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Top Ten Brokerages You Can Trust in 2019

Posted on Monday, November 11th, 2019 by MarketBeat Staff

There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 175,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it's difficult to separate the signal from the noise when interpreting this data would be an understatement.

MarketBeat has developed a system to track each brokerage and research house's stock recommendations and score them based on their past performance. If Goldman Sachs predicted that Apple's stock price was going to hit $150.00 on a specific date, how accurate were they? If Bank of America issued a "strong buy" rating on a stock, how did that stock perform compared to the broader market over the following twelve months. This tracking system has been applied to the 650,000+ ratings that MarketBeat has tracked during the last five years to identify which brokerages you can really trust (and which you can safely ignore).

This slide show lists the 10 brokerages who have issued the most accurate analyst recommendations over the past several years, as measured by the performance of their "buy" ratings and the accuracy of their price targets.

#1 - Howard Weil

Average 12 Month ROI on "Buy" Recommendations: 10.010%
Variance of Price Targets: 82.863% (Lower is Better)
Based on: 12 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Howard Weil:

  • Bank of Montreal (NYSE: BMO) was downgraded by analysts at Howard Weil from a "sector outperform" rating to a "sector perform" rating. (5/30/2019)
  • Rogers Communications Inc. (NYSE: RCI) was downgraded by analysts at Howard Weil from a "sector outperform" rating to a "sector perform" rating. (4/22/2019)
  • Stantec Inc. (NYSE: STN) was upgraded by analysts at Howard Weil from a "sector perform" rating to a "sector outperform" rating. (10/19/2018)
  • SSR Mining Inc (NASDAQ: SSRM) was upgraded by analysts at Howard Weil from a "sector perform" rating to a "sector outperform" rating. (10/12/2018)
  • Cameco Corp (NYSE: CCJ) was upgraded by analysts at Howard Weil from a "sector underperform" rating to a "sector perform" rating. (9/28/2018)

#2 - Moffett Nathanson

Average 12 Month ROI on "Buy" Recommendations: 7.038%
Variance of Price Targets: 75.939% (Lower is Better)
Based on: 26 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Moffett Nathanson:

  • Verizon Communications Inc. (NYSE: VZ) was given a new $57.00 price target on by analysts at Moffett Nathanson. They now have a "hold" rating on the stock. (10/25/2019)
  • Viacom, Inc. (NASDAQ: VIAB) was given a new $31.00 price target on by analysts at Moffett Nathanson. They now have a "hold" rating on the stock. (10/19/2019)
  • DXC Technology Co (NYSE: DXC) had its price target lowered by analysts at Moffett Nathanson from $43.00 to $36.00. They now have a "neutral" rating on the stock. (10/8/2019)
  • Snap Inc (NYSE: SNAP) had its price target raised by analysts at Moffett Nathanson from $11.00 to $14.00. They now have a "neutral" rating on the stock. (10/1/2019)
  • Mastercard Inc (NYSE: MA) was given a new $320.00 price target on by analysts at Moffett Nathanson. They now have a "buy" rating on the stock. (9/18/2019)

#3 - Pivotal Research

Average 12 Month ROI on "Buy" Recommendations: 4.850%
Variance of Price Targets: 73.195% (Lower is Better)
Based on: 282 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Pivotal Research:

  • Trade Desk Inc (NASDAQ: TTD) had its price target lowered by analysts at Pivotal Research from $300.00 to $250.00. They now have a "buy" rating on the stock. (11/8/2019)
  • Wolverine World Wide, Inc. (NYSE: WWW) had its price target raised by analysts at Pivotal Research from $30.00 to $32.00. They now have a "hold" rating on the stock. (11/8/2019)
  • Pinterest (NYSE: PINS) was downgraded by analysts at Pivotal Research from a "buy" rating to a "hold" rating. They now have a $23.50 price target on the stock, down previously from $32.00. (11/1/2019)
  • Walgreens Boots Alliance Inc (NASDAQ: WBA) had its price target lowered by analysts at Pivotal Research from $60.00 to $55.00. They now have a "hold" rating on the stock. (10/30/2019)
  • Alphabet Inc (NASDAQ: GOOGL) had its "hold" rating re-affirmed by analysts at Pivotal Research. They now have a $1,445.00 price target on the stock. (10/29/2019)

