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Alphabet, Constellation Brands, Mattel, Callaway Golf and More Tuesday Afternoon Analyst Calls

Paul Ausick

Published: February 16, 2021 1:35 pm

With the trading day more than halfway over, the broad markets were trading mixed. The Dow Jones industrials traded up about 0.2%, while the S&P 500 and Nasdaq traded down less than 1%.

For those that might have missed it, our earlier round of analyst calls on Tuesday included American Express, BlackBerry, BP and Waste Management.

Alphabet Inc. (NASDAQ: GOOGL) was raised from Hold to Buy at Loop Capital, and the firm reiterated its price target of $2,525. The stock’s 52-week range is $1,008.87 to $2,145.06, and the high was posted Tuesday morning. The consensus price target on the stock is $2,295.30.

Anaplan Inc. (NYSE: PLAN) was upgraded at Morgan Stanley from Equal Weight to Overweight with a price target of $100. Shares posted a new 52-week high of $86.17 earlier Tuesday and were last seen around $84.00. The stock’s 52-week low is $26.04, and the consensus price target is $79.94.

Antero Resources Corp. (NYSE: AR) received an upgrade from Equal Weight to Overweight at Capital One. Shares hit a new 52-week high of $10.04 and traded up about 1.3% at $9.10 on Tuesday afternoon. The stock’s 52-week low is $0.64, and the consensus price target is $7.57.

Callaway Golf Co. (NYSE: ELY) was downgraded from Outperform to Market Perform at Cowen. The price target of $28 was maintained. Shares traded down about 4.6% Tuesday at around $28.50 in a 52-week range of $4.75 to $32.59. The consensus price target is $30.50

Constellation Brands Inc. (NYSE: STZ) was downgraded from Buy to Hold at Truist, though the price target was maintained at $240. Shares traded around $232.40 Tuesday in a 52-week range of $104.28 to $243.32. The high was posted earlier Tuesday. The consensus price target is $252.89.

CrowdStrike Holdings Inc. (NASDAQ: CRWD) was initiated at Canaccord Genuity with a Buy rating and a price target of $280. The stock’s 52-week range is $31.95 to $250.75, and the high was posted Tuesday morning. Shares traded at around $241.30, with a consensus price target of $220.15.

Freeport McMoRan Inc. (NYSE: FCX) was upgraded from Neutral to Buy at Citigroup, and the price target was maintained at $38. The stock’s 52-week range is $4.82 to $33.97, and shares traded at around $32 early Tuesday afternoon. The consensus price target on the stock is $31.46.

Mattel Inc. (NASDAQ: MAT) was upgraded from Hold to Buy with a price target of $22 at Argus. Shares recently traded near $18.75, up about 0.2% for the day, in a 52-week range of $6.53 to $19.42. The consensus price target on the stock is $20.30.

Range Resources Inc. (NYSE: RRC) received an upgrade from Equal Weight to Overweight at CapitalOne. The stock’s 52-week range is $1.61 to $11.18, and the high was set earlier in the morning. The consensus price target on the stock is $9.48.

Southern Copper Corp. (NYSE: SCCO) was upgraded from Sell to Neutral at Citigroup. The price target was maintained at $70, well above the consensus target of $58.08. The stock’s 52-week range is $23.43 to $75.07 and the high was posted Tuesday morning.

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