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3 Stocks Just Begging for Analyst Upgrades

Watch as the analysts finally get wise to these winners

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Seagate Technology

STX071713 300x188 3 Stocks Just Begging for Analyst Upgrades
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“Buy”: 20%
“Hold”: 64%
“Sell”: 16%

Seagate Technology (STX) manufactures storage devices for everything from gaming systems to corporate servers. Like many other old-school tech companies, STX shares have been on a tear as improving consumer sentiment figures and expectations for capex spending equate to a likely increase in demand for technology products. STX has bested earnings expectations two of the last four quarters, helping the stock to return more than 50% so far this year.

With only 20% “buy” recommendations on the stock, the shares are ripe for some upgrades. Based on this outlook, a target price of $60 before year’s end appears reasonable as the analyst crowd is likely to turn more heavily toward the bull side.

As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/3-stocks-just-begging-for-analyst-upgrades-axp-payx-stx/.

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