Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Monster Beverage (MNST) upgraded to Buy from Neutral at Citi with analyst Wendy Nicholson seeing a “compelling” valuation following the stock’s underperformance thus far in 2021. 2. Starbucks (SBUX) upgraded to Outperform from Neutral at Baird with analyst David Tarantino saying his recent U.S. coffee category data points have strengthened his confidence that Starbucks can show upside to near-term comps and earnings estimates. 3. D.R. Horton (DHI) upgraded to Strong Buy from Outperform at Raymond James with analyst Buck Horne saying demand still far exceeds supply despite higher prices, adding that D.R. Horton could not have been more clear regarding the “unbelievable” strength of current demand. 4. Watsco (WSO) upgraded to Overweight from Equal Weight at Stephens with analyst Tommy Moll saying residential industry cycle duration remains uncertain, but he thinks Watsco’s position as the industry leader in digitizing contractors supply chains and customer-facing interactions can yield technology-driven share gains. 5. Trade Desk (TTD) upgraded to Overweight from Equal Weight at Stephens with analyst Nicholas Zangler saying while noting that valuation is his “biggest hangup,” Zangler believes Trade Desk’s dominant positioning as the independent demand side platform of choice makes the stock a compelling pick and views the proliferation of Connected TV as “a worthwhile catalyst.” 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)
next post