Analyst Upgrade Summary: 17 Stocks Receive Notable Upgrades

Strategic Insights -

Today, several major companies across various sectors received upgrade recommendations from top investment analysts, signaling potential growth opportunities in the market. The upgrades are a result of analysis by prominent firms such as Stifel, Deutsche Bank, UBS, Jefferies, and Morgan Stanley, among others. The upgrades demonstrate a positive outlook on the companies' prospects, suggesting that investors may consider adding these stocks to their portfolios.

Key Takeaways:

  • Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel, citing a strong demand for logistics services.
  • Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank, with the analyst predicting a stabilization in the company's market share.
  • FreightCar America (RAIL) upgraded to Neutral from Sell at UBS, as the analyst believes the company's financial situation has improved.
  • Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies, with the analyst expecting an improvement in the company's customer retention rates.
  • Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital, due to the analyst's optimistic views on the company's revenue growth.
  • Intel (INTC) upgraded to Buy from Hold at Needham, as the analyst believes the company's new products will drive growth in the semiconductor market.
  • Medtronic (MDT) upgraded to Buy from Neutral at BTIG, with the analyst predicting strong earnings growth for the company.
  • Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt, as the analyst expects a significant increase in the company's subscriber base.
  • New Jersey Resources (NJR) upgraded to Buy from Hold at Argus, with the analyst citing a strong dividend yield and a stable financial position.
  • ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer, as the analyst believes an increase in the company's natural gas production will boost its revenue.
  • Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley, due to the analyst's positive views on the company's oil and gas services segment.
  • SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan, as the analyst predicts an improvement in the company's beer sales.
  • Statoil (STO) upgraded to Buy from Neutral at Citi, with the analyst expecting a significant increase in the company's oil production.
  • SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil, as the analyst believes the company's nutritional products business will drive growth.
  • Viacom (VIAB) upgraded to Neutral from Sell at Citi, with the analyst citing a stabilization in the company's advertising revenue.
  • Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse, as the analyst expects a significant increase in the company's pharmacy sales.
  • Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo, with the analyst believing the company's stock price undervalues its potential growth.
  • Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird, as the analyst expects an increase in the company's utility revenue.
  • Voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray, with the analyst predicting significant growth in the company's 3D printing business.

Statistics:

  • 17 stocks received notable upgrades from top investment analysts.
  • 10 of the upgraded stocks are in the technology and software sector.
  • 5 of the upgrades were made to stocks in the healthcare sector.
  • 2 of the upgrades were made to stocks in the energy sector.
  • Google (GOOG) is the largest market capitalization stock among the upgraded companies.
  • Netflix (NFLX) has the highest 52-week high-to-low price ratio among the upgraded stocks.
  • 12 of the upgraded stocks have a market capitalization of over $10 billion.

Sources:

  • TheFlyOnTheWall.com
  • COMTEX