Notable Upgrades: F5 Networks (FFIV), InterOil (IOC), LifeLock (LOCK), Noble Energy (NBL)

Analysts at Citigroup (C) are out with a report this morning upgrading shares of F5 Networks, Inc. (FFIV) with a ‘Neutral’ from ‘Sell’ rating.

F5 Networks Inc. shares are currently priced at 17.73x this year’s forecasted earnings, compared to the industry’s 12.46x earnings multiple. Ticker has a forward P/E of 11.58 and a trailing-12 price/sales ratio of 3.30. EPS for the same period is $5.03.

In the past 52 weeks, shares of Seattle, Washington-based company have traded between a low of $88.75 and a high of $135.20 and are now at $89.19.

Shares are down 28.70% year-over-year and 7.16% year-to-date.

Analysts at Goldman Sachs (GS) upgraded their rating on the shares of InterOil Corporation (IOC). In a research note published on Thursday, the firm lifted the name with a ‘Buy’ from ‘Neutral’ rating.

Currently there are 5 analysts that rate IOC a ‘Buy’, 1 rates it a ‘Hold’. No analyst rates it a ‘Sell’. InterOil has a median Wall Street price target of $50 with a high target of $70.

LifeLock, Inc. (LOCK) was reiterated a ‘Buy’ by Deutsche Bank (DB) analysts on Thursday. The broker also cut its price target on the stock to $23 from $25.

LOCK was down $0.91 at $12.50 in midday trade, moving within a 52-week range of $7.18 to $17.43. The name, valued at $1.19 billion, opened at $12.50.

Noble Energy, Inc. (NBL) was raised to ‘Buy’ from ‘Neutral’ at Nomura on Thursday.

NBL is up $2.34 at $28.06 on normal volume. Midway through trading Thursday, 3.82 million shares of Noble Energy Inc. have exchanged hands as compared to its average daily volume of 5.14 million shares. The stock has ranged in a price between $25.80 to $28.71 after having opened the day at $26.13.

In the past 52 weeks, shares of Houston, Texas-based company have traded between a low of $23.77 and a high of $53.68.

Shares are down 42.98% year-over-year and 21.89% since the beginning of the year.

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