Notable Upgrades: PayPal Holdings (PYPL), Quidel Corp. (QDEL), Hasbro Inc. (HAS), AT&T (T), Wells Fargo (WFC)

In a report published Wednesday, Argus analysts initiated coverage on PayPal Holdings, Inc. (PYPL) with a ‘Buy’ rating and $42 price target.

On valuation measures, PayPal Holdings Inc. shares currently have a PEG and forward P/E ratio of 1.64 and 23.33, respectively. T-12 operating margin is 12.56% while EPS is $0.89. Currently there are 17 analysts that rate PYPL a ‘Buy’, 9 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’. PYPL has a median Wall Street price target of $45.00 with a high target of $50.00.

In the past couple of months, shares of San Jose, Calif.-based company have traded between a low of $30.00 and a high of $42.55 and are now at $34.56.

Investment analysts at Barclays initiated coverage on shares of Quidel Corp. (QDEL) in a note issued to investors on Wednesday. The firm set a ‘Overweight’ rating and a $28 price target on the stock. Barclays’ price target would suggest a potential upside of 33.50% from the stock’s current price of $20.97.

Quidel Corp., currently valued at $703.06 million, has a median Wall Street price target of $26.00 with a high target of $32.00. Approximately 208K shares have already changed hands, compared to the stock’s average daily volume of 279K.

Over the past year, shares of San Diego, Calif.-based company have traded between a low of $18.23 and a high of $29.38 with the 50-day MA and 200-day MA located at $21.66 and $23.43 levels, respectively. Additionally, shares of QDEL have a Relative Strength Index (RSI) and MACD indicator of 48.36 and -0.15, respectively.

Quidel Corp. currently prints a year-to-date loss of around 30%.

Hasbro Inc. (HAS) was raised to ‘Overweight’ from ‘Neutral’ at Piper Jaffray on Wednesday.

HAS is up $1.99 at $74.50 on heavy volume. Midway through trading Wednesday, 1.41 million shares of Hasbro Inc. have exchanged hands as compared to its average daily volume of 1.20 million shares. The stock has ranged in a price between $73.88 – $75.14 after having opened the day at $74.50 as compared to the previous trading day’s close of $72.52.

In the past 52 weeks, shares of Pawtucket, Rhode Island-based company have traded between a low of $51.42 and a high of $84.42.

Shares are up 41.52% year-over-year and34.53% year-to-date.

AT&T, Inc. (T) was upgraded to ‘Buy’ from ‘Neutral’ by Citigroup (C) analysts on Wednesday.

AT&T is currently printing a normal trading volume with the issue trading 13.33 million shares, compared to the average volume of 38.10 million. The stock began trading this morning at $32.94 to currently trade 1.30% higher from the prior days close of $32.32. On an intraday basis it has gotten as low as $32.50 and as high as $32.94.

T shares have declined 6.75% in the last 4 weeks and 6.51% in the past three months. Over the past 5 trading sessions the stock has gained 1.64%. Dallas Texas-based company, which is currently valued at $201.36 billion, has a median Wall Street price target of $38.50 with a high target of $42.00.

AT&T Inc. is down 2.02% year-over-year, compared with a 4.34% loss in the S&P 500.

Wells Fargo & Company (WFC) had its rating hiked to ‘Buy’ from ‘Hold’ by Sandler O’Neill today.

WFC shares recently gained $0.66 to $51.65. The stock is up 1.52% year-over-year and has lost more than 5% year-to-date. In the past 52 weeks, shares of San Francisco, California-based banking giant have traded between a low of $46.44 and a high of $58.77.

Wells Fargo & Co. closed Tuesday at $50.99. The name has a total market cap of $265.14 billion.

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