Wall Street analysts have price targets by 16% or more on 9 S&P 500 companies, including like Lennar (LEN) and American Airlines (AAL) plus tech Adobe (ADBE), 6 of the 9 are leading S&P 500 companies with a Composite Rating of 90 or higher.
That’s according our analysis of data from S&P Global Market Intelligence.
Such major upgrades show analysts are upgrading their outlook on some members of the S&P 500 amid the V-shaped recovery.
The SPDR S&P 500 ETF is just down 3% this year.
The market is pricing in the coming economic good news and the re-election of President Trump in November.
S&P 500 Stocks with large price target hikes
They are up the most in the past month
|Company||Ticker||% Ch. Price Target From A Month Ago||Price Target Now||Remaining Upside To Target||Sector||Composite Rating|
|Leggett & Platt||(LEG)||18.4%||34.33||0.2%||Consumer Discretionary||35|
|Dollar Tree||(DLTR)||17.2%||104.24||17.0%||Consumer Discretionary||83|
Source: S&P Global Market Intelligence
Have a healthy weekend, Keep the Faith!