Diamond Member Pelican Press 0 Posted June 3, 2024 Diamond Member Share Posted June 3, 2024 These are JPMorgan’s top stock picks for clients heading into June JPMorgan highlighted a group of stocks to kick off the new trading month, reflecting its analysts top picks and some new favorites, including Carvana and L3Harris Technologies . The firm’s focus list includes its top equity ideas targeted around growth, income, value and short strategies, according to a Monday note. Each of the stocks on the list have an overweight rating. Here are some of the top picks: Defense contractor L3Harris Technologies , a stock freshly added to the firm’s focus list, is up 6.4% for the year and could climb another 11.2%, according to JPMorgan. Wells Fargo agrees with JPMorgan and on Monday lifted its price target to $262 From $245 and kept its overweight rating on shares, saying that potentially troughing margins could lift the stock. ******* Airlines is up nearly 28% this year, and JPMorgan thinks the stock could have a roughly 85% rally over the next year. Despite ongoing Boeing delivery delays, investor optimism on the stock was renewed after the U.S. carrier reported second-quarter earnings that came out ahead of Wall Street’s estimates. Other analysts agree. Jefferies recently upgraded the airline to buy from hold , hiking its price target by $11 to $65. Jefferies analyst Sheila Kahyaoglu pointed to ******* Airlines’ investments in its product offering, specifically ******* Next , through which the company aims to introduce more than 800 aircrafts to its fleet. Higher international margins and increased free cash flow generation compared to this time last year should also help drive shares higher, the analyst said. Ulta Beauty made the cut alongside another well-known beauty name and a selection of other consumer discretionary stocks. With a $544 price target, the beauty stock could climb 37.7%, according to JPMorgan. This year, shares are down 19.4%, however, reflecting concerns about a slowdown in the mass-market beauty industry and higher competition from beauty product retailers like Sephora. Other stocks that made the list include Carvana , McDonald’s and Lowe’s and JPMorgan. This is the hidden content, please Sign In or Sign Up Investment strategy,Stock markets,Carvana Co,Ulta Beauty Inc,McDonald's Corp,Lowe's Companies Inc,Breaking News: Markets,Markets,L3harris Technologies Inc,******* Airlines Holdings Inc,JPMORGAN DRN,business news #JPMorgans #top #stock #picks #clients #heading #June This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/42140-these-are-jpmorgan%E2%80%99s-top-stock-picks-for-clients-heading-into-june/ Share on other sites More sharing options...
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