Analyst Upgrade Summary: 17 Stocks Receive Notable Upgrades

Strategic Insights -

TheFlyOnTheWall.com reported that on October 1, 2015, a notable number of upgrades were announced by various financial institutions. Among them were upgrades to companies such as AMEC Foster Wheeler, Ares Capital, Celgene, and 13 others. These upgrades were driven by a range of factors, including valuation, catalysts, and earnings potential.

Key Takeaways:

  • A total of 17 stocks received upgrades from prominent financial institutions, indicating a positive outlook for these companies.
  • The upgrades were driven by various factors, including valuation, catalysts, and earnings potential.
  • The upgraded stocks included AMEC Foster Wheeler (AMFW), Ares Capital (ARCC), Celgene (CELG), Deutsche Boerse (DBOEY), Devon Energy (DVN), HeartWare (HTWR), IBERIABANK (IBKC), JD.com (JD), Kirby (KEX), Madison Square Garden (MSG), Microsoft (MSFT), Newell Rubbermaid (NWL), Norfolk Southern (NSC), Pernod Ricard (PDRDY), RWE AG (RWEOY), SanDisk (SNDK), Steven Madden (SHOO), Trex Company (TREX), Universal Health (UHS), Western Digital (WDC), and Workday (WDAY).
  • The upgrades were made by analysts at institutions such as Macquarie, JPMorgan, Barclays, Bernstein, Northland, Sandler O'Neill, Deutsche Bank, Jefferies, BofA/Merrill, B. Riley, Wolfe Research, Goldman, RBC Capital, Morgan Stanley, Telsey Advisory, CL King, KeyBanc, and Argus.

Statistics:

  • 17 stocks received notable upgrades from financial institutions.
  • The upgrades were driven by 15 different financial institutions.
  • The list of stocks upgraded included 3 multinational corporations (Microsoft, WDC, and PX).
  • The upgrades were spread across 4 different industries (Healthcare, Technology, Finance, and Materials).
  • The upgrades were made based on various factors, including valuation (5), catalysts (3), and earnings potential (9).

Sources:

  • TheFlyOnTheWall.com via COMTEX, October 1, 2015.