Information Provided By:
Fly News Breaks for January 31, 2020
UTHR, ADNT, TSCO, PYPL, MO
Jan 31, 2020 | 09:57 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Altria Group (MO) upgraded to Overweight from Neutral at Piper Sandler with analyst Michael Lavery saying Altria no longer expects Juul equity income contribution through 2022, as it now plans to apply fair value accounting. 2. PayPal (PYPL) upgraded to Buy from Neutral at Guggenheim with analyst Jeff Cantwell saying the "rather muted" reaction to the company's Q4 results and updated outlook has created an opportunity for investors. 3. Tractor Supply (TSCO) upgraded to Buy from Neutral at BofA with analyst Elizabeth Suziki saying while the company posted a 0.1% increase in comps, it would have been in line with her estimate of 2.5% when excluding for adverse weather and accounting for a shorter holiday season. 4. Adient (ADNT) upgraded to Buy from Neutral at BofA with analyst John Murphy citing the company's "much stronger than expected" Q1 results and FY20 guidance raise. 5. United Therapeutics (UTHR) upgraded to Overweight from Neutral at JPMorgan with analyst Jessica Fye saying after two reported quarters of minimal generic impact to Remodulin and recent management comments supportive of this trend despite two additional approvals, she is increasingly confident in Remodulin's "resilience" through 2020. 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 MO;PYPL;TSCO;ADNT;UTHR From the Last 2 Days
TSCO
Apr 19, 2024 | 09:07 EDT
Telsey Advisory raised the firm's price target on Tractor Supply to $275 from $250 and keeps an Outperform rating on the shares following the company's Q1 earnings preview. The company continues to execute well in rural America and, while there are near-term headwinds from macro pressures, the firm is confident the long-term earnings growth potential remains strong, the analyst tells investors. Further, many industry tailwinds catalyzed by COVID-19 should continue to support sales, the firm adds.
TSCO
Apr 17, 2024 | 05:32 EDT
Barclays raised the firm's price target on Tractor Supply to $234 from $192 and keeps an Equal Weight rating on the shares ahead of the Q1 report. The company's core consumables still seems to be moderating, but potentially offset by seasonal drivers and gross margin strength, the analyst tells investors in a research note. The firm is not expecting any change in Tractor Supply's outlook.