Dilok Klaisataporn
Goldman Sachs recently made waves by unveiling its Conviction List Directors’ Cut report for January 2024. Notably, Parker Hannifin Corp. (NYSE: PH) and Textron Inc. (TXT) were welcomed into the illustrious list.
Investment strategist Joe Ritchie made known his optimism regarding Parker Hannifin Corp.’s outlook. He cited the company’s substantial involvement in mega-projects, collectively valued at $170 billion, as a driving force behind the expected growth in the first half of the year.
Joining the mix, strategist Noah Poponak projected a bright future for Textron, attributing the positive forecast to the company’s advantageous position within the business jet demand. Poponak anticipates a surge in pricing power and robust margins stemming from this dynamic.
Bearing numerous companies in mind, here are the notable entries in Goldman Sachs’ Conviction List Directors’ Cut for January 2024, complete with price targets and percentage upside:
- Constellation Brands Inc. A (STZ) – PT $290, 20% upside
- WW International Inc. (WW) – PT $18, 106% upside
- Jefferies Financial Group In. (JEF) – PT $44, 9% upside
- JP Morgan Chase & Co. (JPM) – PT $188, 11% upside
- Blue Owl Capital Inc. (OWL) – PT $16.25, 9% upside
- Simon Property Group Inc. (SPG) – PT $161, 13% upside
- Merck & Co. Inc. (MRK) – PT $128, 17% upside
- Quanterix Corp. (QTRX) – PT $35, 28% upside
- Vertex Pharmaceuticals Inc. (VRTX) – PT $442, 9% upside
- JB Hunt Transport Services (JBHT) – PT $219, 10% upside
- PPG Industries Inc. (PPG) – PT $174, 16% upside
- Parker Hannifin Corp. (PH) – PT $551, 20% upside
- Republic Services Inc. (RSG) – PT $182, 10% upside
- Textron Inc. (TXT) – PT $98, 22% upside
- Chevron Corp. (CVS) – PT $180, 21% upside
- First Solar Inc. (FSLR) – PT $275, 60% upside
- The Southern Company (SO) – PT $82, 17% upside
- Apple Inc. (AAPL) – PT $227, 18% upside
- Amazon.com Inc. (AMZN) – PT $190, 25% upside
- Cintas Corp. (CTAS) – PT $673, 12% upside
- Nvidia Corp. (NVDA) – PT $625, 26% upside
- Okta Inc. (OKTA) – PT $105, 16% upside
- TE Connectivity (TEL) – PT $175, 25% upside
