AMC, AutoZone, Nordstrom and more Wednesday Afternoon Analyst Calls – 24/7 Wall St.
With the trading day roughly halfway through, the markets remained positive despite a weak start to the day. The Nasdaq got the best of the group, up 0.5%, while the Dow Jones industrial average and the S&P 500 are each only 0.2% higher.
24/7 Wall St. reviews some big analyst calls seen on Wednesday. We’ve included the latest analyst call on each stock, as well as recent trading history and consensus goals among analysts.
For those who might have missed it, 24/7 Wall St. had already had a series 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 demoted it to Neutral from Buy and has a price target of $ 16. The shares traded close to $ 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 performance rating and reduced the price target to $ 1,565 from $ 1,596. The 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 lowered the price target from $ 47 to $ 38. The stock traded close to $ 35 on Wednesday, in a 52-week range of $ 34.64 to $ 46.66. He has a consensus price target of $ 45.33.
DuPont de Nemours Inc. (NYSE: DD): Morgan Stanley took over the hedge with an equal weight rating and a price target of $ 98. The stock traded around $ 83 on Wednesday. The 52 week trading range is from $ 48.24 to $ 87.27. The consensus price target is $ 88.89.
Nordstrom Inc. (NYSE: JWN): Telsey Advisory reiterated a market performance rating and reduced the price target from $ 44 to $ 36. The stock traded close to $ 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 launched a cover with a buy rating and a price target of $ 54. The shares were trading around $ 43, in the 52-week range of $ 40.38 to $ 57.00.
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Information technology plays a major role in business productivity, and many of the top stocks look set for a healthy second half of 2021 as IT demand recovers. BofA Securities is very positive on four industry leaders.
Note that short sellers have made great strides in Alphabet, Amazon, Apple, and General Motors.