Here Are Imperial Capital's 7 Best Stock Ideas

Imperial Capital picked seven companies as "best ideas" based on recent stock prices and 12-month target prices. The brokerage believes these ideas offered average upside potentials of about 27 percent.

Related Link: Imperial Capital Initiates Coverage On Hawaiian Air

The following stocks are assigned an Outperform rating:

    1. Callaway Golf Co ELY: The brokerage has $14 as the target price on compelling valuation and long-term margin growth.
    2. FLIR Systems, Inc. FLIR: Price tag of $40, citing the company has cash of $903 million than its total debt of $541 million.
    3. Hawaiian Holdings, Inc. HA: Price target is $58 as the company is well place to gain from margin due to a balanced network route and growth opportunities.
    4. McDermott International MDR: Price objective is $7. Imperial Capital believes the company could gain from increasing demand for offshore oil and gas construction activities driven by geographic footprint.
    5. Newfield Exploration Co. NFX: Target price is $53, citing the development mode drilling in the STACK.
    6. Tropicana Entertainment Inc TPCA: Price tag is $28. The brokerage expects continued growth driven by its Atlantic City and St. Louis casinos as the stock is undervalued.
    7. Varonis Systems Inc VRNS: Price objective is $35. The company is poised to get higher share of IT budgets enabling it to sustain profitability, according to the analysts.

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