5-Hour Energy: A Success Equal Parts Caffeine, Chemistry and…
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Analyst upgrades:
- Citigroup upgraded Advanced Micro (NYSE: AMD) to Buy from Hold and raised its target to $5.50 from $4.25 citing valuation and expectations for the company's competitive position and gross margins to improve.
- Barclays upgraded American Express (NYSE: AXP) to Overweight from Equal Weight citing long-term earnings growth as the company benefits from declining charge-offs and credit costs. The firm has a $38 target on the stock.
- JPMorgan upgraded Arch Coal (NYSE: ACI) to Overweight from Neutral and raised its target to $22 from $19 citing the FTC approval for the acquisition of Jacobs Ranch mine and valuation.
- Bebe Stores (NASDAQ: BEBE) was upgraded to Overweight from Equal Weight at Stephens.
- Cheesecake Factory (NASDAQ: CAKE) was upgraded to Neutral from Underweight at Piper Jaffray.
- Ashland (NYSE: ASH) was upgraded to Buy from Hold at KeyBanc.
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