ImmunoGen, Inc. (IMGN) was upgraded by Oppenheimer from a ‘Perform’ rating to a ‘Outperform’ rating in a research note issued on Friday. The firm cited the company’s valuation and recent weakness as a buying opportunity. Price target set to $11.
IMGN shares recently gained $0.11 to $7.40. In the past 52 weeks, shares of Waltham, Massachusetts-based biotechnology firm, which develops targeted anticancer therapeutics, have traded between a low of $5.34 and a high of $17.80. Shares are down 49.59% year-over-year ; up 19.51% year-to-date.
Analysts at BofA/Merrill (BAC) are out with a report this morning upgrading shares of LinkedIn Corporation (LNKD) with a ‘Buy’ from ‘Neutral’ rating after the company provided Q4 report and in-line guidance. Price target set to $320. The name was also upgraded at FBR Capital with a ‘Market Perform’. Price target raised to $211 from $180.
On trading-measure, LNKD has a beta of 1.21 and a short float of 7.32%. In the past 52 weeks, LinkedIn shares have traded between a low of $136.02 and a high of $267.80 with its 50-day MA and 200-day MA located at $226.48 and $215.26 levels, respectively.
LNKD currently prints a one year return of about 11%, and a year-to-date return of around 3.60%.
Shares of GrubHub Inc. (GRUB) gained $1.23 to $40.99 in late morning trading today, after the provider of online and mobile platform for restaurant pick-up and delivery orders in the U.S. was upgraded to ‘Buy’ from ‘Hold’ at Brean Capital with a $45 price target. GRUB was also upgraded at Oppenheimer. Price target was raised to $50 from $42.
On valuation-measures, shares of GrubHub have a trailing-12 and forward P/E of 219.20 and 55.23, respectively. P/E to growth ratio is 1.11, while t-12 profit margin is 6.58%. EPS registers at $0.19. The company has a market cap of $3.34B and a median Wall Street price target of $44.00 with a high target of $52.00. GRUB currently prints a year-to-date return of around 10%.
Shares of Synchronoss Technologies, Inc. (SNCR) were upgraded to ‘Neutral’ rating from ‘Underperform’ at Robert W. Baird on Friday, citing its limited downside and near-term outlook. The firm currently has a $42 price target on the stock. In the past 52 weeks, shares of the Bridgewater, New Jersey-based company, which provides cloud solutions and software-based activation for connected devices worldwide, have traded between a low of $27.78 and a high of $54.05 with the 50-day MA and 200-day MA located at $42.14 and $43.18 levels, respectively. Additionally, shares of SNCR trade at a P/E ratio of 1.18 and have a Relative Strength Index (RSI) and MACD indicator of 55.95 and +2.09, respectively.
SNCR currently prints a one year return of 64.30%, and a year-to-date return of 4.68%.
Shares of Harris Corporation (HRS) gained $5.38 to $74.87 in mid-day trading today after the Melbourne, Florida-based communications and information tech company beat Q2 expectations and guided full-year earnings and revs ahead of analyst estimates. Following earnings results, the name was upgraded to ‘Outperform’ from ‘Market Perform’ at Cowen.
In other HRS news this morning, the co. announced that will acquire Exelis Inc. (XLS) for $23.75 per share, or approximately $4.75B enterprise value. The transaction is expected to be slightly accretive to Harris in the first full year and a significant contributor thereafter.
HRS shares are currently priced at 15.07x this year’s forecasted earnings. The name has a forward P/E of 14.96 and t-12 price-to-sales ratio of 1.46. EPS for the same period is $4.97.
In the past 52 weeks, HRS shares have traded between a low of $60.78 and a high of $79.32. Shares are up 4.76% year-over-year ; down 3.24% year-to-date.
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