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Fly News Breaks for June 21, 2016
SBNY, DKL, HP, ERIC, MRO
Jun 21, 2016 | 10:27 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Marathon Oil (MRO) upgraded to Overweight from Equalweight at Capital One and to Overweight from Equal Weight at Morgan Stanley with Morgan Stanley analyst Evan Calio citing higher oil price leverage and portfolio improvements, highlighted by the PayRock Energy acquisition. 2. Ericsson (ERIC) upgraded to Neutral from Sell at Goldman with the firm saying the risk/reward is more balanced following the recent underperformance of the shares. 3. Helmerich & Payne (HP) upgraded to Overweight from Sector Weight at KeyBanc with analyst Robin Shoemaker saying Helmerich is the best-positioned land drilling contractor ahead of an upturn in U.S. land rig activity, which has already begun. 4. Delek Logistics (DKL) upgraded to Buy from Neutral at Goldman with analyst Theodore Durbin saying the current risk/reward is favorable at the current 10.7% yield. 5. Signature Bank (SNY) upgraded to Strong Buy from Outperform at Raymond James with analyst David Long saying overhangs on the stock related to taxi medallion and CRE credit risks are overblown. Long has a $162 price target on Signature Bank 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.
News For MRO;ERIC;HP;DKL;SBNY From the Last 2 Days
MRO
Mar 28, 2024 | 09:26 EDT
Morgan Stanley raised the firm's price target on Marathon Oil to $26 from $24 and keeps an Equal Weight rating on the shares. The energy sector is experiencing an improving macro backdrop, which has led to a catch-up trend experience in energy stocks, the analyst tells investors. With valuations still 2x the historic discount vs S&P, strong free-cash-flow yields, and positive earnings revisions, the firm sees a path to further outperformance.