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Fly News Breaks for January 3, 2020
Jan 3, 2020 | 10:11 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. L Brands (LB) upgraded to Buy from Neutral at BofA with analyst Lorraine Hutchinson saying she thinks L Brands' inexpensive valuation, a high dividend yield, a strong and growing Bath & Body Works business and the potential for stabilization at Victoria's Secret make this a compelling investment. 2. Wingstop (WING) upgraded to Outperform from Neutral at Wedbush with analyst Nick Setyan citing his belief that drivers exist to deliver outperformance relative to current expectations in 2020 and beyond. 3. Synaptics (SYNA) upgraded to Overweight from Sector Weight at KeyBanc analyst John Vinh saying he is increasingly confident, based on supply chain conversations, that Synaptics has secured the touch controller sockets in the 2020 OLED iPhones, which he estimates could add $2 in incremental EPS. 4. Business First Bancshares (BFST) upgraded to Buy from Neutral at DA Davidson with analyst Kevin Fitzsimmons saying he has a more "constructive" stance on the bank entering 2020, stating that the net interest margin pressure is a "diminishing headwind." 5. Occidental Petroleum (OXY) upgraded to Hold from Sell at Tudor Pickering. 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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