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Fly News Breaks for August 13, 2019
PYPL, EXC, CNP, TSG, BAP, MELI
Aug 13, 2019 | 10:36 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. PayPal (PYPL) upgraded to Neutral from Sell at Guggenheim with analyst Jeff Cantwell saying the 11% pullback since July 26 has brought the stock below the analyst's previous price target of $104. 2. Exelon (EXC) and CenterPoint Energy (CNP) upgraded to Overweight from Equal Weight at Barclays. 3. The Stars Group (TSG) upgraded to Buy from Hold at Desjardins with analyst Maher Yaghi citing yesterday's decline in the stock after the company gave lower than expected guidance, calling yesterday's 19% pullback "excessive." 4. Credicorp (BAP) upgraded to Overweight from Neutral at JPMorgan and to Buy from Hold at HSBC. 5. MercadoLibre (MELI) upgraded to Overweight from Neutral at JPMorgan with analyst Andre Baggio saying the stock yesterday declined 10%, mostly on investor concerns on the political environment in Argentina, which could lead to policy discontinuity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.