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Today's top analyst calls - Sept 8: INTC T UHS OLLI WIX

ON THE SIDELINES: Deutsche Bank analyst Ross Seymore resumed coverage of Intel ($INTC) with a Hold rating and $58 price target. The analyst views success in the foundry market as "largely aspirational," but he's "generally bullish" on Intel's commitment and ability to fix its manufacturing process technology, as well as its willingness to utilize foundries to build leadership products until that internal manufacturing is improved.

BUY AT&T: LightShed Partners analyst Walter Piecyk initiated coverage of AT&T ($T) with a Buy rating and $36 price target. The analyst believes AT&T's wireless and fiber growth opportunity is "not being properly recognized by the market." Furthermore, Piecyk believes that "it won't be long before share repurchases become part of the narrative."

SELL UNIVERSAL HEALTH: Goldman Sachs analyst Jamie Perse downgraded Universal Health ($UHS) to Sell from Neutral with a price target of $150, down from $155. The analyst sees "increasing pressure" in the inpatient psychiatric labor market and believes there are better opportunities to play the acute care recovery where Universal Health has "just" 45% exposure as a percent of EBITDA. Perse also sees downside to consensus EBITDA estimates and believes the stock as likely to underperform over the next year.

BUY ON PULLBACK: Berenberg analyst Brian McNamara upgraded Ollie's Bargain Outlet ($OLLI) to Buy from Hold with an unchanged price target of $98. The analyst sees an attractive valuation and 35% upside following the stock's recent pullback. The tailwinds that helped sales during the pandemic have now diminished, McNamara told investors in a research note, adding that he believes Ollie's comps are back to historical norms of slightly above 2%.

RISK FOR VOLATILITY: Piper Sandler analyst Clarke Jeffries initiated coverage of Wix.com ($WIX) with a Neutral rating and $252 price target. Due to rising uncertainty on the pace of economies reopening, the analyst sees a "risk for volatility in shares until macro factors stabilize."


Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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