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Fly News Breaks for May 4, 2016
QUOT, PRAH, DG, QHC, CYH, FDX
May 4, 2016 | 10:14 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FedEx (FDX) upgraded to Overweight at Barclays by analyst Brandon Oglenski, who said the "lone bright spot" amid weak transport data remains package volume growth while the company is "finally" addressing a decade long problem of over-capacity in the legacy Express business. The analyst adds that FedEx is showing signs of a maturing value company, which can drive meaningful upside for a stock. 2. Community Health (CYH) upgraded to Outperform at Leerink with analyst Ana Gupte saying he sees the mid-point of guidance to be achievable and expects the leverage ratio to go down with the proceeds of Quorum Health (QHC) spin out and sale of assets used to de-lever. 3. Dollar General (DG) upgraded to Buy at BofA/Merrill to reflect increased confidence in earnings growth sustainability and potential upside from margin, comp and capital return initiatives. 4. PRA Health (PRAH) upgraded to Buy at Citi by analyst Garen Sarafian, who said the company warrants a premium valuation given its consistent bookings growth and margin expansion. 5. Quotient Technology (QUOT) upgraded to Outperform and to Neutral at William Blair and BofA/Merrill, respectively, following their Q1 earnings report. The firms' analysts have increased confidence in that the retailer has turned a corner and can provide a solid base of growth. 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 FDX;CYH;QHC;DG;PRAH;QUOT From the Last 2 Days
CYH
Apr 24, 2024 | 16:23 EDT
Reports Q1 revenue $3.14B, consensus $3.09B. On a same-store basis, admissions increased 3.8% and adjusted admissions increased 1.9%, compared to the same period in 2023. The company said, "We were pleased with our first quarter performance compared to both prior year and prior quarter. Progress was demonstrated on key operational and strategic priorities, and we remain focused on building further momentum as we pursue the opportunities available to us this year"