| 2020-12-02 09:54:42|
ASAN, KSS… 09:54 12/02 12/02/20
Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Asana (ASAN) upgraded to Overweight from Neutral at Piper Sandler with analyst Brent Bracelin saying the company has the potential to become an indirect beneficiary of "digital tailwinds with increasing strategic value as an agnostic orchestration software layer for digital work" given key integrations into Slack's pending acquisition by Salesforce, Microsoft Teams, Zoom Video, and Jira. 2. Kohl's (KSS) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying yesterday's "transformational announcement" of a partnership with Sephora combines with other "unique traffic drivers" for Kohl's, including Amazon returns and expansion of athletic and outdoor. 3. Verizon (VZ) upgraded to Buy from Neutral at MoffettNathanson with analyst Craig Moffett saying while he still expects Verizon to lose share to T-Mobile (TMUS), the stock is now trading at just half the market's P/E multiple, which is "simply too cheap." 4. Interactive Brokers (IBKR) upgraded to Buy from Neutral at Compass Point with analyst Chris Allen saying while he was right with his prior concerns about account growth slowing, trading activity and margin balances have been much higher than he anticipated, giving Allen confidence in the near-term earnings trajectory. 5. CareTrust REIT (CTRE) upgraded to Buy from Hold at Berenberg with analyst Connor Siversky saying while he remains generally cautious on healthcare REITs, he believes CareTrust has a resilient tenant roster anchored by the high-performing Ensign Group, and should be able to take advantage of its low leverage and favorable cost of capital in 2021, the analyst tells investors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.