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. Caterpillar (CAT) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Andy Casey saying he expects earnings to substantially improve beginning in 2021 due to anticipated revenue growth from global growth acceleration with signs that key markets critical to existing bear case are beginning to bottom with likely growth by mid-2021 and absence of 2020 inventory reduction actions, expected margin improvement due to higher revenue generation across improved cost structure and anticipated higher cash flow that could be allocated to enhance growth. 2. XP Inc. (XP) upgraded to Neutral from Underperform at BofA with analyst Mario Pierry saying the company’s model has been more resilient during the pandemic than he expected, while its assets under custody have accelerated in the past few months. 3. Werner (WERN) upgraded to Overweight from Equal Weight at Barclays with analyst Brandon Oglenski saying fundamentals have “clearly recovered ahead of previously bearish expectations.” 4. ChannelAdvisor (ECOM) upgraded to Outperform from Market Perform at William Blair with analyst Matthew Pfau saying “Continued tailwinds” from the shift in retail spending to online, better execution, and investments in the salesforce should provide upside to current Street numbers and drive the stock to outperform the broader market. 5. Costco (COST) assumed with a Buy from Hold at Jefferies with analyst Stephanie Wissink saying the company’s leadership moat is widening thanks to its “superior channel dynamic.” 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)