Notable Upgrades: Applied Materials (AMAT), Micron Technology (MU), Baker Hughes (BHI), Monster Beverage (MNST), Apple Inc. (AAPL)

In a report published Wednesday, BofA/Merril (BAC) analysts upgraded shares of Applied Materials, Inc. (AMAT) with a ‘Buy’ from ‘Neutral’ rating. Twelve-month price target is $25 implying 30.68% expected return.

AMAT shares recently lost $0.21 to $19.13. The stock is up more than 8.59% year-over-year and has gained roughly 10.51% year-to-date. In the past 52 weeks, shares of Santa Clara, California-based chip maker have traded between a low of $16.40 and a high of $23.46.

Applied Materials has a total market cap of $23.56B.

The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included.

Micron Technology, Inc. (MU) was upgraded by JPMorgan (JPM) from a ‘Neutral’ rating to an ‘Overweight’ rating in a research note issued on Wednesday.

MU shares recently lost $0.45 to $26.94. In the past 52 weeks, shares of Boise, Idaho-based company have traded between a low of $16.30 and a high of $34.85. Shares are up 60.46% year-over-year and 25.93% year-to-date.

Baker Hughes Incorporated (BHI) had its rating hiked this morning to ‘Buy’ from ‘Neutral’ by analysts at Sterne Agee. Twelve-month base case estimate is $72. The firm’s price objective suggests a potential upside of 37% from the stock’s current pps.

On valuation measures, Baker Hughes shares are currently priced at 18.23x this year’s forecasted earnings compared to the industry’s 16.45x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.36 and 9.52, respectively. Price/Sales for the same period is 0.98 while EPS is 2.88. Currently there are 16 analysts that rate BHI a ‘Buy’, 9 rate it a ‘Hold’. 0 analysts rates it a ‘Sell’. BHI has a median Wall Street price target of $81.00 with a high target of $97.00.

In the past 52 weeks, shares of Houston, Texas-based company have traded between a low of $49.52 and a high of $75.64 and are now at $52.47. Shares are up 4.84% year-over-year ; down 4.58% year-to-date.

Analysts at Goldman Sachs (GS) added Monster Beverage Corporation (MNST) to “Conviction Buy” list.

Monster Beverage shares are currently priced at 40.28x this year’s forecasted earnings compared to the industry’s 24.66x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.33 and 30.78, respectively. Price/Sales for the same period is 6.71 while EPS is $2.33. Currently there are 5 analysts that rate MNST a ‘Buy’, while 8 rate it a ‘Hold’. MNST has a median Wall Street price target of $96.00 with a high target of $125.00.

In the past 52 weeks, shares of Corona, California-based company have traded between a low of $54.41 and a high of $97.10 and are now at $94.25. Shares are up 71.38% year-over-year and 39.41% year-to-date.

Apple Inc. (AAPL) was added to the “Best ideas” list at Morgan Stanley (MS), citing strong iPhone 6 demand and Cupertino’s expansion into new product categories.

Apple lost $0.11 to $98.64 in early trade. Approximately 6,457,086 shares have already changed hands, compared to the stock’s average daily volume of 56,533,700 shares.

On valuation-measures, shares of Apple Inc. have a trailing-12 and forward P/E of 15.91 and 13.51, respectively. P/E to growth ratio is 1.35, while t-12 profit margin is 21.64%. EPS registers at $6.20. The company has a market cap of $590.64B and a median Wall Street price target of $110.00 with a high target of $135.00.

On trading-measure, AAPL has a beta of 1.03 and a short float of 1.63%. In the past 52 weeks, shares of the iPhone maker have traded between a low of $70.51 and a high of $103.74 with the 50-day MA and 200-day MA located at $100.50 and $92.17 levels, respectively.

AAPL currently prints a one year return of about 41.80% and a year-to-date return of around 24.64%.

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