BANK OF AMERICA: Buy these 8 stocks to make a killing in the next 3 months by Gina Heeb on Apr 2, 2018, 5:26 PM Advertisement
 Bank of America Merrill Lynch released a list of short-term stock recommendations to clients on Monday. "These high conviction ideas are based on our views of potential significant market and business-related catalysts that we think will affect these stocks in the quarter," the bank said in a note. Here are the top eight: SEE ALSO: The FDA just refused to review a new depression drug — and the company's stock is tanking (ALKS) Abbott Laboratories (ABT)  Rationale: Driven by the medical technology company's recent launch of FreeStyle Libre, a new product for monitoring diabetes, analysts predict 7% revenue growth in the first quarter. BAML price target: $70.00 Current price: $58.38 Year-to-date performance: -1.00% Data provided by Bank of America Merrill Lynch
Automatic Data Processing (ADP)  Rationale: ADP is expected to ramp up its sales force productivity. Corporate tax cuts also make the shares of the company — which is expected to use benefits to increase returns to shareholders — an attractive buy, according to analysts. BAML price target: $138.00 Current price: $113.02 Year-to-date performance: -2.89% Data provided by Bank of America Merrill Lynch
Coca-Cola European Partners (CCE)  Rationale: Cost-saving measures, led by a new marking partnership with The Coca-Cola Co (KO), could send CCE revenue climbing. Read more on CCE here. BAML price target: $48.00 Current price: $40.88 Year-to-date performance: +2.87% Data provided by Bank of America Merrill Lynch
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