With the trading day nearly halfway over, the broad markets were edging higher, led by the Nasdaq’s gain of about 0.5%. July was a relatively strong month for the markets, marking six months of straight gains for the S&P 500. More earnings are on the way this week, along with more analyst calls. Stay tuned.
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 Baker Hughes, DoorDash, First Solar, Levi Strauss and Lyft.
Magnolia Oil & Gas Corp. (NYSE: MGY): Evercore ISI initiated coverage with an Outperform rating and an $18 price target. The shares were changing hands at around $14 apiece on Monday, in a 52-week trading range of $4.09 to $16.38.
Microchip Technology Inc. (NASDAQ: MCHP): Morgan Stanley resumed coverage with an Overweight rating and a $177 price target. Shares traded near $148 on Monday, in a 52-week range of $95.53 to $166.67. They have a consensus price target of $176.39.
Newell Brands Inc. (NASDAQ: NWL): Wells Fargo upgraded the stock to an Equal Weight rating from Underweight and raised the price target to $26 from $23. Shares traded near $25 on Monday, in a 52-week range of $15.67 to $30.10. The consensus price target is $28.40.
ResMed Inc. (NYSE: RMD): Needham downgraded it to Hold from Buy. The stock was trading at around $269 a share on Monday, in a 52-week range of $165.72 to $272.75.
Rapid7 Inc. (NASDAQ: RPD): KeyBanc Capital Markets started coverage with an Overweight rating and a $135 price target. The stock was changing hands near $114 a share on Monday, in a 52-week range of $56.02 to $117.12.
Teladoc Health Inc. (NYSE: TDOC): The Argus downgrade was to Hold from Buy. The stock traded near $148 on Monday, in a 52-week range of $129.74 to $308.00.
Uber Technologies Inc. (NYSE: UBER): Gordon Haskett initiated coverage with a Buy rating and a $65 price target. Here’s a more in-depth look into the report, as well as for DoorDash and Lyft. The stock traded near $44 on Monday, in a 52-week range of $28.48 to $64.05. Its consensus price target is $69.11.
U.S. Cellular Corp. (NYSE: USM): JPMorgan lowered its Neutral rating to Underweight and has a $36 price target. The stock was trading at around $34 a share on Monday, in a 52-week range of $28.19 to $39.96. Analysts have a consensus price target of $44.88 for the stock.
ALSO READ: 5 Top Stocks to Buy With Dividends Set to Be Raised This Week
With dependable dividends and long histories of market dominance, four top stocks make good sense for growth and income investors looking to add energy but who are wary due to the big run-up in oil pricing over the past year.
In addition, five top companies are expected to hike their dividends this week, and top Wall Street firms rate all their stocks at Buy. And one analyst sees huge upside potential in gig economy stocks.
Source: Read Full Article