Cabot Oil, Rocket Companies, Squarespace, Target and More Tuesday Afternoon Analyst Calls

Investing

Published: June 8, 2021 11:50 am

Last Updated: June 14, 2021 1:14 pm

With the trading day about halfway over, the markets were trading sideways, although the tech sector was helping prop up the Nasdaq with a slight gain. Energy stocks were relatively higher as oil seems to be inching upward. The S&P 500 and Dow Jones industrial average were practically flat, while the Nasdaq was up about 0.2%.

24/7 Wall St. is reviewing some big analyst calls seen 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 AutoDesk, Biogen, Delta Air Lines, Facebook, Marvell Technologies and more.

Abercrombie & Fitch Co. (NYSE: ANF): Argus upgraded the stock to a Buy rating from Hold, and the firm has a $47 price target. The shares traded near $41 on Tuesday, in a 52-week trading range of $9.30 to $44.49. The consensus price target is $50.11.

Cabot Oil & Gas Corp. (NYSE: COG): Johnson Rice downgraded its Hold rating to Sell and cut the price target to $18 from $21. Shares were trading around $17, in the 52-week range of $15.76 to $22.67. The consensus price target is $22.67.

EOG Resources Inc. (NYSE: EOG): Johnson Rice’s downgrade to Hold from Accumulate was accompanied by a price target hike to $105 from $88. The stock traded near $87 on Tuesday, in a 52-week range of $31.22 to $87.99. The consensus price target is $90.74.

Harpoon Therapeutics Inc. (NASDAQ: HARP): Citigroup downgraded it to Neutral from Buy and cut the price target to $16 from $25. On Tuesday, the stock traded around $15. The 52-week trading range is $10.55 to $25.24. The consensus price target is $30.20.

Rocket Companies Inc. (NYSE: RKT): Argus initiated coverage with a Buy rating and a $23 price target. Piper Sandler also started it at Neutral with an $18 price target. The stock traded near $20.93 on Tuesday, in a 52-week range of $16.22 to $43.00. It has a consensus price target of $20.58.

Squarespace Inc. (NYSE: SQSP): Atlantic Securities initiated coverage with an Overweight rating and a $70 price target. The stock was changing hands at around $55 apiece, in a 52-week range of $42.82 to $55.88.

Teledyne Technologies Inc. (NYSE: TDY): Goldman Sachs resumed coverage with a Neutral rating and a $447 price target. Shares were trading around $420, in the 52-week range of $289.19 to $457.79. It has a consensus price target of $499.00.

Target Corp. (NYSE: TGT): UBS upgraded it to Buy from Neutral and lifted the price target to $265 from $210. The stock traded near $235 on Tuesday, in a 52-week range of $114.81 to $235.47. It has a consensus analyst target of $247.24.

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