Ford, Nvidia, Royal Dutch Shell and More Tuesday Afternoon Analyst Research Calls
Here's a look at the latest analyst calls for Tuesday, June 22.
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Stocks are higher across the board halfway through Tuesday trading after Monday’s massive snapback rally that followed four days of losses. Worries over inflation, tapering of the never ending quantitative easing and interest rate increases sparked last week’s selling. However, the “buy the dip” crowd jumped in on Monday as the market bounced back from the worst week since last October. With summer now officially underway, it will be interesting to see if the Reddit /wallstreetbets “meme” stock traders stay active or take a summer vacation. Trading volume typically drops during the summer months.
24/7 Wall St. is reviewing some big analyst calls seen on Tuesday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.
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In case you missed it, here are Tuesday’s early analyst upgrades and downgrades. They included Affirm, Crowdstrike, CSX, Evergy, FedEx,Knight, Swift, Ryder, Raven Industries, Twilio, Zoom and more.
Ball Corporation (NYSE: BLL) Atlantic Equities raised the company to Overweight from Neutral with a $101 price target. That is versus the higher $105.07 consensus across Wall Street. The shares have traded between $67.10 and $102.76 over the last 52 weeks.
Casey’s General Stores, Inc. (NASDAQ: CASY | CASY Price Prediction) Goldman Sachs downgraded the stock to Neutral from Buy and also dropped the price target to $215 from $240. That is versus the consensus target across Wall Street of $225.90. The popular retailer has traded between $142.34 and $229.18 over the last 52 weeks.
Ford Motor Company (NYSE: F) Barclays reiterated the firm’s Buy rating on the venerable automaker and raised the price target to $17 from $15. The Wall Street consensus target for the company is posted lower at $14.83. The stock has traded in a 52 week range of $5.74 to $16.45.
Fortune Brands Home & Security, Inc. (NASDAQ: FBHS) Loop Capital raised the stock to Buy from Hold and have set a $100 price target. The consensus target across Wall Street is posted much higher at $117. The stock has traded between $58.37 and $114.01 over the last year.
Garmin Ltd. (NASDAQ: GRMN) BofA Securities downgraded the stock to Neutral from Buy with a $155 price target. The consensus price target across Wall Street for the company is set at $145.71. Over the last year the shares have traded between $91.84 and $145.20.
Hub Group Inc. (NASDAQ: HUBG) Cowen reiterated the firm’s Buy rating on the shares and raised the price target to $83 from $77. That compares with the consensus price objective on Wall Street of $76. The stock has traded in a 52 week range of $43.87 to $74.95.
Kinross Gold Corporation (NYSE: KGC) CIBC downgraded the stock to Neutral from Sector Perform and also lowered the price target to $8.50 from $11.125. That compares with the consensus target across Wall Street of $10.97. The gold miner has traded between $6.10 and $10.332 over the last 52 weeks.
NVIDIA Corporation (NASDAQ: NVDA) Raymond James reiterated their Strong Buy rating on the semiconductor giant and raised the price target on the company to $900 from $750. The consensus target across Wall Street is posted much lower at $726.49. Over the last 52 week shares have traded in a wide range between $356 and $775.
Royal Dutch Shell plc. (NYSE: RDS-A) Societe Generale raised the mega-cap integrated energy giant to Buy from Hold. The stock has traded in a 52 week range of $23.07 to $44.50, and has a $52.38 consensus price target across Wall Street.
United Parcel Services, Inc. (NYSE: UPS) Stifel resumed coverage of the delivery giant with a Hold rating and a $210 price target. That is versus the consensus target across Wall Street of $218.54. The stock has traded in a 52 week range of $107.16 to $219.59.
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Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad, diverse career, including a stint as creative services director at an NBC affiliate in Austin, Texas, gives him unique insight into the financial industry.
Lee Jackson's journey in the financial industry spans more than 30 years, including nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career spanned pivotal sell-side Wall Street events, from the dot-com rise and bubble to the Long-Term Capital Management debacle, 9/11, and the Great Recession of 2008. This reflects his resilience and adaptability amid market volatility.
Lee Jackson’s practical financial industry experience, gained through a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing across various platforms. This unique combination allows him to shed light on the intricacies of Wall Street in a way only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.
Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.
