| 2021-10-27 09:55:40|
TREX, BXS… 09:55 10/27 10/27/21
Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Trex Company (TREX) upgraded to Overweight from Equal Weight at Stephens with analyst Trey Grooms saying Trex is the leader of the composite decking industry and yesterday's announcement to significantly expand capacity "will further cement its long-term growth prospects and leading market position." 2. BancorpSouth (BXS) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Catherine Mealor seeing an "inflection point" for BancorpSouth due to both technical and fundamental factors and saying now is the time to buy BancorpSouth. 3. Abbott (ABT) upgraded to Overweight from Neutral at Atlantic Equities with analyst James Mainwaring stating after the company's recent Q3 report that he was "impressed with the strong execution in the underlying business," noting that every division beat expectations. 4. Matador (MTDR) upgraded to Buy from Hold at Benchmark with analyst Subash Chandra noting the company reported midstream volumes that "surprised" in the third quarter and saying that volumes should "increase significantly" in Q1 of 2022. 5. Entegris (ENTG) upgraded to Buy from Hold at Craig-Hallum with analyst Christian Schwab noting Entegris reported "solid" results and guidance and continues to see a strong industry demand backdrop across its unit-driven products and capex-related solutions. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.