| 2020-05-28 10:05:22|
QCOM, HP… 10:05 05/28 05/28/20
Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Sector Weight at KeyBanc with analyst John Vinh saying Qualcomm will benefit from recent export restrictions targeted at HiSilicon. 2. Helmerich & Payne (HP) was upgraded to Overweight from Neutral at Piper Sandler and to Buy from Neutral at BofA. 3. Bill.com (BILL) upgraded to Overweight from Neutral at Piper Sandler with analyst Brent Bracelin saying the stock's risk/reward has turned favorable after the 36% selloff in the last 20 days. 4. Deere (DE) upgraded to Outperform from Market Perform at William Blair with analyst Lawrence De Maria saying the company's earnings should double over the next two to three years, driven by a recovery in regional end-markets, benefits from a lower cost structure, and replacement demand driven by an aging fleet. 5. Ally Financial (ALLY) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Betsy Graseck estimating Ally shares are pricing in cumulative Auto net chargeoffs of about 6.5%, which is 35% higher than her estimate. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.