Analysts’ upgrades for Wednesday, August 23rd:
Intra-Cellular Therapies (NASDAQ:ITCI) was upgraded by analysts at Leerink Swann from a market perform rating to an outperform rating.
Kirkland’s (NASDAQ:KIRK) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $9.50 price target on the stock. According to Zacks, “After reporting a disappointing first quarter, Kirkland's posted narrower-than-expected loss and better-than-expected revenues in second-quarter fiscal 2017. In addition, Kirkland's recorded net sales growth of 7.0% due to increase in store count as well as comps growth. Sales were also driven by improved trends in existing stores, new store productivity and continued momentum in online activities. The growth in e-Commerce revenues were backed by a strong increase in website traffic, conversion and average order value. These efforts are clearly seen in the share price performance of the company, which has improved significantly in the last three months in comparison to the industry. Despite overall strong sales growth, the company continues to face sluggish sales in Texas and has also been witnessing decline in traffic. Further, lower merchandise margins and higher supply chains costs are denting margins.”
Two River Bancorp (NASDAQ:TRCB) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $20.00 target price on the stock. According to Zacks, “Two River Bancorp is a state-chartered commercial bank. It engaged in the business of commercial and retail banking. The company offers checking accounts, savings accounts, commercial loans, SBA lending, safe deposit boxes, night depository, wire transfers, money orders, traveler’s checks, automated teller machines, direct deposit, telephone and internet banking. Two River Bancorp, formerly known as Community Partners Bancorp, is headquartered in Tinton Falls, NJ. “
TransUnion (NYSE:TRU) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $52.00 target price on the stock. According to Zacks, “TransUnion is poised for impressive growth in several of its end markets with an attractive business model, significant operating leverage, low capital requirements and strong and stable cash flows. Increased risk of identity theft due to data breaches and higher consumer awareness about the usage of credit information are propelling demand for its consumer solutions. The company continues to make significant investments to modernize its infrastructure and facilitate the seamless transition to the latest Big Data and analytics technologies. With solid quarterly results and favorable growth dynamics, the company raised its guidance for 2017. TransUnion has also outperformed the industry year to date. However, it is vulnerable to the overall macroeconomic conditions, industry trends, seasonality issues, adverse foreign currency translation effects and developments in the credit market, which limit its profitability to some extent.”
Ubisoft Entertain (NASDAQ:UBSFY) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $14.00 target price on the stock. According to Zacks, “Ubisoft Entertainment operates in parts of Europe, Canada and the United States and its primary activities are the production, publishing and distribution of interactive entertainment products. Products include video games, educational and cultural software, cartoons, literary, multimedia, audio-visual products, cinematographic and television works. Some of its brands are Driver, Anno, Endwar and Tom Clancy. “
Uranium Energy Corp. (NYSEMKT:UEC) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $1.50 target price on the stock. According to Zacks, “Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. “
VBI Vaccines, Inc. – (NASDAQ:VBIV) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “VBI Vaccines Inc. is a biopharmaceutical company developing novel technologies to expand vaccine protection. The company’s eVLP vaccine platform allows for the design of enveloped virus-like particle vaccines which closely mimic the target virus. Its lead eVLP asset is a prophylactic cytomegalovirus vaccine. Its second platform is a thermostable technology that enables the development of vaccines and biologics. VBI Vaccines Inc., formerly known as SciVac Therapeutics, Inc., is headquartered in Cambridge, MA. “
Vipshop Holdings Limited (NYSE:VIPS) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. The firm currently has $10.00 target price on the stock. According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “
Vuzix Corporation (NASDAQ:VUZI) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. Zacks Investment Research currently has $6.75 price target on the stock. According to Zacks, “Vuzix Corporation designs, manufactures, and sells display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content, such as movies, computer data, the Internet or video games. It produces both monocular and binocular Video Eyewear devices. The Company focuses on consumer markets for gaming and mobile video and on rugged mobile displays for defence and industrial applications. Vuzix Corporation is based in Rochester, New York. “
Werner Enterprises (NASDAQ:WERN) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $35.00 price target on the stock. According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “
W&T Offshore (NYSE:WTI) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. They have grown through acquisition, exploitation and exploration. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates. “
58.com (NYSE:WUBA) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “58.com Inc. operates online marketplace serving local merchants and consumers in China. It offers housing rental, recruitment, second-hand product, travel, catering, entertainment, and group-buying information. 58.com Inc. is based in Beijing, China. “
58.com (NYSE:WUBA) was upgraded by analysts at Citigroup Inc. from a neutral rating to a buy rating. The firm currently has $68.00 target price on the stock, up from their previous target price of $62.00.
Yirendai (NYSE:YRD) was upgraded by analysts at Zacks Investment Research from a hold rating to a buy rating. They currently have $45.00 target price on the stock. According to Zacks, “Yirendai Ltd. is involved in the online consumer finance business. Yirendai Ltd. is based in Beijing, China. “
Zoe’s Kitchen (NYSE:ZOES) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “Zoe’s Kitchen Inc. operates as a fast casual restaurant concept serving Mediterranean-style food. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. It also grants licenses to qualified franchisees to construct and operate Zoe’s Kitchen restaurants. Zoe’s Kitchen, Inc. is based in Plano, Texas. “
Zte Corp. (OTCMKTS:ZTCOY) was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, “ZTE Corporation is engaged in providing telecom equipment and networking solutions to telecom operators. The company offers wireless communications systems, wireline switch and access equipment, optical and data communications equipment, mobile phone handsets, data card products, and telecommunications software systems. It also engages in the production of remote control switch systems, multimedia communications systems, and communications transmission systems. The company also provides technical design, development, consultation, and related services for the research, manufacture and production of mobile communications systems equipment, satellite communications, microwave communications equipment, beepers, computer hardware and software, closed-circuit TVs, microwave communications, automated signal control, computer information processing, process monitoring systems, and fire alarm systems. ZTE Corporation is based in Shenzhen, the People’s Republic of China. “
