Equities Research Analysts’ upgrades for Wednesday, July 17th:
Aastra Technologies (TSE: AAH) was upgraded by analysts at TD Securities from a hold rating to a buy rating. TD Securities currently has C$23.00 target price on the stock, up from their previous target price of C$21.00.
Adobe Systems (NASDAQ: ADBE) was upgraded by analysts at UBS AG from an underperform rating to a hold rating.
AFLAC (NYSE: AFL) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $62.00 target price on the stock.
AMN Healthcare Services (NYSE: AHS) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $17.00 target price on the stock.
Akzo Nobel (NASDAQ: AKZOY) was upgraded by analysts at Barclays Capital from an underweight rating to an equal weight rating.
Advanced Micro Devices (NYSE: AMD) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $5.25 target price on the stock. Zacks’ analyst wrote, “AMD is the second largest producer of microprocessors, GPUs and chipsets in the world. Its first quarter earnings were better than the Zacks Consensus Estimate, driven by solid execution and cost control management. It is true that Intel remains a strong competitor with superior strategy, technological prowess and the clout that may be expected of the market leader. Competition from ARM is also expected to increase. However, notwithstanding its cash burn rate and significant leverage, AMD may be able to carve out its own niche, especially since it has now won sockets in each of the new game consoles. Its new products, strength in graphics, and position in China look increasingly positive in this environment. We are therefore upgrading AMD shares from Neutral to Outperform.”
Ansys (NASDAQ: ANSS) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $80.00 price target on the stock.
Burger King Worldwide (NYSE: BKW) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $21.50 price target on the stock.
BRT Realty Trust (NYSE: BRT) was upgraded by analysts at TheStreet to a hold rating.
Carpetright PLC (LON: CPR) was upgraded by analysts at N+1 Singer from a sell rating to a hold rating. N+1 Singer currently has GBX 710 ($10.72) price target on the stock.
Innergex Renewable Energy (TSE: INE) was upgraded by analysts at Jacob Securities from a hold rating to a buy rating.
Innovative Solutions And Support (NASDAQ: ISSC) was upgraded by analysts at TheStreet from a hold rating to a buy rating. The analysts wrote, “Innovative Solutions and Support (ISSC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Iteris (NYSE: ITI) was upgraded by analysts at TheStreet to a buy rating.
Memorial Production Partners LP (NASDAQ: MEMP) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $21.20 price target on the stock.
NGL Energy Partners (NYSE: NGL) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. Zacks currently has $29.80 price target on the stock.
Nexstar Broadcasting Group (NASDAQ: NXST) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $40.30 price target on the stock.
Old Second Bancorp (NASDAQ: OSBC) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. The firm currently has $6.80 target price on the stock.
Pengrowth Energy Corp (TSE: PGF) was upgraded by analysts at Cormark from a market perform rating to a buy rating.
Pier 1 Imports (NYSE: PIR) was upgraded by analysts at Argus from a hold rating to a buy rating. Argus currently has $27.00 price target on the stock.
Rentech (NYSE: RTK) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $2.30 price target on the stock.
Ryanair Holdings plc (NASDAQ: RYAAY) was upgraded by analysts at JPMorgan Chase & Co. from an underweight rating to an overweight rating.
Silicon Laboratories (NASDAQ: SLAB) was upgraded by analysts at TheStreet from a hold rating to a buy rating. The analysts wrote, “Silicon Laboratories (SLAB) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Super Micro Computer (NASDAQ: SMCI) was upgraded by analysts at TheStreet from a hold rating to a buy rating. The analysts wrote, “Super Micro Computer (SMCI) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
Simpson Manufacturing (NYSE: SSD) was upgraded by analysts at TheStreet from a hold rating to a buy rating. The analysts wrote, “Simpson Manufacturing (SSD) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.”
Sunedison (NASDAQ: SUNE) was upgraded by analysts at TheStreet from a sell rating to a hold rating. The analysts wrote, “SunEdison (SUNE) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.”
Telefonica SA (NYSE: TEF) was upgraded by analysts at Macquarie from an underperform rating to a neutral rating.
TOTAL S.A. (NYSE: TOT) was upgraded by analysts at Nomura from a neutral rating to a buy rating.
Webster Financial Corp. (NYSE: WBS) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $29.10 price target on the stock.
Yadkin Financial Corp (NASDAQ: YDKN) was upgraded by analysts at TheStreet from a hold rating to a buy rating. The analysts wrote, “Yadkin Financial (YDKN) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, expanding profit margins, notable return on equity and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
This article (Equities Research Analysts’ Upgrades for July, 17th (AAH, ADBE, AFL, AHS, AKZOY, AMD, ANSS, BKW, BRT, CPR)) was originally developed by and is property of American Banking News.
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