On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Broadcom Inc. (NASDAQ:AVGO) is a buy.
On Oct. 14, Mizuho analyst Vijay Rakesh maintained Broadcom with an Outperform and raised the price target from $190 to $220.
The “Mad Money” host recommended staying away from Blue Bird Corporation (NASDAQ:BLBD). “I just don’t see the growth,” he noted.
On Oct. 9, BTIG analyst Gregory Lewis initiated coverage on Blue Bird with a Buy rating and announced a price target of $55.
Cramer likes The Cigna Group (NYSE:CI). “It’s two thumb up,” he added.
On Wednesday, Cigna’s board declared a cash dividend of $1.40 per share of its common stock, payable on Dec. 19, to shareholders of record as of the close of business on Dec. 4.
Enphase Energy, Inc. (NASDAQ:ENPH) has “just been clobbered already,” Cramer said. “I don’t want you to sell it all the way down here.”
On Oct. 22, Enphase Energy reported third-quarter revenue of $380.9 million, missing the consensus estimate of $391.979 million. The solar company reported adjusted earnings of 65 cents per share, missing analyst estimates of 77 cents per share, according to Benzinga Pro.
Cramer recommended staying away from ZIM Integrated Shipping Services Ltd. (NYSE:ZIM).
On Wednesday, Barclays analyst Alexia Dogani maintained ZIM Integrated Shipping with an Underweight and raised the price target from $12.30 to $13.90.
Price Action:
- Enphase Energy shares gained 3.4% to settle at $81.10 on Thursday.
- Cigna shares gained 0.2% to close at $318.24.
- Zim Integrated Shipping shares rose 0.9% to settle at $22.66 during the session.
- Broadcom shares fell 1.2% to settle at $171.35 on Thursday.
- Blue Bird shares fell 1.7% to close at $41.16 during the session.
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