Chesapeake Energy, Dick’s Sporting Goods, Unity Software and More Wednesday Afternoon Analyst Calls

Stocks were mixed in the midday Wednesday’s trading, as the S&P 500 tried to post an all-time high for the fifth straight day. Once again Tuesday, both the S&P 500 and the Nasdaq printed all-time highs. Investors are keeping an eye on the tug-of-war between Republicans and the president over the infrastructure bill, as Senate minority leader Mitch McConnell says the infrastructure bill hinges on Democrats abandoning plans to link it with a larger reconciliation package. Wall Street is also waiting for Friday’s June jobs report, which could also be a major market mover.

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.

In case you missed it, Wednesday’s early analyst upgrades and downgrades included Allegro Microsystems, JinkoSolar, Masco, Micron Technology, Plug Power, Smith & Wesson and Virgin Galactic.

Carlisle Companies Inc. (NYSE: CSL): Northcoast raised the stock to Buy from Neutral and has a $230 price target. That compares with a consensus target of $216. The shares have traded in a 52-week range of $111.79 and $197.21.

Chesapeake Energy Corp. (NYSE: CHK): Capital One started coverage with an Equal Weight rating and a $57 price target. The consensus target is set higher at $63.80. Over the past year, the stock has traded between $40.00 and $56.99.

Cohu Inc. (NASDAQ: COHU): Rosenblatt started coverage with a Buy rating and a $65 price target. The lower consensus price objective is $58.67. The stock has traded in a 52-week range of $15.73 to $51.86.

Dick’s Sporting Goods Inc. (NYSE: DKS): Cowen reiterated its Outperform rating on the popular retailer and raised the price target to $147 from $132. The posted consensus target is $112.22. Over the past 52 weeks, the shares have traded between $37.68 and $102.92.

Shoals Technologies Group Inc. (NASDAQ: SHLS): Piper Sandler started shares of the solar energy parts company with an Overweight rating and a $43 price target. The consensus target is $39.80. The shares have traded between $20.94 and $0.44 over the past 52 weeks.

Open Text Corp. (NASDAQ: OTEX): Barclays downgraded the shares to Equal Weight from Overweight and has a $56 price target, not far from the consensus target of $56.88. The stock has traded between $36.18 and $51.84 a share over the past year.

Score Media and Gaming Inc. (NASDAQ: SCR): Morgan Stanley started coverage with an Equal Weigh rating, and the firm has a $22 price target. No consensus target was available. The stock has traded in a wide 52-week range from $4.03 to $45.00.

Sempra Energy Inc. (NYSE: SRE): BofA Securities downgraded the stock from Buy to Neutral with a $135 price target. The consensus target is up at $150.73. The 52-week trading range for the shares is $112.33 to $143.93.

TechTarget Inc. (NASDAQ: TTGT): JPMorgan started coverage with a Neutral rating and an $81 price target. The consensus target is up at $93.14, and the stock has traded in a 52-week range of $29.80 and $101.12.

Unity Software Inc. (NYSE: U): Morgan Stanley began coverage with an Equal Weight rating and a $115 price target. The consensus target is $123.78. Over the past year, the shares have traded between $65.11 and $174.94.

The analysts at BofA Securities have made some big changes to the firm’s US 1 list of top stock recommendations. FedEx stock was added, and four that have performed admirably were removed.

Jim Cramer has thoughts on index investing, and Warren Buffett and Charlie Munger opine about China, Robinhood, Zoom and more.


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article