Healthways Soars On Upgrade (YHOO, NVDA, HUN, CREE, RAH)
Yahoo! Inc. (NASDAQ:YHOO) rose 2.08% to $15.47 as Reuters reported that Yahoo! Inc. could be weeks away from selling 15% to 25% of Alibaba Group’s stock back to the company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations. The two companies have been in talks for a month, but cautioned that there is no guarantee a deal will be reached.
NVIDIA Corporation (NASDAQ:NVDA) shares surged 2.06% to $12.52 after analyst at analyst at Nomura upgraded the stock y to Buy ahead of its Friday FQ1 report. Shah notes Nvidia has a 20% free cash flow yield relative to its enterprise value, and believes the Street is assigning no value to its Tegra mobile processor business. He also sees Nvidia taking graphics processor share from AMD, thanks to new design wins with Apple and other OEMs.
Huntsman Corporation (NYSE:HUN) climbed 2.30% as analyst at KeyBanc started a coverage on the stock with a Buy rating and a $20 target, as the firm sees an “attractive” risk-reward profile despite recent appreciation: “In addition to generally positive global demand trends in its core businesses, the increasing value-add characteristics of its products and growth downstream, such as system houses,” should boost overall profitability.
Cree, Inc. (NASDAQ:CREE) added 3.11% to $32.82 after the company announces a first-of-its-kind agreement with Lutron Electronics Co., Inc. to embed Lutron EcoSystem(R) technology on a chip in Cree(R) luminaires to accelerate LED adoption and increase energy efficiency for building designers, contractors and owners.
The combination of industry-leading LED technology from Cree with proven energy control strategies from Lutron yields the world’s most energy-efficient commercial troffer lighting control and delivery system. The solution introduces digital intelligence to the control of Cree LED luminaires and delivers integrated, pre-tested system compatibility that is backed by the Lutron Services Company to ensure performance of the system as a whole.
Healthways, Inc. (NASDAQ:HWAY) shares soared 9.52% as analyst at Dougherty & Co. upgraded its stock-investment rating on the stock to buy, saying it believes there remains extraordinary opportunities in the domestic commercial market and government sponsored programs in health care, such as Medicare and Medicaid. It said it senses Healthways is “gaining traction” within the provider market and that the international market also represents a significant opportunity for the company.