Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Textron (TXT) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Noah Poponak saying the business jet market continues to strengthen “in a way that increasingly looks long-term sustainable.” 2. Cintas (CTAS) upgraded to Outperform from Neutral at Baird with analyst Andrew Wittmann saying investors “rarely get quality growth stocks at the basis they really desire; such is the case with Cintas today.” 3. Alcoa (AA) upgraded to Buy from Neutral at Citi with analyst Alexander Hacking saying the company has “sensibly” used the past few years to strengthen its operating footprint and the balance sheet and management was “explicit” on the company’s earnings call that capital return is part of their framework. 4. Cummins (CMI) upgraded to Outperform from Market Perform at Cowen with analyst Matt Elkott saying he is raising his 2022 Class 8 industry production forecast to 375,000 units, from 365,000 units, attributable to four factors: a possible easing in driver recruitment challenges; expected improvement in manufacturing supply chains and wider availability of materials; freight volume growth that he sees remaining solid throughout 2022 and new engine technologies. 5. Matador (MTDR) upgraded to Buy from Neutral at MKM Partners with analyst John Gerdes citing valuation and the company’s Northern Delaware basin execution for the upgrade. 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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