Fly Intel: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Kraft Heinz (KHC) upgraded to Overweight from Neutral at Piper Sandler with analyst Michael Lavery saying he expects greater food at home trends to drive a “sustainable lift” at least into 2021. 2. Arlo Technologies (ARLO) upgraded to Outperform from Market Perform at Raymond James with analyst Adam Tindle saying recent checks suggest this past quarter has been a turning point in a number of ways. 3. L Brands (LB) upgraded to Overweight from Neutral at JPMorgan with analyst Matthew Boss saying the top and bottom-line “inflection” in Q2, second half of 2020 gross profit dollars returning to growth, $400M in cost savings through fiscal 2020, 250 Victoria’s Secret store closures and a commitment to establish Bath and Body Works as pure-play public company creates a risk/reward profile that is “too hard to ignore.” 4. AMD (AMD) was upgraded to Positive from Neutral at Susquehanna and to Outperform from Neutral at Exane BNP Paribas. 5. Quest Diagnostics (DGX) upgraded to Overweight from Sector Weight at KeyBanc with analyst Donald Hooker saying he sees “material upside potential” to near-term consensus expectations. 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)