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: 42.577%
Variance of Price Targets: 74.089% (Lower is Better)
Based on: 39 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Summit Redstone:

  • Mellanox Technologies, Ltd. (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 Corp. (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 Inc (NASDAQ: QRVO) was downgraded by analysts at Summit Redstone from a "hold" rating to a "sell" rating. (2/1/2018)
  • Western Digital Corp (NASDAQ: WDC) was downgraded by analysts at Summit Redstone from a "buy" rating to a "hold" rating. (1/26/2018)

#2 - JPMorgan Chase & Co.

Average 12 Month ROI on "Buy" Recommendations: 126.271%
Variance of Price Targets: 71.010% (Lower is Better)
Based on: 1095 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from JPMorgan Chase & Co.:

  • Reckitt Benckiser Group Plc (LON: RB) was given a new GBX 7,000 price target on by analysts at JPMorgan Chase & Co.. They now have a "buy" rating on the stock. (6/19/2018)
  • Rio Tinto plc (LON: RIO) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 5,000 price target on the stock. (6/19/2018)
  • Unilever plc (LON: ULVR) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 4,400 to GBX 4,300. They now have a "neutral" rating on the stock. (6/19/2018)
  • L'Oreal SA (EPA: OR) was given a new €215.00 price target on by analysts at JPMorgan Chase & Co.. They now have a "buy" rating on the stock. (6/19/2018)
  • Sarepta Therapeutics Inc (NASDAQ: SRPT) had its "overweight" rating re-affirmed by analysts at JPMorgan Chase & Co.. (6/19/2018)

#3 - Goldman Sachs Group

Average 12 Month ROI on "Buy" Recommendations: 123.005%
Variance of Price Targets: 69.272% (Lower is Better)
Based on: 1116 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Goldman Sachs Group:

  • Glencore PLC (LON: GLEN) was given a new GBX 515 price target on by analysts at Goldman Sachs Group Inc. They now have a "buy" rating on the stock. (6/19/2018)
  • Covestro AG (ETR: 1COV) was given a new €69.00 price target on by analysts at Goldman Sachs Group Inc. They now have a "sell" rating on the stock. (6/19/2018)
  • SANDVIK AB/ADR (OTCMKTS: SDVKY) was upgraded by analysts at Goldman Sachs Group Inc from a "neutral" rating to a "buy" rating. (6/19/2018)
  • Rio Tinto plc (LON: RIO) was given a new GBX 3,800 price target on by analysts at Goldman Sachs Group Inc. They now have a "neutral" rating on the stock. (6/18/2018)
  • Spectris plc (LON: SXS) had its "buy" rating re-affirmed by analysts at Goldman Sachs Group Inc. (6/18/2018)

#4 - Societe Generale

Average 12 Month ROI on "Buy" Recommendations: 41.366%
Variance of Price Targets: 70.739% (Lower is Better)
Based on: 42 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Societe Generale:

  • Talanx AG (ETR: TLX) was given a new €38.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (6/19/2018)
  • easyJet plc (LON: EZJ) was given a new GBX 1,800 price target on by analysts at Societe Generale. They now have a "neutral" rating on the stock. (6/18/2018)
  • International Consolidated Airlns Grp SA (LON: IAG) was given a new GBX 750 price target on by analysts at Societe Generale. They now have a "neutral" rating on the stock. (6/18/2018)
  • Deutsche Post AG (FRA: DPW) was given a new €41.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (6/18/2018)
  • Deutsche Lufthansa AG (ETR: LHA) was given a new €28.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (6/18/2018)

#5 - CLSA

Average 12 Month ROI on "Buy" Recommendations: 26.885%
Variance of Price Targets: 72.592% (Lower is Better)
Based on: 24 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from CLSA:

  • PLDT Inc (NYSE: PHI) was upgraded by analysts at CLSA from an "underperform" rating to a "buy" rating. (6/18/2018)
  • Tarena International Inc (NASDAQ: TEDU) was downgraded by analysts at CLSA from a "buy" rating to an "underperform" rating. (6/5/2018)
  • New Oriental Education & Tech Grp (NYSE: EDU) was downgraded by analysts at CLSA from an "outperform" rating to an "underperform" rating. (5/24/2018)
  • Vipshop Holdings Ltd - (NYSE: VIPS) was downgraded by analysts at CLSA from a "buy" rating to an "underperform" rating. (5/15/2018)
  • ZTO Express (Cayman) Inc (NYSE: ZTO) was upgraded by analysts at CLSA from a "sell" rating to an "underperform" rating. (5/10/2018)

#6 - FBN Securities

Average 12 Month ROI on "Buy" Recommendations: 26.352%
Variance of Price Targets: 70.242% (Lower is Better)
Based on: 39 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from FBN Securities:

