4 Dow Stocks With 24% to 31% Upside, According to Wall Street
Over the past month, we've witnessed an extremely rare divergence between the technology-dependent Nasdaq Composite and the iconic Dow Jones Industrial Average (DJINDICES: ^DJI). Whereas the Nasdaq Composite has dipped into official correction territory (down 10.5%, as of March 8), the Dow Jones pressed to a new intraday all-time high on Tuesday, March 9. It's the widest divergence we've seen between these two indexes in 28 years.
What might come as even more of a surprise to investors is that, despite hitting an all-time high earlier this week, the Dow Jones Industrial Average is still home to a number of perceived bargains. Based on Wall Street's 12-month consensus price targets, there are currently four Dow stocks that offer upside ranging between 24% and 31%. That's huge when we're talking about predominantly large or megacap multinational companies.
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Source Fool.com
