CNBC’s “Street Signs” team brought up good news for a couple of companies. Yahoo! Inc. (NASDAQ:YHOO) is expected to spike some 20%, up to $48. FedEx Corporation (NYSE:FDX)’s price is believed to gain 30% more muscle, up to $210. McKesson Corporation (NYSE:MCK)’s stock value should see some 13% over the current figures, to about $223.
Yahoo! Inc. (NASDAQ:YHOO) is actually trusted to use fruitfully the money attained from Alibaba Group Holding Ltd (NYSE:BABA)’s Initial Public Offering. Its price is about $41.14 at the moment and has jumped almost 1.5% during the first hours of the day, maybe just accompanying the good news.
“Upgraded to buy from hold by Needham. The analyst there Laura Martin, one of the best on the street, her target at Yahoo! of $48, about 20% more upside to Yahoo!’s current price,” said Brian Sullivan.
FedEx Corporation (NYSE:FDX) is probably expected to work harder as the holiday season approaches. Its stock is traded at around $163.13, after a mild upswing of approximately 0.6% for the current day.
“They’re [Cowen] bumping their target on FedEx all the way up to $210 a share. Folks, that’s another 30% upside to where FedEx is trading right now, stock’s already up 40% in the past year,” stated Brian Sullivan.
McKesson Corporation (NYSE:MCK) is sold at figures close to $195.85, after the company’s shares lost some 0.35% of their value. However, the company is seen as capable of gaining in value as Goldman Sachs Group Inc (NYSE:GS) increased their target to a $225 per share a week ago and now others are falling through.
“A couple of big calls here. Well, today it was started with on overweight rating at Barclay’s. Their target on MCK $223 a share, about 13% more upside from where it is now,” informed Brian Sullivan.
The market has been weak the past couple of days, but companies are still expected to end the year in their full strengths. Probably the above figures will be adjusted for any unexpected event, but there’s a clear growth pattern being highlighted.
Free Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.