Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Penn National (PENN) upgraded to Hold from Sell at Deutsche Bank with analyst Carlo Santarelli citing valuation for the upgrade. 2. Cognex (CGNX) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Joshua Pokrzywinski saying his Underweight thesis has played out, with the shares hitting multiyear lows as tough electronics comps from Covid “have downshifted demand while supply chain has limited throughput.” 3. Radius Global (RADI) upgraded to Strong Buy from Outperform at Raymond James with analyst Ric Prentiss saying the company reported another strong quarter of capital deployment and provided guidance that it should stay at the current pace of acquisition capex for the next couple quarters. 4. Blink Charging (BLNK) upgraded to Buy from Neutral at Roth Capital with analyst Craig Irwin telling investors in a research note that Blink’s improving business momentum is likely to accelerate in 2H22 on greater availability to infrastructure subsidies. 5. GlycoMimetics (GLYC) upgraded to Buy from Hold at Jefferies with analyst Roger Song telling investors that Phase 1/2 data for lead product candidate uproleselan in acute myeloid leukemia has “looked very promising” and supportive of pivotal studies. 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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