Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Argus upgraded shares of Harsco Corporation (NYSE:HSC) from Hold to Buy, with a price target of $21. The price target represents roughly 18 percent upside from the stock's closing of $17.85 on Thursday.
Analysts David Coleman stated that the industrial services and engineered products company's cost-cutting initiatives, good returns on prior investments and improving end-market demand led to above-consensus results in the first half of 2017. Coleman noted that management expects this trend to continue, with industrial and metals segment expected to have a strong second half.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
See Also: An Industrial ETF Hitting New Highs
Argus also believes the dollar depreciation through 2017 and into 2018 will be a significant tailwind for the company. Accordingly, the firm feels a Buy rating is now warranted despite the risks of investing in a commodities sensitive company.
Citing the stronger-than-expected second quarter results released in early August and the improved second-half outlook, Argus raised its 2018 earnings per share estimate from 67 cents to 74 cents.
"Although the shares are trading at the high end of its 52-week range of $8.52-$17.90, we believe they have more room to run," Argus said.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.