Analyst Upgrades: Micron Technology (NASDAQ:MU), Bumble (NASDAQ:BMBL), TransUnion (NYSE:TRU)

Following are the key notable upgrades by analysts on Tuesday

Evercore ISI upgraded Bumble (NASDAQ:BMBL) to Outperform from In Line with a price target of $50, down from $55. The 27% pullback in shares since the company’s Q3 EPS report on November 10 has created an attractive entry point, said the firm, who sees upside to consensus Q4 Bumble app net adds estimates and the Street’s FY22 estimates. The firm believes muted Q3 net adds are not the beginning of a market share loss trend, and the firm thinks the company’s fundamentals and long term opportunity remain largely unchanged.

Atlantic Equities upgraded TransUnion (NYSE:TRU) to Overweight from Neutral with a price target of $140, up from $125, after management provided new guidance for fiscal 2022 dilution from its pending acquisitions of Neustar and Sontiq, and the sale of its healthcare business. The firm notes anticipated dilution to fiscal 2022 earnings is much lower than feared, thanks to lower debt costs and the ability to repay higher-cost debt at a faster pace than expected. The firm says that with greater clarity into the dilution from the deals, a key headwind to a more positive view on TRU has been removed.

Mizuho upgraded Micron Technology (NASDAQ:MU) to Buy from Neutral with a price target of $95, up from $75. The firm notes recent checks indicate demand is improving across the PC, server and handset markets. The firm believes server demand could improve in Q1 of 2022 with Amazon and Google orders returning despite less than 10 week of DRAM inventory. The firm sees improving demand trends and a tailwind for memory.