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Fly News Breaks for April 11, 2016
QSR, BLMN, BECN, AU, GOOGL, GOOG
Apr 11, 2016 | 10:18 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) upgraded to Buy at Pivotal Research by analyst Brian Wieser, who said current quarter results for Alphabet and core Google business trends should be positive and foreign exchange headwinds should continue to ease. The analyst contends that Google has the economies of scale to produce improving margins. 2. AngloGold (AU) upgraded to Outperform at RBC Capital by analyst Richard Hatch following an increase in the firm's gold price deck. He added that diverse foreign exchange exposure offers upside. 3. Beacon Roofing (BECN) upgraded to Outperform at RBC Capital based on expectations for strong volumes, higher selling prices, and full realization of acquisition synergies. 4. Bloomin' Brands (BLMN) upgraded to Outperform at Credit Suisse by analyst Jason West, who said the current valuation underappreciates the company's potential portfolio optionality, including pending sale-leaseback transactions. 5. Restaurant Brands (QSR) upgraded to Outperform at RBC Capital citing what it sees as sustained sales momentum at Burger King, additional cost cutting at Tim Horton's and improved foreign exchange trends. 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 GOOG;GOOGL;AU;BECN;BLMN;QSR From the Last 2 Days
GOOGL
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Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
GOOGL, GOOG
Mar 26, 2024 | 13:46 EDT
Shares of Reddit (RDDT) jumped again in Tuesday trading as they extended their run following the launch of options on the stock the day before. Of note, the... To see the rest of the story go to thefly.com. See Story Here