CHPT - Jefferies tackles single stocks with high-return basket offering 60% average upside

Jefferies is out with a list of "exceptional"-upside stocks for some high-volatility times - an exercise it admits is akin to "panning for gold in whitewater." But the names and target prices it lists are, on average, offering about 60% upside from current levels, and their most bullish cases point to 135% upside on average. The list - 23 stocks across sectors offering the most potential appreciation from current prices - breaks down broadly into three attribute categories, the firm says: those stocks with leverage to the continued economic recovery; those with potential for structural growth through secular drivers; and those with stock-specific catalysts to drive them further upward. Investors may be repositioning toward a risk-averse stance overall due to factors including the COVID-19 Delta variant, rising geopolitical instability, and potential changes to monetary policy, the firm says. But there's room to gain outperformance in single stocks since economic data

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Jefferies tackles single stocks, with high-return basket offering 60% average upside