Notable Analyst Calls: Applied Materials (AMAT), SolarCity (SCTY), Regulus Therapeutics (RGLS), Tesla (TSLA), Apple (AAPL)

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Analysts at Susquehanna are out with a report this morning upgrading shares of Applied Materials, Inc. (AMAT) with a ‘Neutral’ from ‘Negative’ rating.

In the past 52 weeks, shares of Santa Clara, California-based company have traded between a low of $14.25 and a high of $24.65 and are now at $22.75.

On valuation measures, Applied Materials Inc. shares are currently priced at 21.06x this year’s forecasted earnings, compared to the industry’s 25.28x earnings multiple. Ticker has a forward P/E of 12.22 and t-12 price-to-sales ratio of 2.54. EPS for the same period is $1.08.

Shares are up 15.12% year-over-year and 20.56% year-to-date.

Analysts at Avondale upgraded their rating on the shares of SolarCity Corporation (SCTY). In a research note published on Tuesday, the firm lifted the name with a ‘Market Outperform’ from ‘Market Perform’ rating.

SCTY is currently higher by 2.04% at $22.75 on below average volume.

Regulus Therapeutics Inc. (RGLS) was reiterated a ‘Buy’ by Needham analysts on Tuesday. The broker however, cut its price target on the stock to $10 from $25. Regulus saw its shares plunge by 50% early Tuesday morning after the biopharmaceutical company announced it received a verbal notice from the FDA that its IND for RG-101 for the treatment of chronic hepatitis C virus infection has been placed on clinical hold.

Analysts at Argus downgraded Tesla Motors, Inc. (TSLA) from ‘Buy’ to ‘Hold’ in a research report issued to clients on Tuesday.

Shares of the $29.63 billion market cap company are down 25.66% year-over-year and 17.27% year-to-date.

Tesla Motors Inc., currently with a median Wall Street price target of $245.00 and a high target of $500.00, rose $2.61 to $201.16 in recent trading.

In a note to client this morning, UBS’s Steve Milunovich wrote that “there is some trouble brewing” for Apple (AAPL) in Japan as “the government has expressed concern that monthly phone charges at about 4% of average disposable income are too high.

Milunovich notes [via Barron’s] that “handsets typically are subsidized by carriers; these incentives are helpful to Apple since it charges a 15-20% premium relative to the US.” The analyst warns that “while the Apple brand remains strong, cheaper alternatives are making inroads with Apple’s share potentially declining over time from 50% to 30%.”

Apple stock has fallen about 27 percent year-over-year, while the S&P 500 has lost 3 percent. AAPL closed at an all-time high of $132.54 on May 22, 15.

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