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Fly News Breaks for August 22, 2016
VNCE, CSII, BRX, HRL, LB
Aug 22, 2016 | 10:22 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. L Brands (LB) upgraded to Buy from Neutral at Goldman with analyst Lindsey Drucker Mann saying second quarter results reduced concerns about how disruptive the new promotional strategy at Victoria's Secret would be on the business, and now believes a bottom is visible for productivity and margins. 2. Hormel Foods (HRL) upgraded to Outperform from Neutral at Credit Suisse with analyst Robert Moskow saying it has a clear path to volume growth over the next 12 months. 3. Brixmor (BRX) upgraded to Buy from Hold at Evercore ISI with analyst Samir Khanal citing relative valuation and reduced overhangs. 4. Cardiovascular Systems (CSII) upgraded to Outperform from Market Perform at Leerink with analyst Danielle Antalffy saying she believes the company has reached a "fundamental inflection point" given two solid quarters in a row and a new CEO in place. 5. Vince Holding (VNCE) upgraded to Overweight from Neutral at Piper Jaffray with analysts Erinn Murphy calling the company "an early stage, self-help product turnaround candidate." 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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