Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. FedEx (FDX) upgraded to Buy from Hold at Stifel after analyst David Ross said the rally in the shares off the lows earlier this year has been warranted as FedEx has shown it is a winner from this pandemic period. 2. Square (SQ) upgraded to Outperform from Perform at Oppenheimer with analyst Jed Kelly saying amid the massive shift in digital commerce due to the pandemic, Kelly sees Square’s two-sided networks of sellers and consumers positioning it as a structural winner during the recovery, the analyst tells investors. He is bullish on increased Cash App engagement and monetization, Square’s “integral part” in digitizing sellers’ operations and share gain opportunities at small-to-mid sized businesses during the recovery, the analyst added. 3. ZoomInfo (ZI) upgraded to Buy from Hold at Canaccord with analyst David Hynes saying that with the shares a little more than 40% below their post-initial public offering highs, it is time to get more constructive on the stock. 4. Bed Bath & Beyond (BBBY) upgraded to Outperform from Neutral at Baird with analyst Peter Benedict saying he is “intrigued” by the company’s turnaround potential. 5. Antero Resources (AR) upgraded to Outperform from Market Perform at Northland with analyst Subash Chandra saying that while the company was short nearly $1B a year ago to fund upcoming debt maturities, the deficit has been “nearly eliminated” through asset sales, cost reductions and a convertible debt offering. 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)
previous post
next post