This Analyst With 85% Accuracy Rate Sees 17% Upside In Honeywell International - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts with high accuracy rates have made recent stock picks, including Honeywell International, Hewlett Packard Enterprise, Lennar Corporation, US Foods Holding Corp., and The Boeing Company. These picks are based on recent financial results, earnings expectations, and company guidance.
June 10, 2024 | 10:55 am
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Wedbush's Jay McCanless reiterated an Underperform rating on Lennar Corporation with a price target of $144, seeing a 7% downside. Lennar is expected to release Q2 earnings on June 17.
The Underperform rating and anticipated downside ahead of earnings suggest a potential short-term decline for Lennar Corporation.
CONFIDENCE 86
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Baird's Peter Arment maintained an Outperform rating on The Boeing Company but cut the price target to $240, still seeing over 26% upside. Boeing recently launched its Starliner spacecraft with astronauts on board for the first time.
Despite the lowered price target, the Outperform rating and successful Starliner launch suggest a strong short-term upside for The Boeing Company.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Citigroup's Andrew Kaplowitz maintained a Buy rating on Honeywell International and increased the price target to $244, seeing a 17% surge. This follows Honeywell's raised guidance after acquiring Carrier Global's Global Access Solutions business.
The raised price target and Buy rating from a highly accurate analyst, combined with positive guidance following a strategic acquisition, suggest a strong short-term upside for Honeywell International.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo's Aaron Rakers maintained an Equal-Weight rating on Hewlett Packard Enterprise, raising the price target to $22, indicating a 10% increase. This follows HPE's better-than-expected Q2 financial results.
The raised price target and positive financial results suggest a potential short-term upside for Hewlett Packard Enterprise.
CONFIDENCE 87
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler's Brian Mullan maintained an Overweight rating on US Foods Holding Corp. and raised the price target to $61, indicating a 14% upside. US Foods reaffirmed its fiscal 2024 guidance.
The raised price target and reaffirmed guidance suggest a potential short-term upside for US Foods Holding Corp.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90