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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:

  • BTIG Research reiterated it with a Buy rating and lifted its $60 price target to $70.
  • Truist reiterated it as a Buy and raised its price target to $66 from $44.
  • Wedbush reiterated an Outperform rating and increased its target from $53 to $72.
  • Susquehanna reiterated its Positive rating and hiked its target to $80 from $45.
  • Barclays reiterated it as Equal Weight and raised its target to $55 from $49.
  • Credit Suisse reiterated an Outperform rating and raised its $66 target to $74.
  • UBS reiterated it as a Buy and increased its price target from $60 to $65.
  • JMP Securities reiterated it at Outperform and raised its $50 target to $73.
  • JPMorgan reiterated an Outperform rating and hiked its target to $68 from $63.
  • Goldman reiterated it at Buy rating and raised its price target to $74 from $44.

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.


Masco Corp. (NYSE: MAS) was downgraded at Loop Capital from Buy to Hold with a $61 price target. Shares traded at $55 on Wednesday. The 52-week range is $27.04 to $60.16, and the consensus price target is $65.87.

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:

  • KeyBanc Capital Markets reiterated its Overweight rating and lifted its $65 price target to $80.
  • Barclays reiterated it at Underweight but raised its target price to $52 from $36.
  • Oppenheimer reiterated it at Outperform and raised its price target to $70 from $58.
  • BofA Securities reiterated a Buy rating and hiked its target price to $78 from $58.
  • Susquehanna reiterated it with a Positive rating and raised its $58 price target to $70.
  • Stifel reiterated its Hold rating and raised its price target from $50 to $60.
  • Deutsche Bank reiterated it at Buy and raised its price target to $76 from $65.
  • Guggenheim reiterated a Neutral rating and raised its $48 price target to $60.
  • Rosenblatt reiterated it as Neutral and increased its price target from $39 to $55.
  • Cowen reiterated a Market Perform rating and raised its price target to $58 from $48.
  • Truist reiterated its Hold rating and raised its target price to $64 from $43.
  • Goldman Sachs reiterated it as a Buy and raised its price target to $78 from $55.
  • Morgan Stanley reiterated an Equal Weight rating and raised its target to $54 from $50.

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.


Jefferies favors three stocks in what it calls the digital gaming matrix. They are Buy rated at the firm and all make sense for aggressive growth investors looking to invest in this massive and fast-growing digital gaming and fantasy sports arena.

Note that short sellers bought into FAANG stocks Facebook, Amazon and Alphabet in the most recent period.

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