2021-03-03 09:56:20 | Fly Intel: Top five analyst upgradesCatch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Alcoa (AA) double upgraded to Buy from Sell at Goldman Sachs with analyst Emily Chieng believing prior concerns about Alcoa's weaker free cash flow generation relative to peers are broadly alleviated. 2. Eaton (ETN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Joshua Pokrzywinski saying electrification is a "megatrend in industrial markets," and Eaton's portfolio is well placed to take advantage of this "large shift in a huge installed base" from one-way electrical flow to the multi-directional flow of electricity and data. 3. 3D Systems (DDD) upgraded to Hold from Sell at Loop Capital with analyst Ananda Baruah believing that the company's new management team has the right background to help it make the next "progressive step". 4. Iridium (IRDM) upgraded to Outperform from Market Perform at Raymond James with analyst Richard Prentiss saying valuation has fallen back to an attractive level after spending several weeks in the stratosphere. 5. Roku (ROKU) upgraded to Overweight from Sector Weight at KeyBanc with analyst Justin Patterson believing the Nielsen (NLSN) acquisition expands the TAM, and investment differences versus peers should sustain platform advantages and drive monetization. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link | |
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