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The Zacks Analyst Blog Highlights: Broadcom, Infosys, Blackstone Group, Equifax and CenterPoint Energy

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For Immediate Release

Chicago, IL – December 10, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Broadcom Inc. (AVGO - Free Report) , Infosys Limited (INFY - Free Report) , The Blackstone Group Inc. (BX - Free Report) , Equifax Inc. (EFX - Free Report) and CenterPoint Energy, Inc. (CNP - Free Report)

Here are highlights from Wednesday’s Analyst Blog:

Top Analyst Reports for Broadcom, Infosys and Blackstone

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Broadcom, Infosys and The Blackstone Group. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Broadcom shares have underperformed the Zacks Electronics - Semiconductors industry in the year to date period (+34.0% vs. +54.5%). The Zacks analyst believes that anticipated sluggishness in enterprise demand might impact the company’s server storage revenues. Moreover, efforts to reduce channel inventory amid COVID-19 crisis-induced market uncertainty and increasing lead times, is likely to weigh on industrial revenues.

However, Broadcom is poised to benefit from robust adoption of Wi-Fi 6 in access gateway, and cable DOCSIS 3.1 products. Acceleration in 5G deployment, significant production ramp up and increase in radio frequency (RF) content favors prospects. Further, synergies from acquisitions of CA and Symantec’s enterprise security business are anticipated to bolster the company’s presence in the infrastructure software vertical.

(You can read the full research report on Broadcom here >>>)

Infosys shares have outperformed the Zacks Computers - IT Services industry in the year to date period (+55.1% vs. +40.0%). The Zacks analyst believes that Infosys is gaining from large deal wins and fast-growing digital services. The company’s sustained focus on Agile Digital and artificial intelligence (AI) -driven Core services is a tailwind. Strong demand for its services in cloud, Internet of Things (IoT), cyber security, data and analytics is a key driver. Higher investments by clients in digital transformation, AI and automation are an upside.

However, Infosys is suffering from increasing anti-outsourcing sentiments in certain countries. Higher subcontractor costs and the company’s compensation revision with a higher variable pay and incentives are weighing on margins.

(You can read the full research report on Infosys here >>>)

Shares of Blackstone have gained +11.6% in the year to date period against the Zacks Financial - Investment Management industry’s increase of +16.4%. The Zacks analyst believes that continuously increasing expenses (mainly owing to higher general and administrative costs) are expected to hamper the bottom line to some extent in the near term. Additionally, lower chances of sustainability of the company’s capital deployment activities due to volatile earnings are a major concern.

However, the company remains well-positioned to benefit from its fund-raising ability, revenue mix, persistent asset inflows and inorganic growth initiatives. Moreover, its transition from a publicly traded partnership to a corporation is expected to help attract more investors.

(You can read the full research report on Blackstone here >>>)

Other noteworthy reports we are featuring today include Equifax and CenterPoint Energy.

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Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.  

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