Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Yahoo (YHOO) upgraded to Buy from Neutral at Citi with analyst Mark May saying the risk/reward is more compelling at current levels. 2. AMC Entertainment (AMC) upgraded to Buy from Neutral at B. Riley with analyst Eric Wold saying risk has been reduced following the decrease of the share price and Q2 consensus estimates. 3. AMD (AMD) upgraded to Buy from Hold at Canaccord with analyst Matthew Ramsay saying the Zen x86 micro-architecture with 40% IPC improvement and additional significant power/performance benefits from the 28nm positions AMD once again as a viable second source in PC/notebook markets and for re-entry into the server market longer-term. 4. Abercrombie & Fitch (ANF) upgraded to Equal Weight from Underweight at Stephens with analyst Rick Patel citing the stock's recent pullback and his belief that softness is baked into Street expectations at these levels. 5. Exact Sciences (EXAS) upgraded to Buy from Hold at Craig-Hallum with analyst Bill Bonello saying he believes Exact Sciences is well-positioned to become standard care for colon cancer screening and views it as a $3B to $5B opportunity over time. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TD Cowen raised the firm's price target on AMD to $200 from $185 and keeps a Buy rating on the shares. The analyst expect data center strength and "well-known softness elsewhere" when AMD reports Q1 results. The firm sees AMD as generating upwards of $10.00 in earnings per share by 2027, or a nearly 40% annual growth off of 2023. TD increased its MI300 2024 revenue estimate to $4.5B from $4B, saying ramps at several customers will continue to happen more quickly than typical. AMD remains one of its top picks.

Unusual total active option classes on open include: Steel Dynamics (STLD), Gildan Activewear (GIL), Danaher (DHR), Altimeter Growth (GRAB), Childrens Place (PLCE), ASML (ASML), US Bancorp (USB), iShares Barclays 7 to 10 Year Treasury Bond Fund (IEF), AMC Entertainment (AMC), and Abbott (ABT).

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

HSBC last night upgraded AMD (AMD) to Buy from Hold with a price target of $225, up from $180. Given AMD's recent share price correction of 15% over the past month, market expectations for the company's MI300 2024 and 2025 revenue have been reset, the analyst tells investors in a research note. However, the firm thinks AMD has enough supply capacity and demand to surpass management's artificial intelligence revenue guidance. AMD's next-generation AI GPU is a more direct competitor to Nvidia (NVDA) GB200 in 2025, the analyst tells investors in a research note. HSBC sees an attractive risk/reward at current share levels.