For Immediate Release
Chicago, IL – May 16, 2019 - Stocks in this week’s article are LexinFintech Holdings Ltd. LX, Herman Miller, Inc. MLHR, Interactive Brokers Group, Inc. IBKR, ConnectOne Bancorp, Inc. CNOB and Surmodics, Inc. SRDX.
5 Stocks to Keep an Eye On as Analysts Initiate Coverage
New analyst coverage unearths extensive data on stocks for investors. As analysts are privy to vital information, which is crucial for investment decisions, they are much relied on as lack of information creates chances of misinterpretation (over- or under-valued).
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.
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ConnectOne Bancorp, Inc. (CNOB) : Free Stock Analysis Report
Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report
Surmodics, Inc. (SRDX) : Free Stock Analysis Report
Herman Miller, Inc. (MLHR) : Free Stock Analysis Report
LexinFintech Holdings Ltd. Sponsored ADR (LX) : Free Stock Analysis Report
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