With the new quarter set to begin and the new earnings season about to kick off, many Wall Street firms covered by 24/7 Wall St. are adjusting their top stocks lists for institutional and high net worth clients. In a new research report, Credit Suisse highlighted some companies on its U.S. Focus List that stand to have the most potential price return.
These Credit Suisse picks are a great combination of value with solid growth potential. In a recovering market, all make sense for long-term growth accounts that have a degree of risk tolerance.
Affiliated Managers Group Inc. (NYSE: AMG) is a global asset management company that invests in boutique investment management firms called “affiliates.” The performance of these affiliates drives AMG’s own performance. AMG acts as a fund of funds for these entities. Credit Suisse believes that the stock has a potential upside of 28.2%. The shares were recently trading at $157.43, with a consensus analyst price target of $172.11 and a 52-week trading range of $115.97 to $230.63.
Eli Lilly and Co. (NYSE: LLY) is a global health care company with numerous core products in a number of primary-care pharmaceutical markets. The company generates revenues from its pharmaceutical product and animal health segments. The brokerage firm sees a potential price return of 30.7% for this stock over the next year. Shares of Eli Lilly were recently trading at $71.12, with a consensus price target of $95.52 and a 52-week range of $67.88 to $92.85.
Sealed Air Corp. (NYSE: SEE) is one of the top picks in the basic materials sector and is a mid-cap name with solid upside potential. It provides food safety and security, facility hygiene and product protection solutions worldwide through three segments: Food & Beverage, Institutional & Laundry and Protective Packaging. It was also the original creator of bubble wrap. Credit Suisse believes that investors can walk away with a return of 29.8%. Sealed Air shares were last trading at $47.30. The consensus price target is $52.18, and the 52-week range is $38.02 to $55.84.
Autodesk Inc. (NASDAQ: ADSK) has shifted to more cloud computing options, increasing its suite offerings and expanding its product lines. Not all analysts are positive on the outlook going forward. However, Credit Suisse sees solid upside, including a potential price return of 72.5%. Shares of Autodesk recently traded at $57.37, with a consensus price target of $62.32 and a 52-week range of $41.60 to $65.78.
Micron Technology Inc. (NASDAQ: MU) is a global leader in advanced semiconductor systems. Its broad portfolio of high-performance memory technologies, including DRAM, NAND and NOR flash, is the basis for solid state drives, modules, multichip packages and other system solutions. The company’s memory chip solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. The brokerage firm sees some solid upside for this chip maker in 2016 with an expected potential price return of 74.8%. Shares were last seen at $10.50, within a 52-week range of $9.31 to $29.78. The consensus analyst price target is $15.57.
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