2020-07-14 10:11:22 | Fly Intel: Top five analyst upgradesCatch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Harley-Davidson (HOG) upgraded to Outperform from Market Perform at BMO Capital with analyst Gerrick Johnson saying he is more positive about the outlook for the company given recent management changes. 2. TSMC (TSM) upgraded to Buy from Outperform at CLSA with analyst Sebastian Hou citing his view that the company can "quickly" replace orders lost from Huawei with other clients. 3. Hanesbrands (HBI) upgraded to Outperform from Neutral at Credit Suisse with analyst Michael Binetti saying he thinks Hanesbrands weathered COVID-19 retail closures better than peers, with 50% of its store distribution remaining open during quarantine and a new $300M+ masks business offsetting factory deleverage in Q2. 4. Quest Diagnostics (DGX) and LabCorp (LH) were upgraded to Buy from Neutral at BofA. 5. Wayfair (W) upgraded to Outperform from Neutral at Wedbush with analyst Seth Basham saying amidst the coronavirus, consumers have shifted their spending to the home goods category and to the online channel, leaving Wayfair "perfectly positioned" to capture this spending. 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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