Wall Street Analysts Raising Price Targets on Leading Companies

Wall Street Analysts Raising Price Targets on Leading Companies

$AAL, $ADBE, $AVGO, $DLTR, $LEN, $KMX, $EBAY, $SPY

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

CompanyTicker% Ch. Price Target From A Month AgoPrice Target NowRemaining Upside To TargetSectorComposite Rating
Lennar(LEN)30.9%69.509.5%Consumer Discretionary92
Adobe(ADBE)23.2%421.021.8%Information Technology99
Equifax(EFX)20.9%172.161.0%Industrials95
Leggett & Platt(LEG)18.4%34.330.2%Consumer Discretionary35
eBay(EBAY)18.1%48.981.1%Consumer Discretionary96
Dollar Tree(DLTR)17.2%104.2417.0%Consumer Discretionary83
American Airlines(AAL)17.0%13.22-22.2%Industrials3
CarMax(KMX)16.8%93.87-3.2%Consumer Discretionary95
Broadcom(AVGO)16.3%344.8810.0%Information Technology95

Source: S&P Global Market Intelligence

Have a healthy weekend, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.