Investing

AutoZone, CVS, Home Depot, Macy's and More Wednesday Afternoon Analyst Calls

With the trading day about halfway over, the markets turned lower on Wednesday, nearly hitting their lows of last week. The S&P 500 and Dow Jones industrial average were getting the worst of it, each down over 1.3%. The Nasdaq was down closer to 1%.

24/7 Wall St. is looking at some big analyst calls seen on Wednesday. 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 Wednesday that included Ferrari, Ford, Netflix, Nordstrom, Ross Stores, Salesforece.com and more.

Advance Auto Parts Inc. (NYSE: AAP): Credit Suisse resumed coverage with an Outperform rating and a $215 price target. The shares traded near $195 on Wednesday, in a 52-week trading range of $130.07 to $210.18. The consensus price target is $215.56.

Abercrombie & Fitch Co. (NYSE: ANF): Telsey Advisory reiterated an Outperform rating and raised its price target to $48 from $32. Shares were trading around $39, in the 52-week range of $9.30 to $43.60. The consensus price target is $37.11.

Anthem Inc. (NYSE: ANTM): Wells Fargo initiated coverage with an Overweight rating and a $460 price target. The shares were changing hands at around $392 on Wednesday. The 52-week trading range is $244.10 to $406.00. The consensus price target is $423.33.

AutoZone Inc. (NYSE: AZO): Credit Suisse resumed coverage with an Outperform rating and a $1,437 price target. The stock traded near $1,478 on Wednesday, in a 52-week range of $1,074.45 to $1,542.30. It has a consensus price target of $1,600.88.

Bed Bath & Beyond Inc. (NASDAQ: BBBY): Credit Suisse resumed coverage with a Neutral rating and a $19 price target. On Wednesday, the stock traded around $24. The 52-week trading range is $5.78 to $53.90. Its consensus analyst target is $26.23.

CarMax Inc. (NYSE: KMX): Wedbush downgraded it to a Neutral rating from Outperform and lowered its price target to $130 from $155. The stock traded near $116 on Wednesday, in a 52-week range of $77.79 to $138.66. It has a consensus price target of $143.10.

CVS Health Corp. (NYSE: CVS): Wells Fargo initiated coverage with an Equal Weight rating and an $89 price target. The stock traded near $88 on Wednesday, in a 52-week range of $55.36 to $88.65. It has a consensus price target of $92.80.

Dick’s Sporting Goods Inc. (NYSE: DKS): Credit Suisse resumed coverage with a Neutral rating and a $72 price target. The stock traded near $83 on Wednesday, in a 52-week range of $28.91 to $91.80. It has a consensus price target of $85.32.

Home Depot Inc. (NYSE: HD): Credit Suisse resumed coverage with an Outperform rating and a $319 price target. The stock traded near $309 on Wednesday, in a 52-week range of $234.31 to $345.69. The consensus analyst target is $337.89.

Macy’s Inc. (NYSE: M): Telsey Advisory reiterated a Market Perform rating and raised its price target to $20 from $16. On Wednesday, the stock traded around $18. The 52-week trading range is $4.91 to $22.30. Its consensus analyst target is $15.95.

Target Corp. (NYSE: TGT): Credit Suisse resumed coverage with an Outperform rating and a $211 price target. The stock traded near $215 on Wednesday, in a 52-week range of $114.23 to $218.50. It has a consensus price target of $217.96.


24/7 Wall St. screened the BofA Securities research universe looking for Buy-rated stocks in the so-called defensive growth sectors, such as consumer staples and big pharmaceuticals, and found five stocks that look like solid ideas for growth investors who also like a dividend kicker.

Furthermore, see why one top analyst has moved to the sidelines on Wells Fargo, and check out which analyst is showing the love for retails stocks.