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Barrick, Lyft, Nordstrom, Twitter and More Wednesday Afternoon Analyst Calls
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With the trading day about halfway over, the broad markets had pulled back slightly on Wednesday. Note that the S&P 500, Dow Jones industrial average and Nasdaq each hit a new intraday high right after the open, but they have retreated since. The broad markets are still trying to make up their minds on where to go from here.
24/7 Wall St. is looking at some big analyst calls that we have seen so far on Wednesday. We have included the most recent analyst call on each stock, as well as a recent trading history and the general consensus among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Wednesday that included Akamai, Canopy Growth, Corsair Gaming, Virgin Galactic and more.
Barrick Gold Corp. (NYSE: GOLD) was resumed at JPMorgan with a Neutral rating. The stock traded near $22 on Wednesday but is still well below its consensus target of $32.68. The 52-week range is $12.65 to $31.22.
Freeport-McMoRan Inc. (NYSE: FCX) was resumed at JPMorgan with an Overweight rating and a $37 price target. Shares dropped below $32 on Wednesday. The 52-week trading range is $4.82 to $33.97. The consensus price target is $30.86.
Goodyear Tire & Rubber Co. (NASDAQ: GT) was upgraded at Morgan Stanley from Equal Weight to Overweight with a $16 price target. Shares traded above $14. The stock has traded within a 52-week range of $4.09 to $14.32. It has a consensus price target of $12.67.
Incyte Corp. (NASDAQ: INCY) was downgraded at SVB Leerink from Market Perform to Underperform with a $70 price target. The stock was trading near $85, in a 52-week trading range of $62.48 to $110.37. The consensus price target is $106.81.
Jack in the Box Inc. (NASDAQ: JACK) was reiterated as Outperform at Telsey Advisory Group and its price target was raised to $118 from $112. The shares traded around $99. The 52-week range is $16.81 to $104.39, and analysts have a consensus price target of $105.44.
Lyft Inc. (NASDAQ: LYFT) saw a raft of price target changes after its earnings report:
Lyft stock traded around $57 on Wednesday, in a 52-week range of $14.56 to $59.40. The consensus analyst target is $51.79.
Nordstrom Inc. (NYSE: JWN) was upgraded from Hold to Buy with a $45 price target at Gordon Haskett. The consensus price target is $29.72. Shares traded around $35 on Wednesday, in the 52-week range of $11.72 to $42.22.
Stoke Therapeutics Inc. (NASDAQ: STOK) was downgraded to Neutral from Outperform at Wedbush. The stock traded near $63 on Wednesday. The 52-week trading range is $15.82 to $71.58. Analysts have a consensus price target of $59.50.
Twitter Inc. (NYSE: TWTR) also saw plenty of post-earnings calls:
Early Wednesday, the stock traded around $64. The 52-week range is now $20.00 to $69.20, and the consensus price target is $48.08.
Note that short sellers bought into FAANG stocks Facebook, Amazon and Alphabet in the most recent period.
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