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Banking industry

Analyst Upgrade Summary: May 11, 2015

Strategic Insights

— 1 min read

On May 11, 2015, several analyst upgrades were announced for various companies, including Alcatel-Lucent, Caterpillar, Cisco, Evolution Petroleum, Hecla Mining, Joy Global, Monster Beverage, Nokia, On Deck Capital, Royal Caribbean, SMC, Sally Beauty, Southwestern Energy, Sprouts Farmers Markets, Suburban Propane, Suffolk Bancorp, Syngenta, Triumph Group, United Natural Foods, Web.com, and Zillow Group.

Key Takeaways:

  • Alcatel-Lucent (ALU) was upgraded to Outperform from Neutral at Exane BNP Paribas.
  • Caterpillar (CAT) was upgraded to Outperform at Baird.
  • Cisco (CSCO) was upgraded to Outperform with a $36 target at Pacific Crest.
  • Evolution Petroleum (EPM) was upgraded to Outperform from Market Perform at Northland.
  • Hecla Mining (HL) was upgraded on hedging discipline at Roth Capital.
  • Joy Global (JOY) was upgraded to Outperform from Neutral at Baird.
  • Monster Beverage (MNST) was upgraded to Buy from Neutral at Citigroup.
  • Nokia (NOK) was upgraded to Outperform from Neutral at Exane BNP Paribas.
  • On Deck Capital (ONDK) was upgraded to Neutral from Sell at Sterne Agee CRT.
  • Royal Caribbean (RCL) was upgraded to Outperform from Neutral at Wedbush.
  • SMC (SMECF) was upgraded to Buy from Neutral at Goldman.
  • Sally Beauty (SBH) was upgraded to Outperform from Market Perform at Raymond James.
  • Southwestern Energy (SWN) was upgraded to Overweight from Equal Weight at Barclays.
  • Sprouts Farmers Markets (SFM) was upgraded to Outperform at BMO Capital.
  • Suburban Propane (SPH) was upgraded on positive outlook at Stifel.
  • Suffolk Bancorp (SUBK) was upgraded to Outperform from Market Perform at Keefe Bruyette.
  • Syngenta (SYT) was upgraded to Buy from Neutral at UBS.
  • Triumph Group (TGI) was upgraded to Outperform from Sector Perform at RBC Capital.
  • United Natural Foods (UNFI) was upgraded to Overweight from Equal Weight at Stephens.
  • Web.com (WWWW) was upgraded to Buy from Hold at Deutsche Bank.
  • Zillow Group (Z) was upgraded to Buy from Neutral at SunTrust.

Statistics:

  • 21 companies received upgrades on May 11, 2015.
  • Cisco was targeted at $36.
  • 10 companies were upgraded to Outperform.
  • 5 companies were upgraded to Buy.
  • 3 companies were upgraded to Overweight.
  • 2 companies were upgraded to Neutral.
  • 1 company was upgraded on hedging discipline.

Sources:

  • TheFlyOnTheWall.com
  • COMTEX

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