Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations - InvestingChannel

Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations

Fortinet upgrade, Twitter downgrade and Skillsoft initiation among today’s top calls on Wall Street

Institutional investors and professional traders rely on The Fly to learn which companies the best analysts on Wall Street are saying to buy and sell.

Research analysts at Wall Street’s largest banks issue recommendations on whether a stock should be bought, held, or sold. The Fly’s team of financial market experts scours hundreds of research notes daily to uncover the best trading ideas. Check out today’s top analyst calls from around Wall Street, compiled by The Fly.

Top 5 Upgrades:

  • Mizuho analyst Gregg Moskowitz upgraded Fortinet (FTNT) to Buy from Neutral with a price target of $350, up from $340. The company reported “another very good upside quarter,” led by bookings growth of 50% year-over-year and product revenue growth of 54%, Moskowitz told investors in a research note.
  • Wells Fargo analyst Steven Cahall upgraded Sinclair Broadcast (SBGI) to Overweight from Equal Weight with a price target of $33, up from $30. The analyst noted that with the deconsolidation of Diamond, Sinclair’s shares are no longer dragging the anchor of a highly levered regional sports narrative, and what re-emerges is a TV broadcast pureplay akin to peers.
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