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Fly News Breaks for March 8, 2017
MANT, BXE, WFT, AVB, MIK
Mar 8, 2017 | 10:27 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Michaels (MIK) upgraded to Buy from Neutral at BofA/Merrill with analyst Denise Chai saying fundamentals have hit an inflection point. The analyst expects comps to improve in the second half as it is up against easy compares due to the disruption from adding flexible merchandise space to stores and the election. 2. AvalonBay (AVB) upgraded to Buy from Neutral at BofA/Merrill with analyst Juan Sanabria saying its diversified portfolio is well positioned relative to peers with its concentrated Class A, and urban core supply. 3. Weatherford (WFT) upgraded to Neutral from Sell at Clarksons Platou. 4. Bellatrix Exploration (BXE) upgraded to Speculative Buy from Hold at Canaccord with analyst Anthony Petrucci citing improved risk/reward profile. The analyst cited improved overall reserve levels and better than expected reserve value. Petrucci lowered his price target to C$1.50 from C$1.60 on Bellatrix Exploration shares. 5. ManTech (MANT) upgraded to Buy from Hold at Maxim with analyst Brian Kinstlinger saying he views the company's contract awards over the last two years as a sign that demand is strengthening and believes ManTech will gain market share. Trump administration policies will likely lead to strong market growth in 2018 and 2019, added Kinstlinger, who keeps a $44 price target on ManTech shares. 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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