1. Starwood Hotels & Resorts
Sector: Consumer Discretionary
Price target: $85
Forward P/E: 26.1
Dividend Yield: 1.7%
Commentary: "Leverage to cyclical recovery in hotel demand, global growth opportunities."
Source: Citi
2. Harley-Davidson
Sector: Consumer Discretionary
Price target: $79
Forward P/E: 18.2
Dividend Yield: 1.2%
Commentary: "Improving retail trends, investment in consumer recovery."
Source: Citi
3. Charter Communications
Sector: Consumer Discretionary
Price target: $167
Forward P/E: 52.6
Dividend Yield: 0.0%
Commentary: "Robust FCF trajectory."
Source: Citi
4. DirecTV
Sector: Consumer Discretionary
Price target: $79
Forward P/E: 13.0
Dividend Yield: 0.0%
Commentary: "LatAm subscriber growth should remain robust, strong buyback activity."
Source: Citi
5. Ralph Lauren
Sector: Consumer Discretionary
Price target: $204
Forward P/E: 17.3
Dividend Yield: 1.0%
Commentary: "Accelerating revenue bonds, continued margin expansion."
Source: Citi
6. Starbucks
Sector: Consumer Discretionary
Price target: $93
Forward P/E: 24.5
Dividend Yield: 1.3%
Commentary: "Progression in U.S. turnaround, international improvement."
Source: Citi
7. Newell Rubbermaid
Sector: Consumer Discretionary
Price target: $36
Forward P/E: 16.0
Dividend Yield: 1.9%
Commentary: "Attractive FCF yield, aggressive cost cutting will help offset tough environment."
Source: Citi
8. Procter & Gamble
Sector: Consumer Staples
Price target: $95
Forward P/E: 17.4
Dividend Yield: 3.0%
Commentary: "Healthy FCF, business model with relatively dominant market share and balanced brand portfolio."
Source: Citi
9. Valero
Sector: Energy
Price target: $56
Forward P/E: 9.6
Dividend Yield: 1.7%
Commentary: "Has a significant advantage with crude-on-crude competition increasing in U.S. Gulf Coast."
Source: Citi
10. Dresser-Rand
Sector: Energy
Price target: $66
Forward P/E: 16.3
Dividend Yield: 0.0%
Commentary: "Long cycle play on global investment in oil and natural gas infrastructure."
Source: Citi
11. Blackstone
Sector: Financials
Price target: $35
Forward P/E: 13.1
Dividend Yield: 3.7%
Commentary: "Strong strategic positioning, market share gains, rising alternative allocations."
Source: Citi
12. JP Morgan Chase
Sector: Financials
Price target: $72
Forward P/E: 13.3
Dividend Yield: 2.6%
Commentary: "Strong capital position should allow mgmt to grow market share."
Source: Citi
13. General Growth Properties
Sector: Financials
Price target: $24
Forward P/E: 17.4
Dividend Yield: 2.8%
Commentary: "Improved balance sheet & portfolio quality, upside to valuation metrics exists."
Source: Citi
14. Macerich Co
Sector: Financials
Price target: $68
Forward P/E: 16.7
Dividend Yield: 4.2%
Commentary: "Trading at a discount to peers, solid balance sheet, good internal & external growth drivers."
Source: Citi
15. Aetna
Sector: Health Care
Price target: $72
Forward P/E: 12.2
Dividend Yield: 1.3%
Commentary: "Earmings upside potential."
Source: Citi
16. Armstrong World Industries
Sector: Industrials
Price target: $65
Forward P/E: 27.5
Dividend Yield: 0.0%
Commentary: "Improving outlook for non-residential construction, attractive valuation."
Source: Citi
17. General Electric
Sector: Industrials
Price target: $32
Forward P/E: 16.5
Dividend Yield: 3.2%
Commentary: "Valuation attractive, share repurchases remain a priority."
Source: Citi
18. eBay
Sector: IT
Price target: $63
Forward P/E: 19.2
Dividend Yield: 0.0%
Commentary: "Uniquely positioned, attractive valuation."
Source: Citi
19. Applied Materials
Sector: IT
Price target: $20
Forward P/E: 16.1
Dividend Yield: 2.3%
Commentary: "Expect better top-line growth and gross margin expansion."
Source: Citi
20. Texas Instruments
Sector: IT
Price target: $45
Forward P/E: 22.9
Dividend Yield: 2.8%
Commentary: "Likely continuation of share gain, better-than-expected mgmt of expenses."
Source: Citi
21. Amphenol
Sector: IT
Price target: $93
Forward P/E: 23.7
Dividend Yield: 0.9%
Commentary: "Strong end-market growth, org & inorg expansion, product mix improvement."
Source: Citi
22. LyondellBassell Industries
Sector: Materials
Price target: $91
Forward P/E: 13.4
Dividend Yield: 3.0%
Commentary: "Beneficiary of the US shale gas advantage, robust FCF."
Source: Citi