These large-cap stocks were top performers last week. Heico, Xpeng, Li Auto, Lineage, Erie Indemnity, Lloyds, Unum, FICO, Masimo, Smith & Nephew, AB InBev, and Nutanix all saw significant gains.
Lineage shares rise after multiple firms initiate coverage with Buy ratings. JPMorgan analyst initiates with Overweight rating and $93 price target, citing challenges in cold storage business but expects improved trends. Lineage heavily invests in technology and acquisitions, with potential for above-forecasted growth. BofA Securities analyst maintains Buy rating and $100 price target, highlighting competitive advantage and investments in technology. Truist Securities analyst starts coverage with Buy rating and $94 price target, anticipating rebound in food sector and strong market position for Lineage.
