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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 10:20 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Square (SQ) upgraded to Buy from Hold at Canaccord with analyst Joseph Vafi saying momentum in the consumer side of Square's business is quickly moving it to "center stage," even though the company remains predominantly "seller-centric." 2. Logitech (LOGI) upgraded to Overweight from Neutral at JPMorgan with analyst Paul Chung saying the stock has pulled back 18% since posting "solid fiscal Q3 results and its valuation multiples now look attractive, trading at a 10% discount to three year averages. 3. Toll Brothers (TOL) upgraded to Outperform from Neutral at Wedbush with analyst Jay McCanless saying Wednesday's selloff in the shares was caused by delays in the company's delivery schedule as well as a lower gross margin profile for the balance of fiscal year 2020 versus consensus estimates. 4. TJX (TJX) upgraded to Buy from Hold at Gordon Haskett with analyst Chuck Grom calling TJX a "tier 1 name in a tier 1 retail vertical" following yesterday's Q4 results. 5. Rite Aid (RAD) upgraded to Neutral from Sell at Guggenheim with analyst Glen Santangelo saying given what he sees as "very low expectations," he believes management will outline a number of accomplishments and strategic initiatives that may be well received by investors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.