Stocks with the Potential To Drop
It's the basic question when investing in a stock: is it on the way up or will it go down? To answer this question, Wall Street has developed numerous ways of attempting to predict what will happen, estimating various attributes tied to stock performance in order to determine what the future holds for a company's valuation.
After dissecting the data, analysts following a particular stock produce a price target of where they believe the stock is headed. Out of the entire S&P 500, which stocks are analysts expecting to have the biggest price drops? Here's the top 20, according to ThomsonReuters (as of market close on 10/16/09).
Click ahead to find out!
By Ariel Nelson & Paul Toscano
Posted 16 Oct 2009
20. Avery Dennison Group (AVY)
Price Target: $32.50
Closing Price (10/16): $38.70
Potential to Drop: -14.0%
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19. Host Hotel & Resorts (HST)
Price Target: $9.58
Closing Price (10/16): $11.19
Potential to Drop: -14.4%
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18. Caterpillar (CAT)
Price Target: $46.31
Closing Price (10/16): $54.57
Potential to Drop: -15.1%
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17. Citrix Systems (CTXS)
Price Target: $35.50
Closing Price (10/16): $41.96
Potential to Drop: -15.4%
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16. Whirlpool (WHR)
Price Target: $61.17
Closing Price (10/16): $72.73
Potential to Drop: -15.9%
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15. M&T Bank (MTB)
Price Target: $55.78
Closing Price (10/16): $66.53
Potential to Drop: -16.2%
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14. BJ Services (BJS)
Price Target: $17.40
Closing Price (10/16): $21.17
Potential to Drop: -17.8%
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13. Advanced Micro Devices (AMD)
Price Target: $4.57
Closing Price (10/16): $5.74
Potential to Drop: -20.4%
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11. (Tie) Titanium Metals Corp (TIE)
Price Target: $8.17
Closing Price (10/16): $22.15
Potential to Drop: -20.5%
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11. (Tie) Lexmark Intl. (LXK)
Price Target: $17.61
Closing Price (10/16): $22.15
Potential to Drop: -20.5%
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10. Starwood Hotels (HOT)
Price Target: $27.97
Closing Price (10/16): $35.38
Potential to Drop: -20.9%
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9. New York Times (NYT)
Price Target: $6.50
Closing Price (10/16): $8.48
Potential to Drop: -23.3%
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8. Whole Foods (WFMI)
Price Target: $25.64
Closing Price (10/16): $33.74
Potential to Drop: -24.0%
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7. Harley Davidson (HOG)
Price Target: $21.00
Closing Price (10/16): $27.86
Potential to Drop: -24.6%
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6. Apartment Investment & Mgmt. Co (AIV)
Price Target: $11.07
Closing Price (10/16): $15.07
Potential to Drop: -26.6%
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5. Eastman Kodak (EK)
Price Target: $2.94
Closing Price (10/16): $4.27
Potential to Drop: -31.2%
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4. Harman Intl. (HAR)
Price Target: $25.00
Closing Price (10/16): $36.60
Potential to Drop: -31.7%
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3. Sears Holding (SHLD)
Price Target: $46.40
Closing Price (10/16): $70.08
Potential to Drop: -33.8%
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2. Office Depot (ODP)
Price Target: $4.63
Closing Price (10/16): $7.48
Potential to Drop: -38.2%
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1. American Int'l Group (AIG)
Price Target: $23.50
Closing Price (10/16): $43.20
Potential to Drop: -45.6%
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