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Fly News Breaks for April 8, 2016
KFY, EGO, MXIM, ABX, APA
Apr 8, 2016 | 10:16 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apache (APA) upgraded to Outperform at Wells Fargo citing the company's "strong balance sheet" and international assets that will allow it to outperform if commodity prices continue to be weak. The firm thinks the company will be able to finance additional growth and exploration if commodity prices rally. 2. Barrick Gold (ABX) upgraded to Outperform at Credit Suisse by analyst Anita Soni, who said Barrick is a turnaround story with leverage to gold prices. 3. Maxim Integrated (MXIM) upgraded to Outperform at RBC Capital because the stock is particularly attractive given the company's focus on maximizing its free cash flow by leveraging its analog power business. 4. Eldorado Gold (EGO) upgraded to Outperform at Credit Suisse with analyst Anita Soni citing valuation, gold price support, and growth. 5. Korn/Ferry (KFY) upgraded to Outperform at Macquarie by analyst Kevin McVeigh, who cited favorable risk/reward and potential multiple expansion from recent M&A diversification. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.