Notable Upgrades: Computer Sciences (CSC), Sarepta Therapeutics (SRPT), Cablevision Systems (CVC), Micron Technology (MU)

Analysts at Morgan Stanley (MS) are out with a report this morning upgrading shares of Computer Sciences Corporation (CSC) with an ‘Equal-Weight‘ from ‘Underweight‘ rating. The investment firm raised its price target for the company to $73 from $55 noting weak top-line growth was offset by better than expected adjusted operating margins.

Computer Sciences Corp. shares have a forward P/E of 13.08 and t-12 price-to-sales ratio of 0.76. EPS for the same period is ($0.15).

In the past 52 weeks, shares of Falls Church, Virginia-based IT firm have traded between a low of $54.23 and a high of $73.29 and are now at $69.66. Shares are up 11.84% year-over-year and 7.70% year-to-date.

Analysts at Canaccord Genuity upgraded their rating on the shares of Sarepta Therapeutics, Inc. (SRPT). In a research note published on Wednesday, the firm lifted the name with a ‘Buy‘ from ‘Hold‘ rating and set a 12-month base case estimate of $30 from $16 per share, implying 87% expected upside.

On valuation measures, Sarepta Therapeutics shares have a PEG and price/book ratio of 16.10 and 3.37, respectively. Price/sales for the same period is 185.12 while EPS is ($4.13). Currently there are 3 analysts that rate SRPT a ‘Buy‘, 10 rate it a ‘Hold‘. No analyst rates it a ‘Sell‘. SRPT has a median Wall Street price target of $20.00 with a high target of $45.00.

Cablevision Systems Corporation (CVC) was raised to ‘Buy‘ from ‘Hold‘ and it was given a $31 from $18 price target at Pivotal Research Group on Wednesday.

CVC is up $3.16 at $24.08 on heavy volume. Midway through trading Wednesday, 16.40 million shares of Cablevision Systems Corp. have exchanged hands as compared to its average daily volume of 4.52 million shares. The stock ranged in a price between $21.45-$25.09 after having opened the day at $21.46 as compared to the previous trading day’s close of $20.92.

Over the past year, shares of Bethpage, New York-based company have traded between a low of $16.87 and a high of $25.09. Cablevision Systems shares have gained 3% since the beginning of the year. The stock has surged 25% in the last 52 weeks.

Micron Technology, Inc. (MU) was reiterated a ‘Buy’ by Deutsche Bank (DB) analysts on Wednesday. While the broker cut its price target on the stock to $32 from $34, it noted that at the current level sees favorable risk-reward for owning company’s stock.

Micron shares recently gained $0.50 to $26.81. The stock is down 2.34% year-over-year and has lost roughly 25% year-to-date. In the past 52 weeks, shares of Boise, Idaho-based company have traded between a low of $25.61 and a high of $36.59.

Micron Technology Inc. has a current market cap of $28.88 billion.

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