Today's most important upgrades

BTIG upgraded New Fortress Energy (NASDAQ: NFE) to Buy from Neutral with a price target of $50.00. Shares were up around 3% intra-day today.

While the firm views the company's FLNG units initially as an opportunistic way to increase global liquefaction capacity to deliver more LNG to Europe (management is targeting a mid-summer start-up, vs. BTIG’s mid-Q4 estimate), they believe longer term these units round out the company's portfolio making it an integrated mid-stream and downstream LNG distribution company.

Atlantic Equities upgraded LyondellBasell Industries (NYSE: LYB) to Overweight from Neutral with a price target of $110.00.

According to the firm, Q4 is likely to see a widely anticipated earnings trough but noted that despite economic uncertainty, market conditions are improving as China reopens and the US feedstock advantage is boosted by lower natural gas prices.

Shares were trading more than 2% intra-day today.

Goldman Sachs upgraded Inter & Co Inc. (NASDAQ: INTR) to Buy from Neutral while cutting its price target to $4.20 from $4.60. Share surged more than 10% intra-day today.

BofA Securities upgraded FleetCor Technologies (NYSE: FLT) to Buy from Neutral and raised its price target to $240.00 from $208.00. Shares gained around 3% intra-day today.

By Davit Kirakosyan

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