JPMorgan analysts have published their monthly “focus list” of stocks for April. The list is based on these strategies: “near-term, growth, value, and short ideas.”
The analysts added nine new stocks to the April list, all of which received overweight ratings from JPMorgan analysts. All the share-price targets below are for year-end 2022.
· Arista Networks (ANET), a cloud networking solutions company. J.P. Morgan has a price target of $160, and the stock recently traded at $140.
· Ciena (CIEN), a communications network company. The price target is $85, and the stock recently traded at $61.
· S&P Global (SPGI), a financial information company. The price target is $480, and the stock recently traded at $408.
· AGCO (AGCO), an agricultural equipment maker. The price target $178, and the stock recently traded at $146.
· Sterling Check (STER) , which provides identity verification services. The price target is $30, and the stock recently traded at $27.
· Illinois Tool Works (ITW), which makes industrial equipment. The price target is $255, and the stock recently traded at $209.
· Canadian Pacific Railway (CP), a railroad company. The price target is C$113, and the stock recently traded at C$98.
· Realogy (RLGY), a real estate brokerage conglomerate. The price target is $21, and the stock recently traded at $15.70.
· Salesforce (CRM), a business software company. The price target $316, and the stock recently traded at $215.
Among the famous stocks taken off the list for April are:
· Apple (AAPL), the consumer electronics giant. The price target is $210, and the stock recently traded at $175.
· Caterpillar (CAT), the construction equipment giant. The price target is $257, and the stock recently traded at $220.
Both stocks are rated overweight by JPMorgan analysts.
