Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Dick’s Sporting (DKS) upgraded to Market Perform from Underperform at Raymond James with analyst Bobby Griffin acknowledging that he underestimated the bullish potential on Dick’s Sporting including the investments the company has made over the past four years in omni-channel capabilities, and the changes to the margin structure that are leading to higher profitability, and says the “impressive” recent performance justifies a more constructive view. 2. Zoom Video (ZM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Meta Marshall saying the stock’s valuation has “turned too negative” on near term churn concerns ahead of catalysts in the second half of 2021. 3. CarGurus (CARG) upgraded to Outperform from Sector Perform at RBC Capital with analyst Brad Erickson saying with CarOffer, CarGurus has “pulled a critical U-turn toward the secular trend of online car retailing.” 4. Marathon Petroleum (MPC) upgraded to Buy from Neutral at Citi with analyst Prashant Rao cutting estimates across North America refiners saying excess global spare capacity and “narrower-for-longer” crude discounts present “persistent headwinds” to a full recovery in profitability. 5. Restaurant Brands (QSR) upgraded to Outperform at Oppenheimer with analyst Brian Bittner believing the search for attractive risk-reward over next 18 months has shifted to Restaurant Brands from Yum! Brands (YUM). 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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