at $168.11 ahead of earnings and was indicated up 4.2% at $175.10 afterward, in a prior 52-week range of $104.08 to $169.94. The prior consensus target price was $175.19. Apple’s target was raised to $195 from $175 at Sanford Bernstein and to $185 from $180 at Raymond James. Canaccord Genuity raised its target to $195 from $180, while Citigroup raised its target to $200 from $170. RBC raised its target to $190 from $180, and Morgan Stanley raised its target from $199 to $200.
Blue Apron Holdings Inc. (NYSE: APRN) was down 18.6% at $3.80 a share on Thursday after earnings showed lower repeat customers. Barclays downgraded it to Underweight from Equal Weight. The consensus target price was $6.71, with a new post-IPO trading range of $3.75 to $11.00.
Pandora Media Inc. (NYSE: P) was last seen down 18.5% at $6.04 on Friday in the post-earnings reaction due to soft revenues, under its prior 52-week range of $6.76 to $14.10. SunTrust Robinson Humphrey downgraded Pandora to Hold from Buy with an $8 price target. But Wedbush maintained an Outperform rating with a $12 price target.
Starbucks Corp. (NASDAQ: SBUX) was down 0.5% at $54.87 ahead of earnings and was indicated to open down another 1.3% at $54.15 Friday morning. Credit Suisse lowered its target price to $54 from $56, Instinet lowered its target to $63 from $67 and BMO Capital Markets cut its target to $52 from $56. Jefferies maintained its Buy rating and $65 target. Starbucks has a 52-week range of $50.84 to $64.87, and the pre-earnings consensus analyst price target was $63.98.
Twitter Inc. (NYSE: TWTR) was raised to Buy from Hold with a $25 price target (versus a $19.71 prior close) at Argus. The independent research firm sees Twitter as increasing user engagement and generating strong EBITDA growth, with a return to annual growth in 2018. Shares closed down 4.4% at $19.71 on Thursday but were indicated up 1.5% at $19.99 on Friday. Twitter has a 52-week range of $14.12 to $21.96 a share.
Wayfair Inc. (NYSE: W) was down 15.5% at $62.84 on Thursday after earnings. Wedbush maintained Wayfair as Outperform but cut the price target to $72 from $82. Other target cuts: Citigroup to $66 from $80, Credit Suisse to $69 from $78, and Cowen to $72 from $82. The 52-week trading range was $27.60 to $84.19.
YogaWorks Inc. (NASDAQ: YOGA) was started with an Outperform rating and assigned a $5 price target (versus a $2.77 close) at Imperial Capital. YogaWorks shares were up 4.5% at $2.77 on Thursday, and its post-IPO range is $2.41 to $5.85.
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Other key analyst calls were seen as follows:
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