Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Archer Daniels (ADM) upgraded to Neutral from Underperform at Credit Suisse with analyst Robert Moskow saying since July, the operating environment for the more economically important parts the company’s business, like soy crush, oil refining, starches and nutrition have turned more positive. 2. Under Armour (UAA) upgraded to Buy from Hold at Stifel with analyst Jim Duffy saying he has “greater confidence” in the shares due to its “improved quality of revenue,” a path to a revenue inflection in 2021, and gross margin drivers from mix. In addition, the divesture of MyFitnessPal simplifies the business and results in a net cash position entering 2021 reducing risk. 3. Cardinal Health (CAH) upgraded to Overweight from Equal Weight at Barclays with analyst Steven Valiquette saying after taking a “fairly neutral” stance on the U.S. drug distribution industry over the last several years, the analyst believes now is the time to become more constructive on the subsector. 4. Wynn Resorts (WYNN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Thomas Allen saying as COVID-19 has severely affected its business, Wynn’s shares are down 48% year-to-date, but he sees a much better setup as year-end approaches. 5. Intel (INTC) upgraded to Market Perform from Underperform at Northland with analyst Gus Richard saying he thinks the company’s troubles are priced in at current levels. 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)
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