Second quarter earnings season has delivered robust profits despite the recessionary concerns that have roiled the market in recent days. Now, Wolfe Research recommends a handful of stocks that are positioned to outperform in the back half of the year.
's David Faber reported that rival Hershey was also interested in a potential takeover. Still, analysts remain mostly neutral on the Pringles maker, according to LSEG. Of 20 analysts covering Chicago-based Kellanova, only a little more than a quarter now rate it a buy, althought that's up from 14% in July. Zoetis also appeared on the Wolfe screen. Though shares of the former Pfizer Animal Health are down 7% this year, the stock has moved up about 9% in the past three months.
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