Notable Upgrades: SPWR, FIT, YNDX, SHPG, NUAN, MCO, FWRD, CF, AMCC, VRX

SunPower Corporation (SPWR) was reiterated a ‘Equal Weight’ by Barclays analysts on Tuesday. The broker also raised its price target on the stock to $26 from $25.

In the past 52 weeks, shares of San Jose California-based company have traded between a low of $18.25 and a high of $35.11 and are now at $22.70.

Analysts at BofA/Merrill are out with a report this morning upgrading shares of Fitbit Inc. (FIT) with a ‘Buy’ from ‘Neutral’ rating.

FIT is up $0.13 at $28.89. Midway through trading Tuesday, 7.50 million shares of Fitbit Inc. have exchanged hands as compared to its average daily volume of 4.75 million shares.

Yandex N.V. (YNDX) was raised to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley on Tuesday.

The stock began trading this morning at $15.89 to currently trade 5.87% higher from the prior days close of $15.34. On an intraday basis it has gotten as low as $15.80 and as high as $16.51.

Analysts at Leerink Partners upgraded their rating on the shares of Shire plc (SHPG). In a research note published on Tuesday, the firm lifted the name with a ‘Outperform’ from ‘Market Perform’ rating and set a $239 price target.

SHPG shares recently gained $4.72 to $211.73. The stock is up 2.47% year-over-year and has lost roughly 2.31% year-to-date.

Shares of Nuance Communications, Inc. (NUAN) are up $2.98 to $20.03 in mid-day trading after Deutsche Bank reiterated its ‘Buy’ rating and increased its 12-month base case estimate on the name by 5 points to $30 a share.

Moody’s Corporation (MCO) was raised to ‘Buy’ from ‘Neutral’ and it was given a $116 price target at UBS on Tuesday.

MCO shares recently gained $3.50 to $101.59. In the past 52 weeks, shares of New York New York-based company have traded between a low of $85.50 and a high of $113.87.

Forward Air Corp. (FWRD) had its rating hiked to ‘Outperform’ from ‘Neutral’ by Robert W. Baird today. The firm currently has a $55 price target on the stock, up from their previous price target of $51.

FWRD shares recently gained $1.93 to $47.51. Stock closed Monday at $45.58. The name has a total market cap of $1.46 billion.

CF Industries Holdings, Inc. (CF) was upgraded to ‘Positive’ from ‘Neutral’ by Susquehanna analysts today.

CF currently prints a one year loss of about 7.90% and a year-to-date loss of around 10.08%.

Investment analysts at Drexel Hamilton initiated coverage on shares of Applied Micro Circuits Corporation (AMCC) in a note issued to investors on Tuesday. The firm set a ‘Buy’ rating and a $11 price target on the stock. The firm’s price target would suggest a potential upside of 54% from the stock’s current price of $7.12.

AMCC shares are higher by nearly 5.30% to $7.23 in mid-day trading on Tuesday.

Shares of Valeant Pharmaceuticals International, Inc. (VRX) are down $2.47 at $70.85, after Morgan Stanley this morning lowered its price target on the shares to $98 from $200, and reiterated a ‘Equal-Weight’ rating.

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