Notable Upgrades: SolarEdge (SEDG), Integrated Device (IDTI), Palo Alto Networks (PANW), Broadcom Corp. (BRCM)

SolarEdge Technologies, Inc. (SEDG) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Thursday. The broker also raised its price target on the stock to $43 from $37.

On valuation measures, SolarEdge Technologies Inc. shares have a PEG and forward P/E ratio of 0.78 and 32.62, respectively. EPS is ($0.15). Currently there are 6 analysts that rate SEDG a ‘Buy’ vs. no analysts rating it a ‘Hold’or a ‘Sell’. SEDG has a median Wall Street price target of $36.00 with a high target of $40.00.

Integrated Device Technology, Inc. (IDTI) was reiterated as ‘Buy’ with a $29 from $24 price target on Thursday by Topeka Capital Markets.

IDTI shares recently gained $0.40 to $23.56. In the past 52 weeks, shares of Tulsa, Oklahoma-based company have traded between a low of $11.94 and a high of $24.15. Shares are up 77.74% year-over-year and 18.16% year-to-date.

Palo Alto Networks, Inc. (PANW) rating of ‘Buy’ was reiterated today at UBS with a price target increase of $180 from $162.

Palo Alto Networks shares recently gained $7.04 to $167.69. The stock is up more than 130% year-over-year and has gained roughly 31% year-to-date. In the past 52 weeks, shares of Charlotte, NC-based company have traded between a low of $72.00 and a high of $169.84.

Palo Alto Networks, Inc. closed Wednesday at $160.65. The name has a total market cap of $13.80 billion.

Broadcom Corp. (BRCM) was upgraded to ‘Market Perform’ from ‘Underperform’ at Wells Fargo (WFC) following the company’s agreement to be acquired by Avago Technologies (AVGO).

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