Analysts at Argus are out with a report this morning upgrading shares of Palo Alto Networks, Inc. (PANW) with a ‘Buy’ from ‘Hold’ rating. The firm set the name’s price target at $227.
In the past 52 weeks, shares of Santa Clara, California-based provider of enterprise security platforms have traded between a low of $112.22 and a high of $200.55 and are now at $182.51.
Shares are up 61.44% year-over-year and 49.18% year-to-date.
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Analysts at Jefferies upgraded their rating on the shares of ImmunoGen, Inc. (IMGN). In a research note published on Wednesday, the firm lifted the name with a ‘Buy’ from ‘Hold’ rating, noting the next data on Mirvetuximab in Q2’16 could provide a catalyst.
Currently there are 4 analysts that rate IMGN a ‘Buy’, 5 rate it a ‘Hold’. One analyst rates it a ‘Sell’. IMGN has a median Wall Street price target of $16 with a high target of $24.
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In a report published Wednesday, Goldman (GS) analysts initiated coverage on NetEase, Inc. (NTES) with a ‘Buy’ rating and $190 price target.
On valuation measures, Netease Inc. ADR shares currently have a PEG and forward P/E ratio of 0.95 and 2.80, respectively. Price/sales for the same period is 7.57 while EPS is $6.94.
In the past 52 weeks, shares of Beijing, China-based company have traded between a low of $94.17 and a high of $170.37 and are now at $168.82.
Shares are up 68.67% since the beginning of the year.
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Dycom Industries Inc. (DY) was reiterated an ‘Outperform’ by FBR Capital analysts on Wednesday. The broker also raised its price target on the stock to $100 from $88 following another strong quarter (1Q16) and accelerating industry dynamics resulting in a solid outlook. The North Palm Beach, FL-based specialty contracting company reported EPS of $1.24 on revenue of $659.3 million, up from $510.4 million in the year-ago period. Analysts were expecting the company to earn $1.01 a share on revenue of $625.6 million.
For the upcoming 2Q, Dycom said it expects to earn between $0.52 – $0.60 cents a share, well ahead of the $0.39 consensus.
Dycom Industries Inc. shares dropped $0.92 to $87.64 in mid-day trading.
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