When a stock analyst comes up with a price target that is miles above the stock's current price and also exceeds other analysts' estimates, there are two possibilities.

The analyst could be living in fantasy land, perhaps hoping to please executives at the company in question so it will send investment banking business to the analyst's firm.

Or the analyst could be on to something that others aren't.

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USA Today, using date from S&P Capital IQ, came up with a list of the 13 companies in the Standard & Poor's 500 index that have one analyst or more with a price target that's at least 60 percent higher than the current price. The price target applies for the next 18 months.

Company	Symbol	% Upside to High Target	Average target	Tuesday's Close
Chesapeake Energy	CHK	150 percent	$33.62	$26.85
Merck	MRK	114 percent	$64.47	$58.43
Peabody Energy	BTU	98 percent	$20.62	$15.18
Avon	AVP	81 percent	$16.21	$13.84
ADT	ADT	78 percent	$39.71	$33.16
Tesoro	TSO	73 percent	$67.25	$57.98
Wynn Resorts	WYNN	69 percent	$245.70	$207.29
Denbury Resources	DNR	66 percent	$21.10	$17.47
Intuitive Surgical	ISRG	66 percent	$461.06	$392.16
Michael Kors	KORS	63 percent	$107.50	$82.22
PVH	PVH	63 percent	$145.90	$110.80
Urban Outfitters	URBN	63 percent	$42	$33.84
Range Resources	RRC	61 percent	$101.10	$76.57

Sources: S&P Capital IQ, USA TODAY research

As for Chesapeake Energy, Morningstar analyst Mark Hanson puts its fair value at $37. That's 38 percent above Tuesday's close. "We're bullish on the company's ability to increase production and reserves," he writes on Morningstar.com.

Editor’s Note: Dow Predicted Will Hit 60,000 — Buy These 4 Stocks Now

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