Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cisco (CSCO) upgraded to Outperform from Underperform at Credit Suisse with analyst Kulbinder Garcha saying Cisco Systems' transition towards a diversified IT player can be accelerated in an environment of tax reform. He double upgraded Cisco to Outperform from Underperform and upped his price target for the shares to $40 from $27. 2. McDonald's (MCD) upgraded to Buy from Hold at Argus with analyst John Staszak citing its new promotional offers and the increasing popularity of its mobile order and pay system. 3. American Express (AXP) upgraded to Neutral from Reduce at Nomura Instinet with analyst Bill Carcache saying he sees near-term upside from a growing mix of spread lending, a resurgence in corporate spending, and a potential reduction in investment spending that will add to near-term earnings leverage. 4. PayPal (PYPL) upgraded to Neutral from Underweight at Piper Jaffray with analyst Jason Deleeuw citing strong digital payment momentum following the company's first quarter results. He raised his price target for the shares to $45 from $41. 5. DISH upgraded to Overweight from Equal Weight at Barclays with analyst Kannan Venkateshwar saying DISH could emerge as a preferred partner for most of the carriers while its satellite business is an "underappreciated strategic asset. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

BMO Capital raised the firm's price target on American Express to $175 from $167 and keeps an Underperform rating on the shares. The firm cites the company's broad-based Q1 earnings beat, with higher than previously-modeled net interest income and slightly lower credit costs being partly offset by higher expected operating expenses. BMO adds however that it remains concerned that American Express's elevated loan restructuring rate could eventually bleed into higher credit provisions.

RBC Capital raised the firm's price target on American Express to $253 from $250 and keeps an Outperform rating on the shares. The company's Q1 results showed a "good quarter" with revenues that met expectations, controlled core expenses, and acceptable credit trends, the analyst tells investors in a research note. While spend volumes continued to moderate, American Express management remains confident on the near and longer term revenue trajectory, the firm added.

Morgan Stanley raised the firm's price target on American Express to $226 from $222 and keeps an Equal Weight rating on the shares following Q1 results that were better than expected, led by net interest income, credit, and expenses. The firm is taking forward EPS up 1%, noting that its 2024 estimate is now above the midpoint of management's EPS guidance at $13.02, though it maintains an Equal Weight rating, citing valuation.