RBC Capital: Top 7 Stock Picks For 2017

RBC Capital has today released updated second-quarter guidance for its Top 30 Global Ideas for 2017. From this list of 30 stocks, we selected only the ‘top picks’. Year-to-date, RBC Capital says its top 30 list has returned 15.2%, which makes this a very interesting list indeed…

1. Broadcom Ltd (AVGO) One of the best-rated stocks on TipRanks, semiconductor leader AVGO has only buy ratings. So it’s not surprising the stock is a top pick for RBC’s Amit Daryanani– one of TipRanks top 25 analysts. Daryanani has a $270 price target on AVGO which is now trading at $230.

Through M&A and organic revenue growth AVGO has beat Street quarterly EPS estimates every quarter since its IPO. Management is disciplined in M&A, focusing on slower-growing companies that compete in oligopolistic industries with cost-cutting potential” he says.

2. Air Lease Corp (AL) This “Strong Buy” stock has the seal off approval from one of the Street’s top analysts, Jason Arnold. His $77 price target represents huge upside potential of over 100% from the company’s current share price of $38. According to Arnold: “Air Lease is well positioned as a leader in the aircraft leasing sector, with a sizable and growing fleet of new and in-favor aircraft leased to global airlines. Purchasing new aircraft in volume like AL gives the advantage of attaining best price on high-demand equipment vs. peers.

3 The PNC Financial Services Group (PNC) The number one analyst on TipRanks, Gerard Cassidy called PNC, the US’s eighth-largest bank, a “top pick”. His $130 price target represents a 3.17% upside from the current share price. He sees multiple positive catalysts on the stock including strong capital, a well-balanced business, continued cost cutting and and the significant benefit PNC would gain from rising interest rates.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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