Zacks.com featured highlights Oshkosh, MasTec, Xenia Hotels & Resorts and Korn Ferry

Zacks.com featured highlights Oshkosh, MasTec, Xenia Hotels & Resorts and Korn Ferry

Zacks Equity Research
5 min read
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For Immediate Release

Chicago, IL – March 7, 2024 – Stocks in this week’s article are Oshkosh Corp. OSK, MasTec, Inc. MTZ, Xenia Hotels & Resorts, Inc. XHR and Korn Ferry KFY.

4 Stocks with Upgraded Broker Ratings Worth Considering Now

Though the macroeconomic environment is gradually becoming clearer, the path to rate cuts is still uncertain. Further, the central bank officials are pushing back rate cut expectations.

Hence, in such a situation, it is difficult for individual investors to pick stocks independently and generate solid returns. For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out how it may fare as an investment.

One way to cut short this task is to follow brokers’ recommendations. In this regard, stocks like Oshkosh Corp., MasTec, Inc., Xenia Hotels & Resorts, Inc. and Korn Ferry are worth a look.

As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They assess companies’ publicly available documents and even attend conference calls.

Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.

When brokers upgrade a stock, one can easily rely on their judgment. However, depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.

Here are four stocks that qualified for the screening:

Headquartered in Oshkosh, WI, Oshkosh is a producer and seller of a varied range of vehicle bodies and specialty vehicles. OSK is also engaged in equipment financing and leasing solutions for its customers, primarily through third-party funding arrangements.

OSK’s earnings for 2024 are expected to rise 2.9%. Oshkosh, carrying a Zacks Rank #2, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.

Headquartered in Coral Gables, FL, MasTec is a leading infrastructure construction company. MTZ is engaged in the engineering, building, installation, maintenance and upgrade of energy, communication and utility and other infrastructure.

MasTec’s 2024 earnings are projected to jump 25.4%. MTZ, sporting a Zacks Rank #1 at present, has witnessed a 9.1% upward revision in broker ratings over the past four weeks.

Xenia Hotels & Resorts, based in Orlando, FL, is a self-advised and self-administered REIT. XHR invests in luxury and upper upscale hotels and resorts, with a primary focus on the top 25 lodging markets and major leisure destinations.

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