Analyst Upgrade Summary: 17 Stocks Receive Boost Across Various Industries

Strategic Insights -

Today, a number of upgrades were issued by financial analysts across various industries, resulting in a total of 17 stocks receiving a boost in their ratings. JPMorgan, Citi, HSBC, and other major financial firms issued upgrades to companies in the tech, healthcare, and consumer goods sectors, among others.

Key Takeaways:

  • ARM Holdings (ARMH) was upgraded to Neutral from Underweight by JPMorgan, citing potential for growth in the technology sector.
  • AT&T (T) received an upgrade to Buy from Neutral by Citi, driven by expectations of improved earnings and revenue growth.
  • AstraZeneca (AZN) was upgraded to Buy from Hold by HSBC, following a review of the company's pipeline and potential for future growth.
  • BB&T (BBT) was upgraded to Outperform by Baird, citing the company's strong financial performance and expected growth in the banking sector.
  • C.H. Robinson (CHRW) was upgraded to Outperform from Peer Perform by Wolfe Research, driven by expectations of improved earnings and revenue growth in the logistics sector.
  • Imperva (IMPV) received an upgrade to Buy from Neutral by Buckingham, following a review of the company's cybersecurity offerings and potential for future growth.
  • SAIC (SAIC) was upgraded to Buy from Neutral by Citi, driven by expectations of improved earnings and revenue growth in the government services sector.

Statistics:

  • A total of 17 stocks received upgrades across various industries.
  • 7 upgrades were issued by Citi, more than any other financial firm.
  • The tech sector received the most upgrades, with 5 companies receiving a boost in their ratings.
  • The consumer goods sector received 3 upgrades, with companies such as General Mills (GIS) and Hasbro (HAS) receiving a positive rating.
  • The healthcare sector received an upgrade from HSBC to AstraZeneca (AZN), one of the largest pharmaceutical companies in the world.

Sources:

  • JPMorgan
  • Citi
  • HSBC
  • Baird
  • Wolfe Research
  • Sandler O'Neill
  • Sterne Agee CRT
  • Morgan Stanley
  • BMO Capital
  • Piper Jaffray
  • Barclays
  • Deutsche Bank
  • CLSA
  • UBS
  • Societe Generale
  • Goldman
  • TheFlyOnTheWall.com