Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Uber (UBER) upgraded to Outperform from Neutral at Daiwa with analyst Jairam Nathan noting with a “global and diversified portfolio” and a “strong” market position, Uber is better positioned to take on near-term headwinds and capitalize on the structural trends towards ridesharing and delivery. 2. Williams-Sonoma (WSM) upgraded to Buy from Accumulate at Gordon Haskett with analyst Chuck Grom boosting his same-store-sales forecast for Q2 to 11.5% from 4.8% to reflect a “favorable recovery” in home furnishings and “strong” digital trends across each of Sonoma’s four key banners. 3. NortonLifeLock (NLOK) upgraded to Buy from Hold at Argus with analyst Joseph Bonner stating the company has been “perpetually in turnaround”, but may have found its footing under the leadership of new CEO Pilette, with management setting “clear goals” and delivering “solid results”. 4. Estee Lauder (EL) upgraded to Buy from Neutral at DA Davidson with analyst Linda Bolton Weiser noting that while the company reported a “worse than feared” Q4 earnings loss, she is raising her modeled expected forward earnings multiple to 39-times from 33-times as Estee Lauder’s performance is “projected to improve” from here. Shares were also upgraded to Overweight from Equal Weight at Morgan Stanley. 5. Mayville Engineering (MEC) upgraded to Buy from Neutral at UBS with analyst Steven Fisher saying the company’s earnings are poised for a “positive inflection” and the Street is “underestimating” its earnings potential during an up-cycle. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, (click here.):(https://thefly.com/streetResearch.php)
previous post
next post