Investment Analysts’ Upgrades for August, 21st (AAP, DOC, EL, HBHC, HBMD, IMBBY, LULU, PAA, PAGP, PCRX)
Advance Auto Parts (NYSE:AAP) was upgraded by analysts at Barclays PLC from an underweight rating to an equal weight rating.
Physicians Realty Trust (NYSE:DOC) was upgraded by analysts at Jefferies Group LLC from an underperform rating to a hold rating.
Estee Lauder Companies, Inc. (The) (NYSE:EL) was upgraded by analysts at BMO Capital Markets from an underperform rating to a hold rating. They currently have $107.00 price target on the stock.
Hancock Holding (NASDAQ:HBHC) was upgraded by analysts at Keefe, Bruyette & Woods to a buy rating.
Howard Bancorp (NASDAQ:HBMD) was upgraded by analysts at UBS AG from an outperform rating to a strong-buy rating.
Imperial Brands PLC (NASDAQ:IMBBY) was upgraded by analysts at Royal Bank Of Canada from a sector perform rating to an outperform rating.
lululemon athletica inc. (NASDAQ:LULU) was upgraded by analysts at Bank of America Corporation from a neutral rating to a buy rating.
Plains All American Pipeline, L.P. (NYSE:PAA) was upgraded by analysts at Jefferies Group LLC from a hold rating to a buy rating.
Plains Group Holdings, L.P. (NYSE:PAGP) was upgraded by analysts at Jefferies Group LLC from a hold rating to a buy rating.
Pacira Pharmaceuticals (NASDAQ:PCRX) was upgraded by analysts at Janney Montgomery Scott from a sell rating to a neutral rating.
Skyworks Solutions (NASDAQ:SWKS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $114.00 price target on the stock. According to Zacks, “Skyworks reported strong third-quarter fiscal 2017 results. Both earnings and revenues increased on a year-over-year basis. Strong demand for Wi-Fi, Zigbee and LTE solutions have helped the company to gain traction. Management provided optimistic guidance for the fourth-quarter. We expect improving growth prospects to help the stock’s momentum in the rest of 2017 and beyond. We note that Skyworks has outperformed the broader market on a year-to-date basis. Further, strategic design wins in IoT, automotive and 5G markets to remain significant positives for the company in the long haul. However, heavy investments in R&D are escalating operating expenses, which is affecting margins. Significant pricing pressure, technological obsolescence and high concentration risks remain additional headwinds.”
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