D.A. Davidson listed its favorite long-term plays, giving investors a way to stick it out as markets face a tough month and quarter. Equities have dropped in recent months as investors worry about the possibility — and impact — of persistent interest rate hikes. As of Wednesday's close, the S & P 500 is slated to finish the month down 5.2% and the quarter is off by about 4%. D.A.
The company is also a favorite of Goldman Sachs, which maintained its buy rating and raised its price target on the stock to $195 from $175 on Monday. Financial services companies F.N.B. Corp. and Axos Financial are other long-term favorites listed by the firm's analysts. F.N.B. has dominant market share in its smaller markets and strong positioning in its larger markets, allowing it to steal market share from larger banks in some regions, analyst Manuel Navas wrote.