With the trading day about halfway over, the markets were moving higher, after being stuck in the doldrums for the first half of the week. Oil pushed back above $70 a barrel, and many are calling for it to go higher. The S&P 500, Nasdaq and Dow Jones industrial average each saw a handy gain on the day, up at least 0.3%.
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 Alaska Airlines, Clover Health, Discovery, UPS and more.
American Airlines Group Inc. (NASDAQ: AAL): MKM Partners initiated coverage with a Buy rating and a $29 price target. The shares traded near $23 on Thursday, in a 52-week trading range of 10.63 to $26.09. The consensus price target is $18.88.
Agios Pharmaceuticals Inc. (NASDAQ: AGIO): H.C. Wainwright started coverage with a Buy rating and an $88 price target. Shares were trading around $60, in the 52-week range of $32.47 to $60.71. The consensus price target is $63.50.
Biogen Inc. (NASDAQ: BIIB): UBS upgraded it to Buy from Neutral. The stock traded near $425 on Thursday, in a 52-week range of $223.25 to $468.55. The consensus price target is $373.04.
Dow Inc. (NYSE: DOW): Wolfe Research initiated coverage with a Peer Perform rating. On Thursday, the stock traded around $69. The 52-week trading range is $37.68 to $71.38. The consensus price target is $66.55.
Medtronic PLC (NYSE: MDT): Cowen resumed coverage with an Outperform rating and a $141 price target. The stock traded near $125 on Thursday, in a 52-week range of $87.68 to $132.30. It has a consensus price target of $140.12.
Nielsen Holdings PLC (NYSE: NSLN): Morgan Stanley lowered its Overweight rating to Equal Weight and has a $29 price target. The stock was changing hands at around $26 apiece, in a 52-week range of $13.13 to $28.42. The consensus price target is $29.64.
NetApp Inc. (NASDAQ: NTAP): William Blair’s upgrade was to Outperform from Market Perform. Shares were trading around $83, in the 52-week range of $39.96 to $84.19. The stock has a consensus price target of $84.62.
Sea Ltd. (NYSE: SE): The BofA Securities upgrade to Buy rating Neutral came with a price target hike to $340 from $260. The stock traded near $271 on Thursday, in a 52-week range of $86.60 to $285.00. It has a consensus analyst target of $298.59.
Zoom Video Communications, Inc. (NASDAQ: ZM): Argus upgraded it to a Buy rating from Hold and has a $440 price target. The stock was changing hands at around $341 apiece, in a 52-week range of $216.75 to $588.84. The consensus price target is $416.40.
Three outstanding stocks have joined the Jefferies Franchise Picks in a sizable portfolio change, as the analysts see a profound shift as the pandemic continues to abate and the reopening prospects remain positive.
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