The bank has updated its Focus List, the compilation of its analysts' top ideas. These three shares could help a portfolio rebound.
The stock market is entering October a little battered and bruised after September’s selloff. However, that also offers opportunities and J.P. Morgan’s analysts have some ideas for where to invest at the start of the fourth quarter.
Sports-betting company DraftKings has been added as a growth idea, based on improved fundamentals. J.P. Morgan analyst Joseph Greff recently upgraded his rating on the stock to Overweight with a 2024 year-end target price of $37. DraftKings traded up 0.9% at $29.70 in premarket trading on Monday. The Macau recovery is still intact despite extreme negative sentiment around China knocking Wynn’s shares recently, wrote Greff. Wynn was a Barron’s stock pick earlier this year, based on the Macau rebound opportunity.
the analyst has an Overweight rating and $60 target price on Boston Scientific. The shares last traded at $52.50.
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