2021-12-07 09:51:20 | Fly Intel: Top five analyst upgradesCatch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bumble (BMBL) upgraded to Overweight from Neutral at JPMorgan with analyst Cory Carpenter saying he left the meetings with greater confidence in Bumble's app trajectory and longer term positioning within "the dating/relationship ecosystem." He believes Bumble's 2022 net subscriber additions will be greater than 2021. 2. Starbucks (SBUX) upgraded to Buy from Neutral at MKM Partners with analyst Brett Levy, who acknowledges the current backdrop, the company's investments and a "fundamental drag" may weigh on its near term performance, taking a "more constructive view" of Starbucks' long-term prospects. 3. CarMax (KMX) upgraded to Overweight from Neutral at JPMorgan with analyst Rajat Gupta saying the stock's relative risk/reward versus other used retailers is favorable in the near-term. 4. Murphy Oil (MUR) upgraded to Overweight from Neutral at JPMorgan with analyst Arun Jayaram thinking conditions for exploration and production companies "are ripe for another year of upstream outperformance" in 2022 as the structural oversupply in oil, gas, and natural gas liquids abates. 5. CVR Energy (CVI) upgraded to Neutral from Underperform at Credit Suisse with analyst Manav Gupta noting that CVR is down almost 25% from its recent highs and based on his revised price target of $21, Gupta now sees about 30% upside in the name. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. | |
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