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Fly News Breaks for June 23, 2016
POST, MU, INTU, CERN, HD
Jun 23, 2016 | 10:22 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Home Depot (HD) upgraded to Buy from Neutral at Nomura with analyst Jessica Schoen Mace saying Home Depot's comps are still solidly positive, including a high-single-digit increase in the U.S. in 2016 despite slowing year-over-year home price growth. 2. Cerner (CERN) upgraded to Buy from Neutral at SunTrust with the firm citing valuation and its belief that estimates for the company have dropped "to an achievable level." 3. Intuit (INTU) upgraded to Conviction Buy from Buy at Goldman with analyst Jesse Hulsing saying retention rate trends are improving and he has increased confidence in Quickbooks Online subscriber growth outlook for FY17. 4. Micron (MU) upgraded to Positive from Neutral at Susquehanna and to Buy from Reduce at Nomura. Nomura analyst Romit Shah's two-notch upgrade is based on recent supply shortages in memory, firmer pricing, and 20nm execution. 5. Post Holdings (POST) upgraded to Buy from Hold at BB&T. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.