Studies have shown that broker upgrades lead to short-term outperformance. Stocks recently upgraded by brokerage analysts include The Coca-Cola Company (NYSE: KO), Analog Devices, Inc. (NYSE: ADI), General Electric (NYSE: GE) and JPMorgan Chase & Co. (NYSE: JPM). To learn more about how you can profit from broker upgrades, visit: http://at.zacks.com/?id=139.
Here is a synopsis of stocks with recent broker upgrades:
The Coca-Cola Company’s (NYSE: KO) Average Broker Recommendation is up to 1.63 of late. The world’s largest beverage company faces its fair share of challenges, but analysts at Zacks Research Digest also have a good deal of positive arguments. They are encouraged by its long-term focus on pricing and profitability, which is preferable to a focus on volume. Furthermore, the company’s focus on growth products is beneficial, including non-carbonated beverages and mid-calorie soft drinks. Additional strengths come from its geographic mix, especially the growth markets of Eurasia and Africa, and its history of innovation through a strong product pipeline.
Analog Devices, Inc. (NYSE: ADI) watched its Average Broker Recommendation rise to 2.46. According to Zacks Research Digest, analysts believe ADI’s diversified business mix will allow it to take greater advantage of market opportunities as they emerge. The company has a diverse and complementary product portfolio, which has enabled it to combine the functionality of individual components. It also provides the development platform and software tools that make it easier for customers to differentiate products.
General Electric’s (NYSE: GE) Average Broker Recommendation advanced to 1.54 recently. The majority of analysts believe GE is well-positioned to record strong growth in the coming years, according to Zacks Research Digest. The company has adopted strategic imperatives to strengthen its portfolio by building strong growth platforms and generating cash from low-return businesses. Its focus remains on accelerating organic growth and achieving technical and service excellence, building enduring customer relationships around the world and driving innovation through imaginative breakthroughs. Management has also highlighted its expansion efforts in the developing world, such as China, Russia, Eastern Europe and the Middle East, which could serve as a catalyst for growth in the next decade.
JPMorgan Chase & Co. (NYSE: JPM) reached 52-week highs on Feb 20, Feb 21 and Feb 22. The global financial services firm has also enjoyed a rise in its Average Broker Recommendation to 2.04. According to Zacks Research Digest, analysts like the company’s continued merger-related savings and its tight expense control. Furthermore, capital markets activity is expected to remain strong and merger benefit should provide revenue synergies. Furthermore, analysts believe that organic growth prospects appear strong, especially beyond the near-term headwind from declining rate-sensitive businesses, as stronger commercial loan demand begins to benefit the topline.
About Broker Upgrades
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