Fly Intel: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. ArcelorMittal (MT) upgraded to Outperform from Neutral at Credit Suisse with analyst Carsten Riek saying the recent weakness in the shares creates an attractive entry point. 2. Perrigo (PRGO) upgraded to Outperform from Market Perform at Raymond James with analyst Elliot Wilbur saying the recently announced acquisition of leading branded consumer play HRA Pharma is expected to immediately boost the company’s profitability back to 2019 levels while delivering on its goal of becoming a pure-play consumer health company by 2023. 3. UPS (UPS) upgraded to Buy from Hold at Stifel with analyst J. Bruce Chan saying there is “a lot to like about the fundamental UPS story right now.” 4. AT&T (T) upgraded to Sector Weight from Underweight at KeyBanc with analyst Brandon Nispel saying it appears more difficult to justify further downside from current levels given simplification of the business, reduced leverage, and peers that trade at premiums. 5. U.S. Steel (X) upgraded to Buy from Hold at Argus with analyst David Coleman citing the company experiencing increased demand and also benefiting from higher steel pricing as global economic conditions improve. 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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