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Fly News Breaks for July 9, 2019
SONM, VEON, VNO, SIX, SQ
Jul 9, 2019 | 10:19 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Square (SQ) upgraded to Market Perform from Underperform at Raymond James with analyst John Davis saying he believes his short thesis from the end of January has mostly played out, creating a more balanced risk/reward profile. 2. Six Flags (SIX) upgraded to Outperform from Market Perform at Wells Fargo with analyst Timothy Conder saying he believes concerns surrounding Q2 weather, China trade implications and dividend sustainability are fairly discounted. 3. Vornado (VNO) upgraded to Sector Perform from Underperform at Scotiabank. 4. Veon (VEON) upgraded to Buy from Neutral at BofA/Merrill with analyst Cesar Tiron saying he sees signs of operational stabilization in Russia. He believes the company can maintain its current dividend levels, which implies a 10% yield and says Telenor, which has committed to sell its entire stake, has only an 8.9% holding left; and his increased price target of $3.80, up from $2.70, implies 22% upside. 5. Sonim (SONM) upgraded to Buy from Neutral at National Securities. 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 SQ;SIX;VNO;VEON;SONM From the Last 2 Days
SQ
Mar 27, 2024 | 06:23 EDT
KeyBanc raised the firm's price target on Block to $95 from $80 and keeps an Overweight rating on the shares after it surveyed 100-plus SMBs in March 2024 who indicated a deceleration in IT spend growth in 2024.The firm cites a healthy market share lead among respondents using POS software and "consideration for SQ as a CRM tool."
VNO
Mar 26, 2024 | 20:26 EDT
Barclays analyst Brendan Lynch initiated coverage of Vornado with an Underweight rating and $22 price target. The analyst cites the company's concentrated exposure and slow pace of lease-up in the Penn district for the sell rating. The firm says Vornado's leasing volume has been slow and management has pushed back its time frame for stabilization of Penn 2 to 2026. It thinks there could be additional delays.