Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. PepsiCo (PEP) upgraded to Outperform from Underperform at Credit Suisse with analyst Kaumil Gajrawala saying Pepsi is a “high-quality asset trading at a discount with near, medium, and long-term drivers.” 2. Coca-Cola (KO) upgraded to Buy from Hold at Argus with analyst Chris Graja saying he prefers “high-quality” companies in the current environment and expects Coca-Cola’s earnings to rebound, even though the management indicated it will not meet its prior FY20 guidance. 3. Colgate-Palmolive (CL) was upgraded to Buy from Hold at Stifel and to Buy from Hold at SunTrust. 4. Home Depot (HD) upgraded to Buy from Hold at Loop Capital with analyst Laura Champine saying while she more now has more conservative sales and margin expectations, the intrinsic value of Home Depot’s franchise has “changed very little in our opinion.” 5. Deere (DE) was upgraded to Neutral from Underweight at JPMorgan and to Outperform from Market Perform at Telsey Advisory. 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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