Top Ten Brokerages You Can Trust in 2018

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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: 39.074%
Variance of Price Targets: 75.603% (Lower is Better)
Based on: 37 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Summit Redstone:

  • Mellanox Technologies (NASDAQ: MLNX) was given a new $75.00 price target on by analysts at Summit Redstone. They now have a "buy" rating on the stock. (2/21/2018)
  • Vonage Holdings (NYSE: VG) had its "hold" rating re-affirmed by analysts at Summit Redstone. (2/9/2018)
  • Snap Inc. (NYSE: SNAP) was upgraded by analysts at Summit Redstone from a "sell" rating to a "hold" rating. They now have a $16.00 price target on the stock. (2/7/2018)
  • Qorvo (NASDAQ: QRVO) was downgraded by analysts at Summit Redstone from a "hold" rating to a "sell" rating. (2/1/2018)
  • Western Digital (NASDAQ: WDC) was downgraded by analysts at Summit Redstone from a "buy" rating to a "hold" rating. (1/26/2018)

#2 - JPMorgan Chase

Average 12 Month ROI on "Buy" Recommendations: 115.186%
Variance of Price Targets: 71.118% (Lower is Better)
Based on: 1167 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from JPMorgan Chase:

  • Reckitt Benckiser (LON: RB) was given a new GBX 7,200 price target on by analysts at JPMorgan Chase. They now have a "buy" rating on the stock. (4/20/2018)
  • Unilever plc (LON: ULVR) was given a new GBX 4,400 price target on by analysts at JPMorgan Chase. They now have a "neutral" rating on the stock. (4/20/2018)
  • Kion Group AG (FRA: KGX) was given a new €73.00 price target on by analysts at JPMorgan Chase. They now have a "buy" rating on the stock. (4/20/2018)
  • General Electric (NYSE: GE) had its "sell" rating re-affirmed by analysts at JPMorgan Chase. (4/20/2018)
  • E.ON (FRA: EOAN) was given a new €11.50 price target on by analysts at JPMorgan Chase. They now have a "buy" rating on the stock. (4/20/2018)

#3 - Societe Generale

Average 12 Month ROI on "Buy" Recommendations: 38.727%
Variance of Price Targets: 72.615% (Lower is Better)
Based on: 47 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Societe Generale:

  • The Linde Group (ETR: LIN) was given a new €225.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (4/20/2018)
  • Schneider Electric (EPA: SU) was given a new €88.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (4/20/2018)
  • RWE (OTCMKTS: RWEOY) was upgraded by analysts at Societe Generale from a "hold" rating to a "buy" rating. (4/20/2018)
  • ABB Ltd. (VTX: ABBN) was given a new CHF 24 price target on by analysts at Societe Generale. They now have a "neutral" rating on the stock. (4/20/2018)
  • National Oilwell Varco (NYSE: NOV) was downgraded by analysts at Societe Generale from a "buy" rating to a "hold" rating. They now have a $41.00 price target on the stock, up previously from $38.32. (4/19/2018)

#4 - National Securities

Average 12 Month ROI on "Buy" Recommendations: 29.123%
Variance of Price Targets: 71.144% (Lower is Better)
Based on: 130 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from National Securities:

  • Eagle Point Credit Co (NYSE: ECC) had its "buy" rating re-affirmed by analysts at National Securities. They now have a $24.00 price target on the stock. (4/19/2018)
  • Triangle Capital Co. (NYSE: TCAP) had its "neutral" rating re-affirmed by analysts at National Securities. They now have a $13.00 price target on the stock, up previously from $11.00. (4/5/2018)
  • Ares Capital (NASDAQ: ARCC) had its "buy" rating re-affirmed by analysts at National Securities. They now have a $19.00 price target on the stock. (3/26/2018)
  • TPG Specialty Lending (NYSE: TSLX) had its "buy" rating re-affirmed by analysts at National Securities. They now have a $21.00 price target on the stock. (3/22/2018)
  • Monroe Capital (NASDAQ: MRCC) had its "buy" rating re-affirmed by analysts at National Securities. They now have a $17.00 price target on the stock. (3/16/2018)

#5 - CLSA

Average 12 Month ROI on "Buy" Recommendations: 28.672%
Variance of Price Targets: 74.405% (Lower is Better)
Based on: 23 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from CLSA:

  • Aluminum Co. of China Limited (NYSE: ACH) was downgraded by analysts at CLSA from an "outperform" rating to a "sell" rating. (4/11/2018)
  • China Telecom (NYSE: CHA) was upgraded by analysts at CLSA from an "underperform" rating to an "outperform" rating. (3/28/2018)
  • Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is now covered by analysts at CLSA. They set an "outperform" rating on the stock. (2/26/2018)
  • Editas Medicine (NASDAQ: EDIT) is now covered by analysts at CLSA. They set an "underperform" rating on the stock. (2/13/2018)
  • NetEase (NASDAQ: NTES) was upgraded by analysts at CLSA from a "sell" rating to an "underperform" rating. (2/8/2018)

