Motorola Solutions Inc. (NYSE: MSI) was reiterated as Buy and the price target was raised to $120 from $110 at Argus. The independent research firm noted that recent acquisitions signal an intensified focus on software and services and that these will generate revenue stability and margin expansion.
Oasis Petroleum Inc. (NYSE: OAS) was started as Outperform with an $11 price target (versus a $7.90 close) at Credit Suisse. The firm noted that Oasis Petroleum is too cheap to ignore and offers one of the most attractive risk/reward profiles in the oil-weighted exploration and production universe.
Rexnord Corp. (NYSE: RXN) was raised to Outperform from Perform with a $33 price target (versus a $27.55 close) at Oppenheimer. The firm sees an opportunistic dip in shares as a chance to buy into an organic growth and margin expansion acceleration story.
Spark Therapeutics Inc. (NASDAQ: ONCE) was raised to Outperform from Neutral with a $65 price target (versus a $54.64 close) at RBC Capital Markets.
Sprint Corp. (NYSE: S) was maintained as Buy at Citigroup, but the firm lowered its price target to $6.50 from $7.50 (versus a $5.51 close). Sprint’s 52-week range is $4.91 to $9.44.
Taylor Morrison Home Corp. (NYSE: TMHC) was raised to Outperform from Market Perform with a $31 price target (versus a $25.10 close) at JMP Securities.
Virtusa Corp. (NASDAQ: VRTU) was reiterated as Outperform with a $55 price target (versus a $42.04 close) at Wedbush Securities.
Wynn Resorts Ltd. (NASDAQ: WYNN) was raised to Positive from Neutral and the price target was raised to $211 from $196 at Susquehanna. Wynn shares closed up 9% at $178.32 on Thursday after Steve Wynn resigned to clear the path for the company to recover from its recent scandal. That is down from a 52-week high of $203.63.
Yandex N.V. (NASDAQ: YNDX) was started with an Overweight rating and assigned a $47 price target (versus a $36.98 close) at JPMorgan. Yandex was indicated up 1.1% at $37.41 on Thursday.
Yelp Inc. (NYSE: YELP) was up 1.3% at $44.86 ahead of earnings on Wednesday, but the post-earnings reaction was down 8% at $41.25 early on Thursday despite beating earnings estimates. Yelp saw price targets hiked at a couple firms, but there was a large number of price target cuts: Credit Suisse to $50 from $51, SunTrust Robinson Humphrey to $50 from $51, Wells Fargo to $42 from $45, Stifel to $38 from $40, JPMorgan to $51 from $55.
Zynga Inc. (NASDAQ: ZNGA) was up 0.3% at $3.58 ahead of earnings and was indicated up almost 4% at $3.83 after earnings. Credit Suisse maintained its Underperform rating but raised its target price to $4.00 from $3.80 in the call. Wedbush reiterated its Outperform rating and raised its target to $5.50 from $4.85, noting that guidance appears particularly conservative and that upcoming titles leave room for upside this year.
Argus made a two-part call in PACCAR Inc. (NASDAQ: PCAR) and Cummins Inc. (NYSE: CMI) noting that investors should buy the shares on recent weakness after falling from highs. The firm’s Cummins price target is $195 (versus a $172.74 close) and its PACCAR price target is $82 (versus a $68.69 close).
JPMorgan has selected several large pharmaceutical companies that it sees as defensive at a time when volatility has come back to the markets.
Merrill Lynch also has four tech stocks to buy on weakness.
Wednesday’s top analyst calls were in AT&T, CA, Chipotle Mexican Grill, Cisco Systems, Cleveland-Cliffs, Dish Network, HP, Qualcomm, Snap and many more.
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