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Monday, September 15, 2014

Recent Analyst upgrades

Ambarella (NASDAQ:AMBA) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $40.90 price target on the stock.

Carmike Cinemas (NASDAQ:CKEC) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $33.90 price target on the stock.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) was upgraded by analysts at TheStreet to a buy rating.

Cypress Semiconductor (NYSE:CY) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $13.00 price target on the stock. Zacks’ analyst wrote, “Cypress develops and manufactures a broad range of digital and mixed signal ICs. The company’s second-quarter earnings were higher than the Zacks Consensus Estimate driven by solid expense management and higher gross margins. An improving mix, cost control and robust demand also resulted in a better-than-expected forward guidance. Though an uncertain macro environment and increased pricing pressure remain concerns, we are encouraged about the company’s advanced technology, momentum in new products, increased customer wins and growth initiatives. We are therefore upgrading Cypress shares to Outperform .”

Fidelity National Financial (NYSE:FNF) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. Zacks currently has $28.50 target price on the stock.

Gigamon (NASDAQ:GIMO) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. Zacks currently has $11.20 target price on the stock.

China Lodging Group, Ltd (NASDAQ:HTHT) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. They currently have $28.80 price target on the stock.

Javelin Mortgage Investment Corp (NYSE:JMI) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. The firm currently has $13.60 price target on the stock.

L Brands (NYSE:LB) was upgraded by analysts at TheStreet to a buy rating.

Lumber Liquidators Holdings (NYSE:LL) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $58.00 target price on the stock.

Micronet Enertec Technologies (NASDAQ:MICT) was upgraded by analysts at Aegis from a hold rating to a buy rating.

Primero Mining Corp (NYSE:PPP) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $6.10 target price on the stock.

PrivateBancorp (NASDAQ:PVTB) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. Zacks currently has $32.00 price target on the stock.

Rofin-Sinar Technologies (NASDAQ:RSTI) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $23.80 target price on the stock.

Scientific Games Corp (NASDAQ:SGMS) was upgraded by analysts at Zacks from an underperform rating to a neutral rating. They currently have $14.00 price target on the stock. Zacks’ analyst wrote, “Scientific Games reported dismal second-quarter 2014 results, with a wider year over year loss. However, revenues were inline with the Zacks Consensus Estimate. The sluggish macroeconomic environment is expected to persist for the remaining of FY14, which will hurt company’s results. We believe that the expanded product portfolio that resulted from the acquisitions of WMS and Bally Technologies will boost top line growth. Moreover, acquisition of Bally Technologies will lower competition, thereby expanding its market share. However, we believe that the acquisition will put its balance sheet under further pressure as the company has opted for debt-financing. Moreover, pricing pressure due to slow demand and stiff competition remains a concern. Nevertheless, we believe that the back-to-back acquisitions of WMS and Bally Technologies improves Scientific Games overall growth prospect over the long term. Thus, we upgrade our recommendation from Underperform to Neutral and set a price target of $14.00. “

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