Fly Intel: Top five analyst upgrades - InvestingChannel

Fly Intel: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Home Depot (HD) upgraded to Accumulate from Hold at Gordon Haskett with analyst Chuck Grom saying based on macro data and his checks, he has raised his Q2 same-store sales estimates for the chain, taking his forecast for Home Depot to 12.0% from 4.5%, noting that these are ahead of the consensus SSS growth forecast of 8.9%, respectively. 2. AutoNation (AN) upgraded to Buy from Neutral at Guggenheim with analyst Ali Faghri saying the he sees room for shares to re-rate higher due to the company’s ability to extract value from omni-channel and its investments in Vroom and Waymo as well as potential earnings upside from capital deployment. 3. American Eagle (AEO) upgraded to Overweight from Neutral at JPMorgan with analyst Matthew Boss saying he views the shares as “mis-priced” with the stock down 45% in the past 18 months. 4. Epam Systems (EPAM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst James Faucette saying demand for Epam’s digital services remains resilient, driving upside to estimates in Q2. 5. j2 Global (JCOM) upgraded to Outperform from Sector Perform at RBC Capital with analyst Shweta Khajuria citing the company’s “attractive valuation” of 6.7-times expected 2022 EBITDA, stable-to-improving trends, and the decision related to board refresh and stock buybacks. 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)