For Immediate Release
Chicago, IL – May 27, 2021 – Stocks in this week’s article are Ethan Allen Interiors Inc. (
ETH Quick Quote ETH - Free Report) , Flushing Financial Corporation ( FFIC Quick Quote FFIC - Free Report) , Assurant, Inc. ( AIZ Quick Quote AIZ - Free Report) , The New York Times Company ( NYT Quick Quote NYT - Free Report) and Enable Midstream Partners, LP ( ENBL Quick Quote ENBL - Free Report) . New Analysts Initiate Coverage: Top 5 Picks
Coverage initiation on a stock by an analyst is not a random act. It takes thorough evaluation and substantial investor focus on the stock or its promising prospects.
Interestingly, stocks typically see an incremental upward price movement with new analyst coverage compared to what they witness with continuation of existing analyst coverage. Of course, the price movement depends on the recommendations from new analysts. Positive recommendations — Buy and Strong Buy — lead to a significant incremental price reaction than Strong Sell, Sell or Hold recommendations.
Moreover, if an analyst gives a new recommendation on a company that has limited or no analyst coverage, investors start taking notice. Also, any new information attracts portfolio managers to build a position in the stock.
However, one should preferably look for the average change in broker recommendation rather than a single recommendation change. Then again, an upgrade, an initiation or even increased coverage is equally important.
Keeping this 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 have selected four stocks that have seen increased analyst coverage over the past few weeks.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1608949/new-analysts-initiate-coverage-top-5-picks Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year.
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Contact: Jim Giaquinto
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