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Fly News Breaks for February 13, 2020
CAT, CMI, PM, AMAT, ATUS, SHOP
Feb 13, 2020 | 10:09 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cummins (CMI) and Caterpillar (CAT) upgraded to Buy from Neutral at Goldman Sachs. 2. Shopify (SHOP) upgraded to Buy from Neutral at PI Financial. 3. Philip Morris (PM) upgraded to Outperform from Market Perform at Cowen with analyst Vivien Azer saying the company has generated accelerating user growth and better geographic diversity, and with new markets approaching inflection points the stock's risk/reward is attractive. 4. Applied Materials (AMAT) upgraded to Buy from Neutral at DA Davidson with analyst Thomas Diffely saying the earnings call not only echoed positive industry comments regarding the recovery of NAND memory gaining momentum in the first half of 2020, but also marked the start of a DRAM recovery in 2020. 5. Altice USA (ATUS) upgraded to Strong Buy from Outperform at Raymond James with analyst Frank Louthan saying Altice represents a strong FCF growth story over the next few years as management has removed cost and can begin to reap the benefits of network upgrades, SME expansion, advertising and mobile. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link
News For SHOP;CAT;CMI;PM;AMAT;ATUS From the Last 2 Days
ATUS
Feb 14, 2020 | 16:34 EST
David Einhorn's Greenlight Capital disclosed in an SEC filing its holdings as of December 31, 2019. The fund's one new buy during the fourth quarter was DXC Technology (DXC). Greenlight exited two positions during the quarter, namely Dillard's (DDS) and Voya Financial (VOYA). The fund increased its stake in two holdings, namely Chemours (CC) and EchoStar (SATS). Greenlight reduced its stake in six holdings, including by size of previous position Altice USA (ATUS), Tempur Sealy (TPX), Consol Energy (CEIX), Scientific Games (SGMS), and AerCap (AER). The firm's top holdings as of December 31, in order of size, were Green Brick (GRBK), General Motors (GM), AerCap, BrightHouse Financial (BHF), and Chemours.