Catch up on today’s top five analyst upgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) upgraded to Buy from Neutral at Citi with analyst Keith Horowitz saying he is “very constructive” on bank stocks and would use the recent pullback in the shares to build positions “in high quality names.” 2. Stitch Fix (SFIX) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Lauren Schenk believing growth concerns are more priced in following the recent underperformance of the shares. 3. Fastly (FSLY) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying the shares are about two points off the 52-week low and 20% below the 50-day moving average, with a recent uptick in short interest. 4. Marvell (MRVL) upgraded to Buy from Neutral at Goldman Sachs with analyst Toshiya Hari saying while acknowledging staying on the sidelines has been the wrong call with the stock up 49% year-to-date. 5. Upstart (UPST) upgraded to Buy from Neutral at Citi with analyst Peter Christiansen saying with the stock down 55% from its October highs and the company expanding into other areas of the credit spectrum, investors have a “solid buying opportunity” at current levels. 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)
previous post
next post