Match Group upgrade, Domino’s Pizza downgrade and Applied Blockchain initiations 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:
- Wells Fargo analyst Brian Fitzgerald upgraded Match Group (MTCH) to Overweight from Equal Weight with a price target of $115, down from $140. While the analyst expects crosswinds to continue, he sees fundamental opportunity as very much intact and valuation as compelling at current levels.
- Cowen analyst Gary Taylor upgraded Cigna (CI) to Outperform from Market Perform with a price target of $329, up from $242. The analyst sees catalysts for Cigna’s multiple to move higher and for the stock to outperform the market in 2022.
- Morgan Stanley analyst Michael Phillips upgraded Progressive (PGR) to Equal Weight from Underweight with a price target of $115, up from $85, citing his belief that “the bad news is largely in the rearview mirror.”