Notable Upgrades: JetBlue (JBLU), First Solar (FSLR), AT&T (T), Cempra (CEMP), Green Dot (GDOT)

Analysts at Morgan Stanley (MS) are out with a report this morning upgrading shares of JetBlue Airways Corporation (JBLU) with an ‘Equal-Weight‘ from ‘Underweight‘ rating.

JetBlue Airways Corp. shares are currently priced at 13.88x this year’s forecasted earnings, which makes them quite inexpensive compared to the industry’s 71.21x earnings multiple. Ticker has a forward P/E of 10.82 and t-12 price-to-sales ratio of 1.11. EPS for the same period is $1.53.

In the past 52 weeks, shares of Long Island-based air carrier have traded between a low of $9.38 and a high of $22.40 and are now at $21.20. Shares are up 100.09% year-over-year and 33.73% year-to-date.

Analysts at Stifel believe shares of First Solar, Inc. (FSLR) remain attractive post 8point3 (CAFD) IPO. The firm set a 12-month base case estimate of $81 per share on the name.

On valuation measures, First Solar Inc. shares are currently priced at 23.11x this year’s forecasted earnings compared to the industry’s 0.36x earnings multiple. Ticker has a PEG and forward P/E ratio of (25.99) and 15.59, respectively. Price/Sales for the same period is 1.77 while EPS is $2.20. Currently there are 4 analysts that rate FSLR a ‘Buy‘, 10 rate it a ‘Hold‘. 1 analyst rates it a ‘Sell‘. FSLR has a median Wall Street price target of $64.00 with a high target of $81.00.

AT&T, Inc. (T) was raised to ‘Overweight‘ from ‘Equal Weight‘ and it was given a $39 from $34 price target at Barclays on Tuesday.

T is up $1.11 at $36.15 on heavy volume. Midway through trading Tuesday, 39.97 million shares of AT&T Inc. have exchanged hands as compared to its average daily volume of 32.27 million shares. The stock has ranged in a price between $35.51-$36.23 after having opened the day at $35.57 as compared to the previous trading day’s close of $35.04.

In the past 52 weeks, shares of Dallas, Texas-based telecom company have traded between a low of $32.07 and a high of $37.48. Shares are up 4.54% year-over-year and 7.32% year-to-date.

Cempra, Inc. (CEMP) was reiterated a ‘Buy‘ by Stifel analysts on Tuesday. The broker also raised its price target on the stock to $57 from $44.

CEMP is currently printing a higher than average trading volume with the issue trading 859K shares, compared to the average volume of 697K. The stock began trading this morning at $37.36 to currently trade 5.49% higher from the prior days close of $36.45. On an intraday basis it has gotten as low as $36.83 and as high as $39.39.

Cempra Inc.’s current year and next year EPS growth estimates stand at 13.30% and 42.70% compared to the industry growth rates of 49.30% and 98.60%, respectively. CEMP has a t-12 price-to-sales ratio of 60.88. EPS for the same period registers at ($1.7).

Cempra, Inc shares have declined 0.55% in the last 4 weeks and 0.38% in the past three months. Over the past 5 trading sessions the stock has gained 9.43%.

The Chapel Hill, North Carolina-based company, which is currently valued at $1.68 billion, has a median Wall Street price target of $42.00 with a high target of $50.00. Cempra Inc. is up 231.97% year-over-year, compared with a 8.87% gain in the S&P 500.

Green Dot Corporation (GDOT) had its rating reiterated to ‘Overweight‘ by Piper Jaffray today. The firm currently has a $24 price target on the stock, up from their previous price target of $22.

GDOT shares recently gained $5.37 to $20.68. The stock is down 20.88% year-over-year and has lost roughly 25% year-to-date. In the past 52 weeks, shares of Pasadena, California-based company have traded between a low of $13.87 and a high of $24.47.

Green Dot Corp. Cl A closed Monday at $15.31. The name has a current market cap of $1.07 billion.

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