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Fly News Breaks for June 1, 2017
DG, ITW, GT, SKX, BOX
Jun 1, 2017 | 10:07 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Box (BOX) upgraded to Overweight from Neutral at MUFG with analyst Stephen Bersey saying the company executed well on its strategy to increase its integration with key content providers and has a "long runway of growth ahead." 2. Skechers (SKX) upgraded to Buy from Neutral at Citi, with analyst Corinna Van der Ghinst saying after channel checks and meetings with management that she has increased confidence in the company's U.S. wholesale trajectory and new product cycle. 3. Goodyear Tire (GT) upgraded to Overweight from Underweight at Morgan Stanley with analyst Adam Jonas saying he believes tires are entering a period of secular growth as the technology revolution in mobility will drive growth in miles traveled at twice historical levels. 4. Illinois Tool Works (ITW) upgraded to Buy from Sell at Goldman Sachs with analyst Joe Ritchie double upgrading the stock and raising his price target for the shares to $155 from $131. The analyst sees upside to consensus estimates for 2017 and 2018 amid improving growth. 5. Dollar General (DG) upgraded to Accumulate from Reduce at Gordon Haskett. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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