Investing

7 Reopening and Recovery Stocks Analysts Want You to Buy Now

Expedia

Expedia Group Inc. (NASDAQ: EXPE) saw an upgrade from Argus, from Hold to Buy with a street-high $188 price target, on Thursday. Deutsch Bank was only willing to boost its price objective to $148, which is less than the consensus target price of $154.92. Still, the consensus recommendation is to buy shares, with analysts increasingly positive in the past two months.

The stock has been on the rise since the panic selling of last spring and reached a multiyear high of $166.57 this past week. Since the beginning of this year, shares have seen a gain of more than 21%. The Nasdaq is more than 2% higher year to date.

Marathon Petroleum

Morgan Stanley upgraded Marathon Petroleum Corp. (NYSE: MPC) from Neutral to Overweight with a $67 price target on Monday. On Thursday, Wells Fargo boosted its target to $66, while maintaining an Overweight rating. Of the 19 analysts surveyed, 14 recommend buying the shares. The $53.79 consensus target for the oil refining giant is less than the most recent share price.

Marathon had a refinery shut down due to the recent winter storm in Texas. Yet, shares ended the past week near $55, which is about 33% higher than at the beginning of the year. The stock has traded in a 52-week range of $15.26 to $56.99. That high was seen this past week.

MGM Resorts

Argus upgraded MGM Resorts International (NYSE: MGM) from Hold to Buy with a $42 price target on Tuesday. Furthermore, Morgan Stanley and Stifel hiked their price targets to $34 and $40, respectively, earlier this month. But note that the consensus price target of $33.21 is less than the most recent price. Yet, all but four of the 17 analysts surveyed recommend buying shares, and here too the sentiment is rising.

On Tuesday, the share price hit a 52-week high of $39.91, but the stock ended the week trading below $38. The shares have changed hands as low as just $5.90 apiece in the past year. Note that the stock is up more than 16% year to date, well outperforming the broader markets in that time.

Starbucks

Starbucks Corp. (NASDAQ: SBUX) saw an upgrade to Outperform from Market Perform at BMO Capital Markets on Tuesday. The firm also raised its price target on the shares to $120. Gordon Haskett upgraded the stock to Buy earlier this month. The consensus target for the ubiquitous coffee retailer is $109.53. Analysts on average recommend buying the shares, and the sentiment has grown in the past month.

While the stock has trended upward since last September, it is only marginally higher year to date, but in the same ballpark as the S&P 500. The share price added about 5% in the past week and hit a 52-week high of $109.48 on Friday. The 52-week low of $50.02 was seen during the market sell-off last March.