Stocks to buy: A group of stocks were upgraded to a buy rating by analysts.
Zoltek Companies, Inc. (ZOLT), through its subsidiaries, develops, manufactures and markets carbon fibers and technical fibers in the United States. The stock was upgraded from a hold rating to a buy rating with a target price of $10.0 per share on Tuesday morning. After the upgrade, ZOLT stock price has surged over 4.6% in the early trading session on Tuesday. ZOLT share price has a 52-week range between $5.60 and $15.01. Zoltek Companies has a market cap of $279.31 million and a P/E multiple of 12.07.
Cisco Systems (CSCO) primarily provides Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and the related services. Analysts at MKM Partners upgraded the rating on CSCO stock from neutral rating to buy with a target price of $24.00. CSCO stock traded between $14.93 and $21.30 over the past 52 weeks. CSCO stock price has gained 0.08% in the early trading session today. Cisco Systems has a market cap of $100.30 billion and a P/R multiple of 12.72.
Liberty Capital (LMCA) through its subsidiaries, primarily engages in the media, communications and entertainment industries. LMCA stock was upgraded by analysts at Citigroup from a neutral rating to a buy rating with a $121.00 target price, 28.7% up from the prior target price of $94.00. LMCA stock price is up 0.36% after the upgrade. LMCA stock price swung between $58.51 and $106.55 over the past 52 weeks. Liberty Capital has a market cap of $12.60 billion and a P/E multiple of 18.66.
CTRIP.com International (CTRP) is a travel service provider for hotel accommodations, airline tickets and packaged tours in China. Shares of the company are upgraded by analysts at Raymond James from a Market Perform rating to a Strong Buy rating with a target price of $26.0. After the upgrade, CTRP shares are up 4.48% today. CTRIP.com International has a market cap of $2.43 billion and a P/E multiple of 18.30.
Microchip (MCHP) develops and manufactures specialized semiconductor products for a range of embedded control applications. MCHP stock is upgraded to a buy rating from a hold rating by analysts at ThinkEquity with a target price of $38.0. MCHP stock price is 0.55% this morning. MCHP stock price has a 52 week range between $30.07 and $38.88. Microchip Technology has a market cap of $6.43 billion and a P/E multiple of 21.36.
PNC Financial (PNC) a financial service company focused on retail banking, corporate and institutional banking, asset management, and residential mortgage banking. Deutsche Bank lifted its rating on PNC stock from Hold to Buy. The research firm also raised its target price from $63 to $71. Promoted by the rating movement, PNC stock price has risen 1.82%. PNC Financial has a market cap of $33.83 billion and a P/E multiple of 13.21.