Notable Upgrades: General Electric (GE), Toll Brothers (TOL), The Mosaic Company (MOS), Juniper Networks (JNPR)

Analysts at William Blair are out with a report this morning upgrading shares of General Electric Company (GE) ahead of earnings (Friday, Oct. 16) with a ‘Outperform’ from ‘Market Perform’ rating and $32 target. The firm notes the company has the potential to double to around $60/share by fiscal 2020.

GE shares recently gained $0.02 to $28.11. In the past 52 weeks, shares of Fairfield, Connecticut-based company have traded between a low of $19.37 and a high of $28.68 and are now at $28.15.

Shares are up 19.97% year-over-year and 14.15% year-to-date.

Analysts at Morgan Stanley (MS) are out with a report, upgrading shares of Toll Brothers Inc. (TOL) with a ‘Overweight’ from ‘Equal-Weight’ rating, saying the market is under-appreciating the 2016 profit potential in the luxury segment of the housing market.

Toll Brothers Inc. shares are currently priced at 19.52x this year’s forecasted earnings, compared to the industry’s 15.54x earnings multiple. Ticker has a forward P/E of 13.54 and t-12 price-to-sales ratio of 1.60. EPS for the same period is $1.89.

In the past 52 weeks, shares of Horsham, Pennsylvania-based luxury home builder have traded between a low of $29.40 and a high of $42.19 and are currently printing the tape at $36.86.

Shares are up 8.23% since the beginning of the year.

The Mosaic Company (MOS) was raised to ‘Outperform’ from ‘Market Perform’ at Bernstein on Tuesday. The firm noted valuation as reasons for the upgrade. Shares are down more than 25% over the past three months.

MOS is up $0.65 at $33.73 on normal volume. Midway through trading Tuesday, 2.36 million shares of Mosaic Co. have exchanged hands as compared to its average daily volume of 4.71 million shares. The stock has ranged in a price between $32.76 to $33.89 after having opened the day at $32.79.

In the past 52 weeks, shares of Plymouth, Minnesota-based company have traded between a low of $29.61 and a high of $53.83. Shares are down 18.66% year-over-year.

Juniper Networks, Inc. (JNPR) was reiterated a ‘Outperform’ by RBC Capital Markets analysts on Tuesday. The broker also raised its price target on the stock to $33 from $30.

JNPR shares have advanced 17.70% in the last 4 weeks and 14.52% in the past three months. Over the past 5 trading sessions the stock has gained 4.32%. The Sunnyvale, California-based company, which is currently valued at $11.50 billion, has a median Street price target of $30.00 with a high target of $39.00.

Juniper Networks Inc. is up 58.69% year-over-year, compared with a 7.44% gain in the S&P 500.

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