Research type: Wall Street Ratings
On Monday, Jefferies reduced its target price on Chesapeake Energy ~50% to $1. This week, the company should close between $1.76 and $2.1 68.0% of the time.
On Friday, Goldman Sachs upgraded Altria Group (MO) from a “neutral” to a “buy” while keeping its price target unchanged at $59.
Goldman Sachs (GS) initiated its coverage on FedEx (FDX) and UPS (UPS) with “buy” ratings. Goldman Sachs argued that the stocks are too cheap to ignore.
On Thursday, Goldman Sachs initiated coverage on Home Depot and Lowe’s with “buy” ratings and price targets of $235 and $119.
Cisco Systems has decided to acquire its supplier Acacia Communications for ~$2.6 billion in cash. How will each company benefit?
Energy Transfer (ET) offers an estimated upside of more than 43%. The company has a median target price of $21.1.
General Electric (GE) has risen ~41% year-to-date, and one Wall Street analyst believes it still has more upside potential.
BMO analyst Andrew Kaip upgraded Barrick Gold (GOLD) from “market perform” to “outperform” and raised its target price from $14.5 to $20.0.
Yesterday, Broadcom (AVGO) stock plunged 3.5% and closed at $284.89 after it announced its intention to purchase Symantec (SYMC).
On July 2, cable giant Dish Network (DISH) agreed to a deal with US mobile carrier T-Mobile US (TMUS) to help T-Mobile complete its $26.5 billion merger with Sprint (S).