Research Analysts’ Upgrades for August, 21st (ACB, BR, DLPN, DSGX, ETSY, FTDL, GPX, ITRM, NEW, SYKE)

Research Analysts’ upgrades for Wednesday, August 21st:

Aurora Cannabis (NYSE:ACB) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.

Broadridge Financial Solutions (NYSE:BR) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.

Dolphin Entertainment (NASDAQ:DLPN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $1.00 target price on the stock. According to Zacks, “Dolphin Entertainment, Inc. is engaged in production of digital content. The company’s operating segment consists of Dolphin Digital Media and Dolphin Digital Studios. Dolphin Digital Media segment creates and manages social networking websites for children. It has developed Dolphinsecure.com, which is a secure website for children using fingerprint reader technology. Dolphin Digital Studios segment creates original programming that premieres online, with an initial focus on content geared toward tweens and teens. It also provides production services to a related party. Dolphin Entertainment Inc., formerly known as Dolphin Digital Media Inc., is headquartered in Coral Gables, FL. “

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Descartes Systems Group Inc. a leading provider of software-as-a-service logistics solutions. It is delivering results across the globe today for organizations that operate logistics-intensive businesses. Descartes’ logistics management solutions combine a multi-modal network, the Descartes Global Logistics Network, with component-based ‘nano’ sized applications to provide messaging services between logistics trading partners, book-to-bill services for contract carriers and private fleet management services for organizations of all sizes. These solutions and services help Descartes’ customers reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven and improve pick up and delivery reliability. Descartes Systems Group Inc. is headquartered in Waterloo, Canada. “

Etsy (NASDAQ:ETSY) was upgraded by analysts at Stifel Nicolaus from a hold rating to a buy rating. Stifel Nicolaus currently has $70.00 target price on the stock. The analysts wrote, “We are upgrading shares of and retaining our $70 target price. Since Etsy reported second quarter results in early August, shares have declined by ~20% (versus the S&P down ~1%). While GMS exceeded expectations in the quarter, revenue came in slightly below estimates due to lower-than-expected seller services revenue. Also, more short-term-oriented momentum investors may have exited positions as the company comps its price increases beginning in 3Q:19. We think concerns are transitory and would take advantage of the pullback in this emerging leader in 3P eCommerce. Our note summarizing 2Q:19 results can be found here.””

Firstime Design (OTCMKTS:FTDL) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.

GP Strategies (NYSE:GPX) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.

Iterum Therapeutics (NASDAQ:ITRM) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.

Puxin (NYSE:NEW) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.

Sykes Enterprises (NASDAQ:SYKE) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.

Teekay Offshore Partners (NYSE:TOO) was upgraded by analysts at ValuEngine from a strong sell rating to a sell rating.

Wayfair (NYSE:W) was upgraded by analysts at Stifel Nicolaus from a hold rating to a buy rating. They currently have $150.00 price target on the stock. The analysts wrote, “We believe Wayfair’s overall results are complicated by very heavy investment in its international operations overshadowing the beginnings of a positive profit ramp in the U.S. business. In 2019, we forecast U.S. EBITDA margin of -1.1% and International EBITDA margin of -22.4%. For 2020, our margin estimates are +0.5% and -15.1%, respectively. International accounts for approximately 15% of total company revenue.””

Westlake Chemical (NYSE:WLK) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.

Zagg (NASDAQ:ZAGG) was upgraded by analysts at ValuEngine from a strong sell rating to a sell rating.

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