Broadcom, Oshkosh, Aramark Upgraded

Broadcom, Oshkosh, and Aramark are getting applause from Wall Street analysts

Mar 2, 2017 at 10:09 AM
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Analysts are weighing in on semiconductor stock Broadcom Ltd (NASDAQ:AVGO), machinery concern Oshkosh Corporation (NYSE:OSK), and food services provider Aramark (NYSE:ARMK). Here's a roundup of today's bullish brokerage notes on AVGO, OSK, and ARMK shares.

Broadcom a "Top Pick" Ahead of iPhone 8

More than a dozen analysts have raised their price targets on AVGO since last night's close, thanks to the company's fourth-quarter earnings beat and strong outlook. Craig-Hallum was one of several brokerage firms that upped its price target to $260, saying the stock "remains one of our top picks heading into the iPhone 8." This optimism is far from unusual for the stock, as 24 of 25 covering analysts recommend buying it. At last check, Broadcom Ltd was up 2.9% at $221.44, and earlier hit a record high of $224.98. 

Oshkosh Could be Trump Winner

OSK is up 0.9% at $72.17, after Jefferies reiterated its "buy" rating, saying the stock could benefit from President Donald Trump's policy changes -- including potential increased infrastructure and military spending. The shares have already nearly doubled over the past year, touching a record high of $74.16 in late January. And although short interest has been falling for months, these bearish bets still represent nearly a week's worth of buying power on Oshkosh Corporation, based on its average trading volumes -- suggesting there's fuel left in the tank. 

Goldman Sachs Adds Aramark to "Conviction Buy" List

ARMK has advanced 0.5% to trade at $35.86, after Goldman Sachs added the stock to its "conviction buy" list. The shares have added a respectable 13% in the past year, and have been consolidating atop their 200-day moving average in recent weeks. Still, many traders are betting against Aramark, as short interest roughly doubled in the last reporting period alone. Conversely, six of seven analysts rate ARMK a "strong buy," with not a single "sell" opinion to be found.

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