Notable Upgrades: SPWR, FIT, YNDX, SHPG, NUAN, MCO, FWRD, CF, AMCC, VRX

SunPower Corporation (SPWR) was reiterated a ‘Equal Weight’ by Barclays analysts on Tuesday. The broker also raised its price target on the stock to $26 from $25.

In the past 52 weeks, shares of San Jose California-based company have traded between a low of $18.25 and a high of $35.11 and are now at $22.70.
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Analysts at BofA/Merrill are out with a report this morning upgrading shares of Fitbit Inc. (FIT) with a ‘Buy’ from ‘Neutral’ rating.

FIT is up $0.13 at $28.89. Midway through trading Tuesday, 7.50 million shares of Fitbit Inc. have exchanged hands as compared to its average daily volume of 4.75 million shares.
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Yandex N.V. (YNDX) was raised to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley on Tuesday.

The stock began trading this morning at $15.89 to currently trade 5.87% higher from the prior days close of $15.34. On an intraday basis it has gotten as low as $15.80 and as high as $16.51.
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Analysts at Leerink Partners upgraded their rating on the shares of Shire plc (SHPG). In a research note published on Tuesday, the firm lifted the name with a ‘Outperform’ from ‘Market Perform’ rating and set a $239 price target.

SHPG shares recently gained $4.72 to $211.73. The stock is up 2.47% year-over-year and has lost roughly 2.31% year-to-date.
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Shares of Nuance Communications, Inc. (NUAN) are up $2.98 to $20.03 in mid-day trading after Deutsche Bank reiterated its ‘Buy’ rating and increased its 12-month base case estimate on the name by 5 points to $30 a share.
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Moody’s Corporation (MCO) was raised to ‘Buy’ from ‘Neutral’ and it was given a $116 price target at UBS on Tuesday.

MCO shares recently gained $3.50 to $101.59. In the past 52 weeks, shares of New York New York-based company have traded between a low of $85.50 and a high of $113.87.
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Forward Air Corp. (FWRD) had its rating hiked to ‘Outperform’ from ‘Neutral’ by Robert W. Baird today. The firm currently has a $55 price target on the stock, up from their previous price target of $51.

FWRD shares recently gained $1.93 to $47.51. Stock closed Monday at $45.58. The name has a total market cap of $1.46 billion.
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CF Industries Holdings, Inc. (CF) was upgraded to ‘Positive’ from ‘Neutral’ by Susquehanna analysts today.

CF currently prints a one year loss of about 7.90% and a year-to-date loss of around 10.08%.
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Investment analysts at Drexel Hamilton initiated coverage on shares of Applied Micro Circuits Corporation (AMCC) in a note issued to investors on Tuesday. The firm set a ‘Buy’ rating and a $11 price target on the stock. The firm’s price target would suggest a potential upside of 54% from the stock’s current price of $7.12.

AMCC shares are higher by nearly 5.30% to $7.23 in mid-day trading on Tuesday.
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Shares of Valeant Pharmaceuticals International, Inc. (VRX) are down $2.47 at $70.85, after Morgan Stanley this morning lowered its price target on the shares to $98 from $200, and reiterated a ‘Equal-Weight’ rating.

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