| 2021-03-05 09:54:24|
ORCL, BA… 09:54 03/05 03/05/21
Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Oracle (ORCL) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow seeing accelerating growth for Oracle, which he believes will drive multiple expansion. 2. Boeing (BA) upgraded to Buy from Hold at Canaccord with analyst Ken Herbert saying the combination of a recovery in passenger travel, higher fuel prices and improved financial health at the airlines should support the delivery plans for the returning 737 MAX. 3. Bally's (BALY) upgraded to Buy from Hold at Stifel with analyst Steven Wieczynski saying given the adjusted EBITDA miss in Q4, along with potential investor disappointment around the timing of Bally's "highly anticipated" online sports betting app launch being pushed back to the second half, the shares have sold off, but he thinks the "initial share reaction feels overplayed." 4. Cisco (CSCO) upgraded to Overweight from Neutral at JPMorgan with analyst Samik Chatterjee saying the upgrade is based on a combination of the enterprise IT spending recovery tracking ahead of expectation, Cisco's "on-track" transformation to subscriptions, as well as its "still inexpensive valuation" following the recent underperformance to peers. 5. Darling Ingredients (DAR) upgraded to Overweight from Neutral at JPMorgan with analyst Thomas Palmer saying though the stock has performed well, there remains "substantial upside potential." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.