Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) upgraded to Outperform from Market Perform at BMO Capital. 2. Amgen (AMGN) upgraded to Outperform from Market Perform at Raymond James with analyst Dane Leone saying the company already provided conservative guidance for 2020 during the Q4 earnings call, and disruption from the COVID-19 pandemic should not be outsized relative to Amgen's peers. 3. Procter & Gamble (PG) upgraded to Buy from Hold at Jefferies with analyst Kevin Grundy saying the company should see "broad-based" portfolio strength heading into a likely recession and is a near-term beneficiary from pantry-loading in the U.S., which offers high earnings visibility. 4. Mondelez (MDLZ) upgraded to Buy from Hold at Stifel with analyst Christopher Growe saying the recent pullback in shares presents a "compelling buying opportunity" for a "best-in-class" consumer staples business that has experienced an acceleration in growth. 5. Nike (NKE) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Tom Nikic saying while the COVID-19 headwinds are extremely severe and the downturn will likely be much deeper, the analyst says he believes it will be shorter in duration than past recessions, setting the group up for a strong 2021 recovery. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.