Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. ViacomCBS (VIAC) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Steven Cahall saying the company’s streaming efforts are “bearing fruit and have impressed us,” so he’s moving from “historical bears to constructive bulls.” 2. BlackBerry (BB) upgraded to Hold from Sell at Canaccord with analyst T. Michael Walkley seeing “levers for future growth” within BlackBerry’s cybersecurity business as the company looks to take share in endpoint security. 3. Veoneer (VNE) upgraded to Neutral from Underperform at Credit Suisse with analyst Dan Levy saying the rating and target assume Veoneer proceeds with Qualcomm’s (QCOM) current takeover offer of $37 per share. 4. Wendy’s (WEN) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Bittner believing the company has discovered “powerful tools” to unlock unit growth starting in 2022, which appears underestimated by consensus and underappreciated by the stock’s 18% valuation discount to peers. 5. Centennial Resource Development (CDEV) upgraded to Market Perform from Underperform at Cowen with analyst Gabriel Daoud usaying a better oil price environment “has no doubt represented a panacea” for Centennial Resource, which “has embraced maintenance mode” with a focus on free cash flow to fix the balance sheet. 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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