Notable Upgrades: Akamai (AKAM), The Medicines Co. (MDCO), Smith & Wesson (SWHC), GameStop Corp. (GME)

Analysts at JMP Securities are out with a report this morning upgrading shares of Akamai Technologies, Inc. (AKAM) with a ‘Market Outperform’ from ‘Market Perform’ rating.

Akamai Technologies Inc. shares are currently priced at 38.80x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 2.01x earnings multiple. Ticker has a forward P/E of 25.23 and t-12 price-to-sales ratio of 5.99. EPS for the same period is $1.84.

In the past 52 weeks, shares of Cambridge, Massachusetts-based cloud services provider have traded between a low of $51.74 and a high of $78.44 and are now at $71.39.

Shares are up 16.53% year-over-year and 11.98% year-to-date.

Analysts at Jefferies upgraded their rating on the shares of The Medicines Company (MDCO). In a research note published on Friday, the firm lifted the name with a ‘Buy’ from ‘Hold’ rating.

On valuation measures, Medicines Co. shares have a PEG ratio of (2.50). Price/Sales on t-12 basis is 3.61 while EPS is ($0.98). Currently, there are 5 analysts that rate MDCO a ‘Buy’, 4 rate it a ‘Hold’. No analyst rates it a ‘Sell’.

MDCO has a median Wall Street price target of $36.50 with a high target of $42.00.

The chart below shows where the equity has traded over the last 52 weeks.

In a report published Friday, Lake Street analysts initiated coverage on Smith & Wesson Holding Corporation (SWHC) with a ‘Buy’ rating and $24 from $21 price target.

Smith & Wesson shares recently gained $1.72 to $17.94. In the past 52 weeks, shares of Springfield, Massachusetts-based firearm products manufacturer have traded between a low of $9.03 and a high of $18.04.

Shares are up 43.29% year-over-year and 71.28% year-to-date.

GameStop Corp. (GME) was reiterated as ‘Market Perform’ with a $47 from $42 price target on Friday by Telsey Advisory Group.

GME shares recently lost $3.22 to $42.98. The stock is up more than 11% year-over-year and has gained roughly 39% year-to-date. Over the past year, shares of the Charlotte, North Carolina-based company have traded between a low of $31.69 and a high of $47.83.

GameStop Corp. closed Thursday at $46.20. The name has a current market cap of $4.59 billion.

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