Notable Upgrades: Amazon.com (AMZN), Avago Technologies (AVGO), MagnaChip (MX), Express Inc. (EXPR)

In a report issued to clients Friday, Janney Capital analysts raised the price target on Amazon.com Inc. (AMZN) from $488.00 to $515.00.

AMZN shares recently gained $3.83 to $430.40. The stock is up more than 37% year-over-year and has gained roughly 38% year-to-date. In the past 52 weeks, shares of Seattle, Washington-based e-commerce giant have traded between a low of $284.00 and a high of $452.65.

Amazon.com Inc. closed Thursday at $426.57. The name has a current market cap of $200.42 billion.

Analysts at Jefferies upgraded their rating on the shares of Avago Technologies Limited (AVGO). In a research note published on Friday, the firm lifted the name with a ‘Buy‘ from ‘Hold‘ rating.

On valuation measures, Avago Technologies Ltd. shares are currently priced at 84.31x this year’s forecasted earnings compared to the industry’s 10.16x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.60 and 16.29, respectively. Price/Sales for the same period is 7.03 while EPS is $1.76. Currently there are 16 analysts that rate AVGO a ‘Buy‘, 2 rate it a ‘Hold‘. No analyst rates it a ‘Sell‘.

AVGO has a median Wall Street price target of $144.00 with a high target of $160.00.

Analysts at Topeka Capital Markets upgraded their rating on the shares of MagnaChip Semiconductor Corporation (MX). In a research note published on Friday, the firm lifted the name with a ‘Buy‘ from ‘Hold‘ rating and set a 12-month base case estimate of $9 per share.

Express Inc. (EXPR) rating of ‘Neutral’ was reiterated today at UBS with a price target increase of $19 from $17 (versus a $17.41 previous close).

EXPR shares recently gained $0.40 to $17.81. In the past 52 weeks, shares of Tulsa, Oklahoma-based company have traded between a low of $11.80 and a high of $18.10. Shares are up 28.49% year-over-year and 18.52% year-to-date.

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