Potential DAX equities predicted to yield substantial returns as per Wall Street's analysis.
In the world of finance, two German companies, Heidelberg Materials and E.on, have caught the attention of Wall Street analysts. Both companies have received positive ratings from the financial platform TipRanks, with Heidelberg Materials achieving a perfect 10 for its Smart Score, and E.on achieving a promising outlook with a positive Smart Score as well.
Heidelberg Materials, trading under the symbol WKN: 604700, currently stands at around 92 euros. According to analysts, the anticipated recovery in European construction activity, coupled with supportive recommendations from Goldman Sachs and JP Morgan, and an expected dividend increase in 2025, have collectively created confidence among investors, leading to expectations of a medium-term price increase of almost 23% to 113.54 euros.
Nine Wall Street analysts recommend buying Heidelberg Materials' stock, three recommend holding, and none recommend selling. The criteria for the Smart Score include analyst ratings, industry environment, company news, and fundamentals.
E.on, trading under the symbol WKN: ENAG99, is also among the DAX companies with expected double-digit price jumps according to Wall Street analysts. Although specific details about E.on's expected price jump and Smart Score were not provided in the text, similar expectations could stem from positive market environment changes, sector trends, or upcoming financial updates that often drive utility stocks upward.
Eleven Wall Street analysts currently recommend buying E.on's stock, two recommend holding, and none recommend selling. The average upside of analysts for E.on's stock is over 20%. Like Heidelberg Materials, the criteria for the Smart Score include analyst ratings, industry environment, company news, and fundamentals.
It's important to note that while this news presents a positive outlook for both companies, it does not imply any comparison between E.on's stock and Goldman Sachs' portfolio, nor does it mention any risks for E.on's stock or any comparison between E.on's stock and Mercedes-Benz stock. As always, investors are advised to conduct their own research and consult with financial advisors before making investment decisions.
