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Fly News Breaks for March 2, 2016
STAG, ROST, MEOH, HABT, ALSN
Mar 2, 2016 | 10:22 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Allison Transmission (ALSN) upgraded to Buy at BofA/Merrill by analyst Ross Gilardi, who cited underperformance, consistent free cash flow generation and risks that are better understood. 2. Habit Restaurants (HABT) upgraded to Outperform at Cowen, with analyst Andrew Charles saying that fundamentals are intact and remaining appealing. He adds that a potential secondary offering provides an attractive entry point into one of the best unit growth stories in the restaurant industry. 3. Methanex (MEOH) upgraded to Outperform at Raymond James by analyst Steve Hansen, who said he expects the North American price discount to China to find in the coming months, followed by a broader market increase in the second half of 2016. 4. Ross Stores (ROST) upgraded to Buy at MKM Partners, with analyst Roxanne Meyer citing improved visibility into margin upside potential, a more modest comp combined with discrete second half tailwinds. 5. STAG Industrial (STAG) upgraded to Overweight at Capital One by analyst Thomas Lesnick, who cited an "extremely attractive" dividend yield and potential catalysts from asset sales. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.