Notable Upgrades: Intel (INTC), Starbucks (SBUX), Aceto Corp. (ACET), Voxeljet AG (VJET), Google (GOOG)

Intel Corporation (INTC) was reiterated an ‘Outperform’ by Wedbush analysts on Thursday. The broker also raised its price target on the stock to $35 from $34. Separately, the name was upgraded to ‘Buy’ from ‘Hold’ with a $37 price target at Needham.

INTC shares recently lost $0.30 to $29.39. The stock is down 3.76% year-over-year and has lost roughly 17.00% year-to-date. In the past 52 weeks, shares of Santa Clara, California-based chipmaker have traded between a low of $28.82 and a high of $37.90.

Intel Corporation closed Wednesday at $29.69. The name has a current market cap of $139.43 billion.

Starbucks Corporation (SBUX) was reiterated as ‘Outperform’ with a $60 from $55 price target on Thursday by RBC Capital Markets.

Shares have traded today between $55.66 and $56.00 with the price of the stock fluctuating between $35.39 to $56.06 over the last 52 weeks.

Starbucks Corp. shares are currently changing hands at 32.97x this year’s forecasted earnings, compared to the industry’s 31.58x earnings multiple. Ticker has a t-12 price/sales ratio of 4.69. EPS for the same period registers at $1.69.

Shares of SBUX have gained $0.54 to $55.88 in midday trading on Thursday, giving it a market cap of roughly $84 billion. The stock traded as high as $56.06 in July 14, 2015.

Investment analysts at Craig Hallum initiated coverage on shares of Aceto Corp. (ACET) in a note issued to investors on Thursday. The firm set a ‘Buy‘ rating and a $30 price target on the stock.

Aceto Corp., currently valued at $779.44 million, trades between a low of $16.52 and a high of $26.83 with the 50-day MA and 200-day MA located at $24.39 and $21.89 levels, respectively. Additionally, shares of ACET trade at a P/E ratio of 30.39 and have a Relative Strength Index (RSI) and MACD indicator of 68.35 and +0.22, respectively.

Aceto Corp. currently prints a year-to-date return of around 7.60%.

Voxeljet AG (VJET) was upgraded to ‘Overweight‘ from ‘Neutral‘ by Piper Jaffray analysts on Thursday.

VJET is currently printing a higher than average trading volume with the issue trading 223K shares, compared to the average volume of 109K. The stock began trading this morning at $6.85 to currently trade 9.28% higher from the prior days close of $6.14. On an intraday basis it has gotten as low as $6.40 and as high as $6.98.

The three-dimensional (3D) printing company, which is currently valued at $125.09 million, has a median Wall Street price target of $9.00 with a high target of $9.40. Voxeljet AG is down 69.19% year-over-year, compared with a 7.62% gain in the S&P 500.

Google (GOOG) – BMO upgraded the search giant’s shares to ‘Outperform’ from ‘Market perform,’ based on higher earnings estimates and more stable profit margins in coming quarter. The broker raised its price target on the name to $670 from $570.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.