Stocks quoted in this article:
Analysts are weighing in today on automaker Ford Motor Company (NYSE:F), Chinese search engine Baidu Inc (ADR) (NASDAQ:BIDU), and coffee giant Starbucks Corporation (NASDAQ:SBUX). Here's a quick roundup of today's bullish brokerage notes.
- F touched a three-year high of $18.12 yesterday, and settled at $17.84, after the firm reported stronger-than-expected earnings. The shares are looking to extend their upward momentum this morning, thanks to a trio of upbeat analyst notes. J.P. Morgan Securities hiked its price target to $21 from $20, RBC lifted its price target to $19 from $18, and Buckingham boosted its price target by $2 to $14. Most analysts are already in the bullish camp when it comes to Ford Motor Company, as the stock boasts eight "buy" or better endorsements, compared to six "holds" and not a single "sell."
- BIDU -- which notched a record high of $205.50 before settling at $204.27 on Thursday -- is headed nearly 8% higher out of the gate. The company last night reported much stronger-than-anticipated quarterly figures, and is set to continue its string of solid earnings reactions. Analysts this morning are upwardly revising their opinions on Baidu Inc (ADR) shares, including Jefferies and Pacific Crest, which each upped their price targets to $260.
- Finally, SBUX also unveiled stronger-than-expected quarterly earnings and revenue, and projected fiscal fourth-quarter earnings in line with estimates. As a result, Jefferies, J.P. Morgan Securities, and Buckingham lifted their price targets on SBUX to $88, $85, and $96, respectively. The shares settled at $80.45 -- a year-to-date closing high -- on Thursday, but despite the earnings beat are poised to open more than 3% lower. Perhaps the bulls' club was already crowded; Starbucks Corporation boasts 18 "buy" or better ratings, compared to four "holds" and not one "sell."