MORGAN STANLEY: These 7 stocks are going up soon
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It's earnings season, and some stocks will inevitably beat expectations.
In a new research note, Morgan Stanley experts have listed seven stocks that are going to do better than expected in the next 15-60 days — driven up by 2Q earnings, accelerated growth, or increased efficiency.
Read on to find out which stocks Morgan Stanley thinks are going up in value soon, and the catalyst that will drive the increase:
BankUnited Inc.
Bankunited/Youtube
Ticker: BKU
Current price: $30.60
Target price: $42.00
Potential catalyst: Morgan Stanley researchers expect loan growth at BankUnited to accelerate in the second quarter — an acceleration that isn't yet priced into the stock — and believe BKU is "significantly undervalued" given its growth.
Concho Resources Inc.
NYSE/Youtube
Ticker: CXO
Current price: $122.84
Target price: $173.00
Potential catalyst: 2Q earnings will be announced on August 3rd, and Morgan Stanley expects them to beat expectations. They also see a potential for expansion in the future.
Hill-Rom Holdings Inc.
AP ImagesTicker: HRC
Current price: $51.67
Target price: $62.00
Potential catalyst: Hill-Rom is releasing its 3Q results on August 4th, which Morgan Stanley thinks should give the company a strong momentum. Also, international growth should improve soon.
See the rest of the story at Business Insider