Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Under Armour (UAA) upgraded to Outperform from Market Perform at Telsey Advisory with analyst Cristina Fernandez coming away from the company’s report with more confidence that customer reception to its product has improved and that the company has reached an inflection point in terms of profitability. 2. Ferrari (RACE) upgraded to Buy from Hold at Societe Generale with analyst Stephen Reitman saying Ferrari has continued to perform strongly, increasing shipments by 19% year-over-year in Q3 after sidestepping the chronic semiconductor shortages that forced other automakers to cut output. 3. T-Mobile (TMUS) upgraded to Strong Buy from Outperform at Raymond James with analyst Ric Prentiss saying the company’s in-line Q3 results and “tweaked up” guidance allayed competitive fears. 4. DuPont (DD) upgraded to Outperform from Neutral at Credit Suisse with analyst John Walsh saying the company’s Q3 fundamental performance was better than anticipated and the lower Q4 earnings were driven exclusively by automotive production timing. 5. Ingredion (INGR) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow calling the stock his “Surprise Investment of 2022.” 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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