Analyst Upgrade Summary: November 30, 2015

Strategic Insights -

On November 30, 2015, a plethora of upgrades were announced across various sectors, with a strong focus on the energy and industrials markets. Investment analysts from prominent firms such as Guggenheim, Barclays, and more, upgraded numerous stocks, including several oil and gas companies, industrial leaders, and technology giants. These upgrades reflect a growing optimism in the market, as analysts anticipate improved earnings and growth prospects for the mentioned companies.

Key Takeaways:

  • Ten oil and gas companies were upgraded to Buy from Neutral at Guggenheim, including Atwood Oceanics (ATW), C&J Energy (CJES), and Diamond Offshore (DO).
  • Five technology companies were upgraded, including Fitbit (FIT), General Dynamics (GD), and Microsoft (MSFT).
  • Eleven industrials and energy companies were upgraded to Buy from Neutral at Guggenheim, including Cameron (CAM), Core Laboratories (CLB), and Transocean (RIG).
  • Pharmaceutical company Wright Medical (WMGI) was upgraded to Buy from Hold at Jefferies.
  • Seventy Seven Energy (SSE), a service company for the energy industry, was upgraded to Buy from Neutral at Guggenheim.
  • Investment company Synchrony (SYF) was upgraded on expected technical factors at BMO Capital.

Statistics:

  • 25 stocks were upgraded by various analysts on November 30, 2015, across multiple sectors.
  • 15 of these upgrades were from Neutral to Buy at Guggenheim.
  • 5 upgrades were from Equal Weight to Overweight at Barclays.
  • 4 upgrades were from Market Perform to Outperform at various firms.
  • 1 upgrade was from Hold to Buy at Jefferies.

Sources:

  • TheFlyOnTheWall.com
  • Guggenheim
  • Barclays
  • Jefferies
  • Majestic Research (Citi)
  • BMO Capital
  • Raymond James
  • BofA/Merrill
  • Canaccord
  • Scotia Howard Weil
  • Macquarie
  • Barrington