Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Merck (MRK) upgraded to Overweight from Equal Weight at Morgan Stanley to Buy from Neutral at Guggenheim, and to Overweight from Neutral at Piper Jaffray. 2. Huntington Ingalls (HII) upgraded to Buy from Neutral at BofA/Merrill with analyst Ronald Epstein saying he expects ship building to be a significant beneficiary of a Trump administration increase in defense spending and its strategy to improve the U.S.' global presence without committing ground troops. The analyst said Huntington Ingalls is a pure play on U.S. Navy growth and raised its price target to $230 from $180. 3. Fastenal (FAST) upgraded to Outperform from Market Perform at Avondale with analyst Lawrence Pfeffer saying he is growing increasingly confident that the earnings revision cycle has turned for the better for Fastenal and the broader short-cycle industrial groups due to the improving industrial landscape. The analyst raised his price target to $54 from $51. 4. Fluor (FLR) upgraded to Buy from Hold at Deutsche Bank with analyst Chad Dillard saying the company is one of the biggest beneficiaries of a bookings recovery in Oil & Gas while its "robust project pipeline" for 2017 is underappreciated. The analyst raised his price target for the shares to $63 from $48. 5. Cameco (CCJ) was upgraded to Neutral from Underperform at BofA/Merrill and to Buy from Speculative Buy at TD Securities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
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