Shares of Tesla Motors Inc (TSLA) are rising $7.37, or 2.85%, to $277.12 this morning following an upgrade to ‘Buy’ from ‘Hold’ at Stifel. The stock has traded as high as $277.45 intraday, which is a new all time high for the shares of the electric carmaker. Tesla closed at $269.70 at the end of Friday’s trading session, printing a solid one-year return of about 64% and year-to-date return of around 83.89%. That’s a 139% rise from the 52-week low of $116.10.
Groupon Inc (GRPN) had its rating upgraded to ‘Sector Perform’ from ‘Underperform’ by analysts at RBC Capital Markets on Tuesday. The firm currently has a $6.00 price target on the stock, up from their previous price target of $5.00. RBC Capital said they see forward EPS catalysts as now equally weighted positive and negative. Groupon’s shares closed at $6.80 at the end of Friday’s trading session. The stock is trading 2.57% higher this morning at $6.98.
Analysts at RBC Capital Markets lifted their price target on shares of Northrop Grumman Corporation (NOC) to $148 from $143 in a research note issued this morning. The brokerage firm also upgraded the company to a ‘Outperform’ rating from a ‘Sector Perform’ rating. NOC shares closed at $127.22 at the end of Friday’s trading session. RBC Capital’s target price suggests a potential upside of about 16% from the company’s current price-per-share of $128.00. Currently there are 2 analysts that rate Northrop Grumman Corp a ‘Strong Buy’, 2 rate it a ‘Buy’ and 16 rate it a ‘Hold’. No analysts rate it a ‘Sell.’
Analysts at Piper Jaffray lifted their price target on shares of Apple Inc. (AAPL) to $120 from $105. The iPhone maker’s shares closed at $102.50 at the end of Friday’s Nas trading session. The firm’s target price suggests a potential upside of about 16% from the company’s current price of $103.66. Piper also upgraded AAPL to ‘Overweight’. Currently there are 15 analysts that rate Apple Inc a ‘Strong Buy’, 28 rate it a ‘Buy’, 9 rate it a ‘Hold’ and one rates it ‘Underperform’. No analysts rate it a ‘Sell.’
Staples, Inc. (SPLS) was upgraded by Credit Suisse (CS) to‘Outperform’ from ‘Neutral’ in a research report issued to clients on Tuesday. Staple’s shares closed at $11.68 at the end of Friday’s Nas trading session. The stock is trading 5.74% higher this morning at $12.34. SPLS has a negative one-year return of about 11% and negative year-to-date return of around 21.71%.
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