Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

5 Analyst Upgrades – $CVX $BBY $LPNT $HON $STJ

Analysts constantly review the market and the individual stocks in it to make estimates about performance. Much like a bookie that sets odds for betting, an analyst looks at the numbers and makes calls. Like a betting spread, analysts have rating systems for stocks, so instead of chances being one in three that a stock “wins” it is buy or sell. Upgrading, or downgrading, a stock only comes after careful research.

Phill Gross

This week, analysts upgraded the following stocks:

Chevron Corp (CVX) is a energy stock with a $211.95B market cap. It has a P/E ratio of 7.88. and recently traded at $108.86, near its 52-week high of $110.01. Analysts at Oppenheimer raised estimates on the company through 2012 after the company leveraged to higher energy prices. CVX now has an outperform rating. The stock is a favorite pick for Phill Gross and Robert Atchinson’s Adage Capital Management.

Best Buy Co (BBY) is a retail stock with a $9.89B market cap. It is trading at 9.32 times its earnings. BBY recently traded at $26.84 a share, up from a 52-week low of $21.79. Analysts at UBS raised BBY estimates and target. Its shares are not expected to reach $28 a share. Estimates on BBY performance also increased on accretion from CPW transactions. David Einhorn’s Greenlight Capital ad 4.62% in BBY at the end of the second quarter.

LifePoint Hospitals Inc (LPNT) is a health services company with a $1.87B market cap. It has a 12.32 P/E ratio and recently traded at $39.32 a share, near its 52-week high of $43.45. Morgan Stanley analysts boosted the company’s estimates through 2013. LPNT s now buying back stock and has an equal-weight rating. David Dreman’s Dreman Value Management is a fan of LPNT.

Honeywell International (HON) is an aerospace/defense company with a $40.57B market cap. It is trading at 12.66 times its earnings. It recently traded at $54.65. HON has a 52-week high of $62.28. Analysts at Citigroup upgraded HON from neutral to buy, and gave it a $65 price target citing solid 2012 growth outlook with late cycle exposure and a lean cost base. HON is a favorite pick for Ken Fisher’s Fisher Asset Management.

St. Jude Medical Inc (STJ) is a health services company with a $12.92B market cap. It has a 13.22 P/E ratio and is currently trading at $39.25, up from a 52-week low of $33.54. Credit Suisse upgraded STJ from neutral to outperform, giving the stock a $48 a share target, explaining that the company is a market leader and has limited risks with Durata. Andreas Halvorsen had 1.3% of his Viking Global portfolio in STJ at the end of the second quarter.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!