Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. ManpowerGroup (MAN) upgraded to Outperform from Market Perform at BMO Capital with analyst Jeffrey Silber citing his expectations for a European economic recovery, even it is expected to be "choppy" in the near term. 2. CF Industries (CF) upgraded to Overweight from Equal Weight at Stephens with analyst Mark Connelly saying the nitrogen cost curve has already flattened and the risk of further flattening is down significantly with China's economy outperforming others and re-opening helping western energy markets. 3. PNC Financial (PNC) upgraded to Neutral from Sell at UBS with analyst Saul Martinez noting that as the company's excess capital gets deployed, its earnings and profitability will "shift higher." 4. Rockwell Automation (ROK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Joshua Pokrzywinski saying he believes the developing capital spending recovery will be more targeted to productivity, automation, and industrial software than capacity, arguing that "the COVID environment is the straw that broke the C-suites's back on both near-shoring and the convergence" of Information Technology and Operational Technology. 5. Gap (GPS) upgraded to Overweight from Neutral at JPMorgan with analyst Matthew Boss saying the stock has underperformed the S&P 500 by 50% the past three years and it trading at five-times EBITDA, commensurate with "distressed retail." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.