Investing

Arcturus Therapeutics, Chesapeake Energy, Square, and More Wednesday Afternoon Analyst Calls

Paul Ausick

Published: February 17, 2021 2:20 pm

With the trading day more than halfway over, the broad markets were trading mixed. The Dow traded up fractionally while the S&P 500 and Nasdaq traded down less than 1%.

For those that might have missed it, our earlier round of analyst calls on Wednesday included Blue Apron, Facebook, Palantir Technologies, Agilent, and more.

Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) was downgraded from Neutral to Sell at B. Riley. The stock’s 52-week range is $8.51 to $129.71 and shares traded at around $66.40 Wednesday afternoon. The consensus price target on the stock is $91.54.

Chesapeake Energy Inc. (NASDAQ: CHK) was initiated at Wells Fargo with an Overweight rating and a price target of $54 a share. The stock’s 52-week range is $41.55 to $45.47 following emerging from bankruptcy earlier this month. Shares traded up about 1% at around $44.00.

Fisker Inc. (NYSE: FSR) was started at R.F. Lafferty with a Buy rating and a price target of $23 a share.  The stock traded at around $19 Wednesday in a 52-week range of $8.70 to $23.63. The consensus price target on the stock is $21.20. The electric automaker came public in October.

Hexo Corp. (NYSE: HEXO) was upgraded from Neutral to Sector Outperform at CIBC and Alliance Global Partners maintained a Buy rating and boosted its price target from $9.50 to $14.00. Shares traded down nearly 6% Wednesday at $8.58 in a 52-week range of $1.38 to $11.04. The consensus price target on the stock is around $4.00.

Ralph Lauren Corp. (NYSE: RL) was reiterated at Outperform at Telsey Advisory Group and the firm lifted the price target on the stock from $120 to $130 per share. The stock traded down about 0.4% at $111.35 in a 52-week range of $59.82 to $122.58 with a consensus price target of $123.53.

Square Inc. (NYSE: SQ) was reiterated at Deutsche Bank as a Buy. The bank also lifted its price target from $255 to $330 per share. The stock traded down about 2% Wednesday at $270.45 in a 52-week range of $32.33 to $274.82, a new high set earlier in the day. The consensus price target on the stock is $227.37.

Under Armour Inc. (NYSE: UAA) was downgraded from Buy to Hold at Argus but left the price target unchanged at $20 per share. Shares traded up about 0.3% at $22.48 in a 52-week range of $7.15 to $23.50. The stock’s consensus price target is $22.08.