Notable Upgrades: Canadian Solar (CSIQ), Brocade (BRCD), Amkor Technology (AMKR), salesforce.com (CRM)

Analysts at Standpoint Research are out with a report this morning upgrading shares of Canadian Solar Inc. (CSIQ) with a ‘Buy‘ from ‘Hold‘ rating.

Canadian Solar Inc. shares are currently priced at 4.11x this year’s forecasted earnings, compared to the industry’s 0.42x earnings multiple. Ticker has a forward P/E of 6.58 and t-12 price-to-sales ratio of 0.31. EPS for the same period is $4.39.

In the past 52 weeks, shares of West Guelph, Canada-based solar power products provider have traded between a low of $17.51 and a high of $41.12 and are now at $18.06.

Shares are down 46.65% year-over-year and 22.36% year-to-date.

Analysts at Goldman Sachs (GS) upgraded their rating on the shares of Brocade Communications Systems, Inc. (BRCD). In a research note published on Friday, the firm lifted the name with a ‘Neutral‘ from ‘Sell‘ rating.

On valuation measures, Brocade Communications Systems shares are currently priced at 14.23x this year’s forecasted earnings compared to the industry’s 11.75x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.23 and 9.92, respectively. Price/Sales for the same period is 1.87 while EPS is $0.76.

Currently, there are 2 analysts that rate BRCD a ‘Buy‘ vs. 19 rating it a ‘Hold‘. 2 analysts rate it a ‘Sell‘. BRCD has a median Wall Street price target of $11.00 with a high target of $16.00.

Amkor Technology, Inc. (AMKR) was raised to ‘Outperform‘ from ‘Neutral‘ at Credit Suisse (CS) on Friday.

AMKR is up $0.16 at $4.37 on heavy volume. Midway through trading Friday, 1.4 million shares of Amkor Technology Inc. have exchanged hands as compared to its average daily volume of 1.66 million shares. The stock has ranged in a price between $4.12 to $4.46 after having opened the day at $4.12 as compared to the previous trading day’s close of $4.21.

Over the past year, shares of Tempe, Arizona-based outsourced semiconductor packaging services firm have traded between a low of $4.01 and a high of $10.71.

Shares are down 57.35% year-over-year and 40.70% year-to-date.

salesforce.com, inc. (CRM) was upgraded to ‘Buy‘ from ‘Hold‘ by Pivotal Research Group analysts on Friday. The broker also raised its price target on the stock to $82 from $79. salesforce.com was also reiterated with a ‘Buy’ rating and $85 price target at Wunderlich Securities. Given the dominance of the the ever-expanding front office platform, firm believes CRM remains undervalued.

CRM is currently printing a higher than average trading volume with the issue trading 7.04 million shares, compared to the average volume of 2.93 million. The stock began trading this morning at $69.00 to currently trade 2.03% higher from the prior days close of $67.82. On an intraday basis it has gotten as low as $68.28 and as high as $71.55.

salesforce.com shares have declined 8.19% in the last 4 weeks and 6.98% in the past three months. Over the past 5 trading sessions the stock has lost 5.01%. The San Francisco, Calif.-based company, which is currently valued at $45.39 billion, has a median Wall Street price target of $82.00 with a high target of $95.00.

Salesforce.com Inc. is up 22.44% year-over-year, compared with a 2.38% gain in the S&P 500.

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