Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Upstart (UPST) upgraded to Overweight from Equal Weight at Barclays with analyst Ramsey El-Assal believing that improvements in conversion rate, top-of-funnel acquisition, and margins are more sustainable than he’d previously thought given the company’s “continued impressive performance.” 2. Cimarex Energy (XEC) upgraded to Buy from Neutral at Mizuho with analyst Vincent Lovaglio saying that following underperformance since the Cabot merger announcement he believes the combined entity trades at attractive value compared to oil peers and at “just a small premium” versus gas peers. 3. Trean Insurance (TIG) upgraded to Overweight from Neutral at JPMorgan with analyst Jimmy Bhullar saying while his lower target reflects lower EPS estimates, he views the recent selloff in the stock as “overdone” given what he sees as the company’s long-term prospects. 4. Deutsche Bank (DB) upgraded to Market Perform from Underperform at Keefe Bruyette. 5. Activision Blizzard (ATVI) upgraded to Buy from Neutral at Citi. 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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