Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Cheesecake Factory (CAKE) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Vaccaro believing the stock’s recent pullback creates an attractive entry point ahead of the company’s Q2 earnings release, and thinks sales further strengthened through June driven in part by its above-average exposure to California and Northeast markets that have seen strong improvement. 2. Greenbrier (GBX) double upgraded to Buy from Underperform at BofA with analyst Ken Hoexter viewing the pullback as an opportunity to buy, saying concerns about decelerating macro growth is more impactful to freight flows than to Greenbrier results. 3. Reinsurance Group (RGA) upgraded to Overweight from Neutral at JPMorgan with analyst Jimmy Bhullar saying high Covid mortality in Asia and Latin America presents a key risk to near-term results, but margins in the company’s U.S., Canada, and Europe businesses, which account for close to 85% of its earnings, will improve. 4. Affiliated Managers (AMG) upgraded to Buy from Hold at Deutsche Bank with analyst Brian Bedell seeing the traditional asset manager stocks as best positioned for outperformance across his subsectors into the Q2 reporting season. 5. Brinker (EAT) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Vaccaro believing the stock’s recent pullback creates an attractive entry point ahead of the company’s Q4 earnings release and September analyst day. 5. 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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