On The Fly: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) upgraded to Sector Perform from Underperform at RBC Capital analyst Scot Ciccarelli saying the company’s earnings growth will remain suppressed by a multi-year investment cycle, but it will ultimately come out as a “true competitor” to Amazon (AMZN). 2. Allergan (AGN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying that fears about a “better Botox” from Revance (RVNC) may be overdone. 3. Domino’s Pizza (DPZ) upgraded to Buy from Neutral at Nomura Instinet with analyst Mark Kalinowski citing the 21% pullback in the shares from their 52-week high closing price of $218.88 on June 26. 4. Zoetis (ZTS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger arguing the stock can continue to outperform relative to peers as it continues to benefit from long-term secular trends, including rising livestock protein consumption and the better care of pets. 5. Steven Madden (SHOO) upgraded to Buy from Neutral at Buckingham with analyst Scott Krasik saying he has increased confidence the company will achieve fourth quarter guidance due to an acceleration in boot sales, will guide fiscal 2018 sales at least inline with its long-term sales growth, potential earnings upside from tax reform, and accretion from potential acquisitions. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, (click here.):(http://thefly.com/streetResearch.php)

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