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Fly News Breaks for April 30, 2019
VIPS, NBL, JD, NOC, ALK
Apr 30, 2019 | 10:15 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Alaska Air (ALK) upgraded to Overweight from Neutral at JPMorgan with analyst Jamie Baker saying shares of Alaska Air are a laggard year-to-date, having underperformed the market by nearly 17%. 2. Northrop Grumman (NOC) upgraded to Overweight from Neutral at Alembic Global. 3. JD.com (JD) upgraded to Overweight from Neutral at JPMorgan. 4. Noble Energy (NBL) upgraded to Equal Weight from Underweight at Barclays with analyst Jeanine Wai saying the company's fundamentals have improved. 5. Vipshop (VIPS) upgraded to Overweight from Neutral at JPMorgan with analyst Alex Yao saying he's turning more positive on Vipshop's earnings growth outlook following its strategic shift to move non-core, low-margin or loss-making categories to third parties and potentially transition in-house logistics to an outsourced model. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For ALK;NOC;JD;NBL;VIPS From the Last 2 Days
VIPS
Mar 28, 2024 | 06:54 EDT
HSBC lowered the firm's price target on Vipshop to $19 from $22.90 and keeps a Hold rating on the shares. The company's Q1 revenue growth "could disappoint" as unpredictable weather weakened demand, the analyst tells investors in a research note. The firm says that while Vipshop's margin should stay resilient, its user growth may slow down.