Investing
Domino's, Editas, Roblox, Teva, US Steel and More Tuesday Afternoon Analyst Calls
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With the trading day more than halfway over, the broad markets were getting crushed. The Nasdaq was absolutely hammered, down over 2.5%. The S&P 500 saw a loss of over 1%, while the Dow Jones industrial average was a little more resilient, down only 0.7%. Each of these major indexes was within striking distance of all-time highs to start this week, but Tuesday has investors guessing where the markets could go from here.
24/7 Wall St. is looking at some big analyst calls seen so far on Tuesday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Tuesday that included Alphabet, Boeing, Coinbase, Dollar General, Kroger, McDonald’s and more.
Albertsons Companies Inc. (NYSE: ACI): Goldman Sachs downgraded the stock to Neutral from Buy and cut the price target to $20 from $23. The shares traded near $18 on Tuesday, in a 52-week trading range of $12.91 to $20.89. The consensus price target is $21.56.
Crown Castle International Corp. (NYSE: CCI): Raymond James lowered its Outperform rating to Market Perform. The stock traded near $186 on Tuesday, in a 52-week range of $146.15 to $189.59. It has a consensus price target of $192.63.
Domino’s Pizza Inc. (NYSE: DPZ): Northcoast downgraded it to Neutral from Buy. The stock traded near $434 on Tuesday, in a 52-week range of $319.71 to $436.58. It has a consensus price target of $435.15.
Editas Medicine Inc. (NASDAQ: EDIT): RBC Capital Markets initiated coverage with a Sector Perform rating with a $40 price target. On Tuesday, the stock traded around $34. The 52-week trading range is $23.51 to $99.95. Its consensus analyst target is $48.33.
Intellia Therapeutics Inc. (NASDAQ: NTLA): RBC Capital Markets started coverage with an Outperform rating with a $110 price target. The shares changed hands at around $72 on Tuesday. The 52-week trading range is $12.51 to $92.00. The consensus price target is $83.00.
Roblox Corp. (NYSE: RBLX): JPMorgan initiated coverage with an Overweight rating and an $85 price target. Shares were trading around $69, in the 52-week range of $60.50 to $83.41. The consensus price target is $77.00.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA): The UBS downgrade to Neutral from Buy included a price target cut to $11 from $15. The stock traded around $10 on Tuesday. The 52-week trading range is $8.44 to $13.30. Its consensus analyst target is $12.14.
United States Steel Corp. (NYSE: X): Credit Suisse upgraded it to Outperform from Underperform and raised its price target to $35 from $15. The stock traded near $25.87 on Tuesday, in a 52-week range of $6.58 to $27.40. It has a consensus price target of $20.42.
Walt Disney and two other outstanding stocks were added to the BofA Securities US 1 list of top recommendations, and with their shares backing up some recently, the current entry points are attractive now.
Check out the top holdings at ARK Invest and at the Bill and Melinda Gates Foundation.
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