Information Provided By:
Fly News Breaks for December 10, 2019
PH, RDFN, MNRO, AGRO, OI
Dec 10, 2019 | 10:18 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Parker-Hannifin (PH) double upgraded to Buy from Sell at Goldman Sachs with analyst Joe Ritchie saying the market has pre-traded the bottom in the Institute for Supply Management Index faster this year than it has historically as cyclical performance has caught up to defensives. 2. Redfin (RDFN) upgraded to Buy from Neutral at DA Davidson with analyst Tom White citing his increased belief in the potential of the company's Mortgages/Title businesses, which he estimates generating up to $55M of EBITDA by 2025 and representing up to 40% of the company's total. 3. Adecoagro (AGRO) upgraded to Overweight from Neutral at JPMorgan with analyst Lucas Ferreira saying the stock's "three main value drags" are being resolved with reduced uncertainties on its capital allocation, sugar prices bouncing back after three years of surplus, and risk from Argentina's political environment now being priced into the shares. 4. Monro (MNRO) upgraded to Buy from Neutral at Guggenheim with analyst Ali Faghri citing the view that the company's store refresh initiative presents an underappreciated source of sales and earnings upside. 5. Owens-Illinois (OI) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Maguire saying he sees "clearer evidence" that the company is taking action to unlock value via asset sales and self-help. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For PH;RDFN;MNRO;AGRO;OI From the Last 2 Days
PH
Feb 19, 2020 | 08:18 EST
Industrial Select Conference 2020 will be held in Miami on February 19-20.