Jefferies’ updated ‘Franchise picks’: CPAY, KVUE, SAIA, PFGC

Jefferies analysts updated their “Franchise Picks” with four new additions and four subtractions.

These are 21 of Jefferies’ highest-conviction, buy-rated U.S. stocks that have valuation levels that suggest upside.

Analysts added Corpay (CPAY), Kenvue (KVUE), Performance Food Group (PFGC), and Saia (SAIA), and removed PepsiCo (PEP), STAG Industrial (STAG), Sysco Corp. (SYY), and Westinghouse Air Brake Technologies Corp. (WAB).

Since its inception, the Jefferies Franchise Pick list has reached almost 280% total return, compared to about 270% for the S&P 500 (SP500).

Here is the list, with their 2025 EPS estimates by Jefferies analysts:

• Amgen Inc. (AMGN) – Price target: $380.00; 2025 EPS: 20.78
• Argenx SE ADR (ARGX) – Price target: $598.00; 2025 EPS: 6.55
• ConocoPhillips (COP) – Price target: $146.00; 2025 EPS: 8.70
• Corpay Inc. (CPAY) – Price target: $425.00; 2025 EPS: 22.08
• DraftKing Inc. Class A (DKNG) – Price target: $54.00; 2025 EPS: 0.71
• Digital Realty Trust Inc. (DLR) – Price target: $190.00; 2025 EPS: 1.29
• Equifax Inc. (EFX) – Price target: $340.00; 2025 EPS: 9.36
• Eaton Corp. Plc. (ETN) – Price target: $385.00; 2025 EPS: 12.06
• Equitable Holdings Inc. (EQH) – Price target: $54.00; 2025 EPS: 7.25
• GFL Environmental Inc. (GFL) – Price target: $54.00; 2025 EPS: 1.07
• Global-e Online Ltd. (GLBE) – Price target: $45.00; 2025 EPS: 0.03
• International Flavors & Fragrances (IFF) – Price target: $111.00; 2025 EPS: 4.60
• International Paper Co. (IP) – Price target: $56.00; 2025 EPS: 2.87
• Kenvue Inc. (KVUE) – Price target: $27.00; 2025 EPS: 1.24
• Martin Marietta Materials Inc. (MLM) – Price target: $635.00; 2025 EPS: 22.08
• Microsoft Corp. (MSFT) – Price target: $550.00; 2025 EPS: 13.21
• Performance Food Group Co. (PFGC) – Price target: $95.00; 2025 EPS: 4.90
• Progressive Corp. (PGR) – Price target: $295.00; 2025 EPS: 13.35
• Insulet Corp. (PODD) – Price target: $260.00; 2025 EPS: 3.89
• Saia Inc. (SAIA) – Price target: $500.00; 2025 EPS: 16.31
• TKO Group Holdings Inc. (TKO) – Price target: $150.00; 2025 EPS: 2.80