HSBC says these stocks are buys ahead of their earnings reports

has high hopes for the third quarter earnings season and is sure that some stocks will do better than others. The latest quarter's results kicked off in earnest on Friday following reports from BlackRock , JPMorgan and Wells Fargo . Financial firms from Citigroup to regional banks including PNC Financial Services will post their earnings in coming days, alongside this week's blockbuster reports from Netflix and Procter & Gamble , among many others.

recommended: Shares of Target have risen 11% this year through Friday, and analyst Daniela Bretthauer's $197 price objective implies the stock could rally another 24% over the next 12 months. Bretthauer highlighted Target's rising revenue and expanding gross profit margin as tailwinds for the Minnesota-based retailer's fiscal third quarter. These catalysts contributed to net sales growth of 2.3% in Target's third quarter, the analyst believes.

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