Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Comerica (CMA) upgraded to Neutral from Sell at Citi with analyst Keith Horowitz saying after the company's Q4 results, estimates have been reset and the bank's net interest margin is likely to grow from Q1 levels. 2. ADP (ADP) upgraded to Outperform from In Line at Evercore ISI. 3. Outfront Media (OUT) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Benjamin Swinburne saying he remains bullish on overall U.S. advertising this year while noting that out-of-home advertising is the only non-Internet based ad medium to show meaningful organic growth in recent years. 4. Fortinet (FTNT) upgraded to Outperform from Market Perform at Raymond James with analyst Michael Turits saying that among network security vendors, Fortinet checks were strongest, reporting improved enterprise execution, SD-WAN leadership among security vendors, success with its broad portfolio and continued high-end price/performance. 5. Sea Limited (SE) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Miang Chuen Koh saying 2020 is the year for Sea's e-commerce business to demonstrate its path to profitability alongside high gross merchandise volume growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Piper Sandler analyst R. Scott Siefers raised the firm's price target on Comerica to $56 from $54 and keeps a Neutral rating on the shares. The Q1 results from the Midwest banks contained no major surprises, and they are "hopefully nearing a positive" net interest income inflection, the analyst tells investors in a research note. Despite the fluid rate environment, managements broadly reiterated NII guides, says Piper.

Loop Capital upgraded Sea Limited to Buy from Hold with a price target of $92, up from $59. The stock's valuation pressure the last two years is mainly because of aggressive competition and share loss to TikTok, the analyst tells investors in a research note. However, the firm says the recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, "has sparked a revaluation" Sea shares. Loop believes this signals that the shift to sustained profitable growth is "finally underway" and serves as a significant catalyst for revaluation of Sea Limited. With "competitive rationality" setting in, Loop moved from its "broken stock" valuation framework for Sea.