Top Ten Brokerages You Can Trust in 2017

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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 - Summit Redstone

Average 12 Month ROI on "Buy" Recommendations: 44.380%
Variance of Price Targets: 75.247% (Lower is Better)
Based on: 29 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Summit Redstone:

  • Western Digital Corporation (NASDAQ: WDC) was upgraded by analysts at Summit Redstone from a "hold" rating to a "buy" rating. (12/13/2017)
  • Silicon Motion Technology Corporation (NASDAQ: SIMO) was upgraded by analysts at Summit Redstone from a "hold" rating to a "buy" rating. (12/7/2017)
  • Teradata Corporation (NYSE: TDC) was upgraded by analysts at Summit Redstone from a "hold" rating to a "buy" rating. (11/13/2017)
  • ON Semiconductor Corporation (NASDAQ: ON) was downgraded by analysts at Summit Redstone to a "hold" rating. (11/6/2017)
  • Qualys, Inc. (NASDAQ: QLYS) was upgraded by analysts at Summit Redstone from a "hold" rating to a "buy" rating. They now have a $65.00 price target on the stock. (11/1/2017)

#2 - Evercore

Average 12 Month ROI on "Buy" Recommendations: 44.300%
Variance of Price Targets: 76.988% (Lower is Better)
Based on: 13 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Evercore:

  • Restaurant Brands International Inc (TSE: QSR) had its "outperform" rating re-affirmed by analysts at Evercore Inc. (12/12/2017)
  • Ensign Energy Services Inc. (TSE: ESI) had its price target raised by analysts at Evercore Inc from C$9.00 to C$11.00. (12/20/2016)
  • Precision Drilling Co. (TSE: PD) had its price target raised by analysts at Evercore Inc from C$8.00 to C$9.00. (12/20/2016)
  • Calfrac Well Services Ltd (TSE: CFW) had its price target raised by analysts at Evercore Inc from C$4.00 to C$6.00. (12/20/2016)
  • Trican Well Service Ltd (TSE: TCW) had its price target raised by analysts at Evercore Inc from C$3.50 to C$5.00. (12/20/2016)

#3 - Global Equities Research

Average 12 Month ROI on "Buy" Recommendations: 58.748%
Variance of Price Targets: 72.128% (Lower is Better)
Based on: 14 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Global Equities Research:

  • Tesla Inc (NASDAQ: TSLA) had its "buy" rating re-affirmed by analysts at Global Equities Research. They now have a $485.00 price target on the stock. (11/29/2017)
  • Tesla Inc (NASDAQ: TSLA) had its "buy" rating re-affirmed by analysts at Global Equities Research. They now have a $385.00 price target on the stock. (6/13/2017)
  • Microsoft Corporation (NASDAQ: MSFT) had its "buy" rating re-affirmed by analysts at Global Equities Research. They now have a $75.00 price target on the stock. (6/13/2017)
  • NetGear, Inc. (NASDAQ: NTGR) had its "buy" rating re-affirmed by analysts at Global Equities Research. They now have a $85.00 price target on the stock. (6/13/2017)
  • NVIDIA Corporation (NASDAQ: NVDA) had its "overweight" rating re-affirmed by analysts at Global Equities Research. They now have a $125.00 price target on the stock. (5/10/2017)

#4 - Needham & Company LLC

Average 12 Month ROI on "Buy" Recommendations: 40.024%
Variance of Price Targets: 68.353% (Lower is Better)
Based on: 828 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Needham & Company LLC:

  • LendingTree, Inc. (NASDAQ: TREE) had its price target raised by analysts at Needham & Company LLC from $300.00 to $375.00. They now have a "buy" rating on the stock. (12/14/2017)
  • Esperion Therapeutics, Inc. (NASDAQ: ESPR) was upgraded by analysts at Needham & Company LLC from a "buy" rating to a "strong-buy" rating. They now have a $81.00 price target on the stock, up previously from $72.00. (12/14/2017)
  • Global Blood Therapeutics Inc (NASDAQ: GBT) had its price target raised by analysts at Needham & Company LLC from $51.00 to $70.00. They now have a "buy" rating on the stock. (12/14/2017)
  • FormFactor, Inc. (NASDAQ: FORM) was upgraded by analysts at Needham & Company LLC from a "buy" rating to a "strong-buy" rating. They now have a $22.00 price target on the stock. (12/14/2017)
  • ArQule, Inc. (NASDAQ: ARQL) was upgraded by analysts at Needham & Company LLC from a "hold" rating to a "buy" rating. (12/14/2017)

#5 - National Securities

Average 12 Month ROI on "Buy" Recommendations: 36.919%
Variance of Price Targets: 75.635% (Lower is Better)
Based on: 138 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from National Securities:

  • (: ) was upgraded by analysts at National Securities from a "neutral" rating to a "buy" rating. They now have a $10.00 price target on the stock. (12/14/2017)
  • Medley Capital Corporation (NYSE: MCC) had its "neutral" rating re-affirmed by analysts at National Securities. They now have a $6.00 price target on the stock. (12/7/2017)
  • Monmouth Real Estate Investment Corporation (NYSE: MNR) had its price target raised by analysts at National Securities from $18.00 to $20.00. They now have a "buy" rating on the stock. (12/6/2017)
  • Resonant Inc (NASDAQ: RESN) is now covered by analysts at National Securities. They set a "buy" rating and a $14.00 price target on the stock. (12/5/2017)
  • TICC Capital Corp. (NASDAQ: TICC) was downgraded by analysts at National Securities from a "neutral" rating to a "sell" rating. They now have a $5.00 price target on the stock. (12/4/2017)

