Notable Upgrades: Starbucks Corporation (SBUX), Sierra Wireless Inc. (SWIR), Red Hat, Inc. (RHT), CryoLife Inc. (CRY)

Piper Jaffray names Starbucks Corporation (SBUX) as ‘Top Pick’ for 2015. The analysts reiterated their ‘Overweight’ rating with a $100 price target on the stock.

SBUX shares are currently priced at 30.19x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.93x earnings multiple. The company’s current year and next year EPS growth estimates stand at 16.80% and 17.30% compared to the industry growth rates of 8.70% and 20.90%, respectively. SBUX has a t-12 price/sales ratio of 3.66. EPS for the same period registers at 2.71.

Shares of Sierra Wireless Inc. (SWIR) are up 1.88 to $47.28 in morning trading, after the company had its price target raised to $53 from $36 at Canaccord Genuity. The firm currently has a ‘Buy’ rating on the stock.

On trading-measure, SWIR has a beta of 1.05 and a short float of 8.46%. In the past 52 weeks, shares of the cellular wireless solutions provider have traded between a low of $16.98 and a high of $48.91 with its 50-day MA and 200-day MA located at $37.76 and $27.29 levels, respectively.

SWIR currently prints a one year return of about 111.26% and a year-to-date return of around 87.84%.

Shares of Red Hat, Inc. (RHT) are up 1.56 to $70.45 in morning trading, after the company was initiated with a ‘Buy’ at Cantor Fitzgerald. The firm also set its price target on the stock to $81 a share.

RHT’s shares have advanced 9.71% in the last 4 weeks and 22.30% in the past three months. Over the past 5 trading sessions the stock has gained 16.86%. Shares of Red Hat are up 22.93% this year.

The Raleigh, North Carolina-based company, which is currently valued at $13.20B, has a median Wall Street price target of $75.00 with a high target of $80.00. RHT is up 22.80% year-over-year as of the close of trading on Monday.

CryoLife Inc. (CRY) was raised to ‘Overweight’ from ‘Neutral’ at Piper Jaffray on Tuesday.

CRY, currently valued at $307.08M, has a median Wall Street price target of $12.00 with a high target of $14.00. Approximately 167K shares have already changed hands, compared to the stock’s average daily volume of 116.77K.

CRY currently prints a one year loss of about 1.33% and a year-to-date loss of around 5.20%.

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