The most talked about and market moving research calls around Wall Street are now in one place.
Here are today’s research calls that investors need to know, as compiled by The Fly
Top 5 Upgrades: – Stephens upgraded Varonis (VRNS) to Overweight from Equal Weight with a price target of $45, up from $33. The firm, which views yesterday’s media report regarding potential private equity interest as “further validation of our view that Varonis shares remain undervalued,” says its upgrade is based on fundamentals. – KeyBanc upgraded Nucor (NUE) to Overweight from Sector Weight with a $274 price target. KeyBanc views Nucor shares as “compelling” following the 10% selloff over the last six trading days. – Citi upgraded Macerich (MAC) to Buy from Neutral with a price target of $28, up from $24, citing progress on the company’s “Path Forward Plan” leasing target. – Wells Fargo upgraded Invitation Homes (INVH) to Overweight from Equal Weight with a price target of $33, up from $31.
Wells also names Invitation one of its top residential picks into Q2 earnings. The spring leasing season turned out better than feared, and the 21st Century ROAD to Housing Act will add more investment opportunities, the analyst tells investors in a research note. – Morgan Stanley upgraded Telecom Argentina (TEO) to Overweight from Equal Weight with a price target of $17, up from $13. Since last week’s remedies announcement related to the acquisition of TEF Argentina, the stock has sold-off by 11% on lower than expected M&A benefits that the stock had not priced in, but the selloff is “overdone,” the analyst tells investors.