GW Pharmaceuticals PLC (NASDAQ: GWPH) was reiterated as Overweight and the price target was raised to $215 from $180 (versus a $180.09 close, after a 2.6% gain) at JPMorgan. Oppenheimer also raised it to Outperform from Perform with a $234 price target. The stock was indicated up 9% at $197.00 on Tuesday after its sales were shown to have risen by more than 1,000% to just over $39 million. The prior consensus target price was close to $190, ahead of the news and update.
Lululemon Athletica Inc. (NASDAQ: LULU) was raised to Neutral from Underperform at Macquarie. It closed down 0.5% at $117.69, and it has a consensus target price of $186.08. Lululemon has a 52-week trading range of $96.79 to $179.50.
Norfolk Southern Corp. (NYSE: NSC) was reiterated as Buy and the price target was raised to $220 from $210 (versus a $204.26 prior close) at Argus. The firm raised earnings estimates and sees that the management team has accelerated an aggressive restructuring program that is lowering costs and improving profitability.
Planet Fitness Inc. (NYSE: PLNT) was raised to Outperform from Neutral at Macquarie. After closing up 0.6% at $73.11 on Monday, its shares were indicated up 1.1% at $73.90 on Tuesday. The consensus target price is $77.33. The 52-week trading range is $36.72 to $77.34.
Roku Inc. (NASDAQ: ROKU) was started with an Overweight rating and assigned an $84 target price (versus a $65.75 close, after a 1.1% gain) at Stephens. The consensus target price is $68.23, and the 52-week trading range is $26.30 to $77.57.
Texas Instruments Inc. (NASDAQ: TXN) was started as Neutral with a $106 target price (versus a $115.86 close) at Nomura/Instinet. It has a consensus target price of $116.92 and a 52-week trading range of $87.70 to $119.32.
Veeco Instruments Inc. (NASDAQ: VECO) was raised to Buy from Hold at Benchmark. Its shares closed up 0.8% at $12.97 on Monday. The consensus target price is $14.75, and the 52-week trading range is $6.27 to $19.50.
Vivint Solar Inc. (NYSE: VSLR) was raised to Buy from Neutral at Citigroup, a day after Roth Capital started it with a similar Buy rating. Its shares closed up 6% at $6.18 on Monday, with a consensus target price of $8.55 and a 52-week range of $3.55 to $7.44.
WageWorks Inc. (NYSE: WAGE) was downgraded to Market Perform from Outperform at Wells Fargo. Its shares closed up 0.3% at $50.00 on Monday, in a 52-week trading range of $25.15 to $56.80. The consensus target price is $57.60.
The market had a roller-coaster ride Monday as investors worried over the China trade deal, but Merrill Lynch has five stocks with solid Buy ratings that have no exposure to China.
Monday’s top analyst calls included Acacia Communications, Aqua America, Dish Network, Expedia, First Solar, PagerDuty, Pinterest, Walt Disney and many more.
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