Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Activision Blizzard (ATVI) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Michael Ng saying the recent release of new content to improve engagement for core titles, the upcoming release of Diablo Immortal and Call of Duty Mobile, and the potential for new content from "several undermonetized" Blizzard franchises in 2020 and beyond represent a potential inflection in Activision Blizzard's earnings trajectory. 2. iStar (STAR) upgraded to Outperform from Market Perform at Raymond James with analyst Stephen Laws citing the company's progress in resolving its legacy assets, the impact of its recent investments, and his view of a "significant discount" in its valuation relative to the adjusted book value on the stock. 3. Federal Realty (FRT) upgraded to Outperform from Market Perform at Raymond James with analyst Collin Mings citing the "relative value opportunity" for REIT investors given the relative-to-peers year-to-date lag in its stock price. 4. Fiat Chrysler (FCAU) and Renault (RNLSY) were upgraded to Outperform from In Line at Evercore ISI. 5. Rio Tinto (RIO) upgraded to Buy from Neutral at Goldman Sachs with analyst Paul Young saying Rio is generating $8B-$9B of free cash flow while improving margins and returns. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
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