Price Target Changed: Yahoo (YHOO), Caterpillar (CAT), PayPal (PYPL), Nasdaq (NDAQ), Harley-Davidson (HOG)

Yahoo! Inc. (YHOO) was reiterated as ‘Buy’ with a $44 from $40 price target on Wednesday by Sun Trust Rbsn Humphrey.

YHOO is up $0.46 at $37.12 on normal volume. Midway through trading Wednesday, 8.37 million shares of Yahoo! Inc. have exchanged hands as compared to its average daily volume of 16.12 million shares. The stock has ranged in a price between $36.90 to $37.35 after having opened the day at $36.94.

In the past 52 weeks, shares of Sunnyvale, California-based internet company have traded between a low of $26.15 and a high of $46.13.

Shares are down 18.11% year-over-year ; up 10.22% year-to-date.

Caterpillar Inc. (CAT) was reiterated an ‘Equal Weight’ by Barclays analysts on Wednesday. The broker also raised its price target on the stock to $67 from $65.

On valuation measures, Caterpillar Inc. shares are currently priced at 22.41x this year’s forecasted earnings compared to the industry’s 13.98x earnings multiple. Ticker has a PEG and forward P/E ratio of 28.49 and 22.39, respectively. Price/Sales for the same period is 0.94 while EPS is $3.50.

Currently there is one analyst that rates CAT a ‘Buy’, 17 rate it a ‘Hold’. Two analysts rate it a ‘Sell’. CAT has a median Wall Street price target of $65 with a high target of $87.

PayPal Holdings, Inc. (PYPL) rating of ‘Buy’ was reiterated today at Sun Trust Rbsn Humphrey with a price target increase of $44 from $38 (versus a $37.80 previous close).

PayPal recently traded at $38.58, a gain of $0.78 over Tuesday’s closing price. The name has a current market capp of $47.18 billion.

Shares of Nasdaq, Inc. (NDAQ) are up $0.86 to $64.01 in midday trading after RBC Capital Markets reiterated its ‘Outperform’ rating and increased its 12-month base case estimate on the name by 3 points to $72 a share.

On valuation metrics, Nasdaq Inc. shares are priced at 25.60x this year’s forecasted earnings, compared to the industry’s 11.55x earnings multiple. The company’s current year and next year EPS growth estimates stand at 10.60% and 11.50%, compared to the industry growth rates of 4.20% and 3.90%, respectively. NDAQ has a t-12 price-to-sales ratio of 3.04. EPS for the same period registers at $2.50.

Nasdaq shares have declined 4.29% in the last 4 weeks while advancing 10.67% in the past three months. Over the past 5 trading sessions the stock has lost 2.82%. The $10.49 billion New York City-based firm has a median Wall Street price target of $68 with a high target of $75.

Nasdaq is up 27.79% year-over-year, compared with a 2.13% loss in the S&P 500.

Shares of Harley-Davidson, Inc. (HOG) are up $1.85 at $46.77. Wedbush this morning lowered its price target on the shares to $42 from $46, and reiterated a ‘Neutral’ rating noting lower estimates and a disappointing U.S. retail showing in 1Q16. UBS opposed Wedbush’s view of slower retail sales saying they expect a nearly 10% jump in the company’s March sales, significantly better than consensus expectations.

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