With the trading day more than halfway over, the markets were bouncing back from Tuesday’s pullback. Although the gains were somewhat muted on Wednesday, the S&P 500 hit a new all-time high. Crude oil dropped off a fair amount, dipping back below $72. Also, analysts were out in force today covering bank stocks.
24/7 Wall St. is reviewing some big analyst calls seen on Tuesday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Wednesday that included American Airlines, Bank of America, Morgan Stanley, Rite Aid, Wells Fargo, and more.
Citigroup Inc. (NYSE: C): Keefe Bruyette resumed coverage with an Outperform rating and an $85 price target. The shares traded near $68 on Wednesday, in a 52-week trading range of $40.49 to $80.29. The consensus price target is $85.48.
Coinbase Global Inc. (NASDAQ: COIN): Oppenheimer reiterated an Outperform rating and raised the price target to $444 from $434. The stock was changing hands around $235 a share on Wednesday, in a 52-week range of $208.00 to $429.54.
Comerica Inc. (NYSE: CMA): Keefe Bruyette resumed coverage with a Market Perform and a $73 price target. The stock traded near $69 on Wednesday, in a 52-week range of $32.93 to $79.86. It has a consensus price target of $77.69.
Goldman Sachs Group Inc. (NYSE: GS): Keefe Bruyette resumed coverage with a Market Perform rating and a $391 price target. The stock traded near $367 on Wednesday, in a 52-week range of $185.52 to $393.26. It has a consensus price target of $408.10.
JPMorgan Chase & Co. (NYSE: JPM): Keefe Bruyette resumed coverage with a Market Perform rating and a $167 price target. Shares were trading at around $154, in the 52-week range of $90.78 to $167.44. The consensus price target is $167.48.
SMART Global Holdings, Inc. (NASDAQ: SGH): Needham reiterated a Buy rating and raised the price target to $75 from $65. On Wednesday, the stock traded around $57. The 52-week trading range is $23.54 to $57.70. The consensus price target is $64.75.
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