#4 - Acumen Capital

Average 12 Month ROI on "Buy" Recommendations: 4.565%
Variance of Price Targets: 75.939% (Lower is Better)
Based on: 17 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Acumen Capital:

  • Viemed Healthcare (CVE: VMD) was given a new C$12.00 price target on by analysts at Acumen Capital. They now have a "buy" rating on the stock. (5/24/2019)
  • CRH Medical Corp (TSE: CRH) had its price target lowered by analysts at Acumen Capital from C$6.25 to C$6.00. (3/15/2019)
  • Crown Capital Partners Inc (TSE: CRWN) had its "buy" rating re-affirmed by analysts at Acumen Capital. They now have a C$11.80 price target on the stock. (2/19/2019)
  • Hamilton Thorne Ltd (CVE: HTL) was given a new C$1.30 price target on by analysts at Acumen Capital. They now have a "buy" rating on the stock. (2/12/2019)
  • RediShred Capital Corp. (CVE: KUT) had its price target raised by analysts at Acumen Capital from C$1.10 to C$1.20. (2/4/2019)

#5 - Robert W. Baird

Average 12 Month ROI on "Buy" Recommendations: 4.371%
Variance of Price Targets: 73.632% (Lower is Better)
Based on: 1019 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Robert W. Baird:

  • Cisco Systems, Inc. (NASDAQ: CSCO) had its "buy" rating re-affirmed by analysts at Robert W. Baird. They now have a $54.00 price target on the stock. (11/11/2019)
  • Premier Inc (NASDAQ: PINC) was downgraded by analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating. They now have a $41.00 price target on the stock. (11/11/2019)
  • Terex Co. (NYSE: TEX) was upgraded by analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating. They now have a $44.00 price target on the stock, up previously from $29.00. (11/11/2019)
  • Wright Medical Group NV (NASDAQ: WMGI) was downgraded by analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating. They now have a $31.00 price target on the stock, up previously from $28.00. (11/11/2019)
  • Modine Manufacturing Co. (NYSE: MOD) was downgraded by analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating. They now have a $9.00 price target on the stock, down previously from $14.00. (11/11/2019)

#6 - Atlantic Securities

Average 12 Month ROI on "Buy" Recommendations: 4.109%
Variance of Price Targets: 76.324% (Lower is Better)
Based on: 41 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Atlantic Securities:

  • Altice USA Inc (NYSE: ATUS) was downgraded by analysts at Atlantic Securities from an "overweight" rating to a "neutral" rating. (11/6/2019)
  • Bank of America Corp (NYSE: BAC) was upgraded by analysts at Atlantic Securities from a "neutral" rating to an "overweight" rating. (10/22/2019)
  • Johnson & Johnson (NYSE: JNJ) was upgraded by analysts at Atlantic Securities from an "underweight" rating to a "neutral" rating. (10/16/2019)
  • Msci Inc (NYSE: MSCI) is now covered by analysts at Atlantic Securities. They set a "neutral" rating and a $235.00 price target on the stock. (9/25/2019)
  • Ralph Lauren Corp (NYSE: RL) was upgraded by analysts at Atlantic Securities from a "neutral" rating to an "overweight" rating. They now have a $138.00 price target on the stock, up previously from $135.00. (9/24/2019)

#7 - HSBC

Average 12 Month ROI on "Buy" Recommendations: 31.870%
Variance of Price Targets: 73.715% (Lower is Better)
Based on: 47 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from HSBC:

