Notable Analyst Calls: CIEN, SHPG, TSLA, JASO, AMBA, AVGO, FIVE

Stock Upgrades

Ciena Corporation (CIEN) was reiterated a ‘Hold’ by Deutsche Bank analysts on Friday. The broker also raised its price target on the stock to $17 from $15.

CIEN shares are higher by nearly 4.40% to $20.90 in mid-day trading on Friday.

Shire plc (SHPG) was reiterated as ‘Buy’ with a $262 from $223 price target on Friday by Jefferies.

SHPG shares surged 0.60% to $191.18 in mid-day trading.

In a report published Friday, Maxim Group analysts initiated coverage on Yelp Inc. (YELP) with a ‘Buy’ rating and $41 price target.

YELP shares climbed 0.06% to $26.54 in mid-day trading.

Shares of Tesla Motors, Inc. (TSLA) are down 0.30, or 0.14%, at $218.66, after Sterne Agee CRT analysts today initiated coverage of the name, giving it an ‘Buy’ rating and price target of $300.

JA Solar Holdings Co., Ltd. (JASO) was downgraded from ‘Buy’ to ‘Neutral’ at ROTH Capital.

Shares have traded today between $7.15 and $7.75 with the price of the stock fluctuating between $6.30 to $10.09 over the last 52 weeks.

Shares of JASO have lost $0.51 to $7.30 in mid-day trading on Friday, giving it a market cap of roughly $342.06 million. The stock traded as high as $10.09 in Dec 21, 2015.

Ambarella, Inc. (AMBA) rating of ‘Hold’ was reiterated today at Deutsche Bank with a price target increase of $47 from $45 (versus a $42.48 previous close).

AMBA shares are up $4.22, or over 9.93%, at $46.70.

Shares of Broadcom Limited (AVGO) are up $7.91 to $162.82 in mid-day trading after Barclays reiterated its ‘Overweight’ rating and increased its 12-month base case estimate on the name by 15 points to $185 a share.

Five Below, Inc. (FIVE) was reiterated as ‘Buy’ and the price target was increased to $48 from $47 at UBS.

FIVE shares climbed 1.38% to $43.44 in mid-day trading.

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