Positive price action presents imminent price targets for these 3 stocks

Read up on MDU Resources Group, Inc., Anheuser-Busch, Olin Corporation as they approach key price targets in the near term.

A quick recap of where the last trading session ended: Markets were up yesterday; Nasdaq closed the day at 12,976, having gained 2.19%. S&P 500 ended the session at 4,205.45 after a 1.3% gain.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Let's review some stocks and their price targets.

MDU (MDU) Price target: $29.23 | Last price: $29.29 | Daily range: $29.23 – $29.81

$29.23 is only 6 cents away for MDU Resources Group, Inc. and might put a stop to its current downtrend.

MDU's bearish run has lasted 5 days so far (-47 cents). yesterday's session continued the recent downtrend: MDU ended Thursday's session at $29.38. yesterday started with an increase to $29.81, but dropped back and closed at $29.29. Daily trading volume (1.23 million shares) was slightly greater than the current multiday average of 1.18 million.

Buyers pushing Anheuser-Busch towards its price target of $57.19; currently at $57.15

Pronounced bullish sentiment in the market helped the Belgian brewing company to make a notable 0.49% gain yesterday, rising 28 cents and ultimately closing at $57.15. Yesterday's gains are in contrast to Anheuser-Busch's bearish trend (lasting 17 days) during which it lost $9.03 of its value. The volume of trade was 2.29 million shares, close to the daily average of 2.30 million shares.

The Belgian brewing company is now trading 14.78% below the significant high of $66.73 it set around a month ago. The Belgian brewing company's market cap currently stands at $113.53 billion with an average daily trading volume of 2.30 million shares. So far this year, it has been doing worse than the S&P by 13%. Anheuser-Busch expected revenue of $14.22 billion with an EPS of 64 cents.

Anheuser-Busch's run now faces a challenge at $57.19, which is only 4 cents away and will be interesting to follow.

Buyers pushing Olin towards its price target of $50.69; currently at $50.58

It will be interesting to follow how Olin's run now faces a challenge at $50.69, which is only 11 cents away.

While in the midst of a 7 day downtrend, losing a total of 6.94% ($4.51), a possible change of direction spotted from yesterday; pronounced bullish sentiment in the market helped the chemical products and ammunition manufacturer to make a notable 1.48% gain yesterday, rising 74 cents and ultimately closing at $50.58. The day's trading volume totalled 1.37 million shares — slightly under the 21-day average of 1.42 million.