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Fly News Breaks for March 28, 2019
LNG, PUB, FIVE, TREX, SEAS
Mar 28, 2019 | 10:13 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. SeaWorld (SEAS) upgraded to Buy from Neutral at B. Riley FBR with Eric Wold saying as a leading operator of differentiated theme parks as well as driving animal preservation and education, SeaWorld is well positioned to benefit from increased global consumer brand awareness and improving economies of scale. 2. Trex Company (TREX) upgraded to Buy from Hold at Stifel with analyst John Baugh saying the stock is trading at an attractive level with a risk/reward "very favorable" below $60. 3. Five Below (FIVE) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Christopher Prykull saying the stock is trading at a discount to Five Below's "growing" intrinsic value as building brand awareness, "robust" new store performance, and tailwinds from initiatives such as remodels should sustain double-digit top- and bottom-line growth. 4. People's Utah Bancorp (PUB) upgraded to Buy from Hold at Sandler O'Neill with analyst Andrew Liesch saying the bank has consistently posted strong operating results since its IPO in 2015 but that the stock has declined 15% year-to-date and underperformed the Nasdaq Bank Index. 5. Cheniere Energy (LNG) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Michael Lapides saying he views Cheniere as the best way for investors to gain exposure to the growing U.S. liquefied natural gas industry. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.