CNBC has taken on the task of collecting the recommendations of a number of analysts from the major American bank Bank of America, in the hope of getting some good tips ahead of the earnings season.
According to the website the big bank has said that there are several purchase options of “high quality” which does not receive enough attention from investors.
This includes, among others, the companies Broadcom, Mondolez and Rollins, where the latter is a North American company engaged in pest control.
– We see limited risk for the growth path going forward, neither a weak housing market, recession, competition nor weather conditions. Therefore, we believe that the share deserves to be traded at a premium multiple, says Bank of America analyst Jason Haas.
So far this year, the share is up 22 percent and was traded on Friday evening for 44.5 dollars per share. stock. Haas has set a price target of $49 per share. stock.
Sees upside in solar cells
Bank of America analyst Julien Dumoulin-Smith has picked solar company SolarEdge as one of his favourites.
“We believe the company’s revenue and gross margin will land at the upper end of guidance for the second quarter, driven by increased volume and price, despite investor concerns,” he wrote in an update.
“Even with ambitious growth targets, we still have confidence in the company’s ability to compete in these markets, given the company’s valuation and 5 to 10 year track record.”
The share is down 4 percent this year and was traded on Friday evening for $273.6 per share. stock.
Another favorite is the Canadian conglomerate Thomson Reuters analyst Heather Balsky expects a significant increase in sales in the coming months. At the same time, she says that the company will be able to be an important player in generative artificial intelligence.
The share is up 12 per cent this year, and according to Balsky there is “much more” room for further growth.
2023-07-15 14:04:52
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