Fly Intel: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Westpac (WBK) upgraded to Buy from Neutral at Goldman Sachs with analyst Andrew Lyons saying the company look well placed to deal with the end of the deferral period and is trading nearly two-third standard deviations cheap versus peers. 2. Crocs (CROX) upgraded to Buy from Hold at Loop Capital with analyst Laura Champine citing her industry checks showing strong e-commerce trends and stores reopening with positive comps, even though Champine warns that her model assumes that most stores will remain open against the risk of a second pandemic wave closing the economy again. 3. PPG (PPG) upgraded to Outperform from Market Perform at BMO Capital with analyst John McNulty saying recent time with management and data tied to the company’s end markets indicate the potential for PPG’s earnings to recover over the second half of 2020, and 2021/22 should come in above expectations. 4. Armstrong World (AWI) upgraded to Outperform from Neutral at Exane BNP Paribas. 5. Toll Brothers (TOL) and Ares Commercial (ACRE) were upgraded to Outperform from Market Perform at Keefe Bruyette. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, (click here.):(