Fly Intel: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly:

1. TSMC (TSM) upgraded to Outperform from Market Perform at Bernstein with analyst Mark Li saying he sees another 40% upside in the shares, saying “the world needs advanced silicon and only TSMC has that.”

2. Aflac (AFL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Nigel Dally calling it “the industry’s most undervalued capital return story.”

3. Xenia Hotels (XHR) upgraded to Outperform on leisure exposure at Raymond James with analyst William Crow contending that “increased leisure exposure is a winning hand for lodging REITs over the next few quarters.”

4. Precision Drilling (PDS) double upgraded to Strong Buy from Market Perform at Raymond James with analyst Andrew Bradford increasing estimates across the contract drilling and completions groups to reflect the higher WTI crude strip and faster growing rig counts than forecast saying he expects capital allocation will be more directed to debt reduction, transferring value from creditors to shareholders, and share buybacks.

5. Vornado (VNO) upgraded to In Line from Underperform at Evercore ISI with analyst Steve Sakwa saying the narrative for office REITS “remains squarely focused on leasing activity and updated time lines on return to office,” while investors seem prepared for another quarter of sluggish leasing activity.

This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage, Click Here!

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