Notable Upgrades: Chesapeake Energy (CHK), Lululemon Athletica (LULU), Amazon.com (AMZN), Infinera Corporation (INFN), VIVUS Inc. (VVUS)

Analysts at Credit Suisse are out with a report this morning upgrading shares of Chesapeake Energy Corporation (CHK) with an ‘Outperform’ from ‘Neutral’ rating. Price target raised to $24 from $21. Chesapeake shares were also initiated with a ‘Neutral’ at Susquehanna. Price target set at $22.

CHK currently prints a one year loss of about 22.33%, and a year-to-date return of 0.77%.

Shares of Lululemon Athletica Inc. (LULU) are up $2.50 to $66.26 after equity research firm JPMorgan issued an upgrade to ‘Overweight’ from ‘Neutral’ on the name, raising the price target on the shares to $75 from $50.

On valuation-measures, shares of LULU have a trailing-12 and forward P/E of 40.56 and 31.82, respectively. P/E to growth ratio is 2.15, while t-12 profit margin is 13.86%. EPS registers at $1.63. The company has a market cap of $9.41B and a median Wall Street price target of $64.00 with a high target of $76.00.

Shares of Amazon.com Inc. (AMZN) are up $1.99 to $312.31 in morning trading today after analysts at Oppenheimer issued an upgrade on the name. The analysts raised the price target for AMZN shares to $396 from $372.

On trading-measure, Amazon has a beta of 1.68 and a short float of 1.94%. In the past 52 weeks, shares of the online retailer have traded between a low of $284.00 and a high of $406.25 with its 50-day MA and 200-day MA located at $302.44 and $319.31 levels, respectively.

AMZN currently prints a one year loss of about 23.29%.

Infinera Corporation (INFN) gained $2.59 to $16.99 in morning trading today. Approximately 5.67M shares have already changed hands, compared to the stock’s average daily volume of 2.32M shares.

The name was upgraded to ‘Buy’ at Jefferies, raising the price target on the shares to $17 from $14.50. Separately, Stifel came out with an upgrade this morning, raising their 12-month base case estimate on the shares to $19 from $17.

INFN currently prints a one year return of about 88.98%, and a year-to-date loss of 2.17%.

VIVUS Inc. (VVUS) gained 19 cents to $2.77 in morning trading today, after the company was initiated with an ‘Outperform’ at RBC Capital Markets. The firm also set its price target on the stock to $6 a share.

In the past 52 weeks, shares of the Mountain View, California-based firm have traded between a low of $2.56 and a high of $8.36. Shares are down 69.18% year-over-year and 10.42% year-to-date.

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