Five stocks with more upside based on their latest earnings
Bank of America named five stocks this week that have more room to run following the release of their latest earnings results. The Wall Street investment bank said companies including Boot Barn are compelling, and offer further upside. Other buy-rated names screened by CNBC Pro include Equity LifeStyle Properties , CACI International, Teledyne Technologies and Cullen/Frost Bankers. CACI International The IT infrastructure services company is firing on all cylinders, the bank said following CACI’s earnings report in January. “Once again, CACI demonstrated its ability to manage a challenging macro environment and posted stronger than expected margin expansion & [free cash flow] generation despite the slowness in the award environment throughout the quarter,” analyst Mariana Perez Mora wrote. In addition, last year’s government shutdown is showing no signs of holding back the company, Bank of America added, as CACI also raised its full year outlook. Reflecting that optimism, Perez Mora also raised her price target on the stock to $750 per share from $670. “CACI continues to dominate,” she said. The stock is up 16% this year. Equity LifeStyle Properties Earnings in January showed that business is humming at the real estate investment trust and operator of RV campgrounds and manufactured home communities, according to the bank. Analyst Jana Galan recently upgraded the stock to buy from neutral, calling it a “relative winner.” “Demand for ELS’s primarily age‑restricted [mobile home] portfolio is more driven by demographics and the migration of retirees,” she wrote. The bank also said concerns about the RV business being too transient are exaggerated and that Equity LifeStyle is well positioned in a choppy macroeconomic environment. “We are favorable on ELS’s operating fundamentals given consistent, steady rent increases of MH sites, stickiness of customers and relatively low supply risk,” she went on. The Chicago-based stock is up 8% this year, and yields 3.27%, according to FactSet data. Teledyne Technologies The sensor and transmitter maker is “turning the corner,” analyst Ronald Epstein said following Teledyne’s strong revenue and profit beats reported in late January. “We view the short-cycle recovery as the key catalyst for margin expansion to accelerate alongside the robust long-cycle demand environment,” the analyst wrote. Epstein also likes the company’s exposure to the drone market. “Defense tailwinds remain strong for 2026, with TDY calling out strong growth across its portfolio” from the unmanned aerial vehicle market, Epstein said. Teledyne shares are higher by 27% just since New Year’s. Boot Barn “We reiterate our Buy rating on BOOT; we remain encouraged by the consistent sales momentum and think valuation at 21x P/E doesn’t fully reflect the company’s best-in class growth profile. BOOT 3Q results were in line with the company’s preannouncement provided at the ICR Conf last month.” Teledyne Technologies “We view the short-cycle recovery as the key catalyst for margin expansion to accelerate alongside the robust long-cycle demand environment … Defense tailwinds remain strong for 2026, with TDY calling out strong growth across its portfolio from unmanned [aerial vehicle] exposure.” Equity LifeStyle Properties “Demand for ELS’s primarily age‑restricted MH portfolio is more driven by demographics and the migration of retirees … We are favorable on ELS’s operating fundamentals given consistent steady rent increases of MH sites, stickiness of customers and relatively low supply risk.” Caci International “Once again, CACI demonstrated its ability to manage a challenging macro environment and posted stronger than expected margin expansion and FCF generation despite the slowness in the award environment throughout the quarter … CACI continues to dominate.” Cullen/Frost Bankers “We view Frost as one of the best managed banks in the industry across market-cap spectrum. The combination of a conservative underwriting culture, a well-executed organic growth strategy across its Texas footprint and presence in some of the best growth markets in the country creates a compelling risk/reward for a differentiated franchise.”
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