Top gainers last week
Florida-based Lennar (LEN) released its fiscal 1Q18 results on April 4, 2018. Its revenue grew 27.6% YoY (year-over-year) to $2.9 billion from $2.3 billion, and its EPS (earnings per share) rose 42.4% YoY to $0.84 from $0.59. Revenue and EPS surpassed estimates by 12.1% and 9.1%, respectively. The stock rose 5.6% last week after the earnings release.
On April 2, Wells Fargo upgraded Discovery Communications (DISCA) to “outperform” and raised its target price to $27 from $25. Of analysts surveyed, 33% recommended “buy,” 63% recommended “hold,” and 4% recommended “sell.” The stock rose 5.6% last week.
On April 6, Credit Suisse raised its target price for Archer Daniels Midland (ADM) to $42 from $40 and assigned it a “neutral” rating. Of analysts surveyed, 44% recommended “buy,” 37% recommended “hold,” and 19% recommended “sell.” The stock rose 2.2% last week.
Last week, CVS Health (CVS) announced a new initiative focusing on CKD (chronic kidney disease) and dialysis. This program aims to optimize care for CKD patients by detecting the condition early and expanding home dialysis. The company also announced that it kept drug prices nearly flat for its pharmacy benefit management clients in 2017 despite manufacturer price inflation. The stock rose 1.9% last week.