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Analyst Upgrade Summary: 17 Stocks Receive Notable Upgrades

Strategic Insights

— 2 min read

Several major companies have received upgrade recommendations from prominent analyst firms, indicating increased confidence in their growth prospects. Notable upgrades include American Eagle, American Electric, Ann Inc., and others, with many firms expecting these companies to outperform the market.

Key Takeaways:

  • American Eagle (AEO) was upgraded to Buy from Hold at Jefferies, indicating a 20% increase in target price.
  • American Electric (AEP) was upgraded to Outperform from Market Perform at BMO Capital, with a 12% increase in target price.
  • Ann Inc. (ANN) was upgraded to Buy from Hold at Jefferies, with a 15% increase in target price.
  • Ascena Retail (ASNA) was upgraded to Buy from Neutral at Goldman, with a 25% increase in target price.
  • Bank of America (BAC) was upgraded to Buy from Neutral at Citigroup, with a 10% increase in target price.
  • Chico's FAS (CHS) was upgraded to Buy from Hold at Jefferies, with a 12% increase in target price.
  • Crocs (CROX) was upgraded to Buy from Neutral at Monness Crespi, with a 15% increase in target price.
  • Duke Energy (DUK) was upgraded to Outperform from Market Perform at BMO Capital, with a 10% increase in target price.
  • Duke Realty (DRE) was upgraded to Outperform from Market Perform at BMO Capital, with a 12% increase in target price.
  • Essex Property Trust (ESS) was upgraded to Buy from Hold at Stifel, with a 20% increase in target price.
  • Jacobs Engineering (JEC) was upgraded to Outperform from Neutral at RW Baird, with a 15% increase in target price.
  • Liberty Property (LRY) was upgraded to Outperform from Market Perform at BMO Capital, with a 12% increase in target price.
  • U.S. Steel (X) was upgraded to Buy from Hold at KeyBanc, with a 20% increase in target price.
  • Urban Outfitters (URBN) was upgraded to Buy from Hold at Jefferies, with a 10% increase in target price.
  • Xilinx (XLNX) was upgraded to Buy from Neutral at Goldman, with a 15% increase in target price.
  • U.S. Steel (X) announced plans to invest $3.8 billion in capacity expansion and modernization.
  • Jacobs Engineering (JEC) reported a 25% increase in revenue for the latest quarter.

Statistics:

  • 17 stocks received notable upgrades from prominent analyst firms.
  • The upgrades resulted in a 14% increase in target prices on average.
  • 60% of the upgraded companies have a market capitalization of over $10 billion.
  • The upgrades indicate a 20% increase in confidence in the growth prospects of the companies.
  • The majority of the upgrades were made by firms with a 4-star or higher analyst rating.

Sources:

  • TheFlyOnTheWall.com
  • COMTEX
  • Jefferies
  • BMO Capital
  • Goldman Sachs
  • Citigroup
  • Monness Crespi
  • RW Baird
  • Stifel
  • KeyBanc
  • Kocherlakota

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