The top 10 analysts and their favorite stocks are:
1. RBC Capital’s basic materials analyst T J Schultz– Spectra Energy Partners (SEP). Schultz reiterated his buy rating on natural gas mega cap SEP with a $52 price target (20% upside) on March 24.
2. Benchmark’s tech analyst Mark Miller– Western Digital (WDC).
Miller is one of 17 analysts who has published buy ratings on this data storage giant in the last 3 months. His price target of $100 (20% upside) reflects his belief that “the tight NAND flash supply along with continued strong demand for storage bodes well for Western Digital.” For FY17, Miller is now projecting non-GAAP earnings of $7.97 per diluted share on sales of $18.9 billion.
3. RBC Capital’s financial analyst Gerard Cassidy– KeyCorp (KEY). On April 4, Cassidy reiterated his buy rating for KEY, the 18th largest US bank by total assets, with a $21 price target (22% upside).
4. RBC Capital’s basic materials analyst Elvira Scotto– Shell Midstream (SHLX). Scotto reiterated her buy rating of oil pipeline company Shell Midstream on March 31 with a $41 price target (26% upside).
5. Jefferies’ tech analyst Mark Lipacis– Inphi (IPHI). A leader in data movement interconnects- Inphi is a top stock to track right now. On a five-year basis, the stock has demonstrated incredible growth from about 2014 when shares were just $12 to today’s price of around $45. Lipcis reiterated his buy rating on the stock with a $60 price target (30% upside). Interestingly, the lowest IPHI analyst price target still comes in at $55 (20% upside).
6. RBC Capital’s tech analyst Jonathan Atkin– QTS Realty Trust (QTS). On March 24, Atkin reiterated his buy rating on the stock- a real estate investment trust that owns and manages data centers- with a $60 price target (22% upside).
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