Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Salesforce (CRM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss seeing a more favorable risk/reward with the stock’s underperformance post the Slack acquisition. 2. Tyson Foods (TSN) upgraded to Buy from Hold at Argus with analyst John Staszak seeing “strong prospects” for the company given its “healthy” balance sheet and “ample” financial resources, adding that it stands to benefit from continued growth in demand for protein while investing in new products, e-commerce upgrades, and capacity expansion. 3. Ross Stores (ROST) upgraded to Buy from Neutral at Northcoast with analyst Tim Vierengel citing his channel work suggesting that the company’s “competitive environment remains rational”, with markdowns being driven “significantly lower” across the industry. 4. Qualtrics (XM) upgraded to Buy from Neutral at BofA with analyst Daniel Bartus saying the 20% decline in the stock price in spite of the “strong” Q1 results presents and “attractive” entry point. 5. Axon (AXON) upgraded to Strong Buy from Market Perform at Raymond James with analyst Brian Gesuale saying that the current valuation understates the improving ARR, adjacent market growth, mix shift and clear-cut intensification of secular tailwinds. This list is just a portion of The Fly’s full analyst coverage. To see The Fly’s full Street Research coverage,
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