Bank of America Sees Upside in Tapestry, ASML, Church & Dwight and Madison Square Garden Entertainment

According to CNBC, Bank of America said several stocks offer significant upside in September, including Tapestry, Madison Square Garden Entertainment, ASML and Church & Dwight. The bank said Madison Square Garden Entertainment is benefiting from strong concert activity, higher sponsorship and suite revenue, and the Knicks championship run, while Church & Dwight has the right mix of value and premium products and ASML is facing an unjustified de-rating despite what the bank called best-in-class EPS growth supported by margin expansion. Bank of America also said Tapestry should deliver consistent strong EPS growth driven by Coach and stabilization at Kate Spade, but sees limited upside from current levels. Shares of Madison Square Garden Entertainment are up 45% this year, Church & Dwight is up 21% and ASML is up 58%.