Morgan Stanley honed in on publicly traded companies that are improving on ESG in ways that can boost shareholder returns. Analyst Stephen Byrd's team highlighted a "rate of change" metric that gauges how much of an improvement a company is making on environmental, social and governance issues — and how that can help a business grow revenue and margins. These stocks also offer attractive risk-rewards, he said.
Pro then screened his list for U.S. stocks that are liked more broadly by Wall Street analysts. The screen filtered for stocks rated buy, or overweight, by more than 50% of analysts and have an average price target implying upside of more than 10% in the next 12 months. All data is from FactSet as of Wednesday. Here's the 10 rising starts that passed
Pro's screen: Energy and utilities stocks accounted for the bulk of the list. One of the companies, New Fortress Energy , has the the largest potential upside on the list at about 60%. Eighty-percent of analysts rate the stock a buy, FactSet data shows. Byrd pointed to the company's plans for a green hydrogen plant and a system for providing low-cost feedstock gas.
's Michael Bloom contributed to this report.
ESG is similar to AI. Every company grows in the term to make themselves look cutting edge. I suspect most of the claims are nonsense.
RIP John Deere.
ESG is a scam.
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