With just under 100 days until Election Day, several small-cap and midcap names could get a huge boost if former President Donald Trump wins, according to Jefferies. As it stands, Trump is seen as the leading candidate in several national polls , and Wall Street anticipates that his victory will result in less regulation across the board. This could mean a boost for companies, especially smaller ones, as deregulation would reduce costs involved with compliance.
The stock is up more than 6% over the past three months, and Jefferies sees more room for the stock to run. The firm has a buy rating and a $112 price target on Live Nation, which implies more than 18% upside from Tuesday's close. The stock has rebounded after facing some pressure during that three-month period, when the U.S. Department of Justice announced back in late May that it is suing to break up the entertainment company.