Wall Street analysts bet on a bottom and upgrade more stocks, including Disney and Beyond Meat

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New for subscribers: Wall Street analysts bet on a bottom and upgrade more stocks, including Disney and Beyond Meat Check out CNBCPro and get your first 30 days free.

Atlantic Equities said in its upgrade of the stock that the "negative price action" was "overdone."'s past performance during recessions, we are reducing 2021/2022 EPS from $5.91/$6.54 to $4.21/$4.61 respectively as we assume coronavirus issues ease towards the year end but are replaced by a recession.

"We view Major Pharma as relatively attractive given its defensive qualities. Companies continue to have solid financial prospects despite some impacts due to COVID-19, offer attractive dividend yields, and can capitalize on lower biotech industry valuations & enhance pipelines via M&A. Upgrading

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