Stock Analysts’ upgrades for Thursday, November 2nd:

AMS AG (NASDAQ:AMSSY) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating.

Tesoro Corporation (NYSE:ANDV) was upgraded by analysts at Evercore ISI from an in-line rating to an outperform rating.

The Cheesecake Factory (NASDAQ:CAKE) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Cheesecake Factory’s third-quarter fiscal 2017 adjusted earnings per share of 56 lagged the Zacks Consensus Estimate by 6.7% and declined 20% year over year. Sales of $555.4 million also fell short of the consensus mark by 1.3% and decreased 0.8% year over year. Notably, a lowered fiscal 2017 outlook and reversal in positive comps trend due to prevailing challenging restaurant environment are concerning. Meanwhile, higher labor and pre-openings costs coupled with expenses related to sales initiatives are likely to pressurize profits in the near term. Cheesecake Factory’s shares have underperformed the industry in the past year. Even so, various initiatives to boost sales like menu innovation, roll-out of an improved server training program, launch of mobile payment app and focus on delivery bode well.”

Chemed Corp. (NYSE:CHE) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $251.00 target price on the stock. According to Zacks, “Chemed exited the third quarter 2017 on a promising note with earnings and revenues ahead of the respective Zacks Consensus Estimate. The company’s both the subsidiaries saw year-over-year revenue growth. Also, the guidance raise backed by the company's expectations of significant gains from its Roto-Rooter business buoys optimism. This business has witnessed consistent growth banking on strong performance within core plumbing and drain cleaning service segments, as well as solid growth in water restoration. The expansion in gross and operating margin buoy optimism. Chemed has been observed to trade above the broader industry over the past three months. However, headwinds like reimbursement related issues, seasonality in business, a competitive landscape and dependence on government mandate pose challenges for Chemed. Moreover, over 90% of VITAS’ revenues consist of payments from the Medicare and Medicaid programs which further intensif”

CyrusOne (NASDAQ:CONE) was upgraded by analysts at UBS AG from a neutral rating to an overweight rating.

Care.com (NYSE:CRCM) was upgraded by analysts at Roth Capital from a neutral rating to a buy rating.

General Mills (NYSE:GIS) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “General Mills' consumer-focused innovation, marketing initiatives and robust restructuring savings are making up for the sluggish revenue growth. The company is currently pursuing several initiatives focused on improving operational efficiency to generate cost savings and support its key growth strategies. By fiscal 2018, the company expects to achieve cost savings through increased efficiency, reduced complexity through SKU optimization, further supply chain optimization and continued expansion of zero-based budgeting across the business, which will result in accelerated margin expansion. However, General Mills' shares have underperformed the industry so far this year. Slowing organic volumes are overshadowing minor improvements in profit margins. Earnings estimates for the current quarter and the year have been revised downward by 3.5% and 1%, respectively, over the last 60 days, reflecting analyst concerns surrounding the stock.”

Inmarsat PLC (OTC:IMASY) was upgraded by analysts at Berenberg Bank from a sell rating to a hold rating.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) was upgraded by analysts at Royal Bank Of Canada from an underperform rating to a sector perform rating. The firm currently has C$40.00 target price on the stock.

Kirkland Lake Gold (NYSE:KL) was upgraded by analysts at Scotiabank from a sector perform rating to an outperform rating.

La Quinta Holdings (NYSE:LQ) was upgraded by analysts at UBS AG from a hold rating to a buy rating.

MICHELIN (CGDE) (OTC:MGDDY) was upgraded by analysts at Jefferies Group LLC from a hold rating to a buy rating.

Marathon Oil Corporation (NYSE:MRO) was upgraded by analysts at Societe Generale from a hold rating to a buy rating.

Northgate Plc (OTC:NGTEF) was upgraded by analysts at Berenberg Bank from a sell rating to a hold rating.

Toll Brothers (NYSE:TOL) was upgraded by analysts at KeyCorp to an overweight rating. KeyCorp currently has $52.00 target price on the stock, up from their previous target price of $44.55. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Andeavor (NYSE:TSO) was upgraded by analysts at Evercore ISI to a buy rating. They currently have $128.00 price target on the stock.

Ubm Plc (OTCMKTS:UBMOF) was upgraded by analysts at J P Morgan Chase & Co from a neutral rating to an overweight rating.

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