Today, we examine recent price target shifts from some of the most highly rated analysts in the NewsQuantified System.
We record a Win% for every analyst to answer a simple question: how often are a given analyst’s stock predictions actually born out?
JP Morgan has recorded an impressive 68% Win%. They upgraded Taiwan Semiconductor early Tuesday morning.
While TSM has struggled of late, issuing a series of downward earnings revisions, JP Morgan believes investors have oversold the stock. Looking past concerns over iPhone demand, Morgan predicts TSM will begin moving its earnings estimates up. They moved the stock from a “neutral” to an “overweight” rating.
Taiwan Semiconductor Manufacturing Company is the largest independent manufacturer of semiconductors in the world.
Bank of America has racked up an impressive 70+Win% in the NewsQuantified system. They upgraded C.H. Robinson Worldwide on Tuesday, placing a $86 price target on the 70$ stock.
C.H. Robinson is a third-party logistics and supply chain management provider, one of the largest so-called “trucking brokers” in the world.
BoA-Merill analysts noted that CHRW is set to benefit from price volatility in a trucking market that is nearing capacity. CHRW has the unique market strength to retain drivers in a tight market.
Morgan Stanley, boasting a 79% win rate, was upgraded Vornado Realty Trust on Tuesday.
Recent retail vacancies have soured some investors on the NYC real estate market. But Morgan Stanley believes tax data suggests the shift is transient, driven by rising rates, rather than a systemic effect of e-commerce.
Diverse Plays, Great Profits: All in a single news day.
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A powerful news analytics platform like NewsQuantified not only makes it easy to track the news, but to quickly compare news events with key financial information. Today’s plays make the power of this news-based trading approach clear. No small investor could be expected to track all these companies, diverse across industry, market cap, and valuation.
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