Notable Upgrades: Chuy’s Holdings (CHUY), Kellogg (K), Rio Tinto (RIO), Charter Communications (CHTR), Abiomed (ABMD)

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Analysts at Wunderlich are out with a report this morning upgrading shares of Chuy’s Holdings, Inc. (CHUY) with a ‘Buy‘ from ‘Hold‘ rating. The firm raised its price target for the company to $34 from $24.

Chuy’s Holdings Inc. shares are currently priced at 46.85x this year’s forecasted earnings, compared to the industry’s 25.97x earnings multiple. Ticker has a forward P/E of 36.24 and t-12 price-to-sales ratio of 1.79. EPS for the same period is $0.72.

In the past 52 weeks, shares of Austin, Texas-based restaurant operator have traded between a low of $18.40 and a high of $34.33 and are now at $33.74. Shares are up 4.98% year-over-year and 41.48% year-to-date.

Analysts at Citigroup (C) upgraded their rating on the shares of Kellogg Company (K). In a research note published on Wednesday, the firm lifted the name with a ‘Buy‘ from ‘Neutral‘ rating. Kellogg was also raised to ‘Hold’ from ‘Sell’ at Societe Generale. RBC Capital Markets raised its 12-mnth base case estimate on the name to $72 from $66.

On valuation measures, Kellogg Co. shares are currently priced at 54.22x this year’s forecasted earnings compared to the industry’s 12.35x earnings multiple. Ticker has a PEG and forward P/E ratio of 4.65 and 18.19, respectively. Price/Sales for the same period is 1.65 while EPS is $1.26. Currently there is 1 analyst that rates K a ‘Buy‘, 12 rate it a ‘Hold‘, 4 analysts rate it a ‘Sell‘. Kellogg Co. has a median Wall Street price target of $62.00 with a high target of $66.00.

Rio Tinto plc (RIO) was raised to ‘Hold‘ from ‘Sell‘ at Liberum on Wednesday.

RIO is up $0.97 at $39.47 on heavy volume. Midway through trading Wednesday, 2.40 million shares of Rio Tinto PLC ADR have exchanged hands as compared to its average daily volume of 2.87 million shares. The stock has ranged in a price between $39.46-$40.24 after having opened the day at $40.11 as compared to the previous trading day’s close of $38.50.

In the past 52 weeks, shares of mining and metals company have traded between a low of $36.80 and a high of $59.32. Shares are down 30.14% year-over-year and 14.29% year-to-date.

Charter Communications, Inc. (CHTR) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Wednesday. The broker also raised its price target on the stock to $210 from $205.

The stock began trading this morning at $195.03 to currently trade 3.70% lower from the prior days close of $191.50. On an intraday basis it has gotten as low as $184.41 and as high as $195.30. CHTR shares have advanced 10% in the last 4 weeks and 3.12% in the past three months. Over the past 5 trading sessions the stock has gained 3.70%.

The Stamford, Connecticut-based company, which is currently valued at $20.65 billion, has a median Wall Street price target of $206 with a high target of $257. Charter Communications Inc. is up 21.90% year-over-year, compared with a 9.01% gain in the S&P 500.

Abiomed, Inc. (ABMD) was reiterated as ‘Market Perform’ with a $80 from $60 price target on Wednesday by Northland Capital.

ABMD shares recently gained $2.98 to $91.78. The stock is up 250.99% year-over-year and has gained roughly 133% year-to-date. In the past 52 weeks, shares of Danvers, Massachusetts-based company have traded between a low of $21.84 and a high of $92.91.

Abiomed Inc. closed Tuesday at $88.80. The name has a current market cap of $3.86 billion.

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