Investing

Lockheed Martin, Microsoft, Nike, Raytheon and More of Thursday Afternoon Analyst Calls

With the trading day more than halfway over, the markets were making a handy recovery from Wednesday’s sell-off. The squeeze on tech stocks was being felt again, as the Nasdaq lagged both the S&P 500 and Dow Jones industrial average. The Nasdaq was up closer to 0.6%, while the other two major averages were up over 1%.

24/7 Wall St. is looking at some big analyst calls seen so far on Thursday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.

For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Thursday that included Baker Hughes, Boeing, Cisco, Coinbase, Deere and more.

Lockheed Martin Corp. (NYSE: LMT): Wells Fargo initiated coverage with an Equal Weight rating and a $384 price target. The shares traded near $388 on Thursday, in a 52-week trading range of $319.81 to $417.62. The consensus price target is $428.41.

Lowe’s Co. Inc. (NYSE: LOW): Oppenheimer upgraded its Perform rating to Outperform with a $235 price target. The shares were changing hands at around $200 on Thursday. The 52-week trading range is $106.20 to $215.22. The consensus price target is $218.97.

Microsoft Corp. (NASDAQ: MSFT): Rosenblatt initiated coverage with a Buy rating and a $301 price target. Shares were trading around $243, in the 52-week range of $175.68 to $263.19. The consensus price target is $290.47.

Nike Inc. (NYSE: NKE): BofA Securities resumed coverage with a Neutral rating and a $150 price target. The stock traded near $134 on Thursday, in a 52-week range of $84.11 to $147.95. It has a consensus price target of $165.15.

PLBY Group Inc. (NASDAQ: PLBY): Canaccord Genuity reiterated a Buy rating and raised its price target to $52 from $28. The stock traded near $41 on Thursday, in a 52-week range of $9.85 to $63.04. It has a consensus price target of $32.00.

Pure Storage Inc. (NYSE: PSTG): Evercore ISI upgraded it to Outperform from In Line and has a $30 price target. On Thursday, the stock traded around $17. The 52-week trading range is $13.39 to $29.53. Its consensus analyst target is $28.33.

Raytheon Technologies Corp. (NYSE: RTX): Wells Fargo initiated coverage with an Equal Weight rating and an $87 price target. The stock traded near $83 on Thursday, in a 52-week range of $51.13 to $87.04. It has a consensus price target of $94.24.

Schlumberger Ltd. (NYSE: SLB): Goldman Sachs initiated coverage with a Buy rating and a $38 price target. The stock traded near $32 on Thursday, in a 52-week range of $13.70 to $32.87. It has a consensus price target of $30.62.


For investors looking to book profits and move to areas that can fight through the inflation backdrop, some more conservative BofA Securities stock picks pay very large and dependable distributions and dividends.

One top analyst sees big upside in some aerospace and defense stocks. Has an upgrade helped put Array Technologies stock back on track? And check out what’s different about a new cannabis ETF.