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WMG

Warner Music

$44.00 /

+3.76 (+9.34%)

, SHOO

Steven Madden

$41.10 /

+1.915 (+4.89%)

09:54
09/21/21
09/21
09:54
09/21/21
09:54

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Warner Music (WMG) upgraded to Outperform from Neutral at Credit Suisse with analyst Meghan Durkin saying Warner is well positioned as one of the top three music labels globally, benefiting from the global transition to on demand music streaming. 2. Steven Madden (SHOO) upgraded to Buy from Hold at Jefferies with analyst Janine Stichter saying Steven Madden's "best-in-class supply chain and proactive measures to circumvent disruption are an even bigger asset in an unprecedentedly difficult supply chain environment." 3. Bath & Body Works (BBWI) upgraded to Buy from Hold at Argus with analyst Taylor Conrad citing the company's Q2 results rising sharply from year-ago levels along with its reinstated dividend, also stating that the valuation on the stock at 14-times her FY23 EPS estimate is below the peer average of 19-times. 4. Vail Resorts (MTN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Brett Andress saying his previous view that Vail would suffer from demand hurdles in fiscal 2021 was wrong, and that looking into fiscal 2022, destination demand indicators for this upcoming season are above pre-pandemic levels, even with Delta in the background. 5. Hostess Brands (TWNK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Pamela Kaufman saying Hostess, which she sees being positioned to benefit from tailwinds that include a shifting consumer preferences toward more snacking, increasing consumer mobility and potential revenue synergies from its Voortman acquisition, is now her Top Pick with 24% upside represented by her price target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

WMG

Warner Music

$44.00 /

+3.76 (+9.34%)

SHOO

Steven Madden

$41.10 /

+1.915 (+4.89%)

BBWI

Bath & Body Works

$66.35 /

+1.84 (+2.85%)

TPVG

TriplePoint Venture

$15.75 /

+0.59 (+3.89%)

TWNK

Hostess Brands

$16.57 /

+0.45 (+2.79%)

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WMG Warner Music
$44.00 /

+3.76 (+9.34%)

09/21/21 Credit Suisse
Warner Music upgraded to Outperform on streaming growth at Credit Suisse
09/21/21 Credit Suisse
Warner Music upgraded to Outperform from Neutral at Credit Suisse
08/17/21 Tigress Financial
Warner Music price target raised to $48 from $42 at Tigress Financial
04/22/21 Jefferies
Warner Music initiated with a Hold at Jefferies
SHOO Steven Madden
$41.10 /

+1.915 (+4.89%)

09/21/21 Jefferies
Jefferies upgrades Steven Madden to Buy on 'best-in-class' supply chain
09/21/21 Jefferies
Steven Madden upgraded to Buy from Hold at Jefferies
09/17/21 BTIG
Steven Madden price target raised to $59 from $57 at BTIG
07/29/21 B. Riley
Steven Madden price target raised to $51 from $50 at B. Riley
BBWI Bath & Body Works
$66.35 /

+1.84 (+2.85%)

09/21/21 Argus
Bath & Body Works upgraded to Buy from Hold at Argus
09/21/21 Argus
Bath & Body Works upgraded to Buy from Hold at Argus
08/24/21 Citi
Bath & Body Works reinstated with a Buy at Citi
08/19/21 UBS
Bath & Body Works delivered 'very solid' Q2, says UBS
TPVG TriplePoint Venture
$15.75 /

+0.59 (+3.89%)

09/21/21 Compass Point
Compass Point upgrades TriplePoint Venture to Buy, sees more gains coming
09/21/21 Compass Point
TriplePoint Venture upgraded to Buy from Neutral at Compass Point
07/12/21 Piper Sandler
TriplePoint Venture initiated with an Overweight at Piper Sandler
05/19/21 Oppenheimer
TriplePoint Venture initiated with a Perform at Oppenheimer
TWNK Hostess Brands
$16.57 /

+0.45 (+2.79%)

09/21/21 Morgan Stanley
Hostess Brands upgraded to Overweight from Equal Weight at Morgan Stanley
05/18/21 Stephens
Hostess Brands assumed with an Overweight at Stephens
04/05/21 JPMorgan
BellRing, Hostess among JPMorgan's 'Own Now' names in food
01/19/21 Stephens
Hostess Brands initiated with an Overweight at Stephens

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