Notable Upgrades: Groupon, Inc. (GRPN), JA Solar (JASO), QLogic Corp. (QLGC), SunPower (SPWR), Rockwell Medical (RMTI)

Groupon, Inc. (GRPN) was upgraded to ‘Buy’ from ‘Sell’ at Ascendiant on Friday. The analysts raised the price target for GRPN shares to $10 from $7. Groupon, currently valued at $4.83B, has a median Wall Street price target of $8.00 with a high target of $12.00. Approximately 2.60M shares have already changed hands, compared to the stock’s average daily volume of 16.20M.

In the past 52 weeks, shares of the Chicago, Illinois based-company have traded between a low of $5.18 and a high of $11.21 with the 50-day MA and 200-day MA located at $7.57 and $6.91 levels, respectively. Additionally, shares of GRPN trade at a P/E ratio of 5.37 and have a Relative Strength Index (RSI) and MACD indicator of 43.64 and -0.20, respectively.

GRPN currently prints a one year loss of about 30%, and a year-to-date loss of 11.14%.

JA Solar Holdings Co., Ltd. (JASO) gained 16c to $7.93 in mid-day trading today. Approximately 982K shares have already changed hands, compared to the stock’s average daily volume of 1.84M shares. The name was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital Markets. Price target raised to $13 from $12.

In the past 52 weeks, JASO shares have traded between a low of $6.70 and a high of $13.14 with the 50-day MA and 200-day MA located at $7.97 and $8.73 levels, respectively. Additionally, shares of JA Solar trade at a P/E ratio of 0.36 and have a Relative Strength Index (RSI) and MACD indicator of 50.93 and -0.04, respectively.

JASO currently prints a one year loss of 16.72%, and a year-to-date loss of 5.13%.

Shares of QLogic Corp. (QLGC) are up 26c to $12.95 in mid-day trading today, following a solid December quarter and guidance. Analysts at RBC Capital Markets issued an upgrade on the name. RBC raised the price target for QLGC shares to $15 from $13.

In the past 52 weeks, shares of the Aliso Viejo, California-based firm have traded between a low of $8.70 and a high of $14.20. Shares are up 16.42% year-over-year ; down 4.73% year-to-date.

SunPower Corporation (SPWR) gained 15c to $24.13 in mid-day trading today. Approximately 869K shares have already changed hands, compared to the stock’s average daily volume of 2.39M shares. The name was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital Markets. Price target was raised to $36 from $35.

On valuation-measures, shares of SunPower have a trailing-12 and forward P/E of 27.74 and 17.82, respectively. P/E to growth ratio is 7.57, while t-12 profit margin is 5.34%. EPS registers at $0.87. The company has a market cap of $3.17B and a median Wall Street price target of $36.00 with a high target of $49.00.

SPWR currently prints a one year loss of 24.31%, and a year-to-date loss of 7.16%.

Rockwell Medical, Inc. (RMTI) was initiated with a ‘Buy’ rating at BofA/Merrill (BAC) on Friday, price target $15. RMTI shares recently gained 61c to $11.02. In the past 52 weeks, shares of Wixom, Michigan-based company, which operates as an integrated biopharmaceutical firm in the US and internationally, have traded between a low of $8.10 and a high of $14.80. Shares are up 2.87% year-over-year, and 1.26% year-to-date.

On trading-measure, RMTI has a beta of 2.08 and a short float of 20.57%. In the past 52 weeks, shares of the Rockwell Medical have traded between a low of $8.10 and a high of $14.80 with its 50-day MA and 200-day MA located at $9.85 and $9.82 levels, respectively. Currently there are 3 analysts that rate RMTI a ‘Buy’, one analyst rates it a ‘Sell’. RMTI has a median Wall Street price target of $17.50 with a high target of $26.00.

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