Apple Inc. (NASDAQ:AAPL) shares are trading slightly down to $112.40, as markets are settling down after the tumult of the past two weeks, which saw Chinese stocks plunge, wiping out gains for the year. U.S. stocks are trading lower as volatility continues to rule on Wall Street in a turbulent week that saw the major indexes swing dramatically and fall into official correction territory for the first time since 2011. According to the 34 analysts polled by TipRanks in the last 3 months, 25 are bullish on Apple, 8 are neutral, while only one is bearhis. The average 12-month price target is $148.86, representing a 31.83% potential upside from where shares last closed.
Seadrill Ltd (NYSE:SDRL) shares slipped -6.37% to $6.91 Friday morning, as Oil futures pulled back, yet remained on track for a sizable weekly advance after scoring their biggest one-day gain in more than five years in the prior session. The oil price headed south again as investors booked profits and worries about oversupply returned to the fore. Analysts believe that while positive US economic data gave some stimulus to Thursday’s 10% gain in oil, much of the gains came as investors covered their short positions and took profits. Now the market is once again refocused on fundamentals and the continued glut of supply. According to the 12 analysts polled by TipRanks in the last 12 months, 6 are bearish on Seadrill, 4 are neutral, and only two are bullish.
El Pollo LoCo Holdings Inc (NASDAQ:LOCO) shares popped 3.49% to $13.06, after Stifel Nicolaus analyst Paul Westra upgraded the stock from a Hold to a Buy rating with a price target of $17, which implies a potential upside of nearly 30%. The increased rating comes in response to the company’s position in the growing Mexican cuisine market and a nimble, operations-focused management, and an attractive share price. According to the 5 analysts polled by TipRanks in the last 12 months, 4 are bullish on LOCO, while only one is neutral. The average 12-month price target is $40, marking a 42.63% potential upside from where shares last closed.
Don’t be late to the party – Click Here to see what 4500 Wall Street Analysts say about your stocks.