Analyst Upgrades: Facebook (FB), Palo Alto Networks (PANW), Yelp Inc. (YELP), Perrigo (PRGO)

Facebook, Inc. (FB) was reiterated as ‘Buy’ and the price target was increased to $130 from $120 at MKM Partners. FB lost 0.73 to $106.22 in mid-day trading today. Approximately 17.28M shares have already changed hands, compared to the stock’s average daily volume of 30.12M shares.

On valuation-measures, shares of Facebook, Inc. have a trailing-12 and forward P/E of 106.65 and 37.10, respectively. P/E to growth ratio is 1.65, while t-12 profit margin is 17.74%. EPS registers at 1.00. The company has a market cap of $300.39B and a median Wall Street price target of $125.00 with a high target of $155.00.

Shares of Palo Alto Networks, Inc. (PANW) are up $12.05 at $184.07, after Barclays this morning raised its price target on the shares to $220 from $210, and reiterated a ‘Overweight’ rating. PANW’s shares have advanced 8.05% in the last 4 weeks and 8.60% in the past three months. Over the past 5 trading sessions the stock has gained 8.36%. Shares of Palo Alto Networks, Inc. are up 40.34% this year.

Shares of Yelp Inc. (YELP) are down $0.02 to $29.84 in mid-day trading after MKM Partners reiterated its ‘Neutral’ rating and increased its 12-month base case estimate on the name by 5 points to $30 a share.

Perrigo Company Public Limited Company (PRGO) rating of ‘Buy’ was reiterated today at B. Riley & Co. with a price target increase of $237 from $229 (versus a $148.27 previous close). PRGO gained 1.81 to $150.08 in mid-day trading today. The company has a market cap of $21.97B and a median Wall Street price target of $190.00 with a high target of $230.00.

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