Shares of Oracle (ORCL) are up 3% to $41.13 in early trade Monday, after the company had its rating raised from ‘Equal-weight’ to ‘Overweight’ by analysts at Morgan Stanley (MS) this morning. Analysts at the firm also raised the name’s price target to $50 from $45. Oracle’s shares closed at $39.95 on Friday.
Analysts at UBS maintained their ‘Buy’ Nike Inc (NKE) rating and set a new price target of $110 from $96 per share in a research report issued to clients on Monday. Nike shares closed at $96.17 on Friday.
SanDisk Corp. (SNDK) was raised to ‘Buy’ from ‘Hold’ at Summit Research on Monday. SanDisk shares closed at $98.79 on Friday. The name currently prints a one year return of about 52.52% and a year-to-date return of around 41.80%. Shares of SanDisk gained $0.64 to $99.43 in recent trading.
Analysts at Evercore ISI upgraded Broadcom (BRCM) from ‘Hold’ to ‘Buy’. The price target for Broadcom has been raised from $45.00 to $55.00, implying 28.56% expected return. Shares of Broadcom gained 2.58% to $42.70 in recent trading. BRCM closed at $41.64 on Friday.
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