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Fly News Breaks for June 22, 2016
ENLK, TTOO, CP, PIR, PCLN
Jun 22, 2016 | 10:10 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Priceline (PCLN) upgraded to Overweight from Equal Weight at Barclays with analyst Christopher Merwin saying near-term concerns have created a buying opportunity. 2. Pier 1 Imports (PIR) upgraded to Peer Perform from Underperform at Wolfe Research with the firm citing balanced risk/reward. 3. Canadian Pacific (CP) upgraded to Strong Buy from Outperform at Raymond James with analyst Steve Hansen saying Canadian Pacific's second quarter guidance was admittedly weak but is rear-view looking, traffic has already turned, and that Q2 cost headwinds are largely transitory. 4. T2 Biosystems (TTOO) upgraded to Buy from Speculative Buy at WBB Securities with analyst Stephen Brozak saying he believes T2's technology has the potential to be incredibly disruptive to current testing methodology. 5. EnLink Midstream Partners (ENLK) upgraded to Overweight at Morgan Stanley with analyst Tom Abrams saying he expects EnLink to benefit from rapid growth in SCOOP/STACK volumes and Permian, successful asset sales, and lower than expected declines in Barnett production. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.