For immediate release
Chicago, IL – November 4, 2021 – The stocks in this week’s article are Costamare Inc. CMRE, BrightSphere Investment Group Inc. BSIG, Main Street Capital Corp. MAIN and UGI Corporation UGI.
Buy These 5 Best Stocks on New Analyst Coverage
New analyst coverage unearths detailed stock data for investors. Analysts have access to vital information crucial to investment decisions. We rely on it a lot because the lack of information creates risks of misinterpretation (over- or underestimated).
Analysts don’t add a headline to their coverage at random. A new hedge on a stock is usually the result of investors concentrating heavily on it or on its promising prospects.
Interestingly, stocks generally see incremental upward price movement with new analyst coverage compared to what they see with the continuation of existing analyst coverage. Of course, the price movement depends on the recommendations of new analysts. Positive recommendations (Buy and Buy Strong) result in a significant incremental price reaction compared to Strong Sell, Sell or Hold recommendations.
If an analyst gives a new recommendation on a company that has little or no analyst coverage, investors start paying more attention to it. In addition, any new information prompts portfolio managers to create a position in the stock.
It should be noted that it is preferable to seek the average evolution of the broker’s recommendation rather than a single evolution of the recommendation. Then again, an upgrade, an initiation or even increased coverage is just as important.
With that in mind, it’s a good strategy to focus on the number of analyst recommendations that have increased over the past few weeks.
Below, we’ve picked out four stocks that have seen analyst coverage increase in recent weeks.
For the rest of this article on the screen of the week, please visit Zacks.com at: https://www.zacks.com/stock/news/1822830/buy-these-5-top-stocks-on-new-analyst-coverage
Disclosure: Officers, directors and / or employees of Zacks Investment Research may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document. An affiliated investment advisory firm may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document.
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Contact: Jim Giaquinto
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Zacks’ top picks for leveraging artificial intelligence
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