Notable Upgrades: iDreamSky Technology (DSKY), Sigma Designs (SIGM), Starbucks (SBUX)

In a report published Thursday, Rosenblatt analysts initiated coverage on iDreamSky Technology Limited (DSKY) with a ‘Buy’ rating and $11.00 price target.

iDreamSky Technology shares are currently priced at 5.79x next year’s forecasted earnings. Price/Sales for the same period is 4.53 while EPS is ($7.31). Currently there is one analyst that rates DSKY a ‘Buy’ vs. 2 rating it a ‘Hold’. No analyst rates it a ‘Sell’. DSKY has a median Wall Street price target of $10.50 with a high target of $12.00.

In the past 52 weeks, shares of Shenzhen, China-based company have traded between a low of $6.64 and a high of $25.95 and are now at $7.30. Shares are down 54% year-over-year and 57% year-to-date.

Sigma Designs, Inc. (SIGM) was reiterated as ‘Buy’ and the price target was increased to $10 from $8 at Needham.

On trading measures, Sigma Designs, Inc., currently valued at $270.32 million, has a median Wall Street price target of $8.50 with a high target of $9.00. Approximately 1 million shares have already changed hands, well head of the stock’s 3-month average daily volume of 373.38K.

In the past 52 weeks, shares of Milpitas, California-based SoC solutions provider have traded between a low of $3.28 and a high of $8.34 with the 50-day MA and 200-day MA located at $7.46 and $5.70 levels, respectively. Additionally, shares of SIGM trade at a P/E ratio of 4.58 and have a Relative Strength Index (RSI) and MACD indicator of 51.28 and -0.02, respectively.

SIGM currently prints a one year return of about 67% and a year-to-date return of around 11.40%.

Starbucks Corporation (SBUX) was reiterated as ‘Outperform’ with a $112 from $99 price target on Thursday by Bernstein.

Starbucks Corporation shares are currently priced at 28.59x this year’s forecasted earnings compared to the industry’s 27.14x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.61 and 25.54, respectively. Price/Sales for the same period is 4.10 while EPS is 3.30. Currently there are 18 analysts that rate SBUX a ‘Buy’, 7 rate it a ‘Hold’. No analyst rates it a ‘Sell’. SBUX has a median Wall Street price target of $100 with a high target of $110.

In the past 52 weeks, shares of Seattle, Washington-based coffee retailer have traded between a low of $67.93 and a high of $99.20 and are now at $94.28. Shares are up 27.56% year-over-year and 13.79% year-to-date.

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