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Boeing stock removed from Jefferies' 'Franchise Picks' list

Published 06/06/2024, 08:29 AM
Updated 06/06/2024, 08:31 AM
© Reuters.  Boeing stock removed from Jefferies\' \'Franchise Picks\' list

Jefferies has announced the latest changes to its 'Franchise Picks' list, removing Boeing (NYSE NYSE:BA) from the lineup. Alongside Boeing, two other notable removals are Take-Two (NASDAQ:TTWO) Interactive Software (TTWO) and Caterpillar (NYSE:CAT).

The updated 'Franchise Picks' list now includes nine new stocks: ConocoPhillips (NYSE:COP), DraftKings (NASDAQ:DKNG), Eaton (NYSE:ETN), International Paper (IP), Insulet (NASDAQ:PODD), Sysco (NYSE:SYY), TKO Group (TKO), Western Alliance (NYSE:WAL), and ZIM Integrated Shipping (ZIM).

The Franchise List now consists of 22 “top ideas” which Jefferies says “are underpinned by differentiated analysis, supported by catalysts, and sit at valuation levels that suggest upside.”

In addition to BA, TTWO, and CAT, analysts at Jefferies took off several more stocks from their curated list, including DexCom (DXCM), Exact Sciences (NASDAQ:EXAS), FirstCash (NASDAQ:FCFS), Mondelez International (NASDAQ:MDLZ), and Tenet Healthcare (NYSE:THC).

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