Fly Intel: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Oneok (OKE) upgraded to Outperform from Market Perform at Bernstein with analyst Jean Ann Salisbury saying recent data from the Bakken suggests gas to oil ratio is rising much faster than modeled, and this is not due to mix-shift or high grading. 2. Roku (ROKU) upgraded to Buy from Neutral at Guggenheim with analyst Michael Morris expecting the connected television advertising marketplace will continue to grow at a “rapid pace” and that Roku will be a primary beneficiary. 3. General Dynamics (GD) and Northrop Grumman (NOC) upgraded to Neutral from Sell at Goldman Sachs with analyst Noah Poponak continuing to believe the defense business is “less-well positioned” than other primes and favors small/mid cabin business jet within that end-market. 4. RBC Bearings (ROLL) upgraded to Buy from Hold at Truist with analyst Michael Ciarmoli citing the completion of yesterday’s equity offering and the associated sell-off, stating that with the stock down 20% since hitting all-time highs in July and trading below the pre-Dodge acquisition price, it is time for investors to buy the shares at a “discounted valuation”. 5. Warner Music (WMG) upgraded to Overweight from Equal Weight at Barclays with analyst Kannan Venkateshwar saying the ongoing growth of streaming combined with new revenue sources could result in the music industry exceeding its mid-1990’s peak revenues in the next five years. 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)

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire