Home 2020 Wall Street Analysts Raising Price Targets on Leading Companies

Wall Street Analysts Raising Price Targets on Leading Companies



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
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 A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is 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.