Notable Upgrades: VMware (VMW), Lululemon (LULU), XPO Logistics (XPO)

Analysts at Susquehanna are out with a report this morning upgrading shares of VMware, Inc. (VMW) with a ‘Positive’ from ‘Neutral’ rating.

VMware Inc. shares are currently priced at 39.02x 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 17.69 and t-12 price-to-sales ratio of 5.29. EPS for the same period is $2.06.

In the past 52 weeks, shares of Palo Alto, California-based virtualization infrastructure solutions provider have traded between a low of $73.65 and a high of $98.20 and are now at $80.46.

Shares are down 18.61% year-over-year and 3.95% year-to-date.

Analysts at Robert W. Baird upgraded their rating on the shares of Lululemon Athletica Inc. (LULU). In a research note published on Friday, the firm lifted the name with a ‘Outperform’ from ‘Neutral’ rating and set a 12-month base case estimate of $69 from $73 per share.

On valuation measures, lululemon athletica inc. shares are currently priced at 28.98x this year’s forecasted earnings, compared to the industry’s 22.71x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.58 and 23.10, respectively. Price/Sales for the same period is 4.12 while EPS is $1.87. Currently, there are 16 analysts that rate LULU a ‘Buy’, 14 rate it a ‘Hold’. 3 analysts rate it a ‘Sell’.

LULU has a median Wall Street price target of $73.00 with a high target of $85.00.

XPO Logistics, Inc. (XPO) was reiterated a ‘Outperform’ by FBR Capital analysts on Friday. The broker however, cut its price target on the stock to $60 from $65 noting despite its expectation the company’s proposed buyout of Con-way (CNW) for roughly $3 billion will be significantly accretive over time, XPO shares plunged 11% yesterday, versus a gain of 0.5% for the S&P 500.

XPO is currently printing a higher than average trading volume with the issue trading 4.93 million shares, compared to the average volume of 2.28 million. The stock began trading this morning at $30.00 to currently trade 7.47% higher from the prior days close of $30.24. On an intraday basis it has gotten as low as $30.00 and as high as $32.89.

Shares are down 12.22% year-over-year and 26.03% year-to-date.

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