Unfortunately, just because a stock analyst works on Wall Street doesn’t necessarily mean he or she is a good stock piker. However, the three best analysts in the business are bullish on Honeywell (HON), SEI Investments (SEIC) and Community Health Systems (CYH).
Honeywell (HON)
TipRanks ranks Oppenheimer analyst Christopher Glynn as the top-performing Wall Street analyst out of the 3893 analysts on its platform. Glynn has a 74% success rate on his more than 450 stock picks and is averaging a 15.7% return per recommendation.
Back in December, Glynn reiterated his “Buy” rating on HON and upped his price target to $120.
In October, Glynn praised the company for its “solid mix of secular drivers” and “above-average multi-year revenue opportunities.”
It’s easy to look at HON’s size, solid earnings and 2.1% dividend and assume that the blue chip company likely has few game-changing catalysts ahead. However, nearly half of its engineering staff is currently working on developing software to help ensure that HON is at the forefront of the Industrial Internet of Things (IIoT) revolution that many expect will be a multi-billion opportunity in coming years. In fact, HON itself projects that about 60% of its aerospace sales will include embedded software by 2020.
SEI Investments (SEIC)
If you thought Glynn’s track record was impressive, wait…
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