2020-07-10 10:05:24 | Fly Intel: Top five analyst upgradesCatch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Foot Locker (FL) upgraded to Positive from Neutral at Susquehanna analyst Sam Poser saying four months into the coronavirus crisis, his checks indicate that stimulus money "is burning a hole in many consumers' pockets" and for the most part consumers have stopped spending money on dining out and traveling, leaving funds available to shop for footwear and apparel. 2. Harley-Davidson (HOG) upgraded to Sector Perform from Underperform at RBC Capital with analyst Joseph Spak saying the company's "ugly" second half of 2020 will likely reflect its "aggressive" inventory management, though he also notes that 2021 looks "favorable" given the easy comps and the need to restock dealers. 3. Triumph Bancorp (TBK) upgraded to Buy from Neutral at DA Davidson with analyst Gary Tenner citing the company's acquisition of Transport Financial Solutions assets which he believes should increase its annual factoring run rate by 20% and improve its efficiency given the incremental operating expense. 4. Charter (CHTR) upgraded to Buy from Neutral at Nomura Instinet with analyst Gregory McNiff saying he sees accelerated broadband momentum driven by work from home measures as well the success of Spectrum Mobile. 5. Sleep Number (SNBR) upgraded to Overweight from Neutral at Piper Sandler with analyst Peter Keith saying mattress demand trends improved substantially from the April lows and the demand outlook "appears robust" as consumers continue to shift spending toward their homes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | |
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