#6 - Hovde Group

Average 12 Month ROI on "Buy" Recommendations: 26.810%
Variance of Price Targets: 74.768% (Lower is Better)
Based on: 95 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Hovde Group:

  • Pinnacle Financial Partners (NASDAQ: PNFP) was upgraded by analysts at Hovde Group from a "market perform" rating to an "outperform" rating. They now have a $72.00 price target on the stock. (4/18/2018)
  • Mercantile Bank Corp. (NASDAQ: MBWM) had its "hold" rating re-affirmed by analysts at Hovde Group. They now have a $37.00 price target on the stock. (4/18/2018)
  • First Horizon National Co. (NYSE: FHN) was given a new $21.00 price target on by analysts at Hovde Group. They now have a "hold" rating on the stock. (4/16/2018)
  • Opus Bank (NASDAQ: OPB) was given a new $30.00 price target on by analysts at Hovde Group. They now have a "hold" rating on the stock. (4/6/2018)
  • Mackinac Financial Co. (NASDAQ: MFNC) is now covered by analysts at Hovde Group. They set an "outperform" rating and a $19.00 price target on the stock. (4/3/2018)

#7 - BNP Paribas

Average 12 Month ROI on "Buy" Recommendations: 25.158%
Variance of Price Targets: 89.574% (Lower is Better)
Based on: 16 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from BNP Paribas:

  • Eni (NYSE: E) was upgraded by analysts at BNP Paribas from an "underperform" rating to a "neutral" rating. (4/20/2018)
  • Galp (OTCMKTS: GLPEY) was downgraded by analysts at BNP Paribas from a "neutral" rating to an "underperform" rating. (4/20/2018)
  • Nestle SA (VTX: NESN) was given a new CHF 74 price target on by analysts at BNP Paribas. They now have a "sell" rating on the stock. (4/17/2018)
  • Auto Trader Group (LON: AUTO) was downgraded by analysts at BNP Paribas to a "neutral" rating. They now have a GBX 370 price target on the stock. (4/12/2018)
  • Shire (LON: SHP) had its "outperform" rating re-affirmed by analysts at BNP Paribas. They now have a GBX 4,700 price target on the stock. (4/9/2018)

#8 - Drexel Hamilton

Average 12 Month ROI on "Buy" Recommendations: 23.622%
Variance of Price Targets: 80.304% (Lower is Better)
Based on: 194 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Drexel Hamilton:

  • Lumentum Holdings (NASDAQ: LITE) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $85.00 price target on the stock. (3/21/2018)
  • Infinera (NASDAQ: INFN) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $13.00 price target on the stock. (3/21/2018)
  • Calix Inc. (NYSE: CALX) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $8.50 price target on the stock. (3/21/2018)
  • Broadcom Limited (NASDAQ: AVGO) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $313.00 price target on the stock, up previously from $302.00. (3/16/2018)
  • Vectrus (NYSE: VEC) was downgraded by analysts at Drexel Hamilton from a "buy" rating to a "hold" rating. (3/5/2018)

#9 - Laurentian

Average 12 Month ROI on "Buy" Recommendations: 23.209%
Variance of Price Targets: 74.379% (Lower is Better)
Based on: 16 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Laurentian:

  • Pure Multi-Family REIT (CVE: RUF.U) was given a new C$6.75 price target on by analysts at Laurentian. They now have a "buy" rating on the stock. (3/29/2018)
  • DIRTT (TSE: DRT) had its price target lowered by analysts at Laurentian from C$7.50 to C$6.50. (3/23/2018)
  • Boyd Group Income Fund (TSE: BYD.UN) was given a new C$120.00 price target on by analysts at Laurentian. (3/22/2018)
  • Solium (TSE: SUM) had its price target raised by analysts at Laurentian from C$12.75 to C$13.00. (3/22/2018)
  • K-Bro Linen (TSE: KBL) was upgraded by analysts at Laurentian from a "hold" rating to a "buy" rating. (3/16/2018)

#10 - Keefe, Bruyette & Woods

Average 12 Month ROI on "Buy" Recommendations: 22.076%
Variance of Price Targets: 74.933% (Lower is Better)
Based on: 613 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Keefe, Bruyette & Woods:

  • BancFirst (NASDAQ: BANF) had its "hold" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $60.00 price target on the stock. (4/20/2018)
  • Equity BancShares Inc (NASDAQ: EQBK) had its "buy" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $47.00 price target on the stock. (4/20/2018)
  • First Internet Bancorp (NASDAQ: INBK) had its "buy" rating re-affirmed by analysts at Keefe, Bruyette & Woods. (4/20/2018)
  • Home BancShares (NASDAQ: HOMB) had its "buy" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $28.00 price target on the stock. (4/20/2018)
  • Texas Capital Bancshares, Inc. (NASDAQ: TCBI) had its "hold" rating re-affirmed by analysts at Keefe, Bruyette & Woods. (4/19/2018)







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