#6 - Pacific Crest

Average 12 Month ROI on "Buy" Recommendations: 31.340%
Variance of Price Targets: 73.760% (Lower is Better)
Based on: 277 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Pacific Crest:

  • Apple Inc. (NASDAQ: AAPL) was upgraded by analysts at Pacific Crest from a "sector weight" rating to an "overweight" rating. They now have a $187.00 price target on the stock. (10/16/2017)
  • GrubHub Inc (NYSE: GRUB) had its "overweight" rating re-affirmed by analysts at Pacific Crest. They now have a $62.00 price target on the stock. (9/25/2017)
  • Netflix, Inc. (NASDAQ: NFLX) had its "overweight" rating re-affirmed by analysts at Pacific Crest. They now have a $190.00 price target on the stock, up previously from $170.00. (7/18/2017)
  • Nutanix Inc. (NASDAQ: NTNX) had its "overweight" rating re-affirmed by analysts at Pacific Crest. They now have a $30.00 price target on the stock. (7/3/2017)
  • Micron Technology, Inc. (NASDAQ: MU) had its "equal weight" rating re-affirmed by analysts at Pacific Crest. (6/30/2017)

#7 - Haywood Securities

Average 12 Month ROI on "Buy" Recommendations: 57.548%
Variance of Price Targets: 65.276% (Lower is Better)
Based on: 41 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Haywood Securities:

  • H2O INNOVATION INC (OTCMKTS: HEOFF) had its "buy" rating re-affirmed by analysts at Haywood Securities. They now have a $2.00 price target on the stock. (9/25/2017)
  • Datawind Inc (TSE: DW) had its "buy" rating re-affirmed by analysts at Haywood Securities. They now have a C$4.50 price target on the stock. (9/7/2016)
  • Lonestar West Inc. (CVE: LSI) had its price target lowered by analysts at Haywood Securities from C$0.70 to C$0.60. They now have a "hold" rating on the stock. (8/24/2016)
  • Parkland Fuel Corp (TSE: PKI) had its price target raised by analysts at Haywood Securities from C$26.50 to C$29.25. They now have a "hold" rating on the stock. (8/23/2016)
  • Parex Resources Inc. (TSE: PXT) had its price target raised by analysts at Haywood Securities from C$18.00 to C$21.00. They now have a "buy" rating on the stock. (8/23/2016)

#8 - FirstEnergy Capital

Average 12 Month ROI on "Buy" Recommendations: 56.060%
Variance of Price Targets: 66.307% (Lower is Better)
Based on: 105 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from FirstEnergy Capital:

  • Imperial Oil Ltd (TSE: IMO) was upgraded by analysts at FirstEnergy Capital from a "market perform" rating to an "outperform" rating. (9/28/2016)
  • MEG Energy Corp. (TSE: MEG) was downgraded by analysts at FirstEnergy Capital from an "outperform" rating to a "market perform" rating. (9/28/2016)
  • Tullow Oil plc (LON: TLW) had its "outperform" rating re-affirmed by analysts at FirstEnergy Capital. They now have a GBX 250 price target on the stock. (9/23/2016)
  • Crescent Point Energy Corp (TSE: CPG) had its price target lowered by analysts at FirstEnergy Capital from C$29.00 to C$25.00. They now have an "outperform" rating on the stock. (9/21/2016)
  • Tullow Oil plc (LON: TLW) had its "outperform" rating re-affirmed by analysts at FirstEnergy Capital. They now have a GBX 250 price target on the stock. (9/16/2016)

#9 - SunTrust Banks

Average 12 Month ROI on "Buy" Recommendations: 46.609%
Variance of Price Targets: 67.281% (Lower is Better)
Based on: 756 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from SunTrust Banks:

  • Express Scripts Holding Company (NASDAQ: ESRX) was given a new $82.00 price target on by analysts at SunTrust Banks, Inc.. They now have a "buy" rating on the stock. (12/14/2017)
  • Criteo SA (NASDAQ: CRTO) was given a new $35.00 price target on by analysts at SunTrust Banks, Inc.. They now have a "buy" rating on the stock. (12/14/2017)
  • TTM Technologies, Inc. (NASDAQ: TTMI) is now covered by analysts at SunTrust Banks, Inc.. They set a "buy" rating and a $20.00 price target on the stock. (12/14/2017)
  • bluebird bio, Inc. (NASDAQ: BLUE) had its price target raised by analysts at SunTrust Banks, Inc. to $223.00. They now have a "buy" rating on the stock. (12/12/2017)
  • Bluegreen Vacations Corporation (NYSE: BXG) is now covered by analysts at SunTrust Banks, Inc.. They set a "buy" rating and a $19.00 price target on the stock. (12/12/2017)

#10 - Keefe, Bruyette & Woods

Average 12 Month ROI on "Buy" Recommendations: 36.263%
Variance of Price Targets: 68.165% (Lower is Better)
Based on: 620 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Keefe, Bruyette & Woods:

  • Wintrust Financial Corp (NASDAQ: WTFC) had its "buy" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $90.00 price target on the stock. (12/14/2017)
  • Citigroup Inc. (NYSE: C) had its price target raised by analysts at Keefe, Bruyette & Woods from $80.00 to $87.00. They now have an "outperform" rating on the stock. (12/14/2017)
  • BB&T Co. (NYSE: BBT) had its "hold" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $50.00 price target on the stock. (12/14/2017)
  • BankUnited (NYSE: BKU) had its "buy" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $42.00 price target on the stock. (12/14/2017)
  • TriCo Bancshares (NASDAQ: TCBK) had its "hold" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $43.00 price target on the stock. (12/14/2017)







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