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Fly News Breaks for November 17, 2017
SQ, INTC, APC, NLSN, LB
Nov 17, 2017 | 10:15 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. L Brands (LB) upgraded to Outperform from Sector Perform at RBC Capital with analyst Brian Tunick saying fundamental improvements are helping Victoria's Secret comps and margins are bouncing off their lows. 2. Nielsen (NLSN) upgraded to Buy from Neutral at Citi with analyst Jason Bazinet saying cost cuts and better sales results will help Nielsen generate better results in 2019 and 2020. 3. Anadarko (APC) upgraded to Outperform from Market Perform at BMO Capital with analyst Phillip Jungwirth saying the company's outlook suggests competitive growth, free cash flow, and shareholder returns over a multi-year span, adding that a WTI crude oil price of $55-$60/barrel can help the company generate a 3.5%-6.5% free cash flow yield by 2020. 4. Intel (INTC) upgraded to Buy from Outperform at Daiwa. 5. Square (SQ) upgraded to Outperform from In Line at Evercore ISI with analyst Stephen Richardson saying he believes Square's new products, with omnichannel capabilities, should help its upmarket progression. 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 LB;NLSN;APC;INTC;SQ From the Last 2 Days
SQ
Mar 27, 2024 | 06:23 EDT
KeyBanc raised the firm's price target on Block to $95 from $80 and keeps an Overweight rating on the shares after it surveyed 100-plus SMBs in March 2024 who indicated a deceleration in IT spend growth in 2024.The firm cites a healthy market share lead among respondents using POS software and "consideration for SQ as a CRM tool."