Fly Intel: Top five analyst upgrades

Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Hyatt (H) upgraded to Overweight from Neutral at JPMorgan with analyst Joseph Greff saying the upgrade reflects the recent share price underperformance as well as “idiosyncratic factors” for Hyatt including a shift toward a higher multiple, more asset-light, fee-generating business that should be complemented by capital return to shareholders with proceeds from asset sales. 2. Bumble (BMBL) upgraded to Outperform from Market Perform at Raymond James with analyst Andrew Marok saying the 30% pullback in the shares since the company’s Q3 results provides an attractive entry point. 3. Argenx (ARGX) upgraded to Overweight from Neutral at Piper Sandler with analyst Allison Bratzel viewing the company’s lead asset efgartigimod as emerging as potentially the best-in-class therapy in the FcRn space. 4. Burlington Stores (BURL) and TJX (TJX) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez citing a more optimistic view of the off-price sector. 5. Surgery Partners (SGRY) upgraded to Buy from Hold at Stifel with analyst Tao Qiu saying Surgery Partners’ third quarter results proved the resilience of its business despite revenue disruptions and labor challenges from the surge in COVID-19 cases. 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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