Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. AutoNation (AN) upgraded to Buy from Hold at Benchmark with analyst Michael Ward saying the stock is up four-fold from the lows during the virus shutdown last year but “there is more upside.” 2. Qualtrics (XM) upgraded to Overweight from Neutral at Piper Sandler with analyst Brent Bracelin seeing a favorable risk/reward at current share levels given his increasing confidence in durability of the company’s subscription growth. 3. First Solar (FSLR) upgraded to Equal Weight from Underweight at Barclays with analyst Moses Sutton saying he does not expect polysilicon pricing pressure to be a “material tailwind” for the company as U.S. imports are dropping and tariffs are still rolling off, but he recommends investors “side-step” the “crowded” First Solar short trade for now. 4. Webster Financial (WBS) upgraded to Overweight from Equal Weight at Stephens with analyst Matt Breese saying he has increased his 2022 estimates by 24% after the bank announced it reached a definitive agreement for a merger-of-equals with Sterling Bancorp, telling investors that he expects the combined franchise to have “one of the highest profitability profiles amongst all regional banks.” 5. SolarEdge (SEDG) upgraded to Overweight from Equal Weight at Barclays with analyst Moses Sutton saying consensus estimates are too low as upside potential from Kokam pricing and EnergyHub volume are being underappreciated. 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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