Here are the biggest calls on Wall Street on Friday
, as we believe these three stocks are best positioned to benefit from an extended economic cycle that has the prospects to grow further—in addition we reiterate our outperform rating for JPM which should see similar benefits as well. We are raising our price target for all Universal Banks and the main driver is higher returns near term as we have pushed out our expectations for when the next downturn will happen and that was positive for near-term return expectations and our price targets.
should remain a core SMID-cap holding as it remains a great secular growth story with strong FCF support. We also believe the company has ample opportunity in a large and growing TAM. "Bank of America said it saw "pressure" on the maker of plastics and packaging.'s profitability is likely to remain well into 1H of 2020. Notably absent from the discussion is Dow's polyethylene business.
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