Fly Intel: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Huntington Ingalls (HII) upgraded to Hold from Sell at Stifel with analyst Joseph DeNardi saying his prior Sell rating was driven by the CVN-79 construction progress and general margins concerns, and while he continues to see margin pressure from COVID-19 related inefficiencies, he believes that the stock’s recent underperformance is pricing in the uncertainty. 2. Martin Marietta (MLM) upgraded to Overweight from Neutral at JPMorgan. 3. Flowserve (FLS) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Joshua Pokrzywinski saying while oil prices remain weak and he expects upstream equipment demand to be tepid “for the foreseeable future,” Pokrzywinski sees potential for downstream spending to improve off its lows as states reopen and gasoline demand picks up. 4. Syndax (SNDX) upgraded to Buy from Neutral at Citi with analyst Joel Beatty saying the Phase 3 failure of entinostat for breast cancer leaves Syndax with two strong pipeline candidates. 5. Covenant Transportation (CVTI) upgraded to Overweight from Equal Weight at Stephens with analyst Jack Atkins saying the stock “is too cheap” and the company is making hard decisions on structural changes – such as culling loss making freight in its solo refrigerated operations and focusing on lowering its asset intensity – to drive better returns and profitability. 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)