Bank of America Recommended on Weakness and 4 Must-See Stock Analyses
Devon Energy Corporation (NYSE:DVN): Current Price: $54.49
The company’s target has been lowered by Oppenheimer as a result of lower U.S. natural gas prices. The firm is convinced that the company may possibly launch a large share buyback initiative if a tax reform measure is passed, and it keeps its Outperform rating on the stock.
Citigroup, Inc. (NYSE:C): Current Price: $41.50
Citigroup reported lower Q4 EPS than previously predicted, and Oppenheimer doesn’t show much concern regarding the bank’s lower than expected Q4 trading revenue. The firm remains convinced that all other items in the bank’s income statement were “fine,” and it keeps its Outperform rating on the stock.
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Bank of America Corporation (NYSE:BAC): Current Price: $11.15
According to Baird investors should be opportunistic buyers on weakness of Bank of America shares after the company’s Q4 results. The firm predicts that the company’s earnings will keep showing improvement but notes that expectations are now higher and shares trade at a premium to other mega-cap banks. The firm keeps a Neutral rating and a $12 price target on the stock.
Waters Corp. (NYSE:WAT): Current Price: $91.10
Ahead of Waters’ Q2 results, Baird increased its price target on the stock. The firm believes it will see in-line results and that guidance will be in-line with expectations. Baird introduced a new model and valuation analysis that will include financials through 2018. The firm keeps its Outperform rating and increases its price target on the stock.
Jamba, Inc. (NASDAQ:JMBA): Current Price: $2.50
Northland Securities still names Jamba as a top pick and is convinced that the company has entered a growth phase and will capitalize on its strong brand name. Shares have an Outperform rating and a $3.50 price target.
Investing Insights: Which Way Is Citigroup Heading?