Analysts were busy this week, upgrading and changing their price targets for a variety of companies.
Micron Technology (MU) - Get Report received a double upgrade to buy from sell from Citigroup analysts,who raised their price target on the chipmaker by $65 to $100 per share. Deutsche Bank also boosted its price target by $10 to $85 a share, while RBC Capital Markets raised its price target by $26 to $83 per share
Several Wall Street analysts lifted their one-year price targets for Google parent Alphabet (GOOGL) - Get Report after the company's fourth-quarter earnings beat estimates. Susquehanna's Shyam Patil, for example, lifted his target to a Wall Street-high of $3,000 from $2,000.
Stitch Fix (SFIX) - Get Report was downgraded to hold from buy by Stifel analyst Lamont Williams, who raised his price target to $83 from $64 on the online apparel retailer to reflect the stock’s recent surge.
Price Target Changes
Stifel analyst John Egbert raised his share-price target on Snap (SNAP) - Get Report company to $70 from $60 while keeping a buy rating on the stock. Other analysts joined Egbert in support of the Snapchat parent after the company beat Wall Street's fourth-quarter earnings expectatuons.