Notable Upgrades: Noranda Aluminum Holding Corp. (NOR), Dollar Tree (DLTR), T-Mobile US (TMUS), Cal-Maine Foods (CALM)

Shares of Noranda Aluminum Holding Corp. (NOR) are surging almost 20% this morning after the stock was upgraded by Goldman Sachs (GS). The firm has a $7.00 price target on the stock, up from their previous price target of $4.80, which suggests a potential upside of 65% from the stock’s previous close.

NOR shares are up 80 cents to $5.02. The stock is up more than 79% year-over-year and has gained roughly 41.64% year-to-date. In the past 52 weeks, shares of the Franklin, Tennessee-based aluminum producer have traded between a low of $2.21 and a high of $5.08.

Noranda Aluminum Holding Corp., which closed Thursday down 13 cents to $4.24, has a total market cap of $333.93M.

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 UBS initiated coverage on shares of Dollar Tree, Inc. (DLTR) in a note issued to investors on Friday. The firm set a ‘Buy’ rating and a $68.00 price target on the stock.

DLTR shares are currently priced at 19.97x this year’s forecasted earnings compared to the industry’s -9.31x earnings multiple. Ticker has a forward P/E of 15.98 and T-12 price-to-sales ratio of 1.40. EPS for the same period is 2.81.

In the past 52 weeks, shares of the Chesapeake, Virginia-based firm have traded between a low of $49.59 and a high of $60.19 and are now at $55.68 . Shares are up 2.6% year-over-year; down 0.69% 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.

T-Mobile US (TMUS) shares jumped Friday, after the company’s stock was upgraded by analysts at Argus to a ‘Buy’ from ‘Hold’. The firm also set its price target on the stock to $40/share, which represents a potential upside of 32% from its Thursday close.

TMUS shares recently rose $0.16 to $30.61. In the past 52 weeks, shares of the Bellevue, Washington-based company, which provides mobile communications services under the T-Mobile, MetroPCS, and GoSmart brands in the US, Puerto Rico, and the U.S. Virgin Islands, have traded between a low of $24.50 and a high of $35.50. Shares are up 20.79% year-over-year ; down 8.65% 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 Sidoti upgraded their rating on the shares of Cal-Maine Foods, Inc. (CALM) to ‘Buy’ from ‘Neutral’ in a research report issued to clients and investors on Friday. CALM closed at $81.47 yesterday.

Cal-Maine Foods, Inc. shares are currently priced at 27.36x this year’s forecasted earnings compared to the industry’s 18.76x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.92 and 16.21, respectively. Price/Sales for the same period is 1.37 while EPS is 3.06. Currently there are 0 analysts that rate CALM a ‘Strong Buy’, 0 rate it a ‘Buy’ and 2 rate it a ‘Hold’. No analysts rate it a sell. CALM has a median Wall Street price target of $78.50 with a high target of $87.00.

In the past 52 weeks, shares of the Jackson, Mississippi-based company have traded between a low of $46.55 and a high of $83.84 and are now at $83.49 . Shares are up 80.36% year-over-year and 39.33% 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.

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