With the trading day more than halfway over, the markets were bouncing back after last week’s dip. The Nasdaq and S&P 500 were each up over 1%, while the Dow Jones industrial average lagged, up only 0.6%. Most of this rally was the result of a strong push by tech stocks.
24/7 Wall St. is reviewing some big analyst calls seen on Monday. 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 Monday that included Beyond Meat, Dollar General, HP, Tesla and more.
CenterPoint Energy Inc. (NYSE: CNP): BofA Securities upgraded it to Buy from Neutral and has a $27 price target. The shares traded near $25 on Monday, in a 52-week trading range of $17.34 to $25.39. The consensus price target is $26.92.
Coinbase Global Inc. (NASDAQ: COIN): Goldman Sachs initiated coverage with a Buy rating and a $306 price target. Shares were trading around $229, in the 52-week range of $208.00 to $429.54. The consensus price target is $409.46.
Discovery Inc. (NASDAQ: DISCA): Moffett Nathanson downgraded to a Neutral rating from Buy and cut the price target to $37 from $51. The shares were changing hands at around $31 on Monday. The 52-week trading range is $19.07 to $78.14. The consensus price target is $44.00.
IMAX Corp. (NYSE: IMAX): Benchmark reiterated a Buy rating and raised the price target to $25 from $24. The stock traded near $22 on Monday, in a 52-week range of $10.31 to $25.05. It has a consensus price target of $25.57.
Melco Resorts & Entertainment Ltd (NASDAQ: MLCO): Morgan Stanley’s downgrade was to Equal Weight from Overweight. The stock traded near $17 on Monday, in a 52-week range of $14.50 to $23.66. It has a consensus price target of $22.09.
PureCycle Technologies, Inc. (NASDAQ: PCT): Oppenheimer initiated coverage with an Outperform rating and a $24 price target. On Monday, the stock traded around $16. The 52-week trading range is $9.76 to $35.75.
Virgin Galactic Holdings Inc. (NYSE: SPCE): Alembic Global Advisors raised its Neutral rating to Overweight. The stock traded near $25 on Monday, in a 52-week range of $14.21 to $62.80. It has a consensus price target of $29.80.
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