Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Buy from Neutral at Guggenheim with analyst Robert Drbul saying he would use last week’s 6% pullback in the shares, which pulled the stock about 14% off of its 52-week high, as a buying opportunity, telling investors that he has a hard time envisioning a scenario in which Target does not grow revenue in 2021. 2. Coca-Cola (KO) upgraded to Outperform from Sector Perform at RBC Capital with analyst Nik Modi saying the situation has changed from January when he had downgraded the stock due to valuation and a surge in COVID cases. 3. Microsoft (MSFT), Coupa Software (COUP) and Salesforce (CRM) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Kash Rangan saying Microsoft and Salesforce as well positioned to capitalize on digital transformation spending, which will outpace overall IT budgets for the “foreseeable future.” 4. First Solar (FSLR) upgraded to Neutral from Underperform at Credit Suisse with analyst Michael Weinstein citing valuation. 5. Fastly (FSLY) upgraded to Neutral from Underweight at Piper Sandler with analyst James Fish saying the negative catalysts and headwinds have largely played out. 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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