  • Nutanix Inc (NASDAQ: NTNX) had its price target raised by analysts at FBN Securities from $60.00 to $65.00. They now have an "outperform" rating on the stock. (5/29/2018)
  • Akamai Technologies, Inc. (NASDAQ: AKAM) had its price target raised by analysts at FBN Securities to $80.00. They now have an "outperform" rating on the stock. (5/1/2018)
  • Seagate Technology PLC (NASDAQ: STX) was upgraded by analysts at FBN Securities from a "sector perform" rating to an "outperform" rating. (5/1/2018)
  • Qurate Retail Group (NASDAQ: QRTEA) was upgraded by analysts at FBN Securities from a "sector perform" rating to an "outperform" rating. They now have a $32.41 price target on the stock. (4/24/2018)
  • Forescout Technologies Inc (NASDAQ: FSCT) is now covered by analysts at FBN Securities. They set an "outperform" rating on the stock. (4/5/2018)

#7 - Drexel Hamilton

Average 12 Month ROI on "Buy" Recommendations: 23.731%
Variance of Price Targets: 80.849% (Lower is Better)
Based on: 179 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Drexel Hamilton:

  • Science Applications International Co. (NYSE: SAIC) was downgraded by analysts at Drexel Hamilton from a "buy" rating to a "hold" rating. (6/13/2018)
  • Embraer SA (NYSE: ERJ) was downgraded by analysts at Drexel Hamilton from a "buy" rating to a "hold" rating. (5/22/2018)
  • Infinera Corp. (NASDAQ: INFN) was given a new $13.00 price target on by analysts at Drexel Hamilton. They now have a "buy" rating on the stock. (5/10/2018)
  • Resonant Inc (NASDAQ: RESN) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $8.00 price target on the stock. (5/10/2018)
  • Calix Inc (NYSE: CALX) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $9.00 price target on the stock. (5/9/2018)

#8 - BNP Paribas

Average 12 Month ROI on "Buy" Recommendations: 19.852%
Variance of Price Targets: 82.896% (Lower is Better)
Based on: 19 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from BNP Paribas:

  • Nokia Oyj (NYSE: NOK) was upgraded by analysts at BNP Paribas from an "underperform" rating to a "neutral" rating. (6/19/2018)
  • Nokia Oyj (HEL: NOKIA) was given a new €5.00 price target on by analysts at BNP Paribas. They now have a "neutral" rating on the stock. (6/19/2018)
  • Hugo Boss AG Common Stock (ETR: BOSS) was given a new €82.00 price target on by analysts at BNP Paribas. They now have a "buy" rating on the stock. (6/15/2018)
  • Baidu Inc (NASDAQ: BIDU) is now covered by analysts at BNP Paribas. They set a "buy" rating on the stock. (6/14/2018)
  • Alibaba Group Holding Ltd (NYSE: BABA) is now covered by analysts at BNP Paribas. They set a "buy" rating on the stock. (6/14/2018)

#9 - Hovde Group

Average 12 Month ROI on "Buy" Recommendations: 19.851%
Variance of Price Targets: 81.290% (Lower is Better)
Based on: 82 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Hovde Group:

  • Seacoast Banking Co. of Florida (NASDAQ: SBCF) had its price target raised by analysts at Hovde Group from $29.00 to $36.00. They now have an "outperform" rating on the stock. (6/15/2018)
  • Pinnacle Financial Partners (NASDAQ: PNFP) had its "outperform" rating re-affirmed by analysts at Hovde Group. They now have a $75.00 price target on the stock, up previously from $72.00. (6/8/2018)
  • Old Line Bancshares, Inc. (NASDAQ: OLBK) is now covered by analysts at Hovde Group. They set an "outperform" rating and a $39.00 price target on the stock. (5/3/2018)
  • Nicolet Bankshares Inc (NASDAQ: NCBS) is now covered by analysts at Hovde Group. They set a "market perform" rating and a $62.00 price target on the stock. (4/24/2018)
  • Peoples Bancorp Inc. (NASDAQ: PEBO) was given a new $39.00 price target on by analysts at Hovde Group. They now have a "hold" rating on the stock. (4/24/2018)

#10 - Rafferty Capital Markets

Average 12 Month ROI on "Buy" Recommendations: 19.828%
Variance of Price Targets: 86.371% (Lower is Better)
Based on: 18 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Rafferty Capital Markets:

  • PNC Financial Services Group Inc (NYSE: PNC) was upgraded by analysts at Rafferty Capital Markets from a "hold" rating to a "buy" rating. (7/17/2017)
  • Capital One Financial Corp. (NYSE: COF) was downgraded by analysts at Rafferty Capital Markets from a "buy" rating to a "hold" rating. (4/26/2017)
  • Bank of New York Mellon Corp (NYSE: BK) had its "buy" rating re-affirmed by analysts at Rafferty Capital Markets. They now have a $53.00 price target on the stock. (4/25/2017)
  • SunTrust Banks, Inc. (NYSE: STI) had its price target raised by analysts at Rafferty Capital Markets from $63.00 to $64.50. They now have a "buy" rating on the stock. (4/24/2017)
  • Citizens Financial Group Inc (NYSE: CFG) had its "buy" rating re-affirmed by analysts at Rafferty Capital Markets. They now have a $40.00 price target on the stock, up previously from $36.00. (4/24/2017)







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