AMC, AutoZone, Nordstrom and More Wednesday Afternoon Analyst Calls

Investing

Published: May 26, 2021 11:26 am

With the trading day about halfway over, the markets were holding positive, despite a weak start to the day. The Nasdaq was doing the best out of the group, up 0.5%, whereas the Dow Jones industrial average and S&P 500 are each only 0.2% higher.

24/7 Wall St. is reviewing some big analyst calls seen on Wednesday. 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 Wednesday that included Boston Scientific, Intel, Kinder Morgan, Riot Blockchain, Virgin Galactic and more.

AMC Entertainment Holdings Inc. (NYSE: AMC): B. Riley downgraded it to Neutral from Buy and has a $16 price target. The shares traded near $18 on Wednesday, in a 52-week trading range of $1.91 to $20.36. The consensus price target is $5.11.

AutoZone Inc. (NYSE: AZO): RBC reiterated a Sector Perform rating and cut the price target to $1,565 from $1,596. Shares were trading around $1,395, in the 52-week range of $1,074.45 to $1,542.30. The consensus price target is $1,650.88.

Cal-Maine Foods Inc. (NASDAQ: CALM): BofA Securities downgraded its Buy rating to Underperform and cut the price target to $38 from $47. The stock traded near $35 on Wednesday, in a 52-week range of $34.64 to $46.66. It has a consensus price target of $45.33.

DuPont de Nemours Inc. (NYSE: DD): Morgan Stanley resumed coverage with an Equal Weight rating and a $98 price target. On Wednesday, the stock traded around $83. The 52-week trading range is $48.24 to $87.27. The consensus price target is $88.89.

Nordstrom Inc. (NYSE: JWN): Telsey Advisory reiterated a Market Perform rating and cut the price target to $36 from $44. The stock traded near $33 on Wednesday, in a 52-week range of $11.72 to $46.45. It has a consensus price target of $35.88.

Vimeo Inc. (NASDAQ: VMEO): Truist initiated coverage with a Buy rating and a $54 price target. Shares were trading around $43, in the 52-week range of $40.38 to $57.00.

24/7 Wall St.
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Information technology plays a massive part in corporate productivity, and many of the top stocks look primed for a nice second half of 2021 as IT demand picks up again. BofA Securities is very positive on four industry leaders.

Note that short sellers have made some big moves in Alphabet, Amazon, Apple and General Motors.

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