Notable Upgrades: FXCM Inc. (FXCM), Cree, Inc. (CREE), Netflix, Inc. (NFLX), Level 3 Communications, (LVLT), Whole Foods Market (WFM)

FXCM Inc. (FXCM) is up 30% to $2.28 in mid-day trading. The name was upgraded to ‘Market Perform’ from ‘Underperform’ at Keefe Bruyette. In the past 52 weeks, shares of the New York-based firm have traded between a low of $1.28 and a high of $17.97 and are now at $2.28. Shares are down 90.40% year-over-year and 90.34% year-to-date.

On valuation-measures, shares of FXCM have a trailing-12 and forward P/E of 21.67 and 2.87, respectively. P/E to growth ratio is 0.22, while t-12 profit margin is 1.01%. EPS registers at 0.11. The company has a market cap of $107.29M and a median Wall Street price target of $4.50.

Shares of Cree, Inc. (CREE) are up 3% to $33.36 after equity research firm Stephens issued an upgrade to ‘Overweight’ from ‘Equal Weight’ on the name with a $42 price target. CREE shares were also downgraded to ‘Sell’ from ‘Underperform’ at CLSA. Price target $30.

The stock is down more than 48.26% year-over-year and has gained roughly 0.37% year-to-date. In the past 52 weeks, shares of the Durham, North Carolina-company have traded between a low of $27.25 and a high of $67.98.

CREE, which closed Tuesday at $32.34, has a total market cap of $3.95B.

Analysts at Wells Fargo are out with a report this morning upgrading shares of Level 3 Communications, Inc. (LVLT) with an ‘Outperform’ from ‘Market Perform’ rating.

LVLT shares are currently priced at 44.83x this year’s forecasted earnings compared to the industry’s -2.01x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.88 and 35.96, respectively. Price/Sales for the same period is 2.51 while EPS is 1.11. Currently there are 8 analysts that rate LVLT a ‘Buy’, 8 rate it a ‘Hold’. 0 analysts rates it a ‘Sell’. LVLT has a median Wall Street price target of $55.00 with a high target of $59.00.

Netflix, Inc. (NFLX) had its rating reiterated to ‘Overweight’ by analysts at JPMorgan on Wednesday, who cited the company’s solid Q4 results as the basis for the upgrade. The analysts raised the price target for NFLX shares to $511 from $450. Separately, Oppenheimer and Cantor came out with upgrades this morning, raising the price target on the shares to $483 from $431, and to $450 from $415, respectively.

NFLX shares recently gained 65.14 to $413.94. In the past 52 weeks, shares of Los Gatos, California-based company, which provides Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally, have traded between a low of $299.50 and a high of $489.29. Shares are up 5.68% year-over-year ; up 2.10% year-to-date.

Shares of Whole Foods Market, Inc. (WFM) were upgraded to a ‘Buy’ rating from ‘Neutral’ by Sterne Agee on Wednesday. Price target set at $60 per share.

WFM shares are currently priced at 33.96x this year’s forecasted earnings, which makes them expensive compared to the industry’s 16.27x earnings multiple. Ticker has a forward P/E of 27.67 and t-12 price-to-sales ratio of 1.30. EPS for the same period is $1.56. In the past 52 weeks, shares of the Austin, Texas-based firm have traded between a low of $36.08 and a high of $56.42 and are now at $52.97. Shares are down 0.81% year-over-year ; up 2.03% year-to-date.

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