Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Allegiant Travel (ALGT) upgraded to Buy from Neutral at Goldman Sachs with analyst Catherine O’Brien expecting the company to see one of the fastest profitability recoveries in airlines and ultimately produce “top-of-industry” margins. 2. Tricida (TCDA) upgraded to Neutral from Underweight at JPMorgan with analyst Jessica Fye saying the stock has been reflecting an extended delay in launch of veverimer and a substantially lower probability of approval. 3. Idacorp (IDA) upgraded to Buy from Neutral at BofA with analyst Julien Dumoulin-Smith believing that the company’s growth opportunities are accelerating following the discussions at the Edison Electronic Institute Financial Conference meeting, and its year-end call should have more details on the integrated resource plan supporting a refreshed capex profile. 4. Axon (AXON) upgraded to Buy from Hold at Craig-Hallum with analyst Jeremy Hamblin saying while valuation on the stock remains high on an absolute basis, the analyst is “impressed” by the company’s ability to grow at least 25% even as the revenue base increases and expect the company to hit 25%-plus in fiscal 2022. With substantial momentum building in both international and federal markets, Hamblin sees multiple opportunities for upside potential on raised full year 2022 guidance. 5. Workday (WDAY) upgraded to Buy from Neutral at UBS with analyst Karl Keirstead saying in recent checks, customers and partners cited stronger than expected spending/practice growth outlooks as well as a greater perceived focus on their HR systems in light of labor constraints. 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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