Here are Oppenheimer’s top stock picks heading into July

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Here are Oppenheimer’s top stock picks heading into July

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, Jefferies rates it a buy. The firm expects to see a recovery in ingredient industry volumes by the second half of this year, followed by further expansion heading into the second half of next year. Broadcom also made the list, even though the stock has already risen nearly 43% this year. Oppenheimer has its price target set at $2,000, which implies a 25.6% increase from Monday’s close. Underpinning Oppenheimer’s positive

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is a belief that the chipmaker has “one of the most strategically and financially attractive business models” in the industry. Analyst Rick Schafer cited its position in the high-end filter market, its efficient manufacturing and potential for earnings growth and free cash flow generation. He also said its non-mobile business is “sticky.” Bank of America also sees more room to run for Broadcom. On Monday, it hiked Broadcom’s price target to $2,150 and said the buy-rated stock is a top pick. The firm anticipates sales growth will double between fiscal year 2024 and 2026. Other stocks that made Oppenheimer’s list include *****’s Sporting Goods , Domino’s Pizza and Goldman Sachs .

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Markets,Breaking News: Markets,Goldman Sachs Group Inc,Domino's Pizza Inc,*****'S Sporting Goods Inc,Broadcom Inc,Walmart Inc,Trimble Inc,******* Therapeutics Corp,Salesforce Inc,Agilysys Inc,International Flavors & Fragrances Inc,Centene Corp,Stock markets,Investment strategy,business news
#Oppenheimers #top #stock #picks #heading #July

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