Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Spirit Airlines (SAVE) upgraded to Buy from Neutral at Citi with analyst Stephen Trent saying the company offered a “solid” Q2 update yesterday, expecting to post a modestly positive EBITDA margin. 2. W.P. Carey (WPC) upgraded to Overweight from Neutral at JPMorgan with analyst Anthony Paolone citing stock price moves and calling W.P. Carey as a “high-quality” large-cap net lease real estate investment trust. 3. Crane (CR) upgraded to Buy from Neutral at DA Davidson with analyst Matt Summerville noting that after the company’s divestment of its Engineered Materials business to Grupo Verzatec, its three remaining businesses will be generating “synced organic growth” starting in the second half of this year and extending through 2022. 4. Finance of America (FOA) upgraded to Strong Buy from Outperform at Raymond James with analyst Stephen Laws citing the recent pullback in shares. 5. Welltower (WELL) double upgraded to Strong Buy from Market Perform at Raymond James with analyst Jonathan Hughes saying he is “more constructive” on seniors housing overall and the seniors housing operating portfolios owned by the company saying his prior concerns over the recovery trajectory “appear to have been overly cautious.” 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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