Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. NIO Inc. (NIO) upgraded to Neutral from Sell at Goldman Sachs with analyst Fei Fang admitting to underestimating the benefits to NIO from powertrain breakthroughs, the introduction of its battery as a service program and regulatory incentives that turned around electric vehicle market demand from an ongoing decline. 2. FedEx (FDX) upgraded to Overweight from Equal Weight at Barclays with analyst Brandon Oglenski saying a more collaborative future between FedEx's transportation networks could signal the beginning of a multi-year upcycle. 3. Southern Company (SO) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Neil Kalton saying the company could be in the early stages of a "substantial valuation re-rating." 4. Charles Schwab (SCHW) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Christopher Harris saying the upgrade reflects "increased comfort" with the interest rate and economic backdrop due to highly effective Covid vaccines, an expectation of "solid" earnings growth near-term on the back of the TD Ameritrade acquisition and confidence in Schwab's ability to be a "market-share taker." 5. Pinterest (PINS) upgraded to Buy from Hold at Argus with analyst John Staszak saying the company posted "solid" Q3 results and looks to be on track for continued strong growth in both monthly average users and average revenue per user. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage. Reference Link