Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Hormel Foods (HRL) upgraded to Neutral from Underweight at JPMorgan with analyst Thomas Palmer citing valuation for the upgrade following the stock’s recent weakness. 2. Plug Power (PLUG) upgraded to Equal Weight from Underweight at Barclays with analyst Moses Sutton saying the company’s analyst day on October 14 “could reasonably ignite some momentum” and drive the shares toward a new baseline for the next 6-12 months, or at least set a high-$20s “floor.” 3. Oatly Group (OTLY) upgraded to Overweight from Neutral at JPMorgan with analyst Ken Goldman likening the growth of plant-based dairy in general and the potential for oat milk to continue taking share from almond and other varieties. 4. Union Pacific (UNP) upgraded to Overweight from Neutral at JPMorgan with analyst Brian Ossenbeck citing valuation for the upgrade following the stock’s recent weakness. 5. Northern Trust (NTRS) upgraded to Buy from Neutral at UBS with analyst Brennan Hawken being positive on the company’s loan growth opportunity while also boosting estimates for trust banks as part of a broader research note. 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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