Notable Upgrades: Apple Inc (AAPL), Scorpio Bulkers (SALT), Star Bulk Carriers (SBLK), Royal Caribbean Cruises (RCL), Taser International (TASR)

Shares of Scorpio Bulkers Inc. (SALT) are up 2.26% to $8.14 in pre-market trading Wednesday. The gain may be attributed to a ‘Buy’ initiation and a $13.00 price target at Jefferies, which represents expected upside of 63.31% to the stock’s previous closing price of $7.96. In the past 52 weeks, SALT has traded between a low of $7.56 and a high of $10.73. Ticker is down 16.21% year-over-year, and 20.1% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Shares of Star Bulk Carriers Corp. (SBLK) are up almost 3% to $14.35 in pre-market trading Wednesday after the company was initiated with a ‘Buy’ rating and a $21.00 price target at Jefferies. Currently there are 3 analysts that rate Star Bulk shares a ‘Strong Buy’, 3 rate it a ‘Buy’ and 1 rates it a ‘Hold’. No analysts rate it a ‘Sell’. The shipping company has a median Wall Street price target of $18.00 with a high target of $22.00. Jefferies new price target represents expected upside of 50.53% to the stock’s previous closing price of $13.95. In the past 52 weeks, SBLK has traded between a low of $7.72 and a high of $15.88. Ticker is up 70.75% year-over-year and 4.65% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Analysts at Oppenheimer assumed coverage of Apple Inc (AAPL) with a ‘Perform’ rating in a research report issued to clients on Wednesday. The firm cited continued steady performance and good execution within the tech giant’s current product categories. Apple closed at $103.30 at the end of Tuesday’s trading session, printing a solid one-year return of about 48.42% and year-to-date return of around 29%. That’s a 62% rise from the 52-week low of $63.86.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Investment analysts at Jefferies upgraded shares of Royal Caribbean Cruises Ltd (RCL) in a note issued to investors on Wednesday. The firm set a ‘Buy’ rating and raised its price target on the stock to $73 from $58. Jefferies’s new PT would suggest a potential upside of 13.40% from the stock’s previous close of $64.37. In the past 52 weeks, RCL has traded between a low of $35.97 and a high of $64.39. Ticker is up 75.44% year-over-year, and 36% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

TASER International, Inc. (TASR) had its price target raised to $19 from $17 by analysts at JP Morgan (JPM) Wednesday. The new PT represents expected upside of 8.32% to the stock’s previous closing price of $17.54. In the past 52 weeks, TASR has traded between a low of $10.46 and a high of $20.83. Ticker is up 48.79% year-over-year and 12.15% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Be the first to comment

Leave a Reply

Your email address will not be published.


*