Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Aegon (AEG) upgraded to Hold from Sell at Societe Generale with analyst Nick Holmes saying that rising bond yields this year should help alleviate spread compression in the company’s back-book and improve the prospects for disposal of its financial assets. 2. CAE (CAE) upgraded to Outperform from Sector Perform at National Bank with analyst Cameron Doerksen saying he is “increasingly confident” that CAE’s market position and profitability in the Civil segment will be stronger in a post-pandemic world “driving a multi-year period of earnings growth.” 3. Steel Dynamics (STLD) upgraded to Buy from Neutral and Nucor (NUE) upgraded to Neutral from Underperform at BofA. 4. Coupa Software (COUP) upgraded to Overweight from Neutral at Piper Sandler with analyst Brent Bracelin saying the company’s billings growth could trough this quarter and subscription growth could reaccelerate in Q2 on easier enterprise comparisons. 5. CIT Group (CIT) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Klock citing the alignment with KBW’s rating and target price for First Citizens (FCNCA) shares. 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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