Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. McDonald’s (MCD) upgraded to Buy from Hold at Deutsche Bank with analyst Brian Mullan saying continued momentum in the U.S. business as well as an “arguably underappreciated market share opportunity” in the international operated markets segment should lead to upward revisions to consensus earnings, specifically in 2022 and potentially in 2023 as well. 2. Roper Technologies (ROP) upgraded to Outperform from Perform at Oppenheimer with analyst Christopher Glynn saying acquisitions should “reasonably afford” 5% pro forma free cash flow accretion in 2022 relative to current estimates and 10%-plus free cash flow growth in 2023. 3. Hershey (HSY) upgraded to Overweight from Neutral at Piper Sandler with analyst Michael Lavery expecting 2%-3% organic sales growth and 5%-6% average earnings growth in 2021 and 2022. 4. Smartsheet (SMAR) upgraded to Overweight from Neutral at JPMorgan with analyst Mark Murphy believing post-earnings selling pressure “creates an opportunity.” 5. Alcoa (AA) upgraded to Buy from Hold at Deutsche Bank with analyst Chris Terry saying Alcoa’s focus on cost management over several years has placed it in a good position for when aluminum prices improve, which is now occurring. 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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