Zacks.com Featured Highlights Include: Teledyne, Genfit, Shoe Carnival, ZTO And GCI
Zacks Investment Research | Apr 30, 2019 11:12PM ET
For Immediate Release
Chicago, IL – May 1, 2019 - Stocks in this week’s article Teledyne Technologies Inc. (NYSE:TDY) , Genfit SA (NASDAQ:GNFT) , Shoe Carnival (NYSE:CCL), Inc. (NASDAQ:SCVL) , ZTO Express (Cayman) Inc. (NYSE:ZTO) and GCI Liberty, Inc. (NASDAQ:GLIBA) .
5 Stocks to Buy on New Analyst Coverage
Many investors have immense faith in the research work of analysts as they fear that misinterpretations while exploring on their own might trigger inefficiencies. Here, analysts play a vital intermediary role with their extensive access to relevant data.
Coverage initiation on a stock by analyst(s) usually portrays higher investor inclination. Investors, on their part, often assume that there is something special in a stock to attract analysts to cover it. In other words, they believe that the company coming under the microscope definitely holds some value.
Obviously, stocks are not randomly chosen to cover. New coverage on a stock usually reflects a reassuring future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it. After all, who doesn’t like to produce something that is already in demand? Hence, we often find that analysts’ ratings on newly added stocks are more favorable than their ratings on continuously covered stocks.
Needless to say, the average change in broker recommendation is preferred over a single recommendation change.
For the rest of this Screen of the Week article please visit Zacks.com at: Zacks Investment Research
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