Welcome to Money Morning - Only the News You Can Profit From.
Private Briefingwith WILLIAM PATALON III, Executive Editor
Not a member yet? Right now you can get immediate access to Money Morning’s Private Briefing for only $7.99. Click here to get started now.
Click here to get immediate access - for only $7.99.
Members log in:
Not a member yet? Sign up here or learn more.
Chief Investment Strategist
20-year seasoned market analyst and professional trader with highly accurate track record. Specialty in Asian markets.
Global Energy Strategist
35-year expert in oil and gas policy, risk assessment, and emerging market economic development.
Global Investing Specialist
30-year merchant banker, math- ematician, and author. Has a knack for being bearish at exactly the right time.
Capital Wave Strategist
30-year CBOE trader, market maker, and retired hedge fund honcho. Helped launch the Volatility Index in 1993.
20-year commodity guru and portfolio advisor. Top authority on metals + mining stocks. Head- quartered in Canada.
Defense + Tech Specialist
30-year veteran of tech markets with a Rolodex of Silicon Valley CEOs. Pulitzer nominee. Uncovered rare earths crisis.
30-year veteran analyst of business, economics, and financial markets. Award-winning author of "Contrarian Investing."
It doesn't hurt to have help narrowing down the best stocks to buy - especially when the advice comes from one of the country's best stock analysts.
Tobias Levkovich, Citigroup Inc.'s (NYSE: C) chief equity strategist, has sent a note to clients consisting of 18 recommended stocks and their end-of-year price targets. We've sifted through the list to bring you the 10 stocks that have the highest projected returns based on Citi's targets.
Those returns range from 10.14% to 27.27%.
Here are the companies and their price targets, accompanied by a summary of Citi's analysis for each stock:
The AES Corp. (NYSE: AES): Citi says AES, an electrical utility company, is attractively valued. With its forward P/E ratio of just 8.5, much lower than the utilities sector average of 15.4, it certainly looks undervalued. Citi's price target of $14 would be a 27.27% gain from its recent price of $11.
Aetna Inc. (NYSE: AET): Healthcare will continue to become more expensive, especially as baby boomers age. This bodes well for insurers like Aetna, which should have strong earnings growth this year. Its price target of $59 would be a 19.19% increase from its recent price of $49.50.
Amphenol Corp. (NYSE: APH): This designer, manufacturer and marketer of electrical, electronic, and fiber-optic connectors and cables is diversifying its products and expanding. Its price target of $79 would be a 15.3% gain from its recent price of $68.50.
Apache Corp (NYSE: APA): As an energy company involved in exploring for and producing natural gas, it has strong growth opportunities. Plus, it has a solid balance sheet. A $95 price target would be a 12.43% increase from its recent price of $84.50.
FedEx Corp. (NYSE: FDX): The delivery company has significant earnings growth potential, Citi said.Its price target is $114, which would be a 10.14% gain from its recent price of $103.50.
(After submitting your email address the page will refresh with the full article. You will receive a welcome email from Money Morning including the benefits of your free subscription.)