Published On: Mon, Nov 10th, 2014

5 Top Credit Suisse Stock Picks


Credit Suisse added 5 stocks to its list of top recommendation as reported by Paul Ebeling of HeffX.

Allison Transmission (ALSN) will benefit from greater demand for trucks as truck fleets need to be replaced. The stock yields 1.8% and Credit Suisse’s target is $37. The stock recently closed at $33.52.

Ingersoll Rand (IR) will perform well as housing rebounds and the economy improves. The stock yields 1.6%, and Credit Suisse’s target is $73, and  the consensus target is $68.56.

Medtronic (MDT) is a large diversified medical device company, and Wall Street liked its intended takeover of Covidien. There is some speculation that the deal won’t go through, perhaps because of its controversial practice of tax inversion, but Credit Suisse is betting that the merger will happen. MDT yields 1.8%, Credit Suisse’s target is $70, and the stock closed recently t $68.10

SLM is a recently spun-off financial that focuses on consumer banking, private educations loans, savings and insurance. Credit Suisse’s target is $11 and the consensus target is $10.63. The stock recently closed at $9.91

Schlumberger (SLB) has gotten hit along with other oils because of commodity prices, but this oil service company will likely bounce back once the price of oil stabilizes. Credit Suisse’s target is $135, the consensus target is $120, and it closed recently at $98.73. The stock yields 1.6%

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