Benzinga's Top Analyst Calls From April 20, 2018

  • Stifel sees possible takeout price for Pinnacle Foods Inc PF in the mid- to upper-$70 range, suggesting potential upside of ~30 percent from pre-market price.
  • BMO upgrades Macerich Co MAC from Neutral to Buy, sees potential inflection point for fundamentals in 2018/2019, further supporting a recovery in shares.
  • Imperial Capital maintains Outperform rating and $19 price target on Gulfport Energy Corp GPOR as co. continues to shift to cash flow positive operations and eyes its share repurchase program.
  • BMO raises W.W. Grainger GWW price target from $247 to $255; “WW's sales trends are positive, mix is better and restructuring savings and execution provided operating leverage we did not expect," firm says, but believes co. is still overvalued.
  • Credit Suisse maintains Outperform rating on Amazon.com, Inc. AMZN and raises price target from $1,750 to $1,800, says the company is well-positioned to capture the next wave of retail dollars that are moving from offline to online.
  • Stifel lowers Philip Morris International Inc. PM price target from $125 to $100 after mixed earnings, but maintains Buy rating; “We continue to believe in iQOS and its power to reshape this company.”
  • Canaccord raises Atlassian Corporation PLC TEAM price target from $60 to $65; "We continue to believe Atlassian is a best-in-class outfit, and we heard nothing last night that shakes our conviction in this story."

See Also:

Benzinga's Top Upgrades, Downgrades For April 20, 2018

Benzinga Pro's 5 Stocks To watch Today

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