Stocks to Watch: Mobileye (MBLY), Netflix (NFLX), Harley-Davidson (HOG), Cirrus Logic (CRUS)

netflix stock

Mobileye N.V. (MBLY) was reiterated an ‘Outperform’ by RBC Capital Markets analysts on Tuesday. The broker also raised its price target on the stock to $53 from $47, noting Mobileye’s announced partnership with BMW and Intel (INTC) to bring a fully autonomous vehicle to market by 2021, is a validation that shows the company is a key enabler of the difficult engineering challenge that is autonomous driving. Separately, Pacific Crest this morning kept a ‘Sector Weight’ rating on the stock, saying it does not believe the company’s performance will justify its valuation.

Mobileye’s stock is down 4.35% to $45.06 at 2:04 p.m. ETD on Tuesday.

Guggenheim analyst Mike Morris added Netflix (NFLX) stock to the “Best Idea List”. The analyst reiterated his ‘Buy’ rating with an aggressive price target of $150 per share, representing upside of 55% from yesterday’s closing price of $96.67. Morris said shares are down 15% year-to-date and believes that all overhangs are reflected in shares at this point and sees positive catalysts ahead.

Netflix shares are up more than 1.50% in mid-day trading on 21 million shares.

Harley-Davidson, Inc. (HOG) is one of today’s notable stocks in decline, down as much as 11 percent after Robert W. Baird analysts said there was “no information that would corroborate takeout speculation surrounding the company.” This follows reports that private equity firm KKR & Co. (KKR) would buy Harley-Davidson for $65 per share. Robert W. Baird downgraded the $8.75 billion market cap motorcycle maker to ‘Neutral’ from ‘Outperform’ and set a target price at $54 following merger speculation.

Harley-Davidson Inc., currently with a median Street price target of $50 and a high target of $57, dropped $5.90 to $48.34 in recent trading.

Cirrus Logic Inc. (CRUS) shares plunged more than 6 percent after the name was downgraded from ‘Overweight’ to ‘Sector Weight’ at Pacific Crest.

Shares have traded today between $34.82 and $36.64 with the price of the stock fluctuating between $24.56 to $40.98 over the last 52 weeks.

Cirrus Logic Inc. shares are currently changing hands at 19.05x this year’s forecasted earnings, compared to the industry’s 25.28x earnings multiple. Ticker has a t-12 price/sales ratio of 2.02. EPS for the same period registers at $1.87.

Shares of Cirrus have lost $2.41 to $35.63 in mid-day trading on Tuesday, giving it a market cap of $2.22 billion. The stock traded as high as $40.98 on June 23, 2016.

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