Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FedEx (FDX) upgraded to Buy from Hold at Deutsche Bank with analyst Amit Mehrotra saying the upcoming results for both FedEx and UPS (UPS) have the potential to exhibit "very strong" pricing power, the benefits of which "are likely still being underappreciated," Mehrotra tells investors in a research note. The analyst sees an additional 30% upside in shares of FedEx. He now has both ratings on both the company and UPS. 2. UPS (UPS) upgraded to Overweight from Sector Weight at KeyBanc with analyst saying he expects a "steady cadence of favorable commentary" around yield, efficiency, and capital deployment initiatives from new CEO Carol Tome. 3. Snap (SNAP) upgraded to Buy from Neutral at Guggenheim with analyst Michael Morris saying he revised his valuation framework for digital media companies to better reflect what he believes to be greater similarities between internet and software companies than is implied in current valuations. 4. Huntsman (HUN) upgraded to Equal Weight from Underweight at Barclays with analyst Michael Leithead saying that with Q2 "likely marking the macro trough," spreads improving in the MDI-based polyurethanes chain, and a "much cleaner" balance sheet following the sale of its Chemical Intermediates business, he cannot justify being relatively negative on Huntsman shares any longer. 5. Boeing (BA) upgraded to Overweight from Neutral at Alembic Global with analyst Pete Skibitski saying the rating change catalyst is news last week that European regulators now expect to approve the 737 MAX's return to service by November. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.