Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Brookfield Renewable Partners (BEP) upgraded to Outperform at Credit Suisse with analyst Andrew Kuske saying the 6% share pullback over the past month looks to be largely related to a Russell Index Rebalance that negatively impacted Brookfield Renewable Corporation’s (BEPC) “paired” security value. 2. Cemex (CX) upgraded to Outperform from Neutral at Bradesco BBI with analyst Rodolfo Ramos saying operating visibility for Cemex’s Mexican and U.S. operations has “increased significantly,” which will allow faster net debt to EBITDA deleveraging to 2.0 times by 2022. 3. Nicolet Bankshares (NCBS) upgraded to Overweight from Equal Weight at Stephens with analyst Terry McEvoy saying Nicolet utilized its “attractive currency” to acquire Mackinac Financial and County Bancorp in acquisitions that were both accretive to 2022 EPS, but its shares are down about 15% since the first deal was announced. 4. International Paper (IP) upgraded to Overweight from Equal Weight at Stephens with analyst Mark Connelly saying the Sylvamo white paper spinco will leave just IP’s domestic containerboard and pulp business and while Sylvamo will take on leverage, he expects the IP containerboard and pulp remainco to emerge “significantly underlevered.” 5. Nektar (NKTR) upgraded to Buy from Hold at Stifel with analyst Benjamin Burnett saying he has become more bullish on bempeg’s prospects in lung cancer and bempeg’s ability to increase PD-L1 expression in NSCLC patients. 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)
previous post
next post