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Fly News Breaks for September 25, 2019
SIEGY, BXS, KBH, TOL, LEN, BERY
Sep 25, 2019 | 10:14 EDT
Catch up on today's top analyst upgrades with this list compiled by The Fly: 1. Berry Global (BERY) upgraded to Buy on valuation at BofA/Merrill with analyst George Staphos saying he thinks the shares now reflect "a pessimistic, mid-single digit perpetuity decline rate" and concerns on plastics that have been a headwind for sector multiples. 2. Toll Brothers (TOL), Lennar (LEN), and KB Home (KBH) upgraded to Outperform from Market Perform at Raymond James. 3. BancorpSouth (BXS) upgraded to Buy from Hold at SunTrust with analyst Jennifer Demba saying she is positive on the company's "steady" small bank acquisition strategy and its "less asset sensitive" balance sheet, adding that its large mortgage and insurance business help to offset the interest rate related challenges in spread income. 4. Siemens (SIEGY) upgraded to Buy from Hold at HSBC with analyst Michael Hagmann saying with its "Vision 2020+," he believes that before the end of the next decade, Siemens will largely consist of the constituents of Digital Industries, Smart Infrastructure and IIoT related activities such as Mindsphere & Digital Services as well as Siemens Integration Services and separately listed Siemens Healthineers. 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 BERY;LEN;TOL;KBH;BXS;SIEGY From the Last 2 Days
KBH
Mar 28, 2024 | 09:33 EDT
Keefe Bruyette raised the firm's price target on KB Home to $74 from $67 and keeps a Market Perform rating on the shares. The analyst increased estimates modestly post the company's Q1 results. While KB looks relatively attractive at 1.2-times forward book value, near mid-cap peers, Keefe has a preference for larger cap builders, the analyst tells investors in a research note.