Information Provided By:
Fly News Breaks for September 4, 2019
ATVI, STMP, BC, ICPT, CPB
Sep 4, 2019 | 10:10 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Campbell Soup (CPB) upgraded to Neutral from Underweight at Piper Jaffray with analyst Michael Lavery saying better focus and reinvestment in key brands can drive long-term benefits for Campbell. 2. Intercept (ICPT) upgraded to Buy from Neutral at Citi with analyst Joel Beatty saying the stock is down 45% since the Phase 3 nonalcoholic steatohepatitis Regnerate results for Intercept's obeticholic acid were announced in February, despite the data being positive. 3. Brunswick (BC) upgraded to Buy from Hold at Jefferies with analyst Randal Konik saying with expectations recalibrated post the Q2 results, Brunswick's risk/reward set-up is at its most favorable in four years. 4. Stamps.com (STMP) upgraded to Neutral from Sell at Roth Capital with analyst Darren Aftahi saying after a round of channel checks with United State Postal Service ecosystem participants, the analyst believes more favorable rate cards for resellers could continue into 2020. As a result, he has a slightly more favorable view of Stamps.com's 2020, with raised revenue and adjusted EBITDA estimates. 5. Activision Blizzard (ATVI) upgraded to Outperform from Market Perform at BMO Capital with analyst Gerrick Johnson saying he has a stronger conviction that the company's restructuring efforts and its investment in core franchise titles like Call of Duty and World of Warcraft will yield improved financial performance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.