Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. ConocoPhillips (COP) upgraded to Buy from Neutral at Mizuho with analyst Paul Sankey saying he sees the company being among the best-positioned for the "new E&P model" after having taken major steps to improve unit cash margins via divestitures and liquids-led unconventional growth while reducing fixed cost burdens by undertaking major debt reduction and share buybacks. 2. Micron (MU) upgraded to Buy from Hold at Needham with analyst Rajvindra Gill saying that with an improved DRAM outlook for the second half of 2019, significant CapEx cuts coming in fiscal 2020, and a stabilizing book value per share of $31.89, he believes believe there is limited downside risk over the next 6-12 months. 3. AbbVie (ABBV) upgraded to Outperform from Market Perform at SVB Leerink with analyst Geoffrey Porges citing the "surprise" Allergan (AGN) acquisition announcement, and the stock's 16%-plus selloff intraday. 4. Upwork (UPWK) upgraded to Buy from Hold at Jefferies with analyst Brent Thill citing the stock's 17% year-to-date decline, which he believes has improved the risk/reward balance for the stock. 5. Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum with analyst Christian Schwab citing Micron's (MU) positive commentary and announced steps targeting supply growth discipline. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, (click here.):(http://thefly.com/streetResearch.php)

Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

Editor's Picks