These stocks could be poised to join the S & P 500 when the broad index undergoes its quarterly rebalance next month, according to some Wall Street analysts. Along with the esteem, there are some major benefits to inclusion in the index, with Barclays analyst Ramsey El-Assal noting that newly incorporated names experience 7.7% upside on average during the first trading day.
" A potential merger and acquisition of an existing member of the index may also create an opening for the stock, he added. SQ YTD mountain Shares this year Shares of Block have slumped about 8% this year, with the firm's $100 price target implying nearly 40% upside, as of Wednesday's close. Barclays holds an overweight rating on shares.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: