| 2021-04-23 10:01:45|
SKX, MAX… 10:01 04/23 04/23/21
Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Skechers (SKX) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Kimberly Greenberger viewing the company's Q1 results as impressive saying the fiscal year guidance provides a "clearer" EBIT and earnings trajectory. 2. MediaAlpha (MAX) upgraded to Overweight from Neutral at JPMorgan with analyst Doug Anmuth saying the shares have traded down 46% since March 15, largely driven by new supply coming to market as well as the broader shift away from growth stocks. 3. Silicon Labs (SLAB) upgraded to Overweight from Sector Weight at KeyBanc with analyst John Vinh saying with the divestiture of the non-IoT segments, Vinh anticipates the increased focus will drive long-term sustained revenue growth of 20%+ and anticipates an even higher likelihood the company will be acquired. 4. Imax (IMAX) upgraded to Outperform from Neutral at Wedbush with analyst Michael Pachter saying pent up demand for out-of-home entertainment drove outsized market share for Imax in China, Japan, and elsewhere in Asia over the last several months, particularly in Q1, and Pachter expects similar pent-up demand in North America and Europe to result in market share gains once the film slate returns to a normal cadence. 5. Clearfield (CLFD) upgraded to Outperform from Market Perform at Northland with analyst Tim Savageaux saying he believes the company's earnings power has come in line with his previous target given his view that Rural Digital Opportunity Fund deployments beginning later in 2021 and increased Tier 1/2 revenues have the potential to sustain the company's above trend growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.