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4 Stocks with Upgraded Broker Ratings Worth Considering Now
Though the macroeconomic environment is gradually becoming clearer, the path to rate cuts is still uncertain. Further, the central bank officials are pushing back rate cut expectations.
Hence, in such a situation, it is difficult for individual investors to pick stocks independently and generate solid returns. For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out how it may fare as an investment.
One way to cut short this task is to follow brokers’ recommendations. In this regard, stocks like Oshkosh Corp., MasTec, Inc., Xenia Hotels & Resorts, Inc. and Korn Ferry are worth a look.
As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They assess companies’ publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
When brokers upgrade a stock, one can easily rely on their judgment. However, depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Here are four stocks that qualified for the screening:
Headquartered in Oshkosh, WI, Oshkosh is a producer and seller of a varied range of vehicle bodies and specialty vehicles. OSK is also engaged in equipment financing and leasing solutions for its customers, primarily through third-party funding arrangements.
OSK’s earnings for 2024 are expected to rise 2.9%. Oshkosh, carrying a Zacks Rank #2, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.
Headquartered in Coral Gables, FL, MasTec is a leading infrastructure construction company. MTZ is engaged in the engineering, building, installation, maintenance and upgrade of energy, communication and utility and other infrastructure.
MasTec’s 2024 earnings are projected to jump 25.4%. MTZ, sporting a Zacks Rank #1 at present, has witnessed a 9.1% upward revision in broker ratings over the past four weeks.
Xenia Hotels & Resorts, based in Orlando, FL, is a self-advised and self-administered REIT. XHR invests in luxury and upper upscale hotels and resorts, with a primary focus on the top 25 lodging markets and major leisure destinations.
Xenia Hotels & Resorts’ 2024 earnings are projected to grow 1.3%. XHR, carrying a Zacks Rank #2 at present, has witnessed a 12.5% upward revision in broker ratings in the past four weeks.
Based in Los Angeles, CA, Korn Ferry provides organizational consulting services globally. KFY operates through four segments – Consulting, Digital, Executive Search and Recruitment Process Outsourcing & Professional Search.
Korn Ferry’s fiscal 2025 earnings are projected to rise 7%. KFY, sporting a Zacks Rank #1 at present, has witnessed a 20% upward revision in broker ratings over the past four weeks.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights Oshkosh, MasTec, Xenia Hotels & Resorts and Korn Ferry
For Immediate Release
Chicago, IL – March 7, 2024 – Stocks in this week’s article are Oshkosh Corp. (OSK - Free Report) , MasTec, Inc. (MTZ - Free Report) , Xenia Hotels & Resorts, Inc. (XHR - Free Report) and Korn Ferry (KFY - Free Report) .
4 Stocks with Upgraded Broker Ratings Worth Considering Now
Though the macroeconomic environment is gradually becoming clearer, the path to rate cuts is still uncertain. Further, the central bank officials are pushing back rate cut expectations.
Hence, in such a situation, it is difficult for individual investors to pick stocks independently and generate solid returns. For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out how it may fare as an investment.
One way to cut short this task is to follow brokers’ recommendations. In this regard, stocks like Oshkosh Corp., MasTec, Inc., Xenia Hotels & Resorts, Inc. and Korn Ferry are worth a look.
As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They assess companies’ publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
When brokers upgrade a stock, one can easily rely on their judgment. However, depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Here are four stocks that qualified for the screening:
Headquartered in Oshkosh, WI, Oshkosh is a producer and seller of a varied range of vehicle bodies and specialty vehicles. OSK is also engaged in equipment financing and leasing solutions for its customers, primarily through third-party funding arrangements.
OSK’s earnings for 2024 are expected to rise 2.9%. Oshkosh, carrying a Zacks Rank #2, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.
Headquartered in Coral Gables, FL, MasTec is a leading infrastructure construction company. MTZ is engaged in the engineering, building, installation, maintenance and upgrade of energy, communication and utility and other infrastructure.
MasTec’s 2024 earnings are projected to jump 25.4%. MTZ, sporting a Zacks Rank #1 at present, has witnessed a 9.1% upward revision in broker ratings over the past four weeks.
Xenia Hotels & Resorts, based in Orlando, FL, is a self-advised and self-administered REIT. XHR invests in luxury and upper upscale hotels and resorts, with a primary focus on the top 25 lodging markets and major leisure destinations.
Xenia Hotels & Resorts’ 2024 earnings are projected to grow 1.3%. XHR, carrying a Zacks Rank #2 at present, has witnessed a 12.5% upward revision in broker ratings in the past four weeks.
Based in Los Angeles, CA, Korn Ferry provides organizational consulting services globally. KFY operates through four segments – Consulting, Digital, Executive Search and Recruitment Process Outsourcing & Professional Search.
Korn Ferry’s fiscal 2025 earnings are projected to rise 7%. KFY, sporting a Zacks Rank #1 at present, has witnessed a 20% upward revision in broker ratings over the past four weeks.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial of the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2236485/4-stocks-with-upgraded-broker-ratings-worth-considering-now
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.