Buy Alert: 10 Stocks Analysts Upgraded on Thursday

8. Mid Penn Bancorp (NASDAQ:MPB)

Average Upside Potential: 14%

Number of Hedge Fund Holders: 15

Raymond James raised Mid Penn Bancorp to Strong Buy from Outperform on November 12, lifting its price target to $42 from $39. The firm expects the bank’s recent senior management hires from TD Bank to speed up growth and improve earnings over time. It added that investments in bankers and infrastructure will lift expenses in the near term. Mid Penn, based in Harrisburg, Pennsylvania, offers banking, financing, and planning services to individuals, businesses, and nonprofits.

The bank reported third-quarter 2026 results on October 21. Total loans grew 16.9% from a year earlier to $5.6 billion, with the 1st Colonial acquisition accounting for much of the increase. Earnings were $0.84 per diluted share, up from a year earlier, helped by the William Penn and 1st Colonial acquisitions. Deposits grew during the third quarter of 2026, led by interest-bearing transaction accounts, while time deposits and noninterest-bearing deposits declined. The board declared a quarterly cash dividend, the bank’s 64th consecutive quarterly payout. Mid Penn trades at a forward price-to-earnings ratio of 9.78.

Readers following the group can find more banking names in our list of the best bank stocks to buy according to billionaires.

7. Cleveland-Cliffs (NYSE:CLF)

Average Upside Potential: 15%

Number of Hedge Fund Holders: 53

On November 12, Barclays upgraded Cleveland-Cliffs to Equal Weight from Underweight and raised its price target to $15 from $12, citing expectations for tight steel supply and strong demand. Cleveland-Cliffs is a North America-based steel producer focused on value-added sheet products, especially for automakers. It is vertically integrated, from iron ore mining and pellet production through steelmaking and downstream finishing, stamping, tooling, and tubing.

The company reported third-quarter 2026 results on October 19. It earned net income of $165 million, a swing from a net loss of $134 million in the second quarter. Adjusted EBITDA was $612 million, above the company’s own guidance.

Chairman and Chief Executive Officer Lourenco Goncalves said selling prices, shipment volumes, and unit costs all moved in the right direction from the second quarter. He said imports remain well below historical levels and customers increasingly value a domestic supply chain. Based on contracts already signed, he expects 2027 adjusted EBITDA to exceed $4 billion. He also said a major debt reduction is expected in the fourth quarter of 2026.

Read our analysis on Cleveland-Cliffs (CLF) here: its strongest quarter in three years

6. MDU Resources Group (NYSE:MDU)

Average Upside Potential: 18%

Number of Hedge Fund Holders: 32

Freedom Broker upgraded MDU Resources to Buy from Hold on November 12 and raised its price target to $23 from $21. It cited the Bakken East pipeline project, which it said adds about $1.30 per share to MDU’s valuation. MDU runs electric and natural gas utilities in Montana, North Dakota, South Dakota, Wyoming, and other states, along with pipeline operations.

The company reported third-quarter 2026 results on November 5. Net income was $14.0 million, down from a year earlier. MDU reaffirmed its 2026 earnings guidance of $0.93 to $1.00 per share.

Chief Executive Officer Nicole Kivisto said electric utility earnings rose on new rates, the Badger Wind Farm, and higher retail sales volumes. She also said the company continued to execute its CORE strategy during the third quarter of 2026. Natural gas distribution and pipeline results fell on the decision to discontinue the Knott Landfill renewable natural gas project. Advisory costs tied to the Bakken East Pipeline also weighed on them. MDU also made a positive final investment decision on Bakken East, which Kivisto said positions the company well for long-term growth.

5. Advanced Micro Devices (NASDAQ:AMD)

Average Upside Potential: 24%

Number of Hedge Fund Holders: 164

On November 12, William Blair upgraded Advanced Micro Devices to Outperform from Market Perform. The firm pointed to scrutiny and a possible leadership vacuum at Nvidia as an opening for AMD to win share in AI chips. It expects AMD revenue to rise more than 80% in 2027. AMD designs the processors, accelerators, and graphics chips used in data centers, PCs, and game consoles.

The company reported third-quarter 2026 results on November 3. Revenue was $13.4 billion, up 45% from a year earlier. Data Center revenue set a record at $8.5 billion, on sales of EPYC server processors and the launch of the Instinct MI450 Series GPUs. Client revenue also rose, helped by Ryzen mobile processors, and Embedded revenue grew on aerospace and defense, automotive, communications, and industrial demand. Gaming was the weak spot, with revenue down 40% on lower semi-custom and graphics sales.

AMD guided fourth-quarter 2026 revenue to about $17 billion and said it expects growth to accelerate. On forward earnings, AMD carries a price-to-earnings ratio of 29.67.

Read our latest analysis on Advanced Micro Devices (AMD) here: how its premium valuation puts execution under the microscope