A handful of stocks could be breakout candidates as investors react to discussions at the Federal Reserve's annual retreat in Jackson Hole, Wyoming, according to
remains cautious on the broader market and indexes, with its chief market technician, Jonathan Krinsky, asserting "we would be surprised if SPX rips through its prior highs without some further consolidation." "Given volatility has a bid, that makes an outright 'sell the news' on Friday less likely, in our view, as there is now room for to get hit into the weekend," he said.
's buy rating and $47 per share price target implies more than 8% upside from Wednesday's $43.35 close.
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