Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Lyft (LYFT) upgraded to Outperform from Neutral at Daiwa with analyst Jairam Nathan believing the 20% decline of Lyft’s stock since April 28 offers an attractive entry point, even with risks from labor regulations and driver availability in earnings for 2021 and beyond. 2. SolarEdge (SEDG) upgraded to Buy from Neutral at BofA with analyst Aric Li citing the positive long-term outlook and a robust demand backdrop presenting a buying opportunity for SolarEdge shares. 3. ViacomCBS (VIAC) upgraded to Outperform from Market Perform at Barrington with analyst James Goss saying the company’s streaming efforts create a “compelling collection of products to navigate the shifting media consumption landscape.” 3. Live Nation (LYV) upgraded to Buy from Hold at Jefferies with analyst David Katz saying recovery trends and data points support his above consensus 2022 AOI estimates, while management is pointing to accelerating organic and potential external growth beyond 2022. 5. Cogent (CCOI) upgraded to Outperform from Sector Perform at RBC Capital with analyst Bora Lee being positive on the stock amid the early signs of a potential recovery in the Corporate market with increasing vaccination rates and constructive International trends. 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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