Analysts Bullish on Stocks Like Comerica and Toast; See Potential for Extended Bull Market
-
Goldman Sachs analysts see indications that the bull market could sustain into 2024, pointing to positive positioning and sentiment. However, inflation or growth surprises could exacerbate market declines.
-
Comerica Inc (CMA) offers positive attributes like TBV accretion, NII/NIM upside, and low credit risk. Analyst Ryan Nash sees 30% upside potential for the stock.
-
Toast Inc (TOST) continues gaining market share in the restaurant POS space. Analyst Will Nance sees room for 30-40% long-term share, making the stock a Buy with 39% upside expected.
-
Brink's Company (BCO) is growing Digital Retail and ATM Managed Services, high-margin businesses representing 20%+ of revenue. Analyst George Tong sees 22% upside for the shares.
-
Strong organic growth and margin expansion could drive further valuation upside for Brink's, augmented by an increased pace of buybacks.