Macquarie Research Equities (MRE) have presented their best growth stocks based on their quantitative models. MRE’S strategy team believe it's time to focus on growth, as the Price /Earnings multiple dispersion between the best and worst stocks is low given the markets current position in the cycle. MRE’s key pick is PBL.
Publishing & Broadcasting (PBL) Target $15.71
PBL has been steadily moving up on MRE’s quantitative rankings over the last 4 weeks and it is now their preferred large cap media stock. Most analysts have upgraded their full year 2005 and 2006 earnings per share forecasts post PBL's full year announcement. MRE is particularly bullish, forecasting $0.818 and $0.955 for 2005 and 2006 respectively. PBL is one of the top ranked large cap stocks based on their underlying earnings growth model. PBL also scores well based on consensus recommendation and recommendation revisions models.
PBL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