  • Aston Martin Lagonda Global Holdings PLC (LON: AML) was upgraded by analysts at HSBC Holdings plc to a "buy" rating. They now have a GBX 550 price target on the stock. (11/11/2019)
  • Fielmann AG (FRA: FIE) was given a new €79.00 price target on by analysts at HSBC Holdings plc. They now have a "buy" rating on the stock. (11/11/2019)
  • PagSeguro Digital Ltd (NYSE: PAGS) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. (11/11/2019)
  • Koenig & Bauer AG (ETR: SKB) was given a new €46.00 price target on by analysts at HSBC Holdings plc. They now have a "buy" rating on the stock. (11/11/2019)
  • BBA AVIATION PL/ADR (OTCMKTS: BBAVY) was downgraded by analysts at HSBC Holdings plc from a "buy" rating to a "hold" rating. (11/11/2019)

#8 - Monness Crespi & Hardt

Average 12 Month ROI on "Buy" Recommendations: 23.286%
Variance of Price Targets: 69.274% (Lower is Better)
Based on: 76 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Monness Crespi & Hardt:

  • Koppers Holdings Inc. (NYSE: KOP) had its price target raised by analysts at Monness Crespi & Hardt from $37.00 to $45.00. They now have a "buy" rating on the stock. (11/8/2019)
  • Fortinet Inc (NASDAQ: FTNT) had its price target raised by analysts at Monness Crespi & Hardt from $102.00 to $110.00. They now have a "buy" rating on the stock. (11/1/2019)
  • Apple Inc. (NASDAQ: AAPL) had its price target raised by analysts at Monness Crespi & Hardt from $265.00 to $300.00. They now have a "buy" rating on the stock. (10/31/2019)
  • Twilio Inc (NYSE: TWLO) was downgraded by analysts at Monness Crespi & Hardt from a "buy" rating to a "neutral" rating. (10/31/2019)
  • Crocs, Inc. (NASDAQ: CROX) had its price target raised by analysts at Monness Crespi & Hardt from $32.00 to $44.00. They now have a "buy" rating on the stock. (10/31/2019)

#9 - First Analysis

Average 12 Month ROI on "Buy" Recommendations: 8.788%
Variance of Price Targets: 69.630% (Lower is Better)
Based on: 36 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from First Analysis:

  • Quotient Technology Inc (NYSE: QUOT) was upgraded by analysts at First Analysis from an "outperform" rating to a "strong-buy" rating. They now have a $13.00 price target on the stock, up previously from $11.00. (11/7/2019)
  • Repligen Co. (NASDAQ: RGEN) was upgraded by analysts at First Analysis from an "outperform" rating to a "strong-buy" rating. They now have a $110.00 price target on the stock, up previously from $107.00. (11/1/2019)
  • Upwork Inc (NASDAQ: UPWK) is now covered by analysts at First Analysis. They set an "outperform" rating and a $18.00 price target on the stock. (10/31/2019)
  • SPS Commerce, Inc. (NASDAQ: SPSC) was upgraded by analysts at First Analysis from an "outperform" rating to a "strong-buy" rating. (10/25/2019)
  • LeMaitre Vascular Inc (NASDAQ: LMAT) was downgraded by analysts at First Analysis from a "strong-buy" rating to an "outperform" rating. They now have a $40.00 price target on the stock, up previously from $37.00. (10/24/2019)

#10 - Aegis

Average 12 Month ROI on "Buy" Recommendations: 6.221%
Variance of Price Targets: 69.054% (Lower is Better)
Based on: 36 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Aegis:

  • Facebook, Inc. (NASDAQ: FB) had its "buy" rating re-affirmed by analysts at Aegis. (11/4/2019)
  • Global Net Lease Inc (NYSE: GNL) is now covered by analysts at Aegis. They set a "buy" rating and a $21.50 price target on the stock. (10/31/2019)
  • Amarin Co. plc (NASDAQ: AMRN) is now covered by analysts at Aegis. They set a "buy" rating and a $23.00 price target on the stock. (10/31/2019)
  • eBay Inc (NASDAQ: EBAY) was downgraded by analysts at Aegis from a "buy" rating to a "hold" rating. (10/24/2019)
  • Twitter Inc (NYSE: TWTR) was downgraded by analysts at Aegis from a "buy" rating to a "hold" rating. They now have a $33.00 price target on the stock, down previously from $48.00. (10/24/2019)





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