Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Ericsson (ERIC) upgraded to Buy from Hold at SEB Equities with analyst Johanna Ahlqvist saying U.S. market wireless capex should hold up better than expected following the North American mid-band spectrum auction. 2. Domo (DOMO) upgraded to Buy from Neutral at UBS with analyst Jennifer Lowe saying the company is set to benefit from the “strong” spending outlook for Cloud data platforms this year. 3. MGM Resorts (MGM) upgraded to Buy from Hold at Jefferies with analyst David Katz saying the improved macro outlook through FY22 due to forthcoming stimulus and further vaccine roll-out is a “key catalyst” for his call. 4. Reliant Bancorp (RBNC) upgraded to Outperform from Market Perform at Raymond James with analyst Ammar Samma saying management provided several positive updates around the business. 5. Ecopetrol (EC) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Bruno Montanari saying as Colombia becomes his “preferred region to play an oil price rally” given his view that Brazil and Argentina are facing their own “particular challenges,” he thinks the current valuation of Ecopetrol “more than accounts for” the overhang from the announced potential ISA acquisition and a potential primary equity 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)
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