Market Overview

Benzinga's Top Analyst Calls From April 13, 2018

  • KeyBanc initiates coverage on PagSeguro Digital Ltd (NYSE: PAGS) with Overweight rating and $24 price target; Says a transparent, feature-rich brand and a low-cost business model give co. a strong position in Brazil’s digital payment space.
  • Cowen downgrades Starbucks Corporation (NASDAQ: SBUX)from Outperform to Market Perform, lowers price target from $68 to $65; Says low gift card activation could signify diminishing success, craft coffee shop growth could impact same-store sales.
  • Morgan Stanley upgrades HollyFrontier Corp (NYSE: HFC) from Underweight to Equal-Weight, raises price target from $48 to $60 on projections of elevated inventories and likelihood of higher demand due to summer driving season.
  • Chardan downgrades Assembly Biosciences Inc (NASDAQ: ASMB) from Buy to Neutral but raises price target from $35 to $50; Acknowledges positive Hep B antiviral data, but says co. is undifferentiated from highly capitalized competitor Johnson & Johnson (NYSE: JNJ)
  • BMO upgrades Eli Lilly And Co (NYSE: LLY) from Underperform to Market Perform, says previous concerns over Humalog, Vernezio and Bari are priced in. Says risk/reward is more balanced going forward, though 2018 should continue to be volatile for stock.
  • Buckingham Research reiterates Buy rating on LPMorgan Chase & Co. (NYSE: JPM), sees upside from market share gains across all business, higher rates and recovery capital markets activity levels.
  • KeyBanc lowers price target on Fastenal Company (NYSE: FAST) as combination of high expectations and margin concerns stemming from product/customer mix and timing of price actions presents near-term concerns.

See Also:

Benzinga's Top Upgrades, Downgrades For April 13, 2018

Benzinga Pro's 5 Stocks To Watch Today

Posted-In: Analyst Color Price Target Analyst Ratings


Related Articles (FAST + ASMB)

View Comments and Join the Discussion!

Analyst Says SNAP Benefits Are Safe, Despite New House Bill

Next Week's Round Of Bank Earnings Includes Bank Of America, Goldman Sachs And Morgan Stanley