Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 31, 2017. REUTERS/Brendan McDermid

UBS has released its top stock picks for the year.

In a note out Wednesday morning, the Swiss bank says it asked all of its North America analysts their top pick for the next 12 months. It came up with a list of 30 stocks that should outperform over the next year.

For each stock, UBS analysts laid out on one page how they got to their investment thesis, what’s driving the stock, and potential upside or downside movements.

We rounded up UBS top picks in the telecom, media and technology space. Here’s what the bank had to say:


Ticker: GOOG

Current price: $934

UBS price target: $1,080

UBS’ take: “With  a  focus  on balancing  costs  vs. revenue  opportunities  under  CFO  Ruth  Porat,  we believe  Alphabet  will  continue  to  climb  a  wall  of  worry  that  has  persisted  over  the  last  few  quarters.”

American Tower

Ticker: AMT

Stock price: $143

UBS price target: $163

UBS’ take: “After 3 years of declines, we expect U.S. wireless capex to rebound in 2017 to $30B+ as carriers move to the second phase of 4G deployments to support capacity and peak-speed needs.”


Ticker: AAPL

Current price: $159

UBS price target: $180

UBS’ take: “As the iPhone matures investors should start to appreciate the size and loyalty of the installed base, which promotes hardware and services gains.”

See the rest of the story at Business Insider