| 2021-09-21 09:54:01|
WMG, SHOO… 09:54 09/21 09/21/21
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.