Shares of Take-Two and Hearland Express Lead Analyst Upgrades
All three U.S. market indices are trending upward in afternoon trading. Brokerage analysts shared some of their latest upgrade ratings with the investing community today:
Take-Two (NASDAQ:TTWO): Take-Two was upgraded from Neutral to Buy by MKM Partners, and its target price adjusted to $20 from $16. MKM projects TTWO offering a competitive release slate in 2012, notably featuring Grand Theft Auto V, and ought to see positive results from its expensive licensing agreement with Major League Baseball expiring.
Heartland Express (NASDAQ:HTLD): Heartland has moved up from Underperform to Sector Perform according to RBC Capital Mkts, with a price target up from $14 to $16. Yesterday, Morgan Keegan Analyst Chaz Jones slashed his rating of the stock from Outperform to Market Perform. Keegan, in a letter to clients, noted that although Heartland boasts industry-leading sales margins, well-paid drivers and positive financial results, the company’s conservative leanings may permit its peers to move ahead if the trucking industry grows in 2012.
Three additional upgrades today include:
Tesco (NASDAQ:TESO) where Global Hunter Securities upgraded its rating on this company from Accumulate to Buy and changed its price target to $19; UniTek Global Services (NASDAQ:UNTK) was upgraded by KeyBanc Capital Mkts from Hold to Buy and changed its price target to $8; and, Pacific Sunwear (NASDAQ:PSUN) caught an upgrade from Janney Mntgmy Scott from Neutral to Buy and changed its price target to $4.
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