Where Do Analysts Think The Dow Is Headed?
Bespoke did a great article the other week on where Wall Street strategists thought the market and the S&P500 was moving. This week they took a look at the sentiment of individual analysts by using their price targets for each of the 30 stocks in the Dow. "As shown below (see their website), based on the average analyst price target, the Dow is expected to rise by 16% from current levels. On the positive side, analysts are most bullish on AIG, MRK, HPQ, and MSFT. For each of these names, they are expecting gains of about 30%. While none of the Dow thirty stocks are expected to decline, the ones expected to show the smallest gains are JPM, WMT, HD, and C. While analyst price targets should normally be taken with a grain of salt, it often helps to know what others are expecting."
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