Jerome Powell, the chairman of the US Federal Reserve, stated that the US economy is strengthening, however, growth may be slowing. According to a recent poll conducted by the National Association for Business Analysts in the United States, economists estimate GDP to increase at 5.6 percent this year, down from 6.7 percent earlier this year. The proliferation of the coronavirus is frequently linked to the slowing of recovery. The Delta crisis will have a different impact than the pandemic’s early phase. These stocks should perform well as the US tries to reduce inflation to about 2% and increase employment.
Here is Insider Monkey’s list of the 10 stocks that analysts are raising price targets of. Herc Holdings Inc. is ranked tenth. The company is based in Florida and provides equipment rental services. Barclays increased their price objective from $135 to $200. Verisk Analytics, Inc. is rated ninth. RBC Capital boosted its price objective for the stock from $203 to $235, citing the firm’s favorable intra-quarter data points as a promising sign for growth. Motorola Solutions, Inc. was ranked eighth on the list of ten stocks whose price targets are being raised by analysts. The firm is situated in Illinois and specializes in essential communications and analytics. Barclays increased its target price to $267 from $247. Acceleron Pharma Inc. is a biopharmaceutical company based in Cambridge that develops treatments for rare diseases. The company is ranked seventh on the list of ten equities whose price goals are being raised by analysts. Etsy, Inc. is ranked sixth on the list of ten stocks whose price targets are being raised by analysts. The company owns and operates an online marketplace that brings buyers and sellers together. The stock’s price objective was boosted to $245 from $220 by Loop Capital, which kept its Buy rating. For more details, click 10 Stocks That Analysts Are Raising Price Targets Of.
Pixabay
