Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Hold from Underperform at Jefferies with analyst Mark Lipacis saying he sees three catalysts that "set the table for dramatic change in 2020-21," namely the fact that ten long-standing senior executives have left Intel in the past six months, the fact that the company has ceded transistor leadership in the industry for the "first time in decades" and the fact that the CEO's bonus plan includes a $30M performance bonus that kicks in should the stock hit $62 for 30 days. 2. Costco (COST) upgraded to Outperform from Perform at Oppenheimer analyst Rupesh Parikh saying as he looks to the balance of 2020, he sees a muted upside outlook for his food retailing universe, but believes Costco and Dollar General (DG) can deliver outsized gains versus peers in this backdrop. 3. Delta Air Lines (DAL) upgraded to Buy from Hold at Argus with analyst John Staszark saying he sees fleet upgrades and share buybacks as catalysts for the stock. Further, Delta is well managed with a strong balance sheet and cash flow, industry-leading execution, and stable operating earnings. 4. L Brands (LB) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying the "stark differential" in performance between Victoria's Secret and Bath & Body Works, and lack of any discernible turnaround at Victoria's Secret, makes a value creating transaction more likely. 5. J.B. Hunt (JBHT) upgraded to Outperform from Market Perform at Raymond James with analyst Patrick Brown saying that while he appreciates the malaise in the intermodal market driven in part by a loose truck environment, the upgrade is based on his view that J.B. Hunt has seen "peak pain" across a number of metrics including EPS declines, ICS losses and intermodal volume optics. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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The U.S. Department of Defense has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes - Commercial, or RAMP-C, program, the company announced. "The award was announced through the National Security Technology Accelerator's consortium-based Strategic and Spectrum Missions Advanced Resilient Trusted Systems Other Transaction Authority program. The third phase of RAMP-C advances the tape-out and testing of early defense industrial base product prototypes, signifying a critical milestone for the program that highlights the readiness of Intel 18A process technology, intellectual property and ecosystem solutions for high-volume manufacturing. As part of the announcement, RAMP-C customers can begin manufacturing commercial and DIB product prototypes on Intel 18A process technology," Intel stated. Reference Link