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Fly News Breaks for March 30, 2017
CYBR, ESPR, EOG, FDX, COP
Mar 30, 2017 | 10:37 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. ConocoPhillips (COP) upgraded to Buy from Neutral at UBS with analyst William Featherston citing the "materially accretive" sale of the company's Canadian assets. Proceeds will accelerate its debt reduction target and boost share repurchases, Featherston tells investors in a research note. He raised his price target for ConocoPhillips shares to $55 from $51. 2. FedEx (FDX) upgraded to Positive from Neutral at Susquehanna with analyst Bascome Majors saying he now sees the risk of missing out on the company's earnings and cash flow upside as greater than the downside risk from either bad execution or an economic downturn. He raised his price target on the shares to $237 from $203, as he expects progress toward Express and TNT combined profit improvement targets over the next three years. 3. EOG Resources (EOG) upgraded to Buy from Neutral at UBS with analyst William Featherston saying the sector share weakness brings an opportunity to buy quality at an attractive price. The analyst raised his price target for the shares to $109 from $105. 4. Esperion (ESPR) upgraded to Buy from Neutral at UBS. 5. CyberArk (CYBR) upgraded to Buy from Neutral at Goldman with analyst Gabriela Borges saying the company is among the best secular growth stories in security today. The analyst expects "beat-and-raise" quarters this year to drive the stock higher. She raised her price target for the stock to $64 from $57. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.