Chesapeake Energy, Dick’s Sporting Goods, Unity Software and More Wednesday Afternoon Analyst Calls
Chesapeake Energy, Dick's Sporting Goods, Sempra Energy and Unity Software were among Wednesday afternoon's analyst calls.
Stocks were mixed in the midday Wednesday’s trading, as the S&P 500 tried to post an all-time high for the fifth straight day. Once again Tuesday, both the S&P 500 and the Nasdaq printed all-time highs. Investors are keeping an eye on the tug-of-war between Republicans and the president over the infrastructure bill, as Senate minority leader Mitch McConnell says the infrastructure bill hinges on Democrats abandoning plans to link it with a larger reconciliation package. Wall Street is also waiting for Friday’s June jobs report, which could also be a major market mover.
24/7 Wall St. is reviewing 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.
In case you missed it, Wednesday’s early analyst upgrades and downgrades included Allegro Microsystems, JinkoSolar, Masco, Micron Technology, Plug Power, Smith & Wesson and Virgin Galactic.
Carlisle Companies Inc. (NYSE: CSL | CSL Price Prediction): Northcoast raised the stock to Buy from Neutral and has a $230 price target. That compares with a consensus target of $216. The shares have traded in a 52-week range of $111.79 and $197.21.
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Chesapeake Energy Corp. (NYSE: CHK): Capital One started coverage with an Equal Weight rating and a $57 price target. The consensus target is set higher at $63.80. Over the past year, the stock has traded between $40.00 and $56.99.
Cohu Inc. (NASDAQ: COHU): Rosenblatt started coverage with a Buy rating and a $65 price target. The lower consensus price objective is $58.67. The stock has traded in a 52-week range of $15.73 to $51.86.
Dick’s Sporting Goods Inc. (NYSE: DKS): Cowen reiterated its Outperform rating on the popular retailer and raised the price target to $147 from $132. The posted consensus target is $112.22. Over the past 52 weeks, the shares have traded between $37.68 and $102.92.
Shoals Technologies Group Inc. (NASDAQ: SHLS): Piper Sandler started shares of the solar energy parts company with an Overweight rating and a $43 price target. The consensus target is $39.80. The shares have traded between $20.94 and $0.44 over the past 52 weeks.
Open Text Corp. (NASDAQ: OTEX): Barclays downgraded the shares to Equal Weight from Overweight and has a $56 price target, not far from the consensus target of $56.88. The stock has traded between $36.18 and $51.84 a share over the past year.
Score Media and Gaming Inc. (NASDAQ: SCR): Morgan Stanley started coverage with an Equal Weigh rating, and the firm has a $22 price target. No consensus target was available. The stock has traded in a wide 52-week range from $4.03 to $45.00.
Sempra Energy Inc. (NYSE: SRE): BofA Securities downgraded the stock from Buy to Neutral with a $135 price target. The consensus target is up at $150.73. The 52-week trading range for the shares is $112.33 to $143.93.
TechTarget Inc. (NASDAQ: TTGT): JPMorgan started coverage with a Neutral rating and an $81 price target. The consensus target is up at $93.14, and the stock has traded in a 52-week range of $29.80 and $101.12.
Unity Software Inc. (NYSE: U): Morgan Stanley began coverage with an Equal Weight rating and a $115 price target. The consensus target is $123.78. Over the past year, the shares have traded between $65.11 and $174.94.
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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.
