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Merck, Micron, Nvidia, Target and More Thursday Afternoon Analyst Calls

With the trading day almost halfway over, the markets had made a handy recovery on Thursday, bouncing off the lows of last week. The Nasdaq led the charge higher with a 1.4% gain, as tech and health care were some of the best-performing sectors on the day. The S&P 500 and Dow Jones industrial average were up more than 0.5% on last look.

24/7 Wall St. is reviewing some big analyst calls seen 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 AMD, Analog Devices, Chipotle Mexican Grill, Coinbase Global, Intel and SolarEdge Technologies.

Chemours Co. (NYSE: CC): BofA Securities initiated coverage with a Buy rating and a $42 price target. The shares traded near $33 on Thursday, in a 52-week trading range of $12.11 to $35.53. The consensus price target is $35.22.

Iovance Biotherapeutics Inc. (NASDAQ: IOVA): Piper Sandler downgraded it to Neutral from Overweight and cut its price target to $18 from $35. Shares were trading around $19, in the 52-week range of $15.88 to $54.21. The consensus price target is $47.46.

LendingTree Inc. (NASDAQ: TREE): Northland Capital’s upgrade to Outperform from Market Perform came with a $225 price target. The shares were changing hands at around $204 on Thursday. The 52-week trading range is $164.57 to $372.64. The consensus price target is $314.13.

Merck & Co. Inc. (NYSE: MRK): Argus lowered its Buy rating to Hold. The stock traded near $80 on Thursday, in a 52-week range of $71.72 to $87.80. It has a consensus price target of $94.07.

Micron Technology Inc. (NASDAQ: MU): KeyBanc Capital Markets resumed coverage with an Overweight rating but cut the price target to $115 from $137. On Thursday, the stock traded around $80. The 52-week trading range is $42.25 to $96.96. Its consensus analyst target is $116.76.

Nvidia Corp. (NASDAQ: NVDA): KeyBanc Capital Markets resumed coverage with a Sector Weight rating and a $700 price target. The stock traded near $582 on Thursday, in a 52-week range of $319.87 to $648.57. It has a consensus price target of $668.28.

Target Corp. (NYSE: TGT): Telsey Advisory reiterated an Outperform rating and raised its price target to $265 from $235. The stock traded near $220 on Thursday, in a 52-week range of $114.23 to $220.45. It has a consensus price target of $229.76.

Wendy’s Co. (NASDAQ: WEN): Argus upgraded to a Buy rating from Hold with a $27 price target. The stock traded near $24 on Thursday, in a 52-week range of $18.86 to $24.91. It has a consensus price target of $25.67.


One top analyst has lowered price targets on some of the top software stocks. Yet, the firm has four that are still the place to be, given their strong fundamentals and how well they held up into recent selling.

See which analyst believes Chipotle stock is heating up and on which electric vehicle stock short sellers have